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FTC Speaks Out a Bit More on Attorney Model Debt Settlement

In an article that appeared this morning on CNN, Evan Zullow from the FTC is quoted as saying:

Evan Zullow, an attorney in the FTC’s division of financial practices, said he’s aware that companies are looking for loopholes. The FTC, he said, is closely monitoring the industry to make “sure that what they’re doing actually meets the exception.”

Simply hiring lawyers and calling the debt-fixing company a law firm, for example, or meeting with customers at Starbucks to sign paperwork won’t cut it, he said. Settlement companies must give actual in-person sales presentations if they want to collect upfront fees, according to the FTC.

So for all those that are concerned over the debt settlement companies that might be trying to find a way around the FTC telemarketing sales rules regarding up-front fees for debt settlement sales, it clearly appears the FTC is on the job and watching.

And then it happened, as I was reading further down, the article actually mentions this site. Wow!

Debt settlement companies might also move their operations offshore to evade regulation. Steve Rhode, a consumer advocate and founder of Getoutofdebt.org, a website providing debt relief advice, published slides from a presentation that The Association of Settlement Companies, a debt settlement industry group, gave at a recent industry conference.

FTC Speaks Out a Bit More on Attorney Model Debt Settlement
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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • ComplianceSlave

    I think I’ll go over to loan modification forum for a while and give everyone my opinion. I don’t have any interest in it, but i’m entitled to give it.
    Ive been in this business a long time. I am in the trenches. My company (again) is 1 in a thousand that never charged up front for our work. I watched all the settlement companies and their affiliates get rich while helping maybe 10% of their clients. I watched them grow their phone rooms as they collected those hefty up front fees into very large rooms. I spoke to potential clients and told them the truth while they were being lied to by every other company we came across.
    The new FTC rule is in place to insure that clients get value for their dollar. When they paid up front and things got worse & missed a payment, they lost all their money. When things got better & they no longer needed the service, they lost all their money. When they stayed the same & had NO money saved after 18 months, they had nothing to offer & got sued without the ability to negotiate & lost all their money.
    We graduate 80% of our clients. And those that fall out get their money back. Every dime. If a potential client did not fit our program because they had too little income, should file for bankruptcy or were too well off, we told them they did not need our help. We watched while your friends at Legal “Helpers” magically fit everyone into their program.
    How dare you come to this board and tell me or the like minded companies that ARE interested in the truth, and who are interested in exposing the bad players & keeping a needed industry available to people in debt what you think? Those of us on this board unfairly wear a black eye in this industry because of those very bad companies. Now you, who admits you have no interest here, are going to support a company that has demonstrated they could less about their own clients? If Legal Helpers was interested in helping their clients they would offer their services on contingency. The problem with not getting paid up front, though, is that without that money you can not pay affiliate sales office 70% of the client fee to sell your program. When a law firm has affiliate sales rooms who they pay that much money to, that is an indication of a defect in the program. Lawyers can not split fees with non lawyers. How is it LHDR can be practicing law and paying 70% out to affiliate sales companies? There’s more- My guess is they are likely also violating Model Rules Of Professional Conduct for State Bars under these too: 1.2, 1.3, 1.4, 1.5, 1.7, 1.15, 5.3, 5.5, 7.1(b)(2), 7.2, 8.4(3), 8.4(4).
    Until you’ve walked a mile in our shoes, why don’t you keep your ignorant opinions to yourself? If you truly have no interest here, leave. You have no truth to tell because you have no experience.

