Posts Categorized: General Debt & Loan Consolidation Information

Consumer Financial Protection Bureau Proposes Debt Collector, Credit Reporting Oversight

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In response to a flood of complaints about debt collectors and credit bureaus, the Consumer Financial Protection Bureau has proposed a new rule that would make the biggest players in these genres — including Equifax, TransUnion, and Experian — subject to the same oversight policies that apply to banks. The agency, which was created under… Read more »

Dave Ramsey Says He’s Telling You the Truth About Debt Consolidation

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Dave Ramsey says he’ll tell you the truth about debt consolidation. The process doesn’t work. Debt isn’t the problem. It’s the symptom. The only way you can resolve your debt is to change your habits. And he’s right. Most of us get into debt for one reason. We spend without discipline, generally using high interest-rate… Read more »

Consolidation Debt by Renegotiation

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Since 2008, as they struggled under the growing weight of 10% unemployment, the deepening recession, and counter-productive political bickering, Americans quietly changed their attitude toward debt. As the 2011 holiday season approached, stores advertised the time-honored concept of the “lay away” and more customers paid in cash than ever before. Gone are the days of… Read more »

Celebrities Amass Staggering Debts and Pay the Price

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Since Michael Jackson’s death in 2009, the news has been full of details of the pop singer’s life, eccentricities, and the questionable circumstances of his demise. All of that has been rekindled with the conviction of Dr. Conrad Murray for culpability in the singer’s death as a case of involuntary manslaughter. One thing that has… Read more »