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Obama or Romney: Which One is Better for Debtors

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With the 2012 presidential election coming up and the choice left to either sitting President Barack Obama or Republican nominee Mitt Romney, anyone concerned about their personal finances might want to look at the positions of the two candidates and factor that into their voting strategy. Over the past four years the Democrats, and President Obama have been pushing for ... Read More »

    Why Enrolling in a Credit Counseling Program Can Hurt Your Credit Score

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    I keep seeing information around the web by credit counseling companies saying that enrolling in a credit counseling program does not hurt your credit score. I believe the reason they say this is because the enrollment into the credit counseling program is not viewed as a negative entry in the calculation of the credit score. But the statement that placing ... Read More »

      Payday Lenders Get Consumers Tossed in Jail in St. Louis

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      Just when you though we were done with the foolishness of spending local government money to assist debt collectors, a loophole in Missouri allows creditors to have consumers tossed in jail. Now don’t get too worried, this is happening because people are missing court dates. But consumers are also being setup for this as well. The Bill of Rights in ... Read More »

        World Law Debt Allegedly Sends Mailer That Leads to This Horrible Sales Call and Apple Law Group. Listen.

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        A reader received the following mailer and was concerned about the promises made. You know, at some point, after years of covering these things it feels like it will never end. It’s just one deceptive and misleading mailer sent after another. I begrudgingly picked up the phone and called the number on the “Resolution Pending” mailer and it was answered ... Read More »

          Here’s Why a 401(k) Loan to Pay Off Debt Can Cost You a Massive Amount in Retirement

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          Over the years I’ve been asked time and time again about if a 401(k) loan is a good idea to take out to pay off debt. I typically say the same thing, in most cases it makes no sense to touch the money in the 401(k) that is protected from creditors if you can qualify for a chapter 7 bankruptcy. ... Read More »

            Debtors to be Posted on Facebook to Shame Them Into Paying

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            I’m sorry, this proposal by the city of Farmington, Mississippi seems so wrong. According to the local newspaper, the city is exploring the public shaming of debtors through presumably the city Facebook page, which by the way, blows. – Source The town apparently believes that even if the person named does not see the Facebook mention, others will see it ... Read More »

              Upcoming Katie Couric Talk Show Looking for Financial Infidelity Guests

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              Nationally Syndicated Talk Show is planning a show that will focus on financial infidelity. They are looking for a couple whose marriage is suffering because of one spouse over-spending or keeping the severity of their debt a secret. They are planning on doing a house call to this couple’s home with a famed relationship expert and offering them help from ... Read More »

                This Could Explain Why Saen Higgins and His Wealth Without Risk Commercials Have Vanished

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                The Federal Trade Commission has just announced a massive settlement granted by the U.S. district court in their action against John Beck’s Free & Clear Real Estate System, John Alexander’s Real Estate Riches in 14 Days, and Jeff Paul’s Shortcuts to Internet Millions. Higgins appears to be tied together with this lot through the close relationship with the underlying company ... Read More »

                  Ward Indicted for Fraud and and Identify Theft in Nationwide Foreclosure Rescue Scam

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                  Federal authorities have charged a former Los Angeles man with aggravated identity theft and having operated a foreclosure-rescue scam in Southern California and elsewhere that promised to postpone foreclosure sales for more than 800 distressed homeowners. Glen Alan Ward, 47, of Canada, was indicted today in the Central District of California on two counts of bankruptcy fraud, one count of ... Read More »

                    Reader Sends in Deceptive Debt Relief Official Looking Mailer That Leads to World Law Group

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                    Apparently the use of deceptive marketing mailers is still ongoing. A reader just sent in a copy of a mailer they received recently that appears to be an official government looking document promising some sort of official government debt relief. The reader also said, the mailer does not identify the company. Notice it has a government seal in the upper ... Read More »

                      My Mum Took Credit Cards Out in My Name When I Was in Prison in the UK. – Bridget

                      “Dear Jon, I come from a difficult background and my mum is the person who took various cards out in my name, while i was in prison! She says it’s because she was struggling with her five year old son and was struggling to make her way up to see me on prison visits etc! Which I don’t find good ... Read More »

                        Consumer Alert: Seniors complain callers using property tax relief programs to target

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                        The Washington State Attorney General’s Office is joining the Washington State Departments of Veterans Affairs and Revenue in warning consumers about complaints they’ve received from seniors who say they’ve received calls from solicitors posing as state agents for a senior property tax relief program. The Department of Revenue learned Washington seniors are complaing that they have been contacted by solicitors ... Read More »

                          Is The Debt Answer Really Going Under as Alleged?

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                          A reader sent in a tip last week and I reached out to Global Client Solutions for a comment. The Debt Answer did not have an online contact form. That was five days ago and they still have not responded. Absent any response I will go ahead and publish the reader tip about them so any client of The Debt ... Read More »

                            Zeekler and Zeek Rewards Reps Allegedly Sought by the Now Notorious Dave Burke

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                            People keep sending me emails and posting comments that the infamous Dave Burke is making some sort of play for the Zeek MLM representatives. One commenter said, “This creep [Dave Burke] just hosted a webinar that was made to look like an official information seminar for those who got burned when another scheme (Zeek rewards) was shut down by the ... Read More »

                              Will My Girlfriend Lose Her Car I Cosigned for When I File Bankruptcy? – Marc

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                              “Dear Steve, I am divorced and have about $100k in unsecured debt due to job loss and other issues which arose in my marriage. I am just treading water with the bills (including alimony and child support) and am sinking fast. I believe I am going to have to file Chapter 7 BK as I am never going to dig ... Read More »

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