Debt Settlement Marketers Still Selling Debt Leads

Interesting little email from a tipster. It comes from a debt settlement lead seller. Apparently this lead seller is not too worried about complying with the new FTC telemarketing sales rules and making sure their customers are compliant. They say, “Through a number of conversations I’ve had with both debt companies and attorneys, it looks like the vertical will be pushing through as normal.”

That reads as if debt settlement will continues as it has been. Do you have a different interpretation of that statement?

@GetOutOfDebtGuy

The Email

Greetings,

I hope this email finds you well and your business growing. Here at [****], we appreciate every client we work with and moving forward we will continue to improve in every which way we can. There has been some chaos in the debt vertical regarding the most recent FTC ruling. Through a number of conversations I’ve had with both debt companies and attorneys, it looks like the vertical will be pushing through as normal. As a lot of debt companies are switching to true attorney models, we to will ensure to stay compliant within the guidelines that are set. Below is an update on our current pricing structure, and campaigns available for the debt vertical.

Exclusive Real Time Leads- $18-22 each (All $10,000+ through opt-in email and search media)

Live Transfers- $35-42 each (Domestic Call Center, $15k+, $2000 monthly income, 2-3% monthly payment affordability, All Calls Recorded)

Aged Leads- .50-75 cents each. 30-90 day old (Safe Harbor Compliant) and over $10,000 in unsecured debt.

Raw Radio Calls- $49 each with daily reporting available.

Please call or email me direct with any questions or comments.

I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here.

Check out your debt relief options using The Amazing How to Get Out of Debt Calculator. It's free, easy, and anonymous.

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Jerry Nordstrom
JSB Global – You speak good American. I sure you no have good lead ya?
9097137137
Hi,
JSB Global Services We are a Company We Sell Our EXCLUSIVE and UNUSED Live Transfer And Live Information On Your Phones Lines As Per Your FLITERS in Loan Modification and Debt Settlement With High Volume.
JSB Global Services deliver Third Party Verification High Lights: Hot Live Transfers with Live Information with high closing ratio to ensure our buyer makes huge Amount of money, what they have invested. As a testament to the value of our model, JSB Global Services has been ranked #1 by its clients â€œHot Live Transfersâ€.
Loan Modification Leads ($22 per lead):
-We supply leads with a minimum monthly pymnt of $1,000
-Customer at least 1 month behind
-Customer not currently in bankruptcy or foreclosure status
Debt Settlement Leads ($28+ per lead):
-Minimum of $15,000 in debt (including credit cards, medical bills etc)
-Customer must be employed or with steady/monthly income (ie: SSI, Pension, Retirement etc)
If interested or if you have any questions, please feel free to contact us and we will be more then happy to answer any and all questions. Or you can call us at +1 909-713-7137
Thanks & Regards,
Looking forward for a positive and a prompt reply thanks
JSB Global Services
http://www.jsbglobalservices.com
9097137137
Hi,
JSB Global Services We are a Company We Sell Our EXCLUSIVE and UNUSED Live Transfer And Live Information On Your Phones Lines As Per Your FLITERS in Loan Modification and Debt Settlement With High Volume.
JSB Global Services deliver Third Party Verification High Lights: Hot Live Transfers with Live Information with high closing ratio to ensure our buyer makes huge Amount of money, what they have invested. As a testament to the value of our model, JSB Global Services has been ranked #1 by its clients “Hot Live Transfers”.
Loan Modification Leads ($22 per lead):
-We supply leads with a minimum monthly pymnt of $1,000
-Customer at least 1 month behind
-Customer not currently in bankruptcy or foreclosure status
Debt Settlement Leads ($28+ per lead):
-Minimum of $15,000 in debt (including credit cards, medical bills etc)
-Customer must be employed or with steady/monthly income (ie: SSI, Pension, Retirement etc)
If interested or if you have any questions, please feel free to contact us and we will be more then happy to answer any and all questions. Or you can call us at +1 909-713-7137
Thanks & Regards,
Looking forward for a positive and a prompt reply thanks
JSB Global Services
http://www.jsbglobalservices.com

http://twitter.com/JerryNordstrom Jerry Nordstrom
JSB Global – You speak good American. I sure you no have good lead ya?