  • ComplianceSlave

    I think I’ll go over to loan modification forum for a while and give everyone my opinion. I don’t have any interest in it, but i’m entitled to give it.
    Ive been in this business a long time. I am in the trenches. My company (again) is 1 in a thousand that never charged up front for our work. I watched all the settlement companies and their affiliates get rich while helping maybe 10% of their clients. I watched them grow their phone rooms as they collected those hefty up front fees into very large rooms. I spoke to potential clients and told them the truth while they were being lied to by every other company we came across.
    The new FTC rule is in place to insure that clients get value for their dollar. When they paid up front and things got worse & missed a payment, they lost all their money. When things got better & they no longer needed the service, they lost all their money. When they stayed the same & had NO money saved after 18 months, they had nothing to offer & got sued without the ability to negotiate & lost all their money.
    We graduate 80% of our clients. And those that fall out get their money back. Every dime. If a potential client did not fit our program because they had too little income, should file for bankruptcy or were too well off, we told them they did not need our help. We watched while your friends at Legal “Helpers” magically fit everyone into their program.
    How dare you come to this board and tell me or the like minded companies that ARE interested in the truth, and who are interested in exposing the bad players & keeping a needed industry available to people in debt what you think? Those of us on this board unfairly wear a black eye in this industry because of those very bad companies. Now you, who admits you have no interest here, are going to support a company that has demonstrated they could less about their own clients? If Legal Helpers was interested in helping their clients they would offer their services on contingency. The problem with not getting paid up front, though, is that without that money you can not pay affiliate sales office 70% of the client fee to sell your program. When a law firm has affiliate sales rooms who they pay that much money to, that is an indication of a defect in the program. Lawyers can not split fees with non lawyers. How is it LHDR can be practicing law and paying 70% out to affiliate sales companies? There’s more- My guess is they are likely also violating Model Rules Of Professional Conduct for State Bars under these too: 1.2, 1.3, 1.4, 1.5, 1.7, 1.15, 5.3, 5.5, 7.1(b)(2), 7.2, 8.4(3), 8.4(4).
    Until you’ve walked a mile in our shoes, why don’t you keep your ignorant opinions to yourself? If you truly have no interest here, leave. You have no truth to tell because you have no experience.

  • ComplianceSlave

    I think I’ll go over to loan modification forum for a while and give everyone my opinion. I don’t have any interest in it, but i’m entitled to give it.
    Ive been in this business a long time. I am in the trenches. My company (again) is 1 in a thousand that never charged up front for our work. I watched all the settlement companies and their affiliates get rich while helping maybe 10% of their clients. I watched them grow their phone rooms as they collected those hefty up front fees into very large rooms. I spoke to potential clients and told them the truth while they were being lied to by every other company we came across.
    The new FTC rule is in place to insure that clients get value for their dollar. When they paid up front and things got worse & missed a payment, they lost all their money. When things got better & they no longer needed the service, they lost all their money. When they stayed the same & had NO money saved after 18 months, they had nothing to offer & got sued without the ability to negotiate & lost all their money.
    We graduate 80% of our clients. And those that fall out get their money back. Every dime. If a potential client did not fit our program because they had too little income, should file for bankruptcy or were too well off, we told them they did not need our help. We watched while your friends at Legal “Helpers” magically fit everyone into their program.
    How dare you come to this board and tell me or the like minded companies that ARE interested in the truth, and who are interested in exposing the bad players & keeping a needed industry available to people in debt what you think? Those of us on this board unfairly wear a black eye in this industry because of those very bad companies. Now you, who admits you have no interest here, are going to support a company that has demonstrated they could less about their own clients? If Legal Helpers was interested in helping their clients they would offer their services on contingency. The problem with not getting paid up front, though, is that without that money you can not pay affiliate sales office 70% of the client fee to sell your program. When a law firm has affiliate sales rooms who they pay that much money to, that is an indication of a defect in the program. Lawyers can not split fees with non lawyers. How is it LHDR can be practicing law and paying 70% out to affiliate sales companies? There’s more- My guess is they are likely also violating Model Rules Of Professional Conduct for State Bars under these too: 1.2, 1.3, 1.4, 1.5, 1.7, 1.15, 5.3, 5.5, 7.1(b)(2), 7.2, 8.4(3), 8.4(4).
    Until you’ve walked a mile in our shoes, why don’t you keep your ignorant opinions to yourself? If you truly have no interest here, leave. You have no truth to tell because you have no experience.

