This Week in Debt: Settlement Money, AI Scams, Rate Cut Myths, and Debt Collector Traps

This week, Steve Rhode, the old original Get Out of Debt Guy, takes a solo run through the debt news that could actually matter to your wallet.

I cover consumer settlement claims involving Amazon Prime, Lemonade, GameTime, and missed claim deadlines that quietly pass people by. Steve also digs into why waiting for Federal Reserve rate cuts is not a debt strategy, how AI voice-cloning scams are getting dangerously convincing, and why some viral debt collector advice is half right and half financially dangerous.

You’ll also hear why ignoring court papers can lead to default judgments and wage garnishment, why a simple family code word can protect you from scam calls, and why fear is the fuel that keeps bad debt relief advice alive.

For more debt help, consumer alerts, and free resources, visit https://getoutofdebt.org.

Damon Day, the new Get Out of Debt Guy, can be reached at https://damonday.com.