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It’s about time. In new legislation geared towards protection for people with credit card debt, the Federal Trade Commission (FTC) also added some protections for people from debt consolidation agencies. The most sweeping part of the legislation is that debt consolidation companies can no longer collect money up front before they start helping you. Here’s [...]
There was an interesting news story on CNN last week. Actually, it wasn’t quite news, more of a feature. It was called Confessions of Former Debt Collectors, and at least half of them stated that they knew that they were breaking the law with some of their collection practices. Yet they knew that they had [...]
Last week, I wrote my first post on debt consolidation frauds, and it got a lot of readers, if not a lot of commentary. I’m not sure what that means, but suffice it to say that many of these guys are just bad. This is the other side of the fence, debt collection companies, or [...]
I haven’t talked a lot about debt consolidation here; matter of fact, I don’t think I’ve ever talked about it. Debt consolidation pretty much means finding a way to take care of all your debt at once so that you can, hopefully, find some control on paying your bills off and still have some money [...]
Many people are in a crunch these days when it comes to paying bills. The ones that are the most scary are mortgage, utilities, and of course credit cards. These are the ones where the phone calls will start coming, and if you’re like almost everyone else, you’ll just decide not to answer the phone [...]
Sure, it’s not as sexy a number as hearing that the debt of the United States is around $10.7 Trillion dollars, but it’s scary enough to learn that the federal budget deficit expanded by $83.6 billion in December, bringing the total deficit for the first three months of the 2009 fiscal year to $485.2 billion. [...]
At the beginning of the week, my wife and I decided to give up our water softener. We’re not doing it because we can’t afford it; we’re doing it because we really don’t know if it’s working throughout the entire house, and if we’re not sure it’s working or not, then there’s no benefit to [...]
