Latest Posts
Home > Debt Articles (page 5)

Debt Articles

The Best Way to Budget for Home Improvements and Renovations

Toolbelt-On-Handyman

A lovely reader asked me recently how to best budget for a home improvement project. She is in the middle of dealing with the garage addition to her property she wanted to know if early financial surprises in the project would be an indication of later pocketbook misfortune. Well it turns out I happen to know a very knowledgeable fellow ... Read More »

    For Nonprofit Hospitals Who Sue Patients, New Rules

    medical-bills

    by Paul Kiel ProPublica, Jan. 15, 2015, 10:33 a.m. Last month, ProPublica and NPR detailed how one nonprofit hospital in Missouri sued thousands of lower income workers who couldn’t pay their bills, then seized their wages, all while enjoying a big break on its taxes. Since then, the IRS has released long-awaited rules designed to address such aggressive debt collection ... Read More »

      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 »

                                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.