A common concern you may have when searching for the best debt relief solution is how it will impact your credit score. There are many misconceptions about credit reports and the harm that comes from credit counseling, settling debt for less than what you owe and bankruptcy. Your credit report and credit score will heal… Read More
LearnVest is giving away two copies of Carrie Rocha’s book Pocket Your Dollars: 5 Attitude Changes That Will Help You Pay Down Debt, Avoid Financial Stress, & Keep More of What You Make. To enter, go to the LearnVest Facebook page and answer this question: What’s the biggest mental roadblock hindering your finances? Six years ago, Carrie Rocha… Read More
With the looming fiscal cliff, many of the nation’s lawmakers are debating exactly what federal programs and tax breaks to cut in an effort to reduce the national deficit. But some top officials across the country are now fighting for one such allowance. Last week, the attorneys general for 40 states plus Guam wrote a… Read More
It’s a question I get all the time, “What’s the best way to get out of debt?” It’s often followed by a comment, “But I have good credit and I really don’t want to hurt it.” Here are the main approaches to debt relief you may be considering, along with a review of the impact… Read More
Over the years a common theme has emerged where people feel they are scammed by a company or taken advantage of, and it appears they have not checked them out before giving up their hard earned money for services. Here is my guide on what to do to help you from becoming a victim. Checking… Read More
Did you receive robocalls over the past couple of years from a company promising to lower your credit card interest rates? Hopefully you didn’t respond. If you did, you may have been one of the thousands of consumers who lost money to a couple of Florida-based telemarketing groups offering debt relief services they didn’t deliver…. Read More
Today, October 27, 2010, marks a turning point for the settlement industry. Under new debt relief rules issued by the Federal Trade Commission, for-profit debt relief companies will no longer be able to charge upfront fees to consumers. What does this mean for those struggling with debt? We likely won’t be seeing or hearing as… Read More
Today, the FTC came down hard on for-profit debt relief firms.
Vice President Joe Biden will announce a new debt relief rule designed to help protect consumers against debt relief abuses.
Dr. Robert Manning is perhaps best known as the author of Credit Card Nation, the book that clearly lays out the consequences of our “addiction” to credit and the role that card issuers have played in creating the problems that we face. Or perhaps you saw him in the documentaries, “In Debt We Trust” or “What Would Jesus Buy?”