Consumer Debt Articles
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…
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…
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…
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…
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…
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,…
Debt Relief Industry
Litigation Practice Group just posted a court document that revealed something very informative for consumers. According to this document, “LPG is a named defendant in ten litigation matters – and a potential defendant in the eleventh matter. Ten of the…
The attorney, Jason Gardner, representing Carolyn Beech in a suit against Litigation Practice Group appears to be over LPG, claiming they are dragging their feet on dealing with the issues. In Beech vs. Litigation Practice Group (1:22 cv 57 -…
The Federal Trade Commission announced today that it is exploring a rule to crack down on junk fees proliferating throughout the economy. Junk fees are unnecessary, unavoidable, or surprise charges that inflate costs while adding little to no value. Consumers…
It appears the Federal Trade Commission is preparing to target fake reviews. I’ve seen my share on many debt relief sites, so this would be an excellent time to look at what your site might say. The Federal Trade Commission…
I recently did a shortcast on what inflation means. You can subscribe to my podcast on any of these sites below. Survey Results Show People Feel Expenses Are Coming Down From the recent survey results, people are feeling more…
The debt relief industry seems to be full of 1099 gig workers that get paid by commission to sell, sell, sell. The Federal Trade Commission just announced a new focus on protecting gig workers from crappy employers. All debt relief…