2024-02-13 21:57
The Consumer Financial Protection Bureau (CFPB) and seven state attorneys general sued Strategic Financial Solutions (SFS) and its web of shell companies for running an illegal debt-relief e… Read More
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Get Out Of Debt Guy - Steve Rhode - Learn How To Really Get Out Of Debt Blog
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Learn how to really get out of debt
2024-01-11 20:30
Chapters 0:00:01 Introducing the Get Out of Deck Guy team 0:00:33 The Range of Emotions Caused by Debt 0:02:25 A Lively Discussion on Extravagant Spending 0:02:42 Women considering unconvent… Read More
2024-01-08 19:21
Introduction to 16 Common Myths about Getting Out of Debt [0:00] Hey, you’re back with the Get Out of Debt Guy show. I’m the old Get Out of Debt Guy, Steve Rode, and with me is t… Read More
2023-10-23 13:43
Describe How You Feel You Were Scammed I was purposefully misled during my interactions with Lakeview Law Group. I specifically asked three different times if this was a debt settlement prog… Read More
2023-10-02 16:18
2023-08-28 17:13
Today the Consumer Financial Protection Bureau and Lexington Law, the largest credit repair operation in the United States, entered into a Stipulated Final Judgement and Order the Court must… Read More
2023-08-14 13:35
Consumer Statement: Second Chance debt advocate service at least that’s what they represented them to me as and I hadn’t read your formum unfortunately. They claim to be a debt c… Read More
2023-08-14 13:27
Consumer Statement: Was offered a personal loan through a company named loan rate pal. The operator said I didn’t qualify for a loan, but could help me with my debt. It’s been on… Read More
2023-08-01 13:49
Consumer Statement: Consumer Debt Legal Group took my money for 12 months. When I called to ask if I could make a partial payment, I was told they were canceling my account unless I could pa… Read More
2023-07-07 18:29
The Federal Trade Commission and the Florida Attorney General are sending refunds totaling more than $540,000 to consumers nationwide who were defrauded by Life Management Services… Read More
2023-07-07 18:24
This month, more than 7,100 people who were charged illegal advance fees by Timemark, Inc. to renegotiate, settle, reduce, or alter the terms of their federal student loans will receive a ch… Read More
2023-06-05 14:13
The Consumer Financial Protection Bureau (CFPB) has ordered installment lender OneMain Financial to pay $20 million in redress and penalties for failing to refund interest charged to 25,000… Read More
2023-05-12 18:24
Is plastic growing rapidly out of control. Here is what you need to know. U.S. credit card debt has jumped nearly 20% in the first quarter of 2021, according to a report from TransUnion. Thi… Read More
2023-05-12 18:17
The Internal Revenue Service (IRS) has announced that it will resume issuing collections notices to taxpayers that were previously suspended during the COVID-19 pandemic. Here are some impor… Read More
2023-05-12 13:19
There are legitimate ways to stop payday loans and cancel or pay less, depending on your specific situation. Here are some options to consider: Negotiate with the lender: You can try to nego… Read More
2023-05-10 19:55
What happened: House Republicans passed a resolution to terminate President Biden’s policy to cancel student loan debt for millions of borrowers. Who supported it: The resolution was s… Read More
2023-05-09 18:47
The Public Service Loan Forgiveness (PSLF) program was established in 2007 to provide debt relief to nonprofit and government agency employees. The program’s goal was to forgive the st… Read More
2023-05-09 16:13
In November 2022, the Federal Trade Commission (FTC) charged Sean Austin, John Steven Huffman, John Preston Thompson, and their affiliated companies with deceiving consumers by falsely promi… Read More
2023-05-08 18:04
The Federal Trade Commission has stopped a pair of student loan debt relief schemes that it says bilked students out of approximately $12 million by using deceptive claims about repayment pr… Read More
2023-04-06 19:15
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director in Charge of the New York Field Office of the Federal Burea… Read More
2023-02-23 16:41
Today, the Consumer Financial Protection Bureau (CFPB) took action against a web of corporate entities operating under TMX Finance, broadly known as TitleMax, for violating the financial rig… Read More
2023-02-15 20:24
Consumer Statement: Since November 2020 I have been with a debt program to settle 6 accounts over $90k with the Litigation Practice Group. In June 2021 they changed the service from Coast Pr… Read More
2023-01-24 16:26
Samuel J. Arsht, Esq. – SBN 100156 Jeffrey A. Meinhardt, Esq. – SBN 245090 SILVER & ARSHT 1860 Bridgegate Street, Suite 100 Westlake Village, California 91361-1409 Phone: (80… Read More
2023-01-23 17:20
The Federal Trade Commission today issued a proposed order requiring Denver-based HomeAdvisor, Inc. – a company affiliated with Angi, formerly known as “Angie’s L… Read More
2023-01-20 20:12
The Federal Trade Commission today issued an order requiring Ohio-based LCA-Vision, doing business as LasikPlus and Joffe MediCenter, to pay $1.25 million for using deceptive bait-and-switch… Read More
