Archive for December, 2009

Man Fraudulently Tries to Sell Church He Didn’t Own

A man involved in a complicated scam to sell a church he didn’t own has been found guilty on 11 counts of fraud. Tracy Carmichael, 46, of Detroit in 2007 offered to sell the Temple of God Deliverance on Mount Elliot to a woman who was interested in the property as a land investment. The scam involved [[ This is a content summary only. Visit GetOutOfDebt.org for full links, other content, and more! ]]

Consumers Energy Customer Warned About Credit Card Scam

Consumers Energy is warning customers — especially seniors — of a scam that includes people posing as Consumers employees in an attempt to access credit card information. According to a statement, customers have received calls from a person claiming to be a Consumers employee offering a special program. The caller tells the customers they have to [[ This is a content summary only. Visit GetOutOfDebt.org for full links, other content, and more! ]]

I’m Losing $800 a Month and Can’t Keep This Up. What Should I Do? – Dude

“Dear Steve, I’ve always thought I had my credit under control. I have a credit score over 700 and was doing a great job of transferring balances to 0% cards every 6-12 months. Then the credit card companies stopped giving me new cards, a couple of my cards were maxed out and I now owe $38,000 [[ This is a content summary only. Visit GetOutOfDebt.org for full links, other content, and more! ]]

My Wife Took a Vacation in Las Vegas and Bought a Timeshare. Can We Be Sued? – David

“HI there Steve, My Wife and I recently took a vacation in Las Vegas and stupidly fell for a timeshare scam. We are both british citizens and are living in scotland. My wife recently lost her job and we cant afford this expense at this time, we did some research and the company told us a [[ This is a content summary only. Visit GetOutOfDebt.org for full links, other content, and more! ]]

Three Years Ago We Had a Very Rough Year and Now Facing Rising Interest Rates. – Erin

“Dear Steve, My husband has his own business and 3 years ago we had a very rough year. We lived above our means and we now have $40,000 in credit card debt. We have $8,000 on a 14.99% credit card and eventhough we make our payments on time and sometimes even several payments a month (this [[ This is a content summary only. Visit GetOutOfDebt.org for full links, other content, and more! ]]

I’m a Salesman But Need to Go Back to School But Banks are Suing Me. – Jason

“Dear Steve, Salesman drawing $2k/mo – spouse $3k/mo; no commission. $1600 mortg, secured debt $220k+ (with house, car, furniture); $65k+ unsecured debt (loans, cc) $120k school loans – in deferment. Need to go back to school, but getting judgments placed for credit cards. Feel I’m too far gone to handle this alone. Is consumer credit counseling, debt [[ This is a content summary only. Visit GetOutOfDebt.org for full links, other content, and more! ]]

Get your finances in order for the New Year. – Kelowna.com

Get your finances in order for the New Year. Kelowna.com Use credit effectively: If you have debt , pay down your highest-interest debts first, which normally include credit-card debts and unsecured loans. … and more »

Fear of rate hike sparks action – Winnipeg Free Press

Fear of rate hike sparks action Winnipeg Free Press Why pay 18 per cent on a credit-card debt … when you could be paying three-point-something on your mortgage?" Zarrillo said he's seen five-year, …

Reduce spending or suffer major consequences, economists advise Bachand – The Gazette (Montreal)

Reduce spending or suffer major consequences, economists advise Bachand The Gazette (Montreal) Two-thirds of that debt is not secured by assets – it's simply the result of using a credit card to pay for the groceries. The inability to control spending …

Reduce spending or suffer major consequences, economists advise Bachand – The Gazette (Montreal)

Reduce spending or suffer major consequences, economists advise Bachand The Gazette (Montreal) Two-thirds of that debt is not secured by assets – it's simply the result of using a credit card to pay for the groceries. The inability to control spending …