http://www.thedebtdiet.com Joel Swanson
Candace, Jude: If you are trusting blogs for specific advice on complex financial situations then you are not understanding the purpose behind “Free content”. Most blogs or content driven websites are simply offer guidelines to help you frame certain issues. When you need specific advice you go to a professional, yes with a license, and have them review your specific situation in detail. You can trust free blog content when baking a cake, but not with your financial future.
Steve, in regards to the OP. What is it that this marketer has done wrong?
I keep reading this and it sounds like you are saying the Marketing companies can no longer generate settlement leads?
Are you suggesting that the company:
Is doing TV/Radio live transfer leads thus is using the telephone?
If this is so, I believe this is still legal but they simply must comply with the regulations of both the FTC and the individual states they advertise within?
Not a profitable venture in our view, however legal all the same if you want to get licensed, pay for the DNC database and defend yourself on a weekly basis.
I’m in agreement with the posters who have said the new rules are fantastic… but ONLY if they are enforced. For 10 years hucksters have been publishing obviously fraudulent ads…. Damn the fed cant even pick up Bernie Madov after 10 years of reports to them that he was running a crooked operation. There is no way they will stop the fraudsters. The bad apples will live on, the good apples will move on as they can’t compete against lies. I mean really, an Experian company is advertising “Obama’s credit card bailout”!!! If they can’t pick up a big boy like that who can they find?
Steve as a regular reader of your blog I do respect your opinion. I do see that you are often partial to CCS and DM. You often find the negative in Settlement, but with the exception of your relationship with Mr. Day (financial or other) all of them to you seem to be bad? I think this is what concerns some of your readers.
Looking forward to your take on:
Debt Relief: whats legal and whats not
Debt relief marketing: Whats legal and whats not
Non-Profit debt relief: Why do they get a pass?
Attorney based relief: A loophole ready to be plugged?
Joel

http://GetOutOfDebt.org Steve Rhode
Joel,
OP? Not sure what OP is.
I’m not saying that a marketer can no longer generate settlement leads. But under the FTC TSR some new heavy requirements come into play that expose the lead generator to a tremendous amount of liability.
From the FTC Guidance
“Even if you don’t directly sell or provide debt relief services, you may have obligations under the new Rule. Specifically, it’s illegal to provide “substantial assistance” to another company if you know they’re violating the Rule or if you remain deliberately ignorant of their actions. What amounts to substantial assistance depends on the facts. In the context of debt relief services, substantial assistance may include:
- obtaining and selling leads – the contact information of potential customers – to other companies;
- helping a debt relief company with its back-room operations, for example, by reviewing customer files, processing customers’ payments or contacting customers’ creditors once they’ve signed up; or
- offering dedicated accounts to customers where they set aside the debt relief provider’s fees and funds for payments to creditors or debt collectors.
If you work with debt relief companies, review their policies, procedures and operations to make sure they’re complying with the Rule. Willful ignorance isn’t a defense.”
So Lead Generators Need to Watch Out
The FTC is going to make watch debt settlement companies that violate the rules and go after all that helped the company to “harm” consumers. Any lead generator that sold the company leads is going to be under a microscope to prove how they audited the company to make sure they were in compliance with the TSR. If they have not done that then the lead generator should expect fines up to $16,000 per occurrence.
My Position
Partial to CCS/DM? I think a review of all my advice will show that I suggest bankruptcy probably about 90% of the time. There are actually few times that credit counseling is an appropriate solution. Most readers submit questions where they can’t make the minimum payments or a facing a loss of income.
In fact I’ve been criticized before for suggesting bankruptcy too often. See this response.
As far as non-profit getting a pass, the FTC does not have the authority to regulate bonafide nonprofits but the upcoming CFPB does. And as far as the loopholes I think the attorneys that normally represent debt settlement companies, Loeb & Loeb, wrote a very powerful piece covering this. See Loeb & Loeb Law Firm Issues Guidance to Debt Settlement Companies Looking at FTC Loopholes
I’m Too Negative on Debt Settlement
Time will tell if the debt settlement industry can clean itself up. I have been negative about a lot of the players, including the trade associations. But rightfully so.
You will find that I’ve also praised debt settlement companies like U.S. Debt Resolve, New Era, Northeast Settlement Group, etc. So not everything I’ve written has been negative.
The companies that have suffered are the minority of companies that are “good guys” that play by the rules in what otherwise has been an industry run amuck with avoidance to treating consumers fairly. But if the “good guys” want to shine in this otherwise tarnished industry they need to take it upon themselves to clean it up and not just leave it to me to point out the negative acts that harm consumers.
Steve