2023-01-20 20:07
Like a repentant boozer who promises to give up drinking, the Department of Education pledged to modernize its neanderthal student loan program. Unfortunately, like a chronic drunk, DOE simp… Read More
2023-01-20 19:57
OSTERGAR LATTIN JULANDER LLP Treg A. Inlander (State Bar No. 174759) Allen C. Ostergar III (State Bar No. 166411) 9110 Irvine Center Drive Irvine, CA 92618 Telephone: 949-305-4590 Facsimile:… Read More
2023-01-18 21:23
Signs of an impending financial downturn can strike fear in struggling families. Determine to get ahead by using the prospect of tough times to motivate yourself to turn your finances around… Read More
2023-01-13 19:00
As a result of a Federal Trade Commission lawsuit, investment advice company WealthPress has agreed to a proposed court order that would require it to refund more than $1.2 million to consum… Read More
2023-01-12 17:23
Today, the U.S. Department of Education (Department) proposed regulations to reduce the cost of federal student loan payments, especially for low and middle-income borrowers. The regulations… Read More
2023-01-12 17:21
The Consumer Financial Protection Bureau (CFPB) has reached a settlement in its lawsuit against law firm Forster & Garbus, LLP for illegal debt-collection practices. If approved by the c… Read More
2023-01-12 17:18
Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to establish a public registry of supervised nonbanks’ terms and conditions in “take it or leave it”… Read More
2023-01-10 15:02
In response to the COVID pandemic, the Department of Education stopped garnishing the Social Security checks of elderly student-loan defaulters in March 2020. However, DOE will return to tha… Read More
2023-01-10 14:55
The good people at the Debt Pay Companies sent me the following press release to share. I’m happy to do that but honestly, I don’t get how this is big news and seems like a lot o… Read More
2023-01-09 21:42
I’ve written in the past about cases against National Legal Staffing Support and Resolvly\ filed by Mississippi attorney Macy Hanson. Attorney Hanson appears to have come up on the sho… Read More
2023-01-09 17:10
Can we be honest for a minute? The entire issue of forgiving student loans with a one-time approach is stupid. It does not address the systemic breakdown of the cost of higher education or t… Read More
2023-01-09 16:58
Last August, President Biden announced his plan to forgive between $10,000 and $20,000 in student debt to individuals who make less than $125,000 a year. He also extended the pause on making… Read More
2022-12-29 01:36
Listen to the Podcast You can subscribe to my podcast on any of these sites below.  &hell…Read More
2022-12-21 21:09
According to report findings, many consumers are not financially prepared for a disruption to their primary source of income, even as unemployment remains low. Nearly 37% of households repor… Read More
2022-12-16 17:11
As a result of a Federal Trade Commission lawsuit, the operators of “The Credit Game,” a credit repair scheme that cost consumers millions of dollars, face a lifetime ban&nb&hell…Read More
2022-12-15 16:34
Most people that write about debt and seniors want to provide accurate information. Sadly, many do not. Some articles on the internet do more harm than good. A good e… Read More
2022-12-14 16:11
It is always important to be cautious and protect yourself from scams. While it is not necessary to constantly worry about being scammed, it is wise to be aware of the potential for scams an… Read More
2022-12-14 15:47
If you don’t think technology won’t kill your side hustle, don’t be so sure. Rideshare opportunities like Uber and Lyft have been good ways to make mone… Read More
2022-12-12 17:55
Today, the Consumer Financial Protection Bureau (CFPB) proposed requiring certain nonbank financial firms to register with the CFPB when they become subject to certain local, state, or feder… Read More
2022-12-09 18:35
I recently wrote about the number of lawsuits Litigation Practice Group recently disclosed. Along comes a Litigation Practice Group contract, and I thought if I reviewed it, this might help… Read More
2022-12-08 14:21
“If they gave gold statuettes for tears and regrets,” Ronnie Milsap sang in a classic country song, “I’d be a legend in my time.” Most of us have a few regrets… Read More
2022-12-07 16:51
Litigation Practice Group just posted a court document that revealed something very informative for consumers. According to this document, “LPG is a named defendant in ten litigation m… Read More
2022-12-07 13:48
Forty million student debtors are waiting anxiously for President Biden’s loan forgiveness plan to kick in. Biden wants to knock off $10,000 from everyone’s student loans who mak… Read More
2022-12-06 20:23
Being in debt feels like a dark hole, a deep pit, without hope or any way out. Struggling to find ways to make extra money can feel impossible as well. But the secret is both situations bene… Read More
2022-12-05 16:05
Consumer Statement: I have a payment plan with Zwicker Associates, PC. They have accepted 6 payments and are still taking me to court for a default judgement. They need to be investigated. P… Read More
2022-12-05 15:50
