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Chapter 2 – What Your Money is Trying to Tell You

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Chapter 2 – What Your Money is Trying to Tell You The truth about money is that money is a thing. The leaves left in your gutters could have more value and worth if we all agreed they do. Money is just paper, metal or virtual credit in a computer. The truth about money is that if you think you ... Read More »

    Time Running Out for Free Foreclosure Review and Possible Compensation

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    People who were foreclosed on in 2009 and 2010 may be eligible for financial compensation from a settlement fund a number of banks have participated in. The problem is that with a December 31, 2012 deadline to get claims in for review, many may not be aware of this program. According to the official website for this program, independentforeclosurereview.com, “The ... Read More »

      Rhode Island Warns Consumers About Debt Management Companies

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      A story out of Rhode Island from WPRI News warns consumers about debt management companies that use local attorneys to help represent consumers in their programs. The Rhode Island Attorney General refers to the practice of being assigned a local attorney from a national debt relief company, as “ghost writing.” “”It started to get really odd when I was served ... Read More »

        Debt is the Symptom, Not the Problem

        The stomach ache is the symptom, not the problem. What is causing the stomach ache?

        Now here is a point many in the debt world get totally wrong. They assume that the debt someone has is the problem. That’s not true. In fact the debt is the byproduct of another event and like losing partial vision in one eye, it’s the symptom of a greater underlying issue. If the focus is on the debt itself ... Read More »

          Premature Occupy Wall Street Group Effort Wants Consumer Debt to Vanish with Rolling Jubilee

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          The Occupy Wall Street initiative has come up with a plan to make consumer debt vanish. Instead of fighting the system they’ve decided to participate with something called the Rolling Jubilee. Organizers are buying up consumer debt for pennies on the dollar and instead of collecting on it they are forgiving it. Kind of an interesting idea I must say. ... Read More »

            FTC Sues Companies and Alleges Violation of Business Opportunity Rule

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            Documents recently unsealed by the court show that on November 6, 2012 the Federal Trade Commission filed suit and asked the court for a Temporary Restraining Order to seize assets of American Business Builders, ENF, Network Market Solutions, UMS Group, United Merchant Services, Universal Marketing and Training, Unlimited Training Services, Shane Michael Hanna, Shane Michael Romeo, and Stephen Spratt. This ... Read More »

              Ed Cherry Offers Two Comments to Defend Himself

              This site has received two comments and documents from someone who allegedly identifies themself as Ed Cherry. Past posts that included Ed Cherry can be found here. Tip 1 You are monitoring the content from a commercial forum wherein some anonymous poster posted a statement that “Ed Cherry embezzled 600k from iBill”. In reality it was $3.4 million that was ... Read More »

                MoneyGram Admits It Aided in Money Laundering

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                WASHINGTON – MoneyGram International Inc. – a global money services business headquartered in Dallas – has agreed to forfeit $100 million and enter into a deferred prosecution agreement (DPA) with the Justice Department in which it admits to criminally aiding and abetting wire fraud and failing to maintain an effective anti-money laundering program, as charged in an information filed today ... Read More »

                  Chase Bank Alleged Fraud Executive Responsible for Foreclosure Victim Compensation

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                  by Paul Kiel ProPublica An executive who the Justice Department says facilitated a scheme to defraud Fannie Mae and Freddie Mac is now spearheading JPMorgan Chase’s role in the government’s program to compensate victims of the big banks’ abusive foreclosure practices. The executive, Rebecca Mairone, worked at Countrywide and Bank of America from 2006 until earlier this year, when she ... Read More »

                    HSBC Decides to Participate With Standard Chartered Bank in UAE Debt Settlement Fund

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                    HSBC bank in the United Arab Emirates has elected to participate in a plan to settle or write off debts owed by UAE citizens. Until now the ability for people to deal with their debts in the UAE without going to jail, has been limited. And while this approach to assisting people with problem debt in the UAE is a ... Read More »

                      Welfare and Benefit Fraud Statistics Show a Disturbing Pattern

                      Food stamp or SNAP fraud seems to at relatively low measured levels.

                      For some reason I’ve been getting a lot of questions and statements from people that feel that there is a tremendous amount of benefit or welfare fraud taking place. Is there fraud in benefit systems? Without a doubt I’m positive there is. But the level of welfare or public benefit fraud is a much disputed figure. So to find out ... Read More »

                        Bankruptcy Filings Down in 2012. Continued Bad News for Debt Relief Industry.

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                        The latest statistics out from the United States Courts show that bankruptcy filings are dropping. That’s good news for consumers and bad news for companies that sell debt relief services. According to filing data, the number of non-business bankruptcy filings for the same year-on-year period ending September 30 has significantly dropped. Chapter 7 bankruptcy filling dropped from 1,036,950 to 874,337. ... Read More »

                          Morgan Drexen Threatens This Site to Remove Links

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                          I can only assume that Jennifer Hamlin from Morgan Drexen did not intend to threaten this news site, but that’s exactly what happened with this email we just received. “Please remove any and all links to morgandrexen.com or www.morgandrexen.com from www.getoutofdebt.org and any other websites you are in control of that link to our website. The following URL is containing ... Read More »

                            Debt Survival Bible – Three Months After a Natural Disaster

                            Sometimes the financial recovery from a natural disaster can seem impossible.

                            Hopefully your life and financial life have recovered by now from the natural disaster you lived through. If not, then we’ve got some work to do and if your income has not returned to pre-disaster levels we need to start thinking about dealing with your current debt levels. As I’ve said before, the ability to restore your income is of ... Read More »

                              Debt Survival Bible – One Month After a Natural Disaster

                              Things don't get fixed overnight after a disaster. These things take time.

                              If you are reading this then it might have been a month since you experienced a major life disaster. Maybe it was a natural disaster like a flood, earthquake, or big storm. A lot has surely happened in the last month. Maybe you are back in your home, it’s badly damaged, or it was destroyed. I’m assuming though that if ... Read More »

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