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Double Standard For Debt Settlement. Not So Sleazy Now, Ask Hilary Clinton, John Glenn and the FEC.

Originally published December 11, 2009 Consumer debt is a world of double standards. On one hand you have advocates screaming about the evils of debt settlements or that groups that charge people for professional help to do debt settlements are ripping off consumers because settling debts is something that anyone can do. Don’t get me …

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Have Consumers Really Learned a Lesson About Debt?

A recent publication out from the Federal Reserve appears to indicate consumers have learned to cut back on debt, at least for now. The reduction might be to a number of events and not just the sudden realization that too much debt is problematic. For example, people may be feeling less confident about the future …

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Should We Eliminate Consumer Debt For Everyone and Start the Economy Over

As crazy as this idea sounds, one thought floating around right now is that of forgiving large tracts of consumer and mortgage debt to swiftly deal with the debt problem in the country today so we can get consumption back on track. As long as consumers are buried in debt, and they are, with little …

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What Do You Know About Real Solutions Consumer Counsel? – D

“Dear Steve, I am looking for a real solution- and this shows up in the mail. D” Click image for larger view. Dear D, Before this I had not heard of Real Solutions Consumer Counsel. Let me review the letter you sent in with your email. It appears that the data used to generate the …

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Complaints About Bill Collectors Rocket as Debt Collectors Get Tough

A story by CNN today makes my article on How to Hide From Debt Collection, the Debt Collector and Creditors even more timely. After several years in which Americans were buying stuff on credit they couldn’t afford, a rapidly increasing number are complaining about getting harassed and abused by bill collectors. Nearly 71,000 people filed …

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Tithing, Saving and Getting Out Of Debt – The Personal Finance Bloggers Brain Trust

This weeks question put to the personal finance bloggers brain trust at GetOutOfDebt.org was: When people are working with a credit counselor or working up their own budget they often hear or believe that they should not make religious contributions and should not put any money in savings while they are making debt repayments. Instead, …

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Lourdes Writes In “What Should I Do to Get Out of Debt?”

“Dear Steve, I’m in debt really heavy from credit cards and other loans. What should I do to get out of debt. Lourdes” Dearest Lourdes, Wow, I really want to help you with some great advice and awesome guidance but gee-whiz a little more information would be really helpful. Maybe next time you write in …

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