Latest Posts
Home > Debt Articles (page 5)

Debt Articles

Student Loan Forgiveness Scams

Signs, Road Stencils

For those looking for legitimate student loan forgiveness help it seems there are bad actors and scammers just waiting to take advantage. Some of the most ridiculous scams I’ve seen seem to circle around misinformation and bad advice for ridiculously high fees. Don’t get me wrong, it is entirely possible for have federal student loans forgiven. I personally think the ... Read More »

    Why Dave Ramsey Fans Need to Think for Themselves

    puzzled looking little boy looking to the left

    Yesterday on Facebook I posted a link about this recent article, How to Borrow Your Way Out of a Student Loan Default and Lower Your Payment. I thought the article was filled with some really important advice about how to get your federal student loans out of default and avoid being sued, having tax refunds intercepted, or wages garnished. One ... Read More »

      The Best Way to Lower Parent PLUS Loan Payments

      Moving Up

      Parent PLUS student loans sure seem like a financial death trap. Parents are encouraged to jump into them to help pay for school by taking out Parent PLUS student loans, and they think they are doing a good thing, but is it smart? What a Parent PLUS Loan Is For those that might now be aware, a Parent PLUS student ... Read More »

        Take the Free Money Personality Test to Find Out Who You Really Are

        Happy people celebrating with money raining

        I’d love to say you have complete control over how you spend money. The reality is you just don’t. Like many things in life, it is those things we can’t control caught deep in our personality that really dictate how we deal with our money. Some people are well balanced spenders but most people are out of balance one way ... Read More »

          How to Save Easy Money While Doing The Dreaded Cleaning

          Your best friends for slashing cleaning costs with homemade concoctions.

          Cleaning. It’s something we all have to face at some point. Why is it that a bottle of generic cleaner that contains who knows what tends to eat up so much of my grocery budget? I am a self-proclaimed neat freak. Ask anyone who has visited my home and they will concur. I can’t help it. I just think more ... Read More »

            How to Borrow Your Way Out of a Student Loan Default and Lower Your Payment

            The actual granular data presents a surprising reality.

            I can certainly understand why issues surrounding student loans seem like an unknown foreign language for many people. While the information is out there it seems that nobody knows what to make of it. Almost the worst place to turn for advice seems to be the student loan debt collectors. In all fairness it just might not be their job ... Read More »

              Crestmont Funding Debt Consolidation Loan Mailer Sent in by Reader

              Crestmont Funding mailer received by reader.

              An amazing reader, Shawn, sent in a new debt relief mailer through my I Buy Junk Mail program. He received a mailer from Crestmont Funding for a debt consolidation loan. Shawn wanted to point out the BBB logo was prominently displayed. According to the BBB and the State of North Dakota, the company address is 3949 Highway 8 STE 109, ... Read More »

                The Easiest Way to Stop a Student Loan Wage Garnishment – Loan Rehabilitation

                casual woman saving money

                I can’t tell you how frequently people ask me for the best advice to deal with an Administrative Wage Garnishment for a federal student loan. It’s quite often. And the tragedy is the wage garnishment could have been easily avoided. The loans should never have been allowed to get to that point because there are such good programs to avoid ... Read More »

                  NourishLife Speak Claimed to be Unfair and Deceptive Says FTC

                  Image from FTC complaint filed against company.

                  The Federal Trade Commission has just filed suit against a set of alleged life improving supplement companies claiming the advertising and claims made was unfair are deceptive. NourishLife, which also does business as SpeechNutrients, Lifenutrients, PharmaOmega, and BeneOmega, is the target of this action. At the heart of this issue is some product name Speak. According to the NourishLife website, ... Read More »

                    Three Ways I Made $3,200 in Less Than 10 Minutes. You Can Too.

                    Young man looking shocked in tablet pc

                    I write about debt issues all the time. I’ve done it for decades. Truly the best way to deal with digging yourself out of a financial hole is to adjust the balance of your money coming in and your dollars going out. It is a fact of life that every dollar saved in expenses is a dollar you don’t have ... Read More »

                      The Fine Art of Getting Out of Debt

                      change your mind

                      Having helped people with problem debt since 1994 and having lived through financial problems myself in the late 1980s, I’m always amazed how badly people manage the art of getting out of debt. When I listen to “the debt experts” it almost seems they have never lived through really bad debt problems since they miss the most critical aspect of ... Read More »

                        Illinois Revokes License of Temp Agency Check Cashing Store

                        Check - Bad

                        by Michael Grabell ProPublica, Jan. 6, 2015, 8 a.m. Illinois regulators revoked the business license last month of a check cashing store featured in a ProPublica investigation of temp agencies and labor brokers in Chicago. The revocation order is the latest in a string of government and legislative actions taken in response to a ProPublica series on the growth of ... Read More »

                          Scam Amish Heater Mailer Makes Me Curious – HS Payment Processor

                          Amish Heater Letter 3

                          Loyal readers know I typically focus on consumer debt related issues but this recent marketing piece sent to my dead mother made my blood boil. The outside of the marketing piece clearly appears to spoof an official government mailer. I think it tries very hard to trick recipients into thinking this is critical government mail, maybe from the Internal Revenue ... Read More »

                            Virginia Based Military Members Now Safer from Long-Distance Lawsuits

                            Military Flag

                            by Paul Kiel ProPublica, Dec. 26, 2014, 11:25 a.m. Federal regulators reached a settlement last week with the owners of two high-priced lenders over what they alleged were illegal debt collection practices against service members. The Virginia-based companies were featured in a ProPublica story last summer. The action by the Consumer Financial Protection Bureau, which enforces federal consumer laws, is ... Read More »

                              Be Magically Debt Free Today – The Best Christmas and Hanukkah Gift

                              Steve Rhode - Get Out of Debt Guy

                              The holiday season weighs heavily on our bank accounts. It seems there are two camps at this time of the year, those that spend to much and those that wish they could spend more. Both camps carry a common guilt. For those that overindulged on spending during the holidays, the traditional holiday hangover will arrive in January. The Post Office ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

                                You can unsubscribe at any time with just one click.

                                After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.