40-Year Home Mortgages, 9-Year Car Loans, and 25-Year Student-Loans

Interest rates, as the tv hucksters constantly remind us, are near historic lows. So now is an excellent time to refinance your mortgage–maybe take out some equity to upgrade the bathrooms, take a little vacation, or purchase a home entertainment center. Or maybe it’s time to buy a new vehicle–perhaps a premium class crew-cab pickup, … Read more

Ten Real Things You Should Do to Survive a Bad Economy With Grace

Much of what we read is all high-level safe stuff about what people should do when facing tough economic times. And a whole lot of that advice is good for the masses, but what about what is best for the individual, you. The government wants consumers not to lose confidence during tough times. The economy … Read more

This Guy Gets How to Deal With Debt

Bill Westrom just sent in an article to me to post on my GetOutOfDebt.org site and it was so on track with what I have been trying to get across to people. I had to share it with you. Bill understands that dealing with debt is about education, understanding, introspection, and not forcing the solutions … Read more

What Broadway Says About Money Through Show Tunes – Audio

Money, credit, and debt issues filter through our lives in so many ways. In this look at money through Broadway tunes, we get a closer look at what casual society has to say about being rich, poor, broke, happy, sad, and the morality of money. This program runs about an hour but it’s worth setting … Read more

ATTORNEY GENERAL FILES SUIT AGAINST DEBT COLLECTION AGENCY

Attorney General Dustin McDaniel today filed a consumer-protection lawsuit against a Kansas-based debt collection agency that has illegally sought to collect on payday loan debts in Arkansas. The Pulaski County Circuit Court lawsuit claims that National Credit Adjusters LLC of Hutchinson, Kan., violates the Arkansas Deceptive Trade Practices Act in its attempts to collect on … Read more

Federal Reserve Report Digs Into Consumer Debt

A new Federal Reserve report is out that describes the status of household debt and credit developments in the third quarter of 2011. The report shows the total amount of indebtedness is still mostly contracting. The number of credit card accounts is still down to near decade low levels. Car loans are slightly increasing while … Read more

It’s Been A Year Since The TSR – What’s Changed With Debt Settlement?

A year ago this month the Federal Trade Commission (FTC) barred debt settlement companies that used telemarketing from accepting up-front fees. Although it’s been an entire year since this change we are still see companies trying sneak in those up-front fees with businesses trying to exploit loopholes. The whole purpose of the Telemarketing Sales Ruling … Read more

Root Canals and Appendectomy Were Expensive and Landed Me in Bankruptcy. – Ray

“Dear Lewis, Made many not so smart mistakes which put me into serious credit card debt over the past 8 years or so. Followed by some dental work (multiple root canals) that had to be paid with credit card. Last year, had an emergency appendectomy that ended up in an medical insurance mess up. Ended … Read more

Should I Sign With Fast Track Debt Relief? – Mary

“Dear Damon, I am ready to meet with a person on Monday to sign a paper for Fasttrackdebtrelief program. I was researching it..I am scared now.I don’t trust it. I saw your name in reviews about Fast Track.I need advise~~It is Saturday I am overwhelmed with a large amount of debt..I am struggling to pay … Read more

I Want to Get Out of Debt Without Bankruptcy. – Kristy

Kristy “Dear Steve, I’m recently divorced and left drowning in debt. I have 2 mortgages, 3 credit cards, a car pmt, a personal loan owing $1500, and almost 3,000.00 in medical bills. I dont make enough money to cover all my expenses and finding a part time job has been impossible lately. What do you … Read more

I’m Active Duty Army in Iraq and Need to Deal With My Debt Back Home. – Howard

Howard “Dear Steve, I have a lot of outstanding debt that I have not paid on in 5-6 years. I fell on hard times and stopped making payments altogether and completely lost track of my debt. I’m guessing that I owe $30,000 between a truck, boat, and other creditors. I went back into the Army … Read more

I Was in Jail for 7 Months And Now Behind on Credit Cards. – John

“Dear Steve, NOT WORKING MUCH SUB-CONTRACTOR. DELINQUENT 1 1/2 YEARS ON CREDIT CARDS. WAS INCARCERATED ABOUT A TOTAL OF 7 MO. ABOUT 10-12,000 TOTAL CREDIT CARD DEBT. NO ASSESTS WHAT IS BEST APPROACH. BANKRUPTCY DEBT CONSOLIDATION?? John” Dear John, Being incarcerated never seems to help your credit or debt situation. Over the years I’ve talked … Read more

I Don’t Want to Get Married With Debt. – Brandi

Brandi “Dear Steve, My Fiance and I are currently about 12,000 dollars in debt not including are student loans that are currently in deferment his deferment ends soon (he graduates next month) his school cost about 40,000 dollars I’m just starting school so my loans and schooling will be deferred for a while Most of … Read more