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Sanctioned Disruption of the Banking Industry to Come

For the most part the announcement from the Office of the Comptroller of the Currency (OCC) are painful boring. Sorry fellas. But this one looks like it could provide some innovative changes to the banking industry that could disrupt things for the better. The OCC says: “On December 2, 2016, Comptroller of the Currency Thomas … Read more

I’m Now Disabled. Should I Settle My Debt With Macy’s and PayPal?

Question: Dear Steve, I do have Macy’s and PayPal account which I am thinking of trying to settle. I did settlement back in 2010. Everything went well as far as my finances is concern from 2012-2015. Unfortunately, I got disabled and now on permanent disability. I am still current on my payments, though I am … Read more

Is That PayPal Email a Fake?

Faked PayPal email notifications directing recipients to malicious websites aren’t new. But cybercriminals are getting a lot better at executing them. That’s what the discovery of a current phishing campaign designed to lure victims to click to a pair of very well-designed faked PayPal websites shows. The finding comes from researchers at OpenDNS, a free, … Read more

Is Synchrony Bank and PayPal Doing Something Fishy?

“Dear Steve, I don’t believe I have been “scammed” in the traditional sense, but I find something fishy about Synchrony Bank (Formerly GE Capital, GE Capital Retail Bank) My story is as follows: I have 3 credit cards with GE CRB and receive notices of change to Synchrony, the usual stuff (my online accts now … Read more

The Importance of Reading the Fine Print of Credit Agreements

Last week a concerned mother wrote to us here at GetOutOfDebt.org with a predicament with her son’s BillMeLater Account. Her concerns are as follows: “This debt is just outrageous and needs to stop with the deferred payment that they are going to sock onto this debt and will never be paid off. There is no … Read more

“What’s In Your Virtual Wallet?” – The Future of Mobile Commerce

SXSW 2011 hosted a phenomenal conference this year with interactive, film and music media seminars. As part of the interactive section there were a handful of financal seminars about the future of shopping, lending and banking. One particular session that caught my interest was one entitled “What’s In Your Virtual Wallet?” featuring representatives from PayPal … Read more

How to Sell Stuff You Don’t Want

Were you buried by an avalanche the last time you opened a closet door? Does your garage hold everything under the sun except your car? Do you need to raise some money to pay off bills? Whether you’re cleaning out your house or bill collectors are cleaning you out, selling stuff that you don’t need … Read more