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How Not to Get Scammed by a Mortgage Loan Modification Company


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


      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


        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


          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 »

            The Hidden Real Cost of Credit Counseling and Debt Settlement


            With a more uncertain future for those headed towards retirement it makes logical sense that we need to make preparing for our own retirement a priority in our lives. All indications are there will be less financial help available for us when we do eventually retire and that will most likely be later than most expect. So considering the importance ... Read More »

              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

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                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


                  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


                          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 »

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