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AFCC Member 1st Financial Center Allegedly Sends Out Deceptive Advertisement. Consumer Calls AFCC Mailer Misleading.

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A reader just sent me a tip about a mailer they just received. The reader said, “Just wanted to forward you the attached mailing I received from American Fair Credit Council that I found to be appallingly misleading.” The message really caught my eye. For those of us familiar with the American Fair Credit Counsel (AFCC) we recognize it as ... Read More »

    Saturday St. Louis – 314 – Part 1. Scam Text Message. Watch Out. Warn Others.

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    A new spam text message is being sent out claiming you have won a prize. The message reads: Saturday St Louis – 314 – Part 1 Your entry in our drawing WON you a free $1,000 Target Giftcard! Enter “919” at target.com.dtcv.biz and we can ship it to you Sent from 918-403-9426 So here is the deceptive problem. What looks ... Read More »

      Can All Debt Relief Sales Pitches Be Believed. What About This One?

      A reader sent me an email they had received from a site Credit Card Debt Relief 4u. The email says: “After your debt defaults (about 6 months from the first missed payment) with the original creditor, it is passed onto a debt collection agency for collection. If you send that agency the right letter, your debt will likely get passed ... Read More »

        Good News on Mortgage Delinquencies. Down Again.

        Mortgage delinquency infographic

        Recent data out about mortgage delinquencies shows an encouraging sign, defaults are down again. The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) dropped for the second consecutive quarter, declining to 5.49% in Q2 2012. The mortgage delinquency rate has now dropped nearly 9% in the first six months of this year. This information ... Read More »

          Community Health Centers: Free or Low Cost Health Care is Just Waiting for You

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          Finding affordable health care is a challenge for many people, with and without insurance. People often go without necessary preventative or regular care and medical problems fester and become much worse. Much worse can be translated into much more expensive. Or people use the emergency room as their primary care treatment option, only to wind up with big bills they ... Read More »

            Consumer Survey by NFCC Shows People Are Wary About Real Help From Credit Counselors

            On one hand you have to applaud the most recent release from the National Foundation for Credit Counseling. One thumb up. On the other hand it comes across as simply just more denial about the disturbing lanscape that faces narrow niche nonprofit credit counselors. The NFCC survey was an online poll conducted on the NFCC website. Right off the bat ... Read More »

              I Am the Guarantor for My Daughter’s Car in the UK and She Can’t Pay. – Marie

              “Dear Jon, I went guardtor for my daughter for car and she cant pay for it as her circumstances have changed she had a baby and only works partime gets about 400 a month car is 293 amonth she has made agreement to lower payment but stopped paying now i am resposible but i have mobility car so i dont ... Read More »

                Will Natwest and O2 Arrest Me When I Return to the UK? – Jed

                “Dear Jon, I have a credit card debt from Natwest less than £500 as well as an O2 bill. I left the country a bit more than three years ago. I didnt receive any phone call or letter from them for the fact that i was no longer in the UK. Now i’m going back for a visit. Would I ... Read More »

                  Debt Settlement Advice for Debt Settlement Companies and Consumers – Part 7 – Recovery

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                  When consumers encounter financial difficulty, I believe it is important to review their potential solutions with the possible end results in mind. To me, the entire purpose behind debt relief intervention, is recovery. What does the consumer need to do in order to resolve their situation, so they may recover, rebuild, and become productive again? That’s the basis for every ... Read More »

                    Lesbian and Gay Couples Allowed to File for Joint Bankruptcy

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                    An article out of Kentucky brought up a point I had not thought about, filling bankruptcy as a gay married couple. The underlying issue is that with only a handful of states recognizing gay marriage, what are gay couples to do when they want to file bankruptcy together but their marriage in New York isn’t recognized by Kentucky. That question ... Read More »

                      Did You Get Ripped Off by Dave Burke? This Will Make You Puke.

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                      Dave Burke is back after having had his debt elimination scam like company shut down by regulators. You can read all about his last effort, here. Burke is back but now hyping his “business miracle” idea. He even had the balls to promote this to at least some people that got burned on his last debt elimination efforts with his ... Read More »

                        I Moved From the UK But Left Debt. Is My House in the EU at Risk? – Fedra

                        “Dear Jon, I need your advice, I have been working in the UK for 3 years , then moved back to my home country in the EU , where I have my own house., without any mortgage. I have left about 10.000 pound of debt behind me in the UK. I am just wondering if I am going to put ... Read More »

                          New Free Consumer Credit and Debt News Service Launched by GetOutOfDebt.org

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                          We’ve just finished a new section of the website dedicated to the latest news and information on a wide variety of consumer credit and debt subjects. The news section is updated around the clock and both a daily email and realtime RSS feed are available for those who want to track the latest consumer credit and debt news, as we ... Read More »

                            Bankruptcy Should Be the Last Resort Many Say. But That’s Just Not True.

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                            There they go again, “bankruptcy should only be considered as a last resort.” We’ve all heard that rumor or authoritative statement, many times. You even read it again and again in mainstream media. But here is the problem with that statement, it’s just not true. There are plenty of times when bankruptcy should be considered the first resort, not the ... Read More »

                              Summit Legal Group Loan Modification Attorney – Disbarred

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                              William O’Toole, a Florida attorney that ran Summit Legal Group that claimed to be able to save homes from foreclosure and get loan modifications, has been disbarred for at least five years. The Florida Bar stated, “William Timothy O’Toole, 120 E. Oakland Park Blvd., Suite 105, Fort Lauderdale, disbarred effective immediately, following a May 22 court order. (Admitted to practice: ... Read More »

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