Latest Posts
Home > Debt Articles (page 50)

Debt Articles

UK Woman Kills Self to Avoid Dealing With Debt Problems and Hidden Credit Card Debt

uk-lgflag

From This is Staffordshire: A mother killed herself on the day she thought bailiffs were coming to repossess her home, an inquest heard. Tina Bennett, aged 40, was found by her son Anthony, and husband Michael, at the family home in Kidbrooke Place, Blurton, on May 11 this year. She had hanged herself using the cord from two dressing gowns, ... Read More »

    Canadians In Trouble – “Half of Canadians are Living Paycheque to Paycheque”

    ca-lgflag

    For those living in the United States, while we’d like to think at time the world should revolve around us and we should be the center of everything, when it comes to mastering consumer debt, that’s not true. Consumer debt problems exist in every single nook and cranny of the earth. The early warning signs are appearing in Canada. Even ... Read More »

      Fake Bankruptcy Attorney Caught in Maryland Running Scalia & Seidel

      Screen Shot 2012-10-26 at 2.04.29 PM

      Michael mancini of Baltimore, Maryland was caught recently impersonating a bankruptcy attorney. it is reported he represented more than 50 consumers in bankruptcy before getting caught in his sham. Mancini, a high school graduate, was ordered by U.S. Bankruptcy Court Judge David Rice to pay $261,000 in fines and damages and close up shop. According to the National Law Journal, ... Read More »

        Crazy Ass Lawsuit Filed by Spire Law Group on Behalf of Consumers Against Alleged Bank Conspirators

        Screen Shot 2012-10-26 at 11.41.41 AM

        As an investigative journalist and consumer reporter I’ve read a number of lawsuits, probably in the thousands at this point. But a suit sent to me this morning by a tipster (send in your tips here) has to be among one of the strangest I’ve seen. The underlying legal foundation of the case might be sound and the Plaintiffs might ... Read More »

          Porn Debt, Stripper Debt, Sugar Baby Debt – More Financial Sexual Fetishes – Probably NSFW

          white lace panties

          I learned two important things in researching this article. The first is the large number of people that admit some part of their debt problem was related to porn or the sex trade, and, when you search for porn debt there are some very odd results. Be careful. Not long ago I wrote about the niche of financial domination. See ... Read More »

            Barnes & Noble Payment Data Compromised in CA, FL, IL, MA, NJ, NY, PA, and RI

            Photo Credit: Grilled Cheese

            The bookseller Barnes & Noble has announced that 63 of its stores were found to have payment terminals / PIN pads that had be tampered with and compromised. The announcement of the tampering says that only one PIN pad in each store was hacked. Barnes & Noble has since inspected every PIN pay pad in all of its stores. The ... Read More »

              Canada Concerned About Exploding Consumer Debt Becoming a Drag

              Ready to Collapse

              Consumer debt levels in Canada continue to grow, creating a concern for the Bank of Canada. It’s a tightrope to encourage Canadians to spend to stimulate the economy and help improve the general economy in Canada and act prudently in order not to run up household debt to problem levels. As Canadian households have engaged in a borrowing spree, Federal ... Read More »

                Student Loan Servicers Suck

                tired working woman

                by Marian Wang ProPublica, The parallels between the mortgage market and the student loan industry have been frequently noted. Both involve big borrowing and have a history of lax underwriting by lenders. But the two are also strikingly similar in another way: When it comes to both mortgages and student debt, the servicers, or companies that handle loan payments, sometimes ... Read More »

                  Consumer Cries Foul Over Mortgage Reduction Mailer

                  Screen Shot 2012-10-24 at 10.21.18 AM

                  A tipster (send in your tips here) sent in a mailer they just received from the Administrative Offices of Payment Reduction Service. Whatever that is? Their concern was that the mailer was unsolicited marketing for a mortgage they no longer have. That caused them to investigate the mailer further. The mailer does not identify who the sender is but does ... Read More »

                    TIP: Don’t Use University Credit Card to Pay for Strip Club

                    seduction

                    In what certainly feels like the most obvious advice possible, the Missouri athletics department didn’t get the memo. Michael Schumacher, the director of video operation, apparently used the university credit card to visit the “only Vegas strip club on the Strip.” It wasn’t so much the rum and coke that tripped him up, but probably the $2,000 tip on a ... Read More »

                      Bank Founded in 1472 Launches Dual Sided Credit/Debit Card. Freaky!

                      Debit Card Side of the Card.

                      Belgium bank Banca Monte Paschi Belgio is launching a split personality credit card and debit card. It’s kind of weird but very cool. The PaschiCombo card on one side has a chip and PIN Maestro debit card on it. The card also has a button on it that users can press when they want to make online purchases but need ... Read More »

                        Target Sells RedCard Credit Card Biz to TD Bank But Will Keep Servicing

                        Screen Shot 2012-10-23 at 11.52.27 AM

                        You know that Target card you have in your wallet. Not the debit card, but the credit card. Well Target has sold their book of customers and accounts to Toronto Dominion Bank (TD Bank) for a reported $6 billon. The price tag is equal to the entire amount of the amount due on the cards. The agreement does not have ... Read More »

                          Medicredit Debt Collector Allegedly Threatens Mother and Uses Social Media as Weapon

                          Screen Shot 2012-10-23 at 6.50.50 AM

                          Update 11-5-2012 We received the following correspondence from Michael A. DiMarco from MediCredit. In your October 23, 2012 blog entitled “Medicredit Debt Collector Allegedly Threatens Mother and Uses Social Media as Weapon,” you acknowledge that there might be some confusion in the identification of the exact underlying companies in the lawsuit filed. The facts are: 1. The complaint should have ... Read More »

                            Hey China, Whose Laughing Now That You’re Our Credit Card Bitch

                            Screen Shot 2012-10-22 at 5.02.57 PM

                            We hear so much in the press about how the U.S. is so indebted to China. But the U.S. is a world leader in the creation of one economic tool, debt. Typically what seems to happen is credit card marketing and products are created first in the U.S. and spread all around. From what I see, the UK was a ... Read More »

                              American’s Freaking Out About Having Enough Money to Retire

                              Screen Shot 2012-10-22 at 4.48.37 PM

                              A Pew Research study just out paints a disturbing picture of what lies ahead for many in retirement. Let me summarize the results of the report for you, half of people better start enjoying dog food. According to the survey results, about four-in-ten (38%) adults says they not confident they will have enough income in retirement. That’s up from 25% ... 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.