http://GetOutOfDebt.org Steve Rhode
Important new article out from debt settlement law firm warning about upcoming changes. See Big Debt Settlement Law Firm Says Don’t Be a Fool. No Loopholes and Exemptions for Attorney Model Debt Settlement.
http://www.undergroundelephant.com Debt Settlement Leads
Personally I think that the debt industry wont be effected by the new ftc regulations. I agree with your post. And you sound like you know what your talking about.
Light Bulb
Hi Candice,
I am not Sean, but will reply to your inanity:
You have proven yourself to be nothing more than a shill.
You cannot be taken within a pico of sincerity.
If I were to wager, I would place my bet that Steve published something that made you, a company you work for, or some similar effect on your ability, or amount that you are compensated.
Your apparent perception of recourse for said offense is to waste everyone’s time with some fabrication that readers can see right through.
Operating a blog does not require either BBB accreditation or a business license. You are certainly aware of that.
Be Well…

Candice
do all the poor people he is giving advice to know he doesnt have a business license???? didnt think so. this site is a sham get quick rich scheme like everything else out there.

http://GetOutOfDebt.org Steve Rhode
Candice,
I am not aware you can search for a local city or county business license on the web. I think you might be asking if a company is registered with the state but not all business entities are required to register.
Unless you can return your comments to one that is productive and about a specific topic or post, I’m afraid I’m going to have to mark your comments as spam from this point forward.
Please, let’s discuss a specific topic or question I have written about. If you can’t then I’ll have to flag your comments as spam and they will just fall into the spam folder for automatic deletion. I don’t want to do that, I’d rather have you participate in comments by providing advice and feedback regarding the topic or question.
Steve
The Bulb
Steve,
Please do share. How are you getting wealthy by not charging your readers a thing?
Many around the nation could use the details right about now.
(obviously tongue in cheek)

Candice
HE WONT REPLY TO PERSONAL EMAILS, BUT I CANNOT FIND ANY BUSINESS LICESNSE INFO OR BETTER BUSINESS BUREAU INFO ON DAMON DAY OR STEVE RHODES, MAYBE YOU HELP ME FIND THAT SEAN?
http://active-debt.com Sean Ryan
Candace- He wont reply to you, but approves your comments- Your unsubstantiated claims on his own blog…? That doesn’t make sense. (Oh, UNSUBSTANTIATED means groundless or unproven) If you had requested, received advice you could provide evidence, including the link to your question and his answer, or your previous emails…. or some from Steve…???
Light Bulb
Candice,
I find your claim a bit dubious. Steve does not get paid for answering consumers questions and more often than not, refers consumers to seek local attorney bankruptcy consultations.
In that the thread you are replying and getting attention on is geared toward debt settlement sales people and debt lead marketing, it just doesn’t smack of a credible complaint.
If you sought Steve’s input, it would have been on this site. Can you point to the specific thread URL that you did this on?
Not that you owe anyone reading this thread, least of all me, any explanation, but since I question the veracity and sincerity of your claim, would you be so kind as to outline in reply, what exact advice you were given that went so poorly it led to you having to file BK?
Unless you can do that, you come off as a whiner working in the debt relief industry who would rather blame Steve that you are not able to make your living in the same way you had before.
Just so you are aware, the changes to the TSR and many states enacting legislation to curb abuse in this field, started long before Steve’s coverage of it.
Much of it started in 2004 and has culminated into what we have today.
http://active-debt.com Sean Ryan
Andy- GOOOOOOD… We hope so- FTC’s past action has always been sporadic.
BTW, (and I can’t resist)what does Jude have against Steve… Hasn’t mentioned what he has done that bugs (her?). Leaves me to guess that she is involved in a company that is guilty of screwing consumers. Steve, regardless of any past affiliations, your advice seems entirely sound to me. Of course my company wears a black eye today- as a no upfront fee company EVER, due to the greed of the models poised to go out of business and screw millions of consumers in the very near future! I’ll just ask- Jude, why do you care?
Candice
No, wrong. I followed Steve and Damon’s advice and had claiming bankruptcy because it didnt work. I would file a BBB Complaint be he is registered or with his state attorney general. HE IS A FRAUD! And he wont email me back so I have to use other ways to get him to answer questions.

