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Discover Bank Debt Consolidation Offer Review

Discover Debt Consolidation Offer 2

Is your mailbox getting stuffed with offers from creditors? Here is a recent offer from Discover Bank that appears to be a debt consolidation loan to pay off debt. In order to help people better understand the offer, I’ll break it down for you below, page by page, and point out what I think are the important points. While the ... Read More »

    Consumers in Debt Starting to Default a Bit More

    process

    Data through December 2014, released by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, continued to show an increase in default rates. The national composite posted a default rate of 1.11% in December, up four basis points from November 2014. The first mortgage default rate rose ... Read More »

      Outlook Email Migration – Scam Alert

      scam email screen

      Beware of the following email being sent out that appears to come from an official government source. The email reads: “From: Cook, Bryant D Sent: Tuesday, January 27, 2015 2:18 PM To: Cook, Bryant D Subject: Help Desk Dear Email User, Please be prepared for all systems to be offline for maintenance today. We are currently Migrating your outlook account ... Read More »

        UK Individual Voluntary Arrangements to Set Record

        UK IVA

        By Andrew Smith Last year I predicted it would be a record year for IVAs. There had already been more than 40,000 Individual Voluntary Arrangements, the most-used personal insolvency procedure in England and Wales, in the first nine months of the year and here at ClearDebt we were pretty confident the total for the year would top 50,000. Well, on ... Read More »

          Pay Off Debt A Growing Canadian and U.S. Concern

          Pay Off Debt searches in Canada

          According to a HuffPo article, it seems our friends in Canada are beginning to worry a bit more about their personal debt levels. Data by Google shows the search term Pay Off Debt has been trending for Canadian searchers. From the looks of the chart though it is an on again, off again interest for Canadians who have hit a ... Read More »

            Fake IRS Agents Fooling People Out of Money. Hang Up.

            man terrifying woman

            A friend recently got a call from someone posing as an IRS agent. The “agent” gave a badge number and said she owed money. There’s only one problem, it was all a scam. The Federal Trade Commission is reporting an exploding number of complaints are pouring in about calls from fake IRS agents that want you to send them money. ... Read More »

              The Moral Hypocrisy of Avoiding Bankruptcy. It’s Good Enough for Your Church.

              the truth smaller

              Having lived through bankruptcy myself I find it very interesting to observe the camps of bankruptcy lovers and haters. Admittedly I was once in the avoid bankruptcy camp because I just wasn’t well prepared for the experience and didn’t have the right frame of mind. But recent news of the Catholic church filing bankruptcy yet again to deal with claims ... Read More »

                To Coupon, or Not to Coupon. My Wallet Wants to Know.

                Many Coupons With Scissors XXXL

                To coupon, or not to coupon. They try to suck me in with all their buzz words. Double and triple coupons, points towards free gas, 2/$5 and 10/$10. It’s hard not to get lured in by the coupon pushers who want you to subscribe to their clipping service, or the desperate newspaper salesman trying to guarantee you will save more ... Read More »

                  Republican Senator Tells Hospitals to Stop Suing Poor People

                  It might not be right but it is what it is. Debt collectors and others know how to get you to do what they want by pushing your fear buttons. They do it because it works.

                  by Paul Kiel, ProPublica, and Chris Arnold, NPR, Jan. 22, 2015, 5 a.m. This story was co-published with NPR. Sen. Charles Grassley said nonprofit hospitals could be breaking the law when they sue poor patients over unpaid bills and issued a stern warning to one Missouri hospital that he hopes reverberates nationwide. Citing a ProPublica and NPR report, Grassley, R-Iowa, ... Read More »

                    FTC Reviews Credit Report Dispute Process and Reaches Conclusion

                    credit good

                    The Federal Trade Commission has issued a follow-up study of credit report accuracy that found most consumers who previously reported an unresolved error on one of their three major credit reports believe that at least one piece of disputed information on their report is still inaccurate. The congressionally mandated study is the sixth and final study on national credit report ... Read More »

                      FTC Calls Debt Collector Commercial Recovery Systems, Bullies

                      ftc

                      The Federal Trade Commission has issued a complaint against a Texas-based debt collection operation and its current and former principals for illegally threatening consumers with false claims that unless they pay a debt, they will face legal action or wage garnishment. The complaint was filed in federal court on the agency’s behalf by the Department of Justice. “When it comes ... Read More »

                        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 »

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