The attorney, Jason Gardner, representing Carolyn Beech in a suit against Litigation Practice Group appears to be over LPG, claiming they are dragging their feet on dealing with the issues… Read More
2022-11-23 20:36
Are you in an income-based repayment program? Have you been repaying your federal student loans for more than ten years? Have you tried to work with your servicer on a more reasonable paymen… Read More
2022-11-23 15:31
The U.S. Department of Justice, on behalf of the Federal Trade Commission, and the Wisconsin Attorney General, filed suit today against Consumer Law Protection and related companies, al… Read More
2022-11-18 21:02
On November 17, the U.S. Department of Education and the Department of Justice issued a 15-page document titled “Guidelines For Department Attorneys Regarding Student Loan Bankruptcy L… Read More
2022-11-18 19:52
The Department of Education just released a guidance document to the Department of Justice on what they feel should be done to allow people to discharge federal student loans, partially or e… Read More
2022-11-17 15:12
Federal student-loan borrowers are disappointed by federal court decisions that have stopped President Biden’s student-loan forgiveness scheme. Advocacy groups are arguing th… Read More
2022-11-16 21:12
The Federal Trade Commission is taking action against DK Automation and its owners, Kevin David Hulse and David Shawn Arnett, for using unfounded claims of significant returns to entice cons… Read More
2022-11-16 18:54
Worrying about being scammed by a debt relief provider is a real fear. But what is a scam? That question is surprisingly more challenging than you might imagine. In this podcast, Damon Day a… Read More
2022-11-15 15:01
President Joe Biden made a campaign pledge to forgive $10,000 in federal student loans. In August 2022, Biden announced that he would fulfill that pledge and offer $10,000 in stude… Read More
2022-11-11 16:08
The federal student loan forgiveness program, so many people were going to eliminate $10,000 to $20,000 of their federal student loan debt, was halted by a federal court judge. You can follo… Read More
2022-11-09 20:14
I got one of those hated robocalls. This one was from the Visa and Mastercard department, letting me know they could eliminate my debt under the Fair Credit Reporting Act. I thought I’… Read More
2022-11-08 17:48
The Wall Street Journal had an interesting article about professionals working a side hustle to help make ends meet. More people of all income levels are exploring increasing incom… Read More
2022-11-07 14:29
Last spring, the Federal Trade Commission settled its case against St. James School of Medicine, a foreign medical school operating from two Caribbean campuses. According to the FT… Read More
2022-11-07 14:22
Consumer Statement: South Coast Financial Center assured me that they could assist me in getting my student loans consolidated and for almost 5 months I paid a fee of over $1037.50 for them… Read More
2022-11-04 14:18
A reader asked me about Cardinal Law Center. He is a business executive in the debt relief industry and received an email that mentioned Cardinal Law Center and Option One Processing. The em… Read More
2022-11-03 17:03
The Federal Trade Commission is sending more than $830,300 to 1,376 people who began enrolling at Saint James School of Medicine between the Fall of 2016 and the Summer of 2021. The for-prof… Read More
2022-11-02 14:58
I just received an email claiming to be from Geek Squad. The first reaction nearly everyone will have to an email like this is bewilderment. My heart also jumped a beat, and I’m used t… Read More
2022-11-02 13:40
Cabrini University, a small Catholic school near Philadelphia, is eliminating its Provost position as part of a plan to cut costs and balance its budget. It will also eliminate two… Read More
2022-11-01 13:12
The U.S. Department of Education (Department) released final regulations that streamline and improve the rules for major targeted debt relief programs. The regulations expand eligibility, re… Read More
2022-10-28 17:06
A big update on the online arbitrage testing of the side hustle project. A lot of lessons learned so far. Be sure to not make my mistakes Read More
2022-10-26 15:27
In April 2022, the Department announced one-time improvements to address historical inaccuracies in the count of payments that qualify toward forgiveness under IDR and practices by loan… Read More
2022-10-25 20:00
There is always more to learn about online arbitrage or retail arbitrage as a side hustle to make extra money. Here's an update Read More
2022-10-24 14:48
Question: My wife and I are US citizens, 78 yrs old, on social security in Alaska, and owe $15,000 USD on a VISA card. We have no other debts and no assets in our name. The cost of living is… Read More
2022-10-21 18:59
Question: Dear Steve, I have an outstanding $33K balance on a BoA credit card. It is at 0% until April 2023. I was the victim of a scam and got cash advances to invest in a false venture. If… Read More
2022-10-21 13:45
The Federal Trade Commission announced today that it is exploring a rule to crack down on junk fees proliferating throughout the economy. Junk fees are unnecessary, unavoidable, or surprise… Read More
2022-10-21 13:39
