Posts Tagged ‘debt’

Greenfield Wisconsin Man Threatens To Blow-up House Over Debt

Several residents in the 6300 block of Leroy Ave. in Greenfield were evacuated from their homes Monday afternoon after a 45-year-old man told police he was trying to fill up his house with gas, Greenfield Police Capt. Paul Schlecht said.

The man was described as distraught when he called police at 1:48 p.m. and made the threatening statement, Schlect said.

Officers arrived and could smell gas outside the house where the man was located, he said.

The fire department and We Energies were called and several nearby residents who were home were evacuated, Schlecht said. As that was taking place the man, who was originally uncooperative, came outside the home and turned himself over to police, Schlecht said. No one else was inside the house, he said.

Schlecht said he did not know if the man was armed. Police were questioning the man, and investigation is continuing.

Real Housewives of Orange County’: Lynne Curtin Get Evicted!

This is another example of ‘Debt Gone Wild’ Lynne Curtin of the Real Housewives of Orange County and her husband have been having financial trouble since last year.  On last weeks episode her oldest daughter was served an eviction notice because her husband didn’t pay the $10,000 deposit on the house they were renting.

Lynne’s husband expressed that Lynne didn’t want to know the truth about their financial problems.  She just continued spending money, including expensive plastic surgery for herself and her youngest daughter when they were being sued by former business partners for real estate deals gone bad.

On tonight’s show Lynne continued her “Debt Gone Wild’ with the purchase of a $1,195 jacket while the girls shopped in San Francisco.

Suicide and Depression Due To Debt

Severe debt can cause depression and even suicide
Some just can’t seem to find a way out

By Emily Starbuck Gerson
Getting depressed over an increased debt load is normal, experts say. Typically the situation is temporary and as the debt lightens, so does the depression. There are those, however, who don’t see a way out of their financial mess and become so despondent they contemplate or attempt suicide.

Today’s economic climate is enough to depress anyone:

A record 272,171 homes foreclosed in July 2008 alone.
Over the past year, the number of unemployed people increased by 1.6 million — bringing the number of total unemployed to 8.8 million.
79 million people are struggling to pay medical debt.
The average college student graduates with nearly $20,000 in debt.

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Get Out Of Debt Fast

Bankruptcy Filings Up 2010

Bankrutpcy filings for 2009 were up 33% from the previous year and 2010 is looking to top that number. With the current job outlook and debt problems families are having it seems as though people are running to the bankrutpcy lawyers for a quick solution. But I’m finding that these same families are falling into the same trap all over again.

They get ride of some debt by filing bankrutpcy and the loan companies and credit card companies start offering them credit again. So they end up taking it and falling into a debt trap again. But this time they can’t file bankruptcy for another 7 to 10 years. So they are literally trapped!

My advise is simple…don’t file bankrutpcy unless you have no other choices. Set up a budget and start paying down your debt. It might take some time but you’ll learn that money needs to be treated a certain way to work for you, rather than for the people that are professionals at getting you to spend it.

If you would like help with your debt problem please visit: click Here

Secret History of Credit Cards Revealed

You have been studying primarily bankruptcy for the last 20 years. Why bankruptcy?

Because bankruptcy is about financial death and financial rebirth. Bankruptcy is the great American story rewritten. We’re a nation of debtors. Why do you think people left Europe to come to the United States? They left because they were in debt. We like to describe it as, “Oh, it was about religious freedom.” No, it was about debt. They were looking for a way to escape their debts.

And so they founded this nation, and when they got into financial trouble, you know what they did? They moved west. And they moved west, and they moved west. And by the end of the 19th century, there was no place else to move, and creditors could pretty much reach their debtors … anywhere around the country, and that’s when we finally put our first national bankruptcy law into effect. And we’ve had one ever since. It’s the way that people say: “I got out there; I borrowed the money; I did my best; I used that money to start a small business or to keep myself going in my job. … You rolled the dice with me. … It didn’t work. You can have most of what I own, and that’s it, though. We’ll stop there. We’ll declare the default. You write off the part of the debt I can’t pay, I’ll take my human energy … and go right back into the game again.” That’s the whole premise behind bankruptcy. It’s about death and rebirth.

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Credit Card Companies Losing Money? BS!!!

You’ve probably been seeing the news reports claiming that the credit card companies are losing billions of dollars because consumers aren’t able to pay them their money back.  We’ll that’s a bunch of BS!!!!!

I’ve got the proof that they are all liers and they don’t care about any of us.  Take a look at how much money they are making during these so called hard times.

The Proof (click and see for yourself)

When you’re ready to get out of debt and live the debt free life click here!

The Credit Card Fix!

It’s been years since I’ve used a credit card.  I’ve only used debit cards since I started my debt free campaign.  But it hasn’t been an easy task.  They make it so attractive.

• Use now and pay us later!
• Low or 0% interest!
• Rewards for vacations, airline tickets, etc.!
• Points toward FREE $$$!
• The Best Line…Use our money and save yours!

I must admit that when I get these offers in the mail they are tempting, but I just remember why I stopped using credit cards and just have fun ripping them up and throwing them in the trash.

My advice to you is to stay away from credit cards altogether.  You might be saying that you need a credit card for emergencies?  No you need to have an emergency fund of cash for emergencies.  Credit cards will make a trip to the mall with not enough cash into an emergency.

Some might say you need it to rent a car when you’re on vacation.  We’ll any rent-a-car company will rent you a car if you have your return tickets for you flight.

Credit Cards are nothing but trouble.  Currently 25% of credit card holders are behind 60 days or more on their credit card payments.  The average balance is about $8,000 to $10,000.  I just finished working with a client that had over $108,000 in credit/department store credit cards.

He didn’t get into the situation overnight, it started with 1 credit card.  Easy money he told me.  “They just kept sending me new credit card offers.!”  But now after the years have gone by he’s struggling to pay the minimum payments on his credit cards.

The good news is I was able to put a plan together for him that will have him totally debt free in 5 years including his mortgage.

Pay Off Those Credit Cards Fast!

6 More Banks Closed

Looks like more banks are getting into trouble as of December 4, 2009 we have 5 more banks that were taken over by the FDIC.  As for right now there’s no worries about your money if you have funds in these banks because the FDIC Insurance will fund your account.  At least for now!  How long can the FDIC bailout these banks?  In a recent USA Today article the director of the FDIC stated that they had funds to insure that banks would be able to pay depositors their money even if they failed.

But in a later article posted in the Washington Post…stated that the FDIC was given a larger credit line to insure that they wouldn’t run out of funds.  As of early August 2009 the FDIC stated that they had $60 Billion dollars in reserve for bank failures.  We’ll since that time there have been 61 bank failures!  That’s 61 freak’in banks that have miss-used the funds of their depositors and the funds of the Federal Reserve.  (Which is our money).

Here’s a list of bank that recently closed this past Friday Dec. 4, 2009.  They always make the takeovers on Friday to get the banks back online by Monday.