If you’ve ever looked at a flashy startup and thought, “Wow, they’ve made it big overnight!”—this story is a gut check. Charlie Javice, once the celebrated CEO of Frank—a company that claimed to make applying for student aid easier—was just sentenced to 85 months in federal prison for orchestrating one of the boldest startup frauds …
This Florida man told struggling small businesses he could make their financing problems disappear. Instead, he made their money disappear. Imagine being a small business owner, barely keeping the lights on, and then someone swoops in promising fast cash, no hassle, no credit check. Sounds like a lifeline, right? But in this story? That lifeline …
Imagine waking up to find that all the rules keeping your bank from charging you $50 every time you sneeze the wrong way have vanished overnight. That’s essentially what’s happening as the Consumer Financial Protection Bureau (CFPB) is being dismantled in early 2025. Led by Acting Director Russell Vought, the agency has been ordered to …
Debt relief sounds like a lifeline when you’re drowning in bills, right? But what if the person throwing you that lifeline is just trying to reel in a commission? In this episode of the Get Out of Debt Guy Podcast, Damon Day and I peel back the curtain on the shady tactics some debt relief …
📢 In 2023 alone, Americans lost over $10 billion to fraud, including millions from debt relief scams (Source: ftc.gov). Now, with the CFPB on life support, those numbers are about to skyrocket. With the CFPB cutting staff and senior enforcement officials resigning under the Trump administration, scammers are circling like sharks. Let’s be honest—if the …
Some companies love to sell debt validation as a miracle solution—but is it really? In this episode, Damon Day and I pull back the curtain on what debt validation actually is, what it doesn’t do, and why some sales pitches make it sound way better than it really is. If you’re considering debt validation to …
Here’s a hard truth: scammers are getting smarter, but that doesn’t mean you have to be their next victim. Whether you’re hiring a company for debt relief, home repairs, or any service that requires handing over your hard-earned cash, doing your homework first can save you from financial heartache. As a consumer debt expert, I’ve …
This week Damon and I talk about debt buyers, companies that purchased charged off debt and attempt to collect them, the problem with the proof that debt buyers have to collect the debt, and the wave of lawsuits and judgments from debts buyers. We talk about what happens when you are sued by a creditor …