Money

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 that practice soon–probably by midsummer 2023. In an article posted on MSN.com, Vance Cariaga estimated that garnishment of Social Security checks will cost senior student-loan defaulters, on average, about … Read more

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 short end in a case filed by National Legal Staffing Support and Resolvly against him. The case filed in Florida surrounded actions described in the Summary … Read more

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 the realities of the BS schools selling students into debt for the corporation’s benefit. If the Biden student loan forgiveness plan … Read more

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 student loan payments until at least midsummer. Who could object? Turns out, a lot of folks objected. The NAACP didn’t think Biden’s plan was generous … Read more

Listen to the Podcast You can subscribe to my podcast on any of these sites below.                    Easiest way to listen – Say “Hey Siri play Get Out of Debt Guy Podcast” or “Hey Alexa play Get Out of Debt Guy Podcast” Easiest way to subscribe – Say “Hey Siri subscribe Get Out of Debt … Read more

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 report that they could not cover expenses for longer than one month, even with accessing savings, borrowing money, selling assets, or seeking help from family and friends. … Read more

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 from the credit repair industry in proposed court orders filed today. Michael and Valerie Rando and their companies, first sued by the FTC in May 2022, would also be … Read more

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 example is an April 4, 2022 article on the website Care.com, “Debt forgiveness for seniors: 5 strategies to consider.” The article starts fine, laying out the … Read more

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 and take steps to protect yourself. This can include being careful about giving out personal information, avoiding deals that seem too … Read more

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 money for many, but that is not the future. Automated vehicles will replace human-driven vehicles, and tests are already rolling on roads in Arizona and California. I’m sure there are others. The idea … Read more