http://GetOutOfDebt.org Steve Rhode
Candice, Jude, or Joe Debt;
I noticed that you’ve posted under multiple names on this site. Why?
I’m not certain what you are referring to in your assertion about bankruptcy. Even if I had ever suggested bankruptcy, I always suggest that readers consult with a licensed attorney in their state. If you filed bankruptcy and had an issue with bankruptcy, wouldn’t that be an issue between you and the bankruptcy attorney?
I’m not sure what you are claiming about not emailing back. I do not assist people outside of this site so any assistance I would have rendered would be on the site. I can generally be reached here through the comments in followup to any previous question I answered. If you could direct me to your question I answered here on the site I’d be happy to review it.
It does not take a psychic to see you are upset about something with all of the personal attacks and messages you have posted under different names. I’m at a loss to understand what your particular issue is. Is it with an article I wrote? If so, let’s talk about that specific article, we can and I welcome having an open conversation about it and we will both get to present our sides of the issue on that article.
Steve
http://DamonDay.com Damon Day
Hmm, I don’t have any record of ever speaking with a Candice. If you are an actual client of mine, or have spoken with me, then you have my direct email and phone number. No client has ever called or emailed and told me they wanted to file a complaint with the BBB or the Attorney General.
So forgive me if I am mistaken, but something tells me you are a debt settlement sales person trying to attack me personally and mislead consumers because what I tell consumers threatens your paycheck.
If you want to file a complaint with the BBB then you can certainly do so. They will ask you to inform them of who you are and then they would give me an opportunity to respond to what you are saying. You haven’t contacted me directly, but if you wish to file a complaint I will be happy to respond to it.
Curiously, why are you attacking me in another thread demanding to see my business license and then posting information on 5 different Damon Day’s? If you were a client of mine, wouldn’t you know which Damon Day I was?
If you would like to file a complaint about me with the attorney general of California, you can go to http://www.ag.ca.gov/
They will want to know your contact information and what your specific complaint is, then they can contact me if they feel there is a need.

FRANK
You look like the guy from the blue oyster on police academy.
FRANK
You look like the guy from the blue oyster on police academy.THE ONE IN LEATHER CHAPS!!LOL
FRANK
You look like the guy from the blue oyster on police academy.THE ONE IN LEATHER!!

Light Bulb
Dear Candice and Jude,
Steve is about as open a person as you will possibly find anywhere, who reports on consumer issues. He actually lays his life bare for anyone to see. Show me anyone, in any publication, or any website, who does that.
What is missing from your requests is your angle.
What certs do you hold?
What is your financial background?
What do you do for a living?
How, in particular, are you affected by steve’s blog?
What, with specificity, to you take exception to on this blog?
Your not here for advice, that seems obvious.
I would suggest, based on your comment feedback, that you perceive Steve’s daily debt industry coverage as a threat to you current practices.
Just change the practices that put you in the cross-hairs of a reporter like Steve. Whammy – no need to get offended by Steve or others like him.
Are you posting and/or sending letters to the editors of Streitfield & Dash at the NY times? Kristoff at the LA times? How about the Chicago Tribune? How about the many, many more publications who expose the debt relief industry for what it has become?
Man/Woman up for petes sake and get to the meat of the matter.
Candice
What college did you go to and what degrees and certifications do you have?? What makes your opinions sound advice ?
jude
oh, you get paid from Cambridge Credit Counseling and Damon Day. Have you ever lived anyhwere besides North Carolina? Opinions are not PROFESSIONAL advice OR TACTICS, YOU DO NOT LIVE A PERFECT FINANCIAL LIFE. You are referring these people to companies or people that do the same thing you gripe and moan about. Remember Hitler, Bin Laden haD opinions too, but it doesnt and didnt make it right. You just recently started giving people advice. You are also taking advantage of people too. You do not know the struggles little lady who lives in Iowa that cant pay her bills with SSI, or the Doctor in San Fran, who’s practicce is down and he cant afford his $125,000 credit card debt. One day, and most likely soon, you are going to give the advice to someone who is in deep destress and they will follow it and it wont work and they will end commiting suicide as lots of people are doign right now, and your opinion will have you in court and being sued.
ALSO PLEASE ANWSWER THE QUESTIONS DIRECTLY INSTEAD OF REFERRING PEOPLE TO YOUR PRESS RELEASE WRITTEN BY WHAT SOMEONE ELSE TELLS YOU.