  • ComplianceSlave

    I think I’ll go over to loan modification forum for a while and give everyone my opinion. I don’t have any interest in it, but i’m entitled to give it.
    Ive been in this business a long time. I am in the trenches. My company (again) is 1 in a thousand that never charged up front for our work. I watched all the settlement companies and their affiliates get rich while helping maybe 10% of their clients. I watched them grow their phone rooms as they collected those hefty up front fees into very large rooms. I spoke to potential clients and told them the truth while they were being lied to by every other company we came across.
    The new FTC rule is in place to insure that clients get value for their dollar. When they paid up front and things got worse & missed a payment, they lost all their money. When things got better & they no longer needed the service, they lost all their money. When they stayed the same & had NO money saved after 18 months, they had nothing to offer & got sued without the ability to negotiate & lost all their money.
    We graduate 80% of our clients. And those that fall out get their money back. Every dime. If a potential client did not fit our program because they had too little income, should file for bankruptcy or were too well off, we told them they did not need our help. We watched while your friends at Legal “Helpers” magically fit everyone into their program.
    How dare you come to this board and tell me or the like minded companies that ARE interested in the truth, and who are interested in exposing the bad players & keeping a needed industry available to people in debt what you think? Those of us on this board unfairly wear a black eye in this industry because of those very bad companies. Now you, who admits you have no interest here, are going to support a company that has demonstrated they could less about their own clients? If Legal Helpers was interested in helping their clients they would offer their services on contingency. The problem with not getting paid up front, though, is that without that money you can not pay affiliate sales office 70% of the client fee to sell your program. When a law firm has affiliate sales rooms who they pay that much money to, that is an indication of a defect in the program. Lawyers can not split fees with non lawyers. How is it LHDR can be practicing law and paying 70% out to affiliate sales companies? There’s more- My guess is they are likely also violating Model Rules Of Professional Conduct for State Bars under these too: 1.2, 1.3, 1.4, 1.5, 1.7, 1.15, 5.3, 5.5, 7.1(b)(2), 7.2, 8.4(3), 8.4(4).
    Until you’ve walked a mile in our shoes, why don’t you keep your ignorant opinions to yourself? If you truly have no interest here, leave. You have no truth to tell because you have no experience.

  • ComplianceSlave

    I think I’ll go over to loan modification forum for a while and give everyone my opinion. I don’t have any interest in it, but i’m entitled to give it.
    Ive been in this business a long time. I am in the trenches. My company (again) is 1 in a thousand that never charged up front for our work. I watched all the settlement companies and their affiliates get rich while helping maybe 10% of their clients. I watched them grow their phone rooms as they collected those hefty up front fees into very large rooms. I spoke to potential clients and told them the truth while they were being lied to by every other company we came across.
    The new FTC rule is in place to insure that clients get value for their dollar. When they paid up front and things got worse & missed a payment, they lost all their money. When things got better & they no longer needed the service, they lost all their money. When they stayed the same & had NO money saved after 18 months, they had nothing to offer & got sued without the ability to negotiate & lost all their money.
    We graduate 80% of our clients. And those that fall out get their money back. Every dime. If a potential client did not fit our program because they had too little income, should file for bankruptcy or were too well off, we told them they did not need our help. We watched while your friends at Legal “Helpers” magically fit everyone into their program.
    How dare you come to this board and tell me or the like minded companies that ARE interested in the truth, and who are interested in exposing the bad players & keeping a needed industry available to people in debt what you think? Those of us on this board unfairly wear a black eye in this industry because of those very bad companies. Now you, who admits you have no interest here, are going to support a company that has demonstrated they could less about their own clients? If Legal Helpers was interested in helping their clients they would offer their services on contingency. The problem with not getting paid up front, though, is that without that money you can not pay affiliate sales office 70% of the client fee to sell your program. When a law firm has affiliate sales rooms who they pay that much money to, that is an indication of a defect in the program. Lawyers can not split fees with non lawyers. How is it LHDR can be practicing law and paying 70% out to affiliate sales companies? There’s more- My guess is they are likely also violating Model Rules Of Professional Conduct for State Bars under these too: 1.2, 1.3, 1.4, 1.5, 1.7, 1.15, 5.3, 5.5, 7.1(b)(2), 7.2, 8.4(3), 8.4(4).
    Until you’ve walked a mile in our shoes, why don’t you keep your ignorant opinions to yourself? If you truly have no interest here, leave. You have no truth to tell because you have no experience.

