A CreditCards.com poll has found that eight out of 10 Americans are reluctant to talk openly about their level of credit card debt with someone they just met (“Poll: Credit Card Debt the New Taboo Topic,” July 8, 2008). More surveyed adults are uncomfortable with the idea of discussing their credit card debt than any other topic, including their love life, salary, religious views, (more…)

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Three out-of-state debt relief companies that were providing credit counseling services to consumers in Idaho without a state license have agreed to refund their former Idaho customers almost $400,000 (more…)

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When you’re deeply in debt, it’s easy to become so overwhelmed by your financial mess that you start to go into denial about just how much you owe: You stop looking at your credit card and bank statements, you don’t answer the phone anymore so you don’t have to deal with debt collectors, you leave your bills unopened because you know (more…)

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The seventh and last defendant implicated in the Federal Trade Commission‘s largest case of credit counseling fraud has pleaded guilty to deceiving consumers who paid a for-profit company that was acting as a nonprofit organization for credit counseling services, according to a Newsday.com article (“Last Defendant Pleads Guilty in Credit Card Debt Scam,” Sept. 13, 2008). (more…)

Popularity: 8% [?]