Latest Posts
Home > Debt Articles (page 81)

Debt Articles

JK Harris Former CEO Arrested

Ready to Collapse

The Post and Courier is reporting that John K. Harris, the former CEO of the tax resolution firm JK Harris, was arrested on Sunday March 11th. Apparently a contempt of court warrant had been sworn out against him and Sheriff Office deputies picked him up for a free ride to jail. More information is online here. Hat tip to the ... Read More »

    BBB Says Notorious Doug Van Arsdale Still At It With SaveMore.com

    The St. Louis BBB has issued the following statement on the reincarnation of Doug Van Arsdale from Credit Solutions of America. More than 1,000 Internet shoppers from across the nation – including dozens from Missouri and Illinois – said they never received discount coupons purchased from the Texas-based daily deal site SaveMore.com. The Better Business Bureau (BBB) says customers from ... Read More »

      Worthless Auto Warranty and Credit Card Interest Reduction Telemarkters Put Out of Business

      Ready to Collapse

      The Federal Trade Commission put a robocall operation out of the telemarketing business under a settlement resolving FTC charges that it bombarded consumers with more than two billion calls pitching a variety of products and services, including worthless extended auto warranties and credit card interest rate-reduction programs. The final settlement order against SBN Peripherals, based near Los Angeles, which did ... Read More »

        Senior Citizens Tricked Into Buying Investments on Credit Says FTC

        Ready to Collapse

        The Federal Trade Commission took action to halt a telemarketing operation that allegedly took millions of dollars from senior citizens by conning them into buying precious metals on credit without clearly disclosing significant costs and risks, including the likelihood that consumers would subsequently have to pay more money or lose their investment. The action was against Premier Precious Metals, Rushmore ... Read More »

          Non-Profit Credit Counselors Get Into the Bogus Debt Relief Mailer Business

          IMAG0137-1

          A reader forwarded me the following mailer she received. It is a spinoff of the many bogus debt relief mailers over the past few years. This mailer bears the following identification: Document NPDRA2012 Non-Profit Debt Relief Agency – Pre-Qualification Notice 800-370-9375 Credit Card Accountability, Responsibility, and Disclosure Act of 2009 Claims to be associated with a “Certified Non-Profit 501c3 Debt ... Read More »

            Bankruptcy Attorney West Palm Beach – You Should Call One

            Bankruptcy Attorney West Palm Beach

            Over the years this site has assisted several families located in West Palm Beach to get rid of their particular debt issues. Rarely will an individual seek our help and support in hopes that we will conclude they should declare bankruptcy. People reach out to our website seeking a solution that will enable them to prevent the need to file ... Read More »

              Are Wealth Without Risk Informercials an Extension of John Beck Tax Lien Systems Challenged by FTC?

              Screen Shot 2012-03-27 at 12.50.04 PM

              A reader sent me an excellent question. They wanted to know why it appeared that the Saen Higgins Wealth Without Risk infomercials appears to be an extension of a previous enterprise the FTC had sued that included the tax lien system by John Beck. The reader said: I wanted to attach for you the following FTC injunction against John Beck ... Read More »

                Bogus Debt Settlement Ads from Debt180.ca Are Disturbing

                image001

                Remember those days in the good old USA when we had all those ads promoting debt reduction services using President Obama’s picture? Now that the advanced fee services have been exported across the border to Canada it looks like the marketing ploy to use leaders and bogus messages went with it. See the ad below. One Canadian reader reported seeing ... Read More »

                  Legal Helpers Debt Resolution Poked in MN Article

                  Ready to Collapse

                  Legal Helpers Debt Resolution was the focus of a recent Minnesota newspaper article. According to the Star Tribune article, Legal Helpers Debt Resolution “did little for $10,000.” The North Mankato couple turned to Legal Helpers Debt Resolution, which agreed to negotiate with creditors to lower their debts. Over 14 months, they say, they paid the Chicago-based company $12,253, but only ... Read More »

                    Canadians Warned About Cambridge Life Solutions

                    Thicke Cambridge Life Solutions

                    The Canadian publication Maclean’s has recently published a scathing article on the debt settlement company Cambridge Life Solutions. But the underlying story here is how Cambridge Life Solutions just shifted a business model now prohibited in the United States to push on unsuspecting fun loving Canadians. But the model Cambridge Life uses is a controversial one. The United States Federal ... Read More »

                      Sameer Lakhany & Precision Law Center Halted by FTC

                      Ready to Collapse

                      At the request of the Federal Trade Commission, a U.S. district court has halted an operation that took in more than $1 million by allegedly selling homeowners bogus mortgage relief and foreclosure rescue products, including a scam that falsely promised to get help for homeowners who joined others to file so-called “mass joinder” lawsuits against their lenders. This is the ... Read More »

                        TaxMasters Locks Doors, Files Bankruptcy. Another Tax Resolution Firm Hits the Skids.

                        In the last year we’ve seen major tax resolution firms run into trouble, fold or fail. Between Ronnie Deutch, JK Harris, and now TaxMasters it’s been a bad year for the tax resolution debt relief business. Again it seemingly comes down to firms charging big advanced fees for services, spending the money, but not delivering on the services promised. This ... Read More »

                          Saving Money is Important When Getting Out of Debt

                          Ready to Collapse

                          Here is a video from Cambridge Credit Counseling that speaks directly about the need to save even when dealing with debt. I can’t stress it enough, how important it is to make saving a priority even before debt repayment. The last place you want to be is broke from spending through your savings but still in debt. It’s so refreshing ... Read More »

                            Talk Credit Radio Interview With Gerri Detweiler

                            Here is the recent interview I did with Gerri Detweiler on Talk Credit Radio. Listen to Talk Credit Radio Interview With Steve Rhode I had the pleasure recently to talk with Gerri Detweiler about a wide range of debt related issues and scams. We start out talking about identity theft, fake debt collectors, and then move into a wide range ... Read More »

                              Debt Collectors Banned for Life

                              Ready to Collapse

                              Two men who worked for an allegedly abusive and deceptive debt collection operation will be banned from the business as part of settlements reached with the Federal Trade Commission. The settlement orders against the two employees of the debt collection firm doing business as Rumson, Bolling & Associates are part of the FTC’s efforts against illegal debt collection practices. The ... 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.