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Debt Articles

Debt Settlement Pros and Cons. My No BS Guide to Settling Your Debt.

the truth smaller

I’m shocked. Apparently I’ve never written an article on the advantages and disadvantages of debt settlement and what to look for or watch for when you go to settle your debt. So here goes. The process of settling debt is age old. It goes back to the time credit was first extended. It’s nothing new. In fact, merchants have been ... Read More »

    New Rescue One Financial Loan Offer Letter Still Raises Concerns

    Cosplayers at San Diego Comic Con 2009

    Rescue One Financial has been sending out what I feel to be a problematic mailer offering consumers loans but consumers report being switched into debt settlement programs with Freedom Debt Relief instead. That has concerned me since it sure seems like a bait and switch effort to tell people they are going to get loans but sell them into debt ... Read More »

      Former Bank President and Real Estate Developer to Buy Soap on a Rope

      mans hands behind bars in jail or prison

      The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and United States Attorney for the Eastern District of Louisiana Dana J. Boente today announced that Reginald R. Harper, age 59, a resident of Hammond, Louisiana, the former president and chief executive officer of First Community Bank of Hammond, Louisiana, and Troy A. Fouquet, age 45, ... Read More »

        WV Wins Judgment Against Nonprofit Credit Counseling Agency and a Number of Debt Relief Companies

        punched-in-face different

        On March 20, 2013 the State of WV was granted a judgment against James Armstrong, Family Credit Counseling, Debt Solutions Foundation, Top Financial Sales & Marketing, Consumer Financial Marketing, Consumer Debt Management & Education, JRA Property & Land Management, Vegga Corporation, and American Debt Counseling. Court records indicate Family Credit Counseling Corporation was a federally tax-exempt nonprofit and was in ... Read More »

          Is Rescue One Financial Hiring People to Lie to Google?

          no bullshit

          A tipster (send in your tips here) alerted me to a job posting that pays people to fraudulently report this post, Alleged Former Employee Speaks Out About Rescue One Financial Loan Offers to Google as spam. The job posting, pays people $0.50 to submit a fraudulent spam report about the post about Rescue One in what can be assumed an ... Read More »

            The Budget Reality of Digging Out of Debt

            budget napkin

            Today I want to talk about the reality of digging out of debt with budgeting and reducing expenses and the Debt Bridge. But how to do a budget is not my focus today. Instead I want to focus on the incorrect assumptions many seem to have about the amount of money they need to make available in their budget to ... Read More »

              Fidelity Land Trust Sued to Give Title Back to Homeowner

              a_kick_in_the_nuts

              Kimberly Miller with the Palm Beach Post is reporting at least one homeowner is suing Fidelity Land Trust. “Kenneth and Joycelin Morgan filed a lawsuit last week against Fidelity Land Trust Co. and affiliated firms, saying they thought they were signing up for help reducing their mortgage amount but instead were deceived into a contract that cost them $5,000 upfront, ... Read More »

                Rental History Credit Bureaus Warned by FTC

                ftc

                The Federal Trade Commission has warned the operators of six websites that share information about consumers’ rental histories with landlords that they may be subject to the requirements of the Fair Credit Reporting Act (FCRA). The letters inform the recipients that if they meet certain criteria, namely collecting information on tenants and their rental history and providing that information to ... Read More »

                  The Universal Secret to Dealing With Debt

                  Big Scam Dog

                  For years I’ve asked people in debt this simple question, “Do you have a greater responsibility to fix the past or fix your future?” It appears Socrates beat me to the punch and asked the same question of people millennia ago. It seems this question of logical responsibility is one we’ve been asking since nearly forever, yet people in debt ... Read More »

                    What Repaying Your Debt Will Cost You in Retirement – Calculator

                    What Will Debt Repayment Cost You in Retirement?

                    This calculator demonstrates the future retirement financial loss you may experience when electing to repay your debt with an extended repayment program offered by creditors, credit counseling or debt settlement, rather than intervene on your debt with solutions like bankruptcy which terminate the debt quickly and allow you to resume saving again for retirement. Calculate how much repaying your debt ... Read More »

                      How Not to Get Scammed by a Mortgage Loan Modification Company

                      scammer

                      It’s easy to make you a victim and rip you off with a loan modification. People are willing to believe the wild claims companies make about being able to cut your loan balance or slice your interest rate. It sounds so good when the salespeople are pitching you. If you received a postcard or letter in the mail claiming you ... Read More »

                        New Documents Show Florida Land Trust, Whitestone Capital Trust, and Private Capital Trust Activities Continue

                        Mature woman confused

                        A tipster (send in your tips here) sent in a number of documents which show companies in Florida are continuing to market land trusts. This is particularly interesting since Fidelity Land Trust was sued and given a Temporary Restraining Order in September, 2012 to cease all business. I’m going to post the documents I received below and we shall see ... Read More »

                          Debt Collector and Debt Collection Law Firm to Pay Big for Violations

                          ftc

                          After allegedly misleading consumers into paying unnecessary fees and falsely threatening consumers with lawsuits, defendants in a debt collection operation have agreed to settle Federal Trade Commission charges. The FTC alleged in its complaint that the defendants – a debt buyer and a debt collection law firm, both based in Mississippi – violated the FTC Act and the Fair Debt ... Read More »

                            Update on Case Filed by Florida Against Fidelity Land Trust, Ed Cherry, Larry Diodato and Others

                            questions

                            Back in 2012 the Florida Attorney General filed a lawsuit to stop Fidelity Land Trust from continuing to sell services to consumers. For more information read this post. As part of that case an anonymous tipster (send in your tips here) has forwarded me a copy of the deposition of Larry Diodato from February 19, 2013. Below are excerpts of ... Read More »

                              The Ultimate Guide to Dealing With Student Loans You Can’t Afford

                              Thinking

                              More and more student loans are becoming the most problematic debt anyone can own. At some point in the past couple of decade student loans when from a leg up to financial slavery. There is a lot of information out there about how to deal with troublesome student loan debt and payments. But I thought I’d put together the ultimate ... Read More »

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