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How Do I Get Out of Debt Quickly? Change Your Mindset.

You don't ask the person who's house is on fire what the best way to put out the fire. You let the professional firefighters attack the blaze in an logical and rational way that will best put out the fire.

When people come to the realization they want to get out of debt fast or quickly they traditionally run into an emotional slap in the face and then want the pain of the debt to vanish – pronto! This leads them to fall for just about any old get out of debt scam or blindly believe the claims made by ... Read More »

    Good News and Bad News About U.S. Consumer Debt

    Screen Shot 2013-03-22 at 11.44.21 AM

    The census bureau has released a new report that chronicles household debt in the U.S. from 2000-2011. The good news is that fewer households are carrying some form of debt. In 2011 69 percent of households did compared to 74 percent in 2000. The bad news is that those that are carrying debt are carrying more. In 2011 dollars the ... Read More »

      Profile Defenders Wants to Charge to Bury Postings From GetOutOfDebt.org

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      A reader pointed out an interesting post on a site from a company called Profile Defenders that appears to make a claim they have some sort of control over what appears on this site. – Source Their fees for this service are upwards of $10,000. There are additional plans as well. – Source I want to make it very clear ... Read More »

        The Get Out of Debt Guy Free and Easy Credit Repair Guide

        eraser and word bad credit

        I get so tired of ads proclaiming there is some magic to credit repair and they charge an arm and a leg. Or how about the ads that claim they can get you a new alternative number to use in place of your social security number. That’s just illegal to use to apply for credit. Repair your credit with this ... Read More »

          How Do I Get Out of Debt? – Simple.

          change your mind

          Probably the most common question people ask me is “How Do I Get Out of Debt?” You would think such a simple question has a quick and easy answer. It does, and it doesn’t. Getting out of debt is actually a very easy process based in math. The numbers add up, or they don’t. Being in debt is most often ... Read More »

            JPMorgan Chase Fighting Back Against Online Payday Lenders

            payday loan

            Props to Chase Bank for their recent announcement they will be helping their customers fight back against online payday lenders. According to a report by Jessica Silver-Greenberg JPMorgan will give customer even more power to stop debits from their accounts by online payday lenders. Bank of American and Wells Fargo have no similar changes planned. While it is a great ... Read More »

              FTC Stops Scam That Charged Companies for Bogus Online Directory

              ftc

              At the Federal Trade Commission’s request, a federal judge has temporarily halted a Slovakia-based operation that allegedly tricked small businesses and non-profits into collectively paying millions of dollars to be listed in an online directory in which they had no interest in being listed and for which they did not understand they would be charged. The FTC is seeking to ... Read More »

                I’m in South Africa and My Husband Won’t Take Over the Property After Our Divorce

                cape town

                “Dear Steve, My ex husband and I were divorced on 21 May 2010. All bond and levy payments were made up to date at the time of our divorce. He was difficult and refused to sell and wanted to keep the property at the time of the divorce. My attorneys Riekie Erasmus advised that the settlement agreement be drawn up ... Read More »

                  How to Easily Stop a Social Security Wage Garnishment

                  social security card

                  I’m seeing more questions these days from people that are having their social security benefits garnished for old student loans or student loans they cosigned for. In addition I have received a few questions from people that are getting their social security garnished over old SBA loans as well. The process to stop a social security garnishment is very easy. ... Read More »

                    Nation Wide Consumer Debt Relief Took My Money and Did Not Refinance My Student Loans

                    money-torn

                    “Dear Steve, it has been over 5 months I have paid NWCDR $1500 to refinance my student loan. Nothing happened so far, and all emails I am sending them is coming back to me. Unfortunately this is SCAM….. Mr Blackmon called me in January since then no phone calls and his email address is not working. I have paid him ... Read More »

                      How to Dispute and Ask a Debt Collector to Validate a Debt

                      Return Receipt

                      If you have been contacted by a debt collector that is not the original creditor or representing the original creditor, I think it would be smart to ask the debt collector to validate the debt and prove you actually owe it if there is any doubt on your part you owe the debt. Many debts were sold to debt buyers ... Read More »

                        Do Not Avoid Bankruptcy – 14 Reasons

                        Avoid Bankruptcy Monster

                        Avoid bankruptcy is advice you will often hear in the debt relief world. Companies, from non-profit credit counselors to for profit companies use that advice, sometimes well intentioned, and sometimes just to manipulate you. Companies that use the advice that consumers should avoid bankruptcy are simply amplifying the ingrained fear and prejudice that many have about bankruptcy. But fear and ... Read More »

                          My Wife Signed Up With Student Loan Service.US and I’m Worried. – Michael

                          puzzled looking little boy looking to the left

                          “Dear Steve, I tweeted your account on twitter also. My wife and I have a good amount of student loan debt. She registered with a site she found online “studentloanservice.us” they are associated with “COASTALCREDITSOLUTIONS.COM” I cannot find any information about them. She gave them all of our banking information and they are set to charge our account on friday. ... Read More »

                            My Student Loan Relief Wants to Charge Me a Monthly Fee. – Danna

                            Magnifying Glass - Q&A

                            “Dear Steve, I called a similar agency to get help with my student loans. Initially I received a litigation letter in regard to my private student loan. They were threatening to follow through thus garnishing my wages. Upon calling “My student loan relief” they asked for my FAFSA pin, I gave it to them, she accessed my information. She proceeded ... Read More »

                              Orange County Choppers Division Files Chapter 7 Bankruptcy

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                              In another case which just shows that chapter 7 bankruptcy is an appropriate solution for many, Orange County Choppers Merchandising, owned by Paul Teutul, Sr. has filed for chapter 7 bankruptcy protection on January 21, 2013. Orange County Choppers became famous primarily to the Discovery television show that father and son as they grew the business from a basement enterprise ... Read More »

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