  • FindTheTruth

    Yes the government should offer a credit card like a student loan that can’t be put in BK or settled so the public understands debt and it is not something to just play with. The government should not over regulate, two different things. I said nothing about places posing as law groups but if you are represented legally in court that is not posing if you are not getting legal representation I personally feel there is no place for you.
    The spirt of the law ? LOL you are the foolish one laws are worked around like crazy they are written to have work that. The spirt of free speech was not to have people like wiki-leaks but we have it and have to deal with it.
    I said this site was and it comments were a back and forth with about 20 people and it is true. I know what I am talking about. What is my interest honestly people like are because you are the largest part of the problem today, Ed Rendell said it best. If you were all really concerned about the client you would not be in debt settlement at all. You are all one and the same except for those who don’t do anything and just take money. Last time I checked also the object of a business was to make money and make money in the framework of the law and that is what you fault people for? It is all back to that post where I said there is lots of slander here saying I am this or that is just that slander. My interest is getting this country back on its feet with men and woman who work hard and stop acting like a bunch of babies. But what is yours to just tear every company down because you think it makes you look better? Like I said it is all about presentation all you try to do is twist words. I am interested in getting into a back and forth about this and that. If you accepted what people do in general and then point out why your product is better rather than tearing down it works much better.

  • ComplianceSlave

    In your 1st post you wrote “the government should step in and offer a program and government back credit cards and eliminate this whole sector.” & now you say “The consumer needs to make the choice, the more the government regulates the worse it gets for consumers.”
    We have participated in government studies, have participated with The FTC. Are they watching out for US consumers? The FTC’s words are that “debt settlement companies posing as law groups in order to circumvent the new rule & continue to charge fees before providing any service is not in the spirit of the law”
    Then you say “But to say this person is going to shut them down for this and that, that is not for you to say.” Where did I say that?
    Lastly you said “all the back and forth between the same 20 people or so really takes away from the core message of the site.” Well there are only about 20 companies who have from the start made an honest effort to comply with the new federal law. 20 out of 3000. Either you’re an affiliate for LDHR (explain how that’s legal, or youre a fool and know nothing about what youre saying. My guess is that youre both. Didnt Mark Twain say “better I keep my mouth shut and have everyone think me a fool, than to open my mouth and remove all doubt?”
    If you have no interest in this industry, than why are you here?

