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Abilene, Texas Uses Tax Money to Help Debt Settlement Company Credit-Advisors.com to Grow

In what seems like the most out of touch move by any government entity, the city of Abilene, Texas is voting on “offering up to $172,500 in job creation incentives for the company, which would be affiliated with Credit-Advisors.com and create 12 jobs (not including management positions), each paying at least $30,000 per year, without … Read more

Will We Be Evicted or Have to Still Pay Our Rent if We Go Bankrupt? – Lizzy

Lizzy “Dear Steve, My husband and I are considering filing for bankruptcy. WE have a lot of debt. We dont know how we are even going to pay next months rent. We have two little children as well. Car payments coming up… etc. How does bankruptcy work? Will we be evicted out of our current … Read more

I Lived in California and Had a Debt I Did Not Pay. I Now Live in New Jersey. – Monika

Monika “Dear Steve, I lived in California when I incurred credit card debt of $1300 in 2003. In 2005, I got married and moved to Texas and have been uemployed since then to pursue higher education. In 2009, I moved to New Jersey and started getting mails and phone calls from a collection agency regarding … Read more

We Are Expecting Our First Child and Want to Get Out of Debt. – Michelle

“Dear Steve, My husband and I are expecting our first child in April. We have been married for nearly 8 years and were trying to pay off our debt before starting a family but after this long it seems as though it would never happen. We currently owe $89k ($850 monthly) on our home that … Read more

American Debt Control and Debt Relief USA Unfortunately Back in the News

Interesting article worth reading out of Texas about debt settlement and the Debt Relief USA mess. People in desperate financial straits will sometimes go to desperate lengths to get out. And some companies use questionable practices to capitalize on their plights. The most recent example is an Addison-based company that promised to cut consumers’ credit … Read more

Debt Relief USA Sued for Millions by Texas AG

Texas Attorney General Greg Abbott today took legal action to recover $4.6 million that a bankrupt “debt settlement” company wrongly withheld from its clients in Texas and other states. In June, Debt Relief USA Inc. of Addison filed for bankruptcy protection in the Northern District of Texas. As a result, more than 2,500 financially distressed … Read more

I’m Not Sure if Ocwen Will Modify My Mortgage. They Won’t Respond. – Rush

Rush “Dear Steve, I am in Dallas, Texas and have been unable to find full time work since 9/2007 and am 6 months behind on my mortgage. I submitted a modification package to Ocwen in April but have received no response other than “Your request is still under review.” Meanwhile, I have received a bunch … Read more