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Consumer Debt Articles

Forster & Garbus Illegally Sued Borrowers on Behalf of Citibank and Discover, Among Others

Steve RhodeJan 12, 20234 min read
Forster & Garbus Illegally Sued Borrowers on Behalf of Citibank and Discover, Among Others

The Consumer Financial Protection Bureau (CFPB) has reached a settlement in its lawsuit against law firm Forster & Garbus, LLP for illegal debt-collection practices. If approved by the court, the proposed settlement would prohibit Forster & Garbus from filing any…

Department of Education Cares So Much About Forgiving Your Student Loan Debt That They Will Start to Garnish Grandma Again

Richard FosseyJan 10, 20233 min read
Department of Education Cares So Much About Forgiving Your Student Loan Debt That They Will Start to Garnish Grandma Again

In response to the COVID pandemic, the Department of Education stopped garnishing the Social Security checks of elderly student-loan defaulters in March 2020. However, DOE will return to that practice soon–probably by midsummer 2023. In an article posted on MSN.com, Vance…

Color Me Cynical. Department of Education Statement Out of Touch on Loan Forgiveness.

Steve RhodeJan 9, 20233 min read
Color Me Cynical. Department of Education Statement Out of Touch on Loan Forgiveness.

Can we be honest for a minute? The entire issue of forgiving student loans with a one-time approach is stupid. It does not address the systemic breakdown of the cost of higher education or the realities of the BS schools…

Taxpayers Lose-Lose with Federal Student Loan Future. All Options Really Suck.

Richard FosseyJan 9, 20234 min read
Taxpayers Lose-Lose with Federal Student Loan Future. All Options Really Suck.

Last August, President Biden announced his plan to forgive between $10,000 and $20,000 in student debt to individuals who make less than $125,000 a year. He also extended the pause on making student loan payments until at least midsummer. Who…

Video podcast – The AMEX Problem

Steve RhodeDec 28, 20221 min read
Video podcast – The AMEX Problem

Listen to the Podcast You can subscribe to my podcast on any of these sites below.                    Easiest way to listen – Say “Hey Siri play Get Out of Debt Guy Podcast” or “Hey Alexa play Get Out of Debt…

Average Household Not Prepared Anymore for Money Troubles

Steve RhodeDec 21, 20223 min read
Average Household Not Prepared Anymore for Money Troubles

According to report findings, many consumers are not financially prepared for a disruption to their primary source of income, even as unemployment remains low. Nearly 37% of households report that they could not cover expenses for longer than one month,…

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