Piece image

The History of Getting Out of Debt

Series: Get Out of Debt Guy Show
From: Steve Rhode
Length: 00:28:30

In this show I talk with Dr. Louis Hyman, a consumer credit historian. We talk about the history of debt relief. Read the full description.
Playing
The History of Getting Out of Debt
From
Steve Rhode

Get_out_of_debt_guy_show_logo_-_final_240x240_small

In this show I talk with Dr. Louis Hyman, a consumer credit historian. We talk about the history of debt relief.
He points out that the process of intervening in the debt of consumer began way back after World War I with the advent of new consumer debt opportunities. It does not matter if it was the refinancing of debt into small loans the debt consolidation loan was seemingly born the day after the first installment loan was born.
New immigrates to America in the 1920s migrated with little possessions and needed to purchase household items and this led to the flourishing of installment loans to buy good. 
It wasn't until after World War II that may disreputable debt poolers or debt adjusters seemed to be exploding. By the 1960s the National Foundation of Consumer Credit, the forefront of Consumer Credit Counseling Services,  was formed to bring community budget advisors and non-profit groups together to intervene with consumers.
Dr. Hyman is very critical about the formation of the National Foundation of Consumer Credit and what he feels brought them together to flourish. 
We continue our discussion with an extended discussion  of the moral versus business realities of debt and credit.

The History of Getting Out of Debt | 00:28:30

Privacy
To hear the full audio, sign up for a free PRX account or log in.

More from Steve Rhode

Piece image

Debt Settlement Gossip and Personal Finance Advice (00:28:30)
From: Steve Rhode

New developments in the field of debt settlement this week and personal finance advice.
Piece image

Debtors' Prison, Why Creditors Don't Care if You Repay Your Debt, and Bankruptcy (00:29:00)
From: Steve Rhode

On today's show I talk with Dr. Louis Hyman, an expert in the history of debt. Not only was it great talking with him but we chatted just as long off the air. This is one guy ...
Piece image

Debt Settlement Fee Ban, Credit Counseling Wounded, Caller Question - The Get Out of Debt Guy Show (00:30:41)
From: Steve Rhode

Today we’ll be also talking about the impact the new fee ban for debt settlement services is going to have. We’ll also talk about changes that are impacting credit counseling ...

Piece Description

In this show I talk with Dr. Louis Hyman, a consumer credit historian. We talk about the history of debt relief.
He points out that the process of intervening in the debt of consumer began way back after World War I with the advent of new consumer debt opportunities. It does not matter if it was the refinancing of debt into small loans the debt consolidation loan was seemingly born the day after the first installment loan was born.
New immigrates to America in the 1920s migrated with little possessions and needed to purchase household items and this led to the flourishing of installment loans to buy good. 
It wasn't until after World War II that may disreputable debt poolers or debt adjusters seemed to be exploding. By the 1960s the National Foundation of Consumer Credit, the forefront of Consumer Credit Counseling Services,  was formed to bring community budget advisors and non-profit groups together to intervene with consumers.
Dr. Hyman is very critical about the formation of the National Foundation of Consumer Credit and what he feels brought them together to flourish. 
We continue our discussion with an extended discussion  of the moral versus business realities of debt and credit.

Timing and Cues

28:30 Total

Billboard (0:45)

Segment A (13:15) 14:00

Music Bed (0:30) 14:30

Segment B (13:15) 27:45

Outtro (0:45) 28:30

Intro and Outro

INTRO:

Hi this is Steve Rhode your Get Out Of Debt Guy from Get Out of Debt . Org. And you’re listening to the Get Out of Debt Guy show.

Today we are back talking to Dr. Louis Hyman about the history of debt relief and when people started getting involved in helping consumers with problem debt.

We hear so much on the news or through television commercials about all sorts of companies that will intervene between the consumer and their creditors.

If you just started noticing those commercials you might be surprised by the long history of debt relief.

OUTRO:

Thank you from spending some time with me and learning more about debt and getting out of debt.

Debt is nothing new and neither are all the lessons we have learned, forgot and fighting to relearn about how to deal with debt problems.

Looking back in time is eye opening because it helps us to see what has been tried before and not repeat the same mistakes again

Did you like this show and want to hear more? Just subscribe via iTunes or subscribe to the free RSS feed from the GetOutOfDebt.org site. You’ll find the links for all of this on the right hand side of the site.

Do you have a question you’d like to ask? No problem. Visit GetOutOfDebt.org and follow the links to ask your question online.

A new week is upon us and I can’t wait to see what happens this week to change the face of getting out of debt and debt relief services. It’s never a dull time when it comes to getting out of debt.

Thanks for joining us. This is Steve Rhode, your Get Out of Debt Guy urging you to practice safe debt till we meet again.

Bye for now.

Additional Files

Related Website

http://GetOutOfDebt.org

Sign up for PRX

Log in

Piece Statistics

Actions

Tags

Of 1 purchasers of this piece...