http://GetOutOfDebt.org Steve Rhode
You keep mentioning a press release. What press release? I’ve never sent out a release from this site?
I’ve been giving debt advice since 1994 so I don’t think that is “recently.” And again, for the record, I do not receive any money from Damon Day. My referral relationships are fully described in the site terms, here.
Steve

http://www.settleshort.com Andy Faria
Hey Sean,
I’m sure you will start seeing major enforcement of the TSR starting with the 9/27 deadline. You will see huge fines and probably lawsuits even before the 10/27 advance fee ban deadline.
http://active-debt.com Sean Ryan
I don’t know if you recall my prediction re: running to attorney model regardless of ruling from FTC. If it falls under the FTC definition of Debt Settlement, you cannot charge upfront fees- Period. Any sales company employing a back end for intrastate telemarketing of debt settlement services that charge BEFORE settlement is subject to a $16,000- fine PER VIOLATION. Thank God… Now, How, When & Who will enforce this? Rarely are the loan mod companies being shut down- I see that they are, however, two a week leaves thousands at the end of the year…
I know you know- or can find out! Those of us who intend to stay in business with the current allowable structure NEED the playing field to be even- These upfront attorney models are everywhere. Business as usual- We were promised 85% of the industry going away… Lead cost reduced… and so on. Simply knowing we won’t go to jail or be shut down is not enough. Seems like if the FTC really cares about consumers they will have a plan of rapid enforcement. What is it?
Jude
http://www.debtmanagementguys.com/blog/144/rebuttal-to-steve-rhode-the-get-out-of-debt-guy-dork/
what do you have to say about this??? you advertise on here a ton of debt settlement companies, you are A SCUM BAG TRYING TO GET RICH WITH DAMON DAY?? ALSO YOU USE TO BE ON THE SPRINGBOARD CREDIT CONS. DIRECTORS BOARD? REAL NICE JERK OFF! YOUR 15 MONTUTES WILL BE UP SOON JUST LIKE THE CRAPPY COMPANYS OUT THERE!

http://GetOutOfDebt.org Steve Rhode
Jude,
What do I have to say? I say you are entitled to your opinion.
However I don’t go around calling people names. Nice approach.
However you might want to read this post that covers another whole set of lies and misinformation.
My role for a short period of time on the Springboard board is not a secret. I’ve talked about that before and it’s even on my LinkedIn profile. You can read more about my background here.
Steve

jude
Why do you advertise debt settlement comapnies? please answer the question and do not refer me to the press release you issued? What type of licensing do you have? You seem to give out a lot of legal advice?? I was wondered how interested your state attorney general, FTC and American Bar Association would be to know your giving out “free advice” on a person’s financial situation and legal advice on what they should do regarding their financial well being. I understand you are bitter for your past filing of Bankruptcy, but it’s time the good guys out there start taking a beating fo the rotten eggs, when Oct 27th passes and the good is still standing what they of slander will you come up with then? And Will you still be advertising debt settlement companies on your website after Sept 27th? That should put a major dent in your pocket and hinder your ability to keep up your marketing for profit…….sorry I mean Blog.
http://GetOutOfDebt.org Steve Rhode
Jude,
For information on the ads you can either follow the link under the ads at the top or click here.
Steve

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Debt Settlement Marketers Still Selling Debt Leads

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