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Debt Articles

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

                      news2

                      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 »

                        My Student Loan Relief – Review. Are They a Scam?

                        Audit Stamp Shows Financial Accounting Examination

                        Company Name My Student Loan Relief Our Impression of What the Company Offers to Consumers The site is vague on details and who is responsible for the site. Address Unable to locate. Not listed on site. But request for information through site lead to response from: The Credit & Banking Law Group 2201 NW Corporate Boulevard Suite 205 Boca Raton, ... Read More »

                          Farmer Decides to Settle Her Own Debt Instead of Using U.S. Legal Service Group

                          flemish cow in the field

                          The article below was contributed by a site reader who wanted to share their path out of debt. I really want to be a good advocate on helping others around me with the same situation as it goes very deep, but even in my darkest time, I am no quitter and was bond to see this whole process through. I ... Read More »

                            Practical Debt Relief Student Loan Program – Review. Are They a Scam?

                            Audit Stamp Shows Financial Accounting Examination

                            Company Name Practical Debt Relief Our Impression of What the Company Offers to Consumers The Practical Debt Relief website student loan page seems entirely confusing to the average consumer. The page top is about student loans but the examples given are for debt settlement. Then they launch back into student loan information. The disclaimer on the bottom of the page ... Read More »

                              Professional Student Loan Solutions – Review. Are They a Scam?

                              Audit Stamp Shows Financial Accounting Examination

                              Company Name Professional Student Loan Solutions Our Impression of What the Company Offers to Consumers Our researcher was able to get information from this company much easier than from other companies. I do have to give them props for sending the client agreement and fees without forcing consumers through hoops. A positive sign. The email they sent said: “Our website: ... Read More »

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