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Debt Articles

Maybe You Should Not Go to College

Praying

I hear all the arguments about the value of a college education. And I agree with much of that. But the fact is not everyone who goes to college and takes on student loan debt graduates or even graduates into a field that pays enough to service the student loan debt. In fact 75 percent of people with student loan ... Read More »

    6 Ways to Not Be a Broke Ass American After Kicking Your Debt

    retirement Paul Revere

    I spend almost all of my time focused on helping people to get out of debt. But today I wanted to take a moment and focus on what to do once that crisis has passed and I’ve added a new section about life after debt to my free guides on dealing with debt. Let’s talk about the power and necessity ... Read More »

      How to Pay Off a Shitload of Credit Card Debt

      happy woman in wheelchair outdoors beach showing victory sign

      How to Pay Off A Mountain of Credit Card Debt (via Credit.com) Credit card debt is a big problem in America today. One recent study found that 1 in 4 people have more credit card debt than savings. Households with credit card debt on average have about $15,000 in debt, and that makes it incredibly hard to make ends meet ... Read More »

        Foreclosure Rescue Scammers Plead Guilty to Fraud

        White Collar Criminal

        The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) today announced that Mark S. Farhood, 49, formerly of San Diego, Calif., and Jason S. Sant, 37, of Lecanto, Fla., pleaded guilty on Friday to conspiracy charges in connection with their operation of a nationwide online foreclosure rescue scam that went by various names, including Home ... Read More »

          Ways to Build Credit Without Relying Solely on Credit Cards

          Debtstar

          For those who prefer to pay with cash and avoid the credit card debt cycle altogether, building a solid credit history and high FICO score can be a challenge – but it doesn’t have to be. Only a small portion of your FICO score is based on having and using revolving credit. The first step is to understand what goes ... Read More »

            How Installment Lenders Put Borrowers in a World of Hurt

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            by Paul Kiel ProPublica This story was co-produced with Marketplace. Listen to their coverage. One day late last year, Katrina Sutton stood at a gas pump outside Atlanta and swiped her debit card. Insufficient funds. But that couldn’t be. She’d been careful to wait until her $270 paycheck from Walmart had hit her account. The money wasn’t there? It was ... Read More »

              I Suggest Bankruptcy Too Often, So Say Some

              process

              I really do read all the comments, all the Twitter messages you send me and appreciate the feedback. Over time a common statement I get is about my recommendations is that people think I suggest bankruptcy too often. For more information on this topic, please see all the links in my free guide about how to deal with debt. So ... Read More »

                The Student Loan Help Center – Review. Are They a Scam?

                medical-bills

                Company Name The Student Loan Help Center Our Impression of What the Company Offers to Consumers Student loan assistance help for a fee. Address 2634 Cypress Ridge Blvd. Suite 104 Wesley Chapel, FL 33544 Additional Contact Information Phone: 866-945-2201 Company Description “We offer Federal Student Loan Consolidation Services. Our Financial Counselors will work with you to maximize your savings and ... Read More »

                  Student Debt Relief studentdebtrelief.us – Review. Are They a Scam?

                  Audit Stamp Shows Financial Accounting Examination

                  Company Name Student Debt Relief Our Impression of What the Company Offers to Consumers Advance fee student loan assistance programs. Address 151 NE 5th Ave #401 Delray Beach, FL, 33483 Comes back as an apartment. – Source Additional Contact Information Phone (866) 921-8053 Web info@studentdebtrelief.us www.studentdebtrelief.us Company Description “We offer individuals, seeking to consolidate or lower their monthly student loan ... Read More »

                    California AG Sues Over Chase Credit Card Collection Activity

                    fist

                    Attorney General Kamala D. Harris yesterday filed an enforcement action against JPMorgan Chase & Co. (Chase) alleging that the bank engaged in fraudulent and unlawful debt-collection practices against tens of thousands of Californians. The suit alleges that Chase engaged in widespread, illegal robo-signing, among other unlawful practices, to commit debt-collection abuses against approximately 100,000 California credit card borrowers over at ... Read More »

                      WTF! There’s a Judgment on My Credit Report

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                      Help! I Found a Judgment on My Credit Report (via Credit.com) It’s scary enough to owe money you can’t pay back, but what may be even worse is finding out that you have already been sued for a debt, but didn’t even know it. Mark wrote on the Credit.com blog: I received a letter stating there was a judgment against ... Read More »

                        Why Student Loans Can Keep You From Buying a Home

                        robbery

                        How Student Loans Can Keep You From Buying a Home (via Credit.com) As student loans take on an increasing presence among the 20-something generation of college graduates who have traditionally made up a high proportion of first-time homebuyers, the impact of student loan debt on a mortgage application becomes increasingly important — especially as about two-thirds… Read More »

                          Get Out of Debt Guy Meetup Group. It’s Free! – Info / Join

                          thumb up

                          I’ve started a new free outreach through Meetup.com and have created both a local and virtual support group meeting. There is no charge to participate and no products or services are sold. This is just an opportunity for me to help people in person and online through our virtual meeting. You Are Not Alone No matter what debt situation you ... Read More »

                            Nonprofit Mpowered Appears to Mislead Consumers

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                            A Facebook friend brought Mpowered to my attention and asked me about them. Mpowered was formerly Community Credit Counseling Services and is located in Colorado. The person wanted to know what I thought of their program. Since I have no personal knowledge about the solutions they offer I had to go to their website and rely on what they have ... Read More »

                              How Debt Settlement Employees Can Avoid Long Jail Time

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                              Yesterday a U.S. Attorney announced criminal charges against debt settlement company owners and employees for fraudulently selling debt relief services to consumers in financial trouble. The Indictment laid out a pattern of activity that many inside debt settlement companies will recognize, if they swivel their chair around. Sadly, what has been assumed to be the normal way to run a ... Read More »

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