It appears the Federal Trade Commission is preparing to target fake reviews. I’ve seen my share on many debt relief sites, so this would be an excellent time to look at what your site… Read More
2022-10-21 02:55
Here is a look at the side hustle of mining Helium (HNT) cryptocurrency. This project has been in the works for some time now, and I can finally share the testing results with you. Read my f… Read More
2022-10-20 16:08
Today, the Consumer Financial Protection Bureau (CFPB) issued guidance to consumer reporting companies about their obligation to screen for and eliminate obviously false “junk data&rdq&hell…Read More
2022-10-20 15:59
On September 29, 2022, a consumer complaint was submitted and published by a consumer representing they were a client of Thayne Law Group. See this consumer complaint. People will be unhappy… Read More
2022-10-19 15:05
If you owe bills and are wondering how you will make extra money to pay them, our Penny Stupid Project has uncovered a way to do that. The idea behind the Penny Stupid Project is to test all… Read More
2022-10-18 15:54
The Department of Education set the ground-level bar for federal student loan forgiveness. You don’t even need to log in or provide any documentation. You should avoid services that ch… Read More
2022-10-18 15:33
If you’ve been following along with the mess that is Tuition Answer private student loans serviced by Navient, there is an update. In 2016 I wrote at length about the misinformation Na… Read More
2022-10-17 16:11
Well, this took years and years, but politicians finally took some action to allow people trapped in Federal Student Loan Spousal Consolidation Loans a way out. The Spousal Consolidation Loa… Read More
2022-10-17 15:57
White Mountain Partners has appeared a number of times on this site through my I Buy Junk Mail program. This time they are sending out the credit card consolidation loan offer in an artifici… Read More
2022-10-14 17:04
Honoring a campaign promise, President Biden will forgive $10,000 in personal student-loan debt owed by about 40 million college borrowers. The only people ineligible for this bonanza will b… Read More
2022-10-13 16:54
Question: Dear Steve, I signed up for debt reduction management counseling and enrolled in a program with DRS Money Fit. I’ll be paying them a monthly amount, which will go towards my… Read More
2022-10-11 15:31
A fantastic reader sent me junk mail through my I Buy Junk Mail offer. Their mailbox has been loaded recently with debt consolidation loan offers. But here is the deal. One of the offers is… Read More
2022-10-11 15:05
Get Out of Debt Guy, an online debt counseling site operated by Steve Rhode, recently received a request for advice from Rose, a graduate of St. George University Medical School. Rose n… Read More
2022-10-11 14:59
In this week’s update, Damon and I give you the latest on The Penny Stupid Project side hustles in the works. I bet our wives appreciate these updates to figure out what the hell we do… Read More
2022-10-10 15:13
We tested it. You can actually make money today to pay a bill tomorrow with the tools you might have already. Damon talks about his results Read More
2022-10-07 20:49
In this week’s update, Damon and I give you the latest on The Penny Stupid Project side hustles in the works. I bet our wives appreciate these updates to figure out what the hell we do… Read More
2022-10-07 16:20
It is easy to give advice about side hustle success, keeping your chin up, or pushing on. When you feel down and out, that’s the last thing you want to hear. Well, maybe actually, the… Read More
2022-10-07 14:42
The Consumer Financial Protection Bureau published information in the Federal Register today that shows how screwed up student loan programs are. The data and facts released are enough to ma… Read More
2022-10-06 14:01
Question: Dear Steve, $568,000 in student loan debt between undergraduate and medical school. I went to St George’s University a massive for-profit medical school in Grenada. The educa… Read More
2022-10-05 14:03
College debtors definitely have a friend in President Biden. So far, his administration has approved $25 billion in loan forgiveness. In addition, it paused student borr… Read More
2022-10-03 20:08
The Merriam-Webster dictionary defines snafu as “a situation marked by errors or confusion.” The word is an acronym for “Situation Normal, All Fouled (or Fucked)… Read More
2022-10-03 15:29
See what Damon experienced on his first night as a Lyft rideshare driver. He shares his review about being a Lyft driver after the first night Read More
2022-09-30 20:34
Question: Dear Steve, Currently looking into partial disability due to surgery earlier this year and some chronic health issues that are preventing me from working “normal jobs,”… Read More
2022-09-29 18:34
The Consumer Financial Protection Bureau (CFPB) sued MoneyLion Technologies, an online lender, and 38 of its subsidiaries, for imposing illegal and excessive charges on servicemembers and th… Read More
2022-09-29 18:31
The Consumer Financial Protection Bureau (CFPB) released a special edition of Supervisory Highlights on recent examination findings covering the practices of student loan servicers, and… Read More
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