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Consumer Debt Articles

Most Home Based Side Hustles Seem Like a Scam. What Suggestions Do You Have for Us From Your Penny Stupid Project?

Steve RhodeSep 30, 20225 min read
Most Home Based Side Hustles Seem Like a Scam. What Suggestions Do You Have for Us From Your Penny Stupid Project?

Question: Dear Steve, Currently looking into partial disability due to surgery earlier this year and some chronic health issues that are preventing me from working “normal jobs,” we are dependent on my husband’s income. Still, he is also dealing with…

MoneyLion Sued for Overcharging Servicemembers and Trapping Consumers in Costly Memberships

Steve RhodeSep 29, 20224 min read
MoneyLion Sued for Overcharging Servicemembers and Trapping Consumers in Costly Memberships

The Consumer Financial Protection Bureau (CFPB) sued MoneyLion Technologies, an online lender, and 38 of its subsidiaries, for imposing illegal and excessive charges on servicemembers and their dependents. The CFPB alleges that MoneyLion violated the Military Lending Act by charging…

Violations Discovered of Federal Law by Student Loan Servicers and University-Owned Lenders

Steve RhodeSep 29, 20224 min read
Violations Discovered of Federal Law by Student Loan Servicers and University-Owned Lenders

The Consumer Financial Protection Bureau (CFPB) released a special edition of Supervisory Highlights on recent examination findings covering the practices of student loan servicers, and schools that lend to students directly. The exams found that these schools had improper blanket policies…

Lyft and Amazon FBA Side Hustle Update 9-29-2022

Steve RhodeSep 29, 20225 min read
Lyft and Amazon FBA Side Hustle Update 9-29-2022

A quick update on two items that involve Lyft and Amazon FBA retail arbitrage as part of the Penny Stupid Project. Lyft Real World Side Hustle Update Damon was finally able to do his first night of driving last night…

The Inside Scoop on the Biden Federal Student Loan Forgiveness Plan From the Fed

Guest PostSep 28, 202210 min read
The Inside Scoop on the Biden Federal Student Loan Forgiveness Plan From the Fed

By Jacob Goss, Daniel Mangrum, and Joelle Scally – Federal Reserve Bank of New York On August 24, 2022, the White House released a plan to cancel federal student loans for most borrowers. In April,  we wrote about the costs and who most…

Get Out of Debt by Increasing Income With Side Hustles – The Introduction to the Penny Stupid Project

Steve RhodeSep 28, 20223 min read
Get Out of Debt by Increasing Income With Side Hustles – The Introduction to the Penny Stupid Project

Hi, this is Steve Rhode, your Get Out of Debt Guy from GetOutOfDebt.org. Moving forward, you will hear more podcasts from me about a project I’m working on named Penny Stupid. Getting out of debt can be tackled with several…

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