You walk into Macy’s for a new outfit. The cashier says, “Wanna save 20% today by signing up for our card?” Sounds like a no-brainer. But what if that one decision quietly added seven years of debt to your life? That’s exactly what’s happening to millions of Americans right now. Retail credit card debt isn’t …
Imagine this. You’re behind on rent. Your phone won’t stop ringing. You need gas to get to work. And in the middle of all that stress, an envelope arrives promising hope: “You’re pre-approved for a credit card!” That card? It’s from Credit One. What you don’t see until later is how this “opportunity” comes with …
What if I told you that the same government that cracks down on street scams is quietly gutting the rules meant to protect your wallet from corporate abuse? Sounds like a conspiracy theory, right? But it’s not. It’s happening right now—right out in the open. Law enforcement will lock up someone for stealing your purse. …
In today’s can’t-miss episode of the Get Out of Debt Guy podcast, Steve Rhode (the Old Get Out of Debt Guy) and Damon Day (the New Get Out of Debt Guy) unpack some jaw-dropping changes quietly pushed through by Congress and the Consumer Financial Protection Bureau (CFPB). A previously closed banking loophole has now been …
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 …
Jason Cox, an active duty Army Staff Sargent has filed suit against Community Loans of America and Alabama Title Loans over the repossession of his truck. “Big deal,” you might say. But this case does bring up some bigger issues. Active duty military service members are protected by what is called the Military Lending Act …