Latest Posts
Home > Debt Articles (page 51)

Debt Articles

Florida Legal Advocates Sends Deceptive Fax Offering Debt Relief

Screen Shot 2012-10-22 at 1.36.51 PM

February 18, 2013 – We received a statement from a Heidy Barrios who states their company, Florida Legal Advocates, LLC is NOT the company that sent the fax. A great reader sent in a copy of a fax that was received from Florida Legal Advocates which claims to be located in Florida at a Jacksonville office. The offer appears to ... Read More »

    MBNA UK Offers 20 Month 0% Credit Card. U.S. Consumers – NOPE

    Screen Shot 2012-10-22 at 11.21.08 AM

    Bank of America’s UK subsidiary MBNA has announced a new low-fee MBNA Platinum Credit Card is available for UK consumers exclusively on MBNAs UK website. New customers will receive 20 months at zero per cent interest on balance transfers with the new card, as long as they are made within the first 60 days of opening an account. – Source ... Read More »

      Irish Mortgage Holders Organisation Hopes to Mirror U.S. Credit Counseling?

      Screen Shot 2012-10-22 at 11.06.36 AM

      A recent article in in the Irish publication Kiklenny People talked about a new Republic of Ireland charity, Irish Mortgage Holders Organisation. The group, founded by David Hall, a man with a long line of charitable endeavors, including an ambulance service and Make-A-Wish group, aims to provide better assistance for Irish consumers facing mortgage problems. The landscape in the ROI ... Read More »

        Jnana Jyothi Financial Literacy and Credit Counselling Trust Announces Financial Literacy Scheme

        Jnana Jyothi Financial Literacy and Credit Counselling Trust jointly sponsored by Syndicate Bank and Vijaya Bank, and created in concordance with the model system of Reserve Bank of India on October 20, 2010 has completed two years of service. The Trust so far has opened 32 centers in 25 districts in India, of which 14 centers are in Karnataka, five ... Read More »

          UK Doorstep Debt Collector Dragged to Car and Robbed at Knife Point

          Screen Shot 2012-10-21 at 3.46.03 PM

          Last week a UK door-to-door debt collector was targeted and robbed with a knife held to her side. The Manchester Evening News is reporting the woman had just left a house and was on the way back to her car in Duchess Street in Shaw at about 8pm on Friday October 12 when she was confronted by a man who ... Read More »

            South Africans Finding it Tough to Save Money

            Ready to Collapse

            People in South Africa are finding it tough to save money as many people are around the world. The latest saving rate published by the South African Reserve Bank found the national rate of savings as a percentage of GDP has declined. It appears that while households hold on to the 1.7 percent savings rate, household debt increased as more ... Read More »

              People Finding Success in Fighting Back Against Credit Card Lawsuits

              Ready to Collapse

              “All debt collection is under the microscope,” said Chris DeRitis, Ph.D., a consumer credit expert at Moody’s Analytics, a West Chester economic research and consulting firm. “A lot of this debt gets traded three, four or five times. It’s a messy business.” The issue has similarities to abuses in the foreclosure process that led to the 2010 “robo-signing” scandal, in ... Read More »

                Bankruptcy Filers Eligible for New Mortgages in as Little as One Year

                For those who have declared bankruptcy, it may feel as though you’re on financial probation for up to 10 years, since that’s how long a bankruptcy can stay on your credit report. However, mortgage borrowers could be eligible to apply for a home loan in as little as one year following a bankruptcy. “If you filed Chapter 7 bankruptcy, which ... Read More »

                  Rich Dad, Poor Dad, Robert Kiyosaki Company Files Chapter 7 Bankruptcy

                  In this age of people still claiming bankruptcy has some sort of stigma, you’ve got to winder why it’s a smart move for companies but a perceived bad move for consumers. Recently, Robert Kiyoskai, the author of the Rich Dad, Poor Dad series found that for one of his companies, bankruptcy made sense. According to reports, Kiyosaki’s company, Rich Global, ... Read More »

                    Load Me Up on Payday Loans Say Some UK Residents

                    Ready to Collapse

                    Consumer Credit Counselling Service of the UK is reporting they are seeing more people with multiple payday loans who are contacting them for help. So far in 2012 they say about 2,000 clients have contacted them with five or more payday loans. The numbers got higher, 173 had ten or more as compared to 42 in 2009. With purse strings ... Read More »

                      Doubts Spread About Independent Foreclosure Reviews

                      Ready to Collapse

                      by Paul Kiel ProPublica The idea behind the Independent Foreclosure Review seems simple. During the peak of the foreclosure crisis, the banks broke laws and made errors that hurt homeowners. In response, the government mandated they compensate the victims. But there is growing evidence some banks are playing a major role in identifying the victims of their own abuses, raising ... Read More »

                        OCC Banking Enforcement Actions 8-27-2012 to 10-1-2012

                        Ready to Collapse

                        Cease and Desist Orders District Of Columbia 2012-214 Independence Federal Savings Bank, Washington 8/27/2012 Montana 2012-215 Bank of The Rockies, National Association, White Sulphur Springs 8/30/2012 Utah 2012-212 American Express Bank, FSB, Salt Lake City 10/1/2012 Civil Money Penalty Orders Arkansas 2012-216 Marvin Sutterfield, Ozark Heritage Bank, National Association, Mountain View 8/10/2012 Utah 2012-213 American Express Bank, FSB, Salt Lake ... Read More »

                          More Consumer Debt in Namibia is Falling Delinquent

                          Screen Shot 2012-10-19 at 12.39.38 PM

                          According to reports out of Namimbia, consumer loans as falling more and more delinquent. Namibian banks are reporting more non-performing loans. Consumers in Namimbia have experienced the same issues that others have, like the U.S. Consumers there were said to lived beyond their means and are no longer able to support their debt payments as they once were able to. ... Read More »

                            Freedom Financial Network & Freedom Debt Relief to Refund Almost All Clients Under Settlement

                            Thanks to a reader who alerted me, I discovered Freedom Financial Network, Freedom Debt Relief, Global Client Solutions, Rocky Mountain Bank and Trust, Andrew Houser and Bradford Stroh have agreed to settle a lawsuit filed against them and refund millions in consumer fees. According to the agreement, people eligible for refunds of fees paid include “(i) were customers of any ... Read More »

                              Get Out of Debt Site Helps Attorney Lauren Womack Uncover Alleged False Use of Her Name for Selling Mortgage Modification Services

                              Screen Shot 2012-10-19 at 11.25.50 AM

                              It appears that as a result of a reader posting a complaint on this site, Attorney Lauren E. Womack learned that she was a victim of identity theft. As she says in her letter, “In 2011, I was a victim of identity theft in which my name was fraudulently used, without my permission or authorization, to solicit clients for mortgage ... 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.