Latest Posts
Home > Debt Articles (page 30)

Debt Articles

Having Problems With a Debt Collector. Affordable Legal Help Available Here.

hiding-1

One of the common requests I hear from readers is for legal help with issues surrounding their debt problems when they feel they’ve been hurt or abused by a debt collector. In the past I’ve always referred people to the National Association of Consumer Advocates and the GetOutOfDebt.org legal friends and protectors to find an attorney that is licensed in ... Read More »

    Timeshare Resale Scam Infographic

    0368-timeshare-resale-scams-infographic

    The FTC gets clever and puts of a great infographic on timeshare resale scams. Read More »

      Odds Are You Are Going to Retire Hungry and Poor

      If your 75 year old self could talk to you today about making retirement saving a priority, what advice do you think you'd hear?

      Americans can be in as much current day denial as they want to about their future and what retirement will look like but recent studies show a significant number of people are not at all confident they will be able to retire with adequate income and savings. According to the Employee Benefit Research institute, 49 percent of workers surveyed said ... Read More »

        Bankruptcy, Depression & Suicide. The Most Avoidable Tragedy.

        Don't give up, there is truly a light at the end of the tunnel if you will just open your eyes.

        People with problem debt are likely to be depressed. My own study in 2001 found that of those people who reached out for help 39.71% were clinically depressed and another 9.56% identified themselves as moderately depressed. Women tended to be more likely to show symptoms of depression than men. You can read more about this study at Survey Finds Debt ... Read More »

          Innovative Wealth Builders in FTC News Again With Independent Resources Network

          Screen Shot 2013-06-05 at 12.49.10 PM

          It seems like forever Ive been writing about Innovative Wealth Builders and all the unhappy consumers that feel for their debt relief pitch. But it looks like the FTC has taken a step against their payment processor that could have ramifications in other parts of the debt world with payment processors and escrow companies. According to the Federal Trade Commission ... Read More »

            Sheila Bair, Former FDIC Chairman Shares Thoughts on Financial Failures

            Screen Shot 2013-06-05 at 10.26.21 AM

            Sheila Bair, former chairman of the Federal Deposit Insurance Corp., shares her thoughts about on what went wrong in the banking industry and how to prevent financial collapse in the future. In this video she talks about how bankruptcy is now the strategy to deal with future banking failures, why over borrowing was a critical cause of the financial failures, ... Read More »

              The Get Out of Debt Guy 8 Easy Steps to Eliminate Your Debt Checklist

              money

              So you want to get out of debt. Congratulations. To make your journey easier and to help you on your way, here is an easy to follow checklist to guide you on your journey. Getting out of debt can be broken down into some very simple steps to make the process easy, obvious, and help you to do it yourself. ... Read More »

                Student Loan Debt by Generation. Sorry Gen X and Millennials.

                student loan debt

                Here is a nifty infographic showing the generational difference and growing danger of student loan debt. Looks like Generation X, those born between 1965 and 1984 is sinking fast. But more Millennials are loaded up with debt than any other generation. And this is what an unfolding crisis looks like. Read More »

                  CFPB Suit Against Debt Relief Company Should Make Industry Very Afraid

                  Boom goes the dynamite.

                  Yesterday the Consumer Financial Protection Bureau filed suit against American Debt Settlement Solutions, Inc. and Michael DiPanni. If you are in the debt relief industry you need to become painfully familiar with this suit because it will make you soil your pants. For the first time the CFPB has laid out its hand on what they feel is an abusive ... Read More »

                    All About Buy Here – Pay Here Vehicle Financing

                    Cheerful female driver huging her new car

                    In-house financing car dealerships provide car loan options to customers and facilitate the purchase of a vehicle. There are a number of things you should watch out for and understand before signing loan agreements at a dealership. Advantages of In-House Financing The primary advantages of in-house financing with an auto dealership directly apply to people whom outside lenders may consider ... Read More »

                      The Saddest Avoidable Mistake People Make When Getting Out of Debt

                      Every day wasted is money wasted. Make the tough choices young so you don't wind up broke, old, sick, and counting pennies.

                      It is painful for me to watch people make the same ignorant and stupid mistake time and time again when getting out of debt. And what is the number on mistake that screws up their financial future in an effort to repair their financial past? Keep reading to find out. People make all sorts of emotional decisions when faced with ... Read More »

                        Everything You Always Wanted and Needed to Know About Bankruptcy

                        future

                        Below is my growing list of bankruptcy resources and links. If there is something that’s not addressed in one of those articles, guides, then feel free to ask me your question. Bankruptcy Articles and Posts You Must Read Click Here to Find a Bankruptcy Attorney in Your Area To get ready to read the information below with the right frame ... Read More »

                          Homeowner’s Relief Line Commercial – Caution

                          IMG_0163-private

                          Yesterday I spotted a new debt relief commercial on television for some company that claimed to be Homeowner’s Relief Line. The commercial made all sorts of claims about saving your home from foreclosure, helping with loan modification and giving the impression the consumer is the victim. In general and in my experience, these types of commercials are funnels for people ... Read More »

                            Student Loan Interest Rates to Double and Might Go Variable

                            surprise

                            If Congress does not take action the rate subsidized student loan holders pay will double July 1, 2013 from 3.4% to 6.8%. Student loan interest rates have been set by Congress and kept artificially low as a way to encourage education. But a vote in the House yesterday about a Republican proposal is set to have some very dangerous and ... Read More »

                              World Law Debt, Global Client Solutions and Others Sued in NC. TRO.

                              Screen Shot 2013-05-23 at 3.41.13 PM

                              Yesterday the State of North Carolina and the North Carolina State Bar filed suit against Swift Rock Financial, World Law Debt, World Law Group, Orion Processing, World Law Processing, Derin Scott, and Global Client Solutions. This suit is different than many others I’ve seen in that it is a joint effort by both the State Bar and the Attorney General. ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

                                You can unsubscribe at any time with just one click.

                                After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.