Money Go Roundtable

This week Jay explains a new service called Payoof.com to Gene who doesn't get it.  From there we talk about budgeting and paying down debt.  WE highlight Starbucks profit margin on their high-end coffee.  Finally, we discuss proposed criminal penalties for overcharging military personnel on payday loans. Payoff.com and Encore Capital Group Partner on Consumer Repayment Solution Pay Your Bills on a Weekly Cycle, Not a Monthly One Households back to slashing debt, Fed says What Starbucks’ $7 coffee is really worth Senate Passes Military Lending Amendment to Defense Bill - really?. I mean, really.    

This week we talk about Fannie Mae's recent offer to rent your house back to you in a foreclsoure and the psychology of being in debt and how to get out of debt.  Our guest panelist is Steve Rhode, the Get Out of Debt Guy.  Steve has a no-nonsense view of debt settlement and bankruptcy that looks to the best solution for the consumer and is not afraid to recommend bankruptcy if the solution fits. Get Out Of Debt Guy Lease Back Program in Foreclosure Fidelity Land Trust    

This week we talk about the hot issue of today - Twinkies!  And with the financial stress that comes with the holidays, we talk about things you can do to relieve that stress. Twinkie's will live on - Even in Bankruptcy 6 Stress-Reduction Tips For Cash-Strapped Times The latest news about Twinkie's    

This week's episode features a free range discussion with Leslie Linfield of the Institute of Financial Literacy.  The topics run the ebb and flow of spending and savings habits, the effects on the national economy and personal relationships, retirement planning and the     Here's what we talked about: 9 Signs You May be Kidding Yourself About Money Savings Rate Plunges To Lowest In One Year As US Consumer Once Again Tapped Out Consumer Spending Rises As Americans Cut Back On Saving One Indicator Of Massive Credit Card Debt Is How Often Your Parents Argue About Money

This week's episode is somewhat shorter due to the impact of Hurricane Sandy and the NACBA Fall Workshop in Amelia Island, Florida - not necessarily in that order.  Here's what we talked about: New York State suspends the Statute of Limitations due to Hurricane Sandy Lis Pendens in Foreclosure Objections to Proofs of Claim in Chapter 13 in Zero Percent Plans

This weks panelist with Jay and Gene was Josh Cohen, of the Student Loan Lawyer.  Topics we covered: CFPB Expands Consumer Complaint System to Include Credit Bureaus Mobile Wallets: Too Much of a Good Thing? Is Bankruptcy a bad thing? New Info on Debt Settlement–Trap for America’s Consumers  

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