Latest Posts
Home > Debt Articles (page 50)

Debt Articles

Military Members to Get Temporary Extension of Financial Protections

Meeting with Pusht-e Rod leadership

Effective February 2, 2013, military service members will have greater protection from foreclosure. Under the Servicemembers Civil Relief Act, active duty military personnel were protected from a foreclosure or repossession made during the military service or within 9 months thereafter. This protection is being extended from 9 months to one year and will revert expire on December 31, 2014. Beginning ... Read More »

    Some Colleges Agree to Put Students First in Financial Aid Disclosures

    Screen Shot 2012-11-19 at 11.02.03 AM

    The Consumer Financial Protection Bureau and the Department of Education have announced that a number of colleges have agreed to begin offering their students a clearer and simpler statement on financial aid in order to provide prospective students with more information to use to make informed decisions regarding costs. Unfortunately some colleges have only agreed to provide this information to ... Read More »

      Energy Assistance Available to Pay for Heat and Repairs

      OCS-logos-liheap

      You might not be aware of a federal program that provides assistance for costs associated with home energy bills and the weatherization of homes or energy related minor home repairs. The LIHEAP (Low Income Home Energy Assistance Program) provides about $3.5 billion in assistance to families across the United States. LIHEAP is designed “to assist low-income households, particularly those with ... Read More »

        CrediSure America is a Scam Says FTC

        983041-police-crime-scene

        The Federal Trade Commission is warning consumers about CrdiSure America which operates a site at ftcrefund.com which just whet online recently. The site attempts to sell a $399 credit repair blog and asks consumers for their bank information in order to get a refund due from the FTC for an imaginary refund due. The site describes themselves by saying: Our ... Read More »

          National Relief Hotline – Not What You Think

          IMG_0144-private

          Early this morning I was watching television when the same commercial for National Relief Hotline began running over and over. It caught my attention. It’s important for consumers who see the commercial for National Relief Hotline to understand what exactly it is. The commercial promotes the company can assist consumers who are dealing with: Foreclosure Denied Loan Modification Missed Mortgage ... Read More »

            FTC Crackdown on Get Rich Quick, Work From Home, and Biz Op Schemes, Sends Message

            doj_finance

            Who thinks screwing consumers is a smart thing to do. Only the scammers. The Federal Trade Commission is concentrating efforts to protect consumers from fraudulent business opportunity programs and stomping on some of them very hard. As part of a coordinated attack on deceptive or bogus business opportunity programs, stated and federal agencies have been participating in Operation Lost Opportunity. ... Read More »

              They Help Families Who Owe Too Much – Credit Counseling 1966

              They Help Families Who Owe Too Much

              Another look back in the history of credit counseling and debt relief help. After you read the article, be sure to check the original publication date at the bottom to see how many decades these same problems have been a problem for consumers. What is interesting is how credit counseling in 1966 would engage in debt settlement in order to ... Read More »

                Consumer Credit Counseling Settles Debt on 50% of its Clients – 1968

                Screen Shot 2012-11-14 at 1.52.41 PM

                As a student of debt history I’m probably one of those odd geeks that spends time reading outdated and arcane material about consumer debt and debt relief activities. Recently I sat down and read a 1968 document put out by the NFCC. Today they are called the National Foundation for Credit Counseling but back then they were the National Foundation ... Read More »

                  Citi Price Rewind Program. Good Deal or Something to Avoid?

                  Screen Shot 2012-11-13 at 2.23.38 PM

                  Citi has just announced a new program called Price Rewind. On a quick glance it looks like an interesting concept. It’s billed as free service for Citi Card holders who register to let the autmated system hunt for cheaper prices on products they’ve purchased using the card. If a lower priced item is found within 30 days from purchase you ... Read More »

                    Chapter 2 – What Your Money is Trying to Tell You

                    thepath-95x150

                    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

                      Screen Shot 2012-11-13 at 11.57.34 AM

                      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

                        Screen Shot 2012-11-13 at 11.46.46 AM

                        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

                            Screen Shot 2012-11-10 at 4.55.05 PM

                            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

                              Screen Shot 2012-11-10 at 5.25.04 PM

                              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 »

                                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.