  • FindTheTruth

    My interest on this board? What is yours? The new rule states that if you are an attorney and meet face to face you can charge upfront fees. It does not apply to anyone. I am not involved in the debt industry at all but it really bother me that people come out and just shoot their mouth off and don’t really know all the facts. In any business there are bad apples but in a forum like this for people to hide and throw jabs behind a screen name is foolish and in many cases here it is slander. These comments are just so slanted, it is quite clear that this is a bunch of debt settlement cronies trying to discredit everybody else. Then a bunch of people who are being talked about coming in and fighting back and taking shots at the people behind it. This is part of the problem with this country and in general a bunch of children hiding behind names and pointing fingers instead of standing up and letting their product talk. I am going to run and report you and I am going to say this about you. The consumer needs to make the choice, the more the government regulates the worse it gets for consumers. Watch the mortgage market and student loan market without the private sector the consumer will get killed. The same with this industry or gas prices and many other products. At the end of the day it is buyer beware the laws for unfair trade practices are vague enough to go after anybody they want. But it is clear this industry will get phased out it just depends on how the credit card companies lobby and how they deal with the debt consolidation part because that is more crooked than debt settlement. It is not fair to the people who care but in any industry the quick buck artist will always be around. I used the name legal helpers because they seem to be a a big topic of conversation on here. I do not know enough about them to comment but under this new rule if you said what they are doing is legal but our program may be in your best interest because of these reasons it would be very reasonable. But to say this person is going to shut them down for this and that, that is not for you to say. Now the law firm will come back and say we are lawyers and represent you legally. It is business at it’s finest and the consumer makes the choice. That is what it is all about not being force fed laws, regulation, health care, benefits, and bailouts. Life is all about presentations and the way things are presented could really strengthen the message because all the back and forth between the same 20 people or so really takes away from the core message of the site.

  • ComplianceSlave

    Take a look at Legal Helpers track record of helping their clients. Their “retainer” before had no guarantees and NO representation.
    The new Fed rule is set to force anyone in debt settlement to earn their money by producing results and getting paid for those results.
    What is your interest on this board?

  • FindTheTruth

    I just don’t understand if an attorney meets with a client face to face like Legal Helpers does and the FTC clearly has this exception why do is there such backlash? Go to law school if you are smart enough … lawyers should have an advantage because they went to school and they represent the clients if sued. It is a valuable service and the FTC gave the exception and I understand most of your guys on here are trying to make a living and are angry but honestly the more noise that keeps being made is just going to totally shut the entire industry down. No more debt settlement period all of you will be out of work and looking the next business and your loopholes calling it something else. Any form of debt settlement without legal representation should be banned and all these fake not for profits should be banned too and any agency that gets paid by the credit card companies will be gone too. This whole aspect is just bad and the government should step in and offer a program and government back credit cards and eliminate this whole sector.

  • FindTheTruth

    I just don’t understand if an attorney meets with a client face to face like Legal Helpers does and the FTC clearly has this exception why do is there such backlash? Go to law school if you are smart enough … lawyers should have an advantage because they went to school and they represent the clients if sued. It is a valuable service and the FTC gave the exception and I understand most of your guys on here are trying to make a living and are angry but honestly the more noise that keeps being made is just going to totally shut the entire industry down. No more debt settlement period all of you will be out of work and looking the next business and your loopholes calling it something else. Any form of debt settlement without legal representation should be banned and all these fake not for profits should be banned too and any agency that gets paid by the credit card companies will be gone too. This whole aspect is just bad and the government should step in and offer a program and government back credit cards and eliminate this whole sector.

    • http://www.ftc.gov ComplianceSlave

      Take a look at Legal Helpers track record of helping their clients. Their “retainer” before had no guarantees and NO representation.
      The new Fed rule is set to force anyone in debt settlement to earn their money by producing results and getting paid for those results.
      What is your interest on this board?

      • FindTheTruth

        My interest on this board? What is yours? The new rule states that if you are an attorney and meet face to face you can charge upfront fees. It does not apply to anyone. I am not involved in the debt industry at all but it really bother me that people come out and just shoot their mouth off and don’t really know all the facts. In any business there are bad apples but in a forum like this for people to hide and throw jabs behind a screen name is foolish and in many cases here it is slander. These comments are just so slanted, it is quite clear that this is a bunch of debt settlement cronies trying to discredit everybody else. Then a bunch of people who are being talked about coming in and fighting back and taking shots at the people behind it. This is part of the problem with this country and in general a bunch of children hiding behind names and pointing fingers instead of standing up and letting their product talk. I am going to run and report you and I am going to say this about you. The consumer needs to make the choice, the more the government regulates the worse it gets for consumers. Watch the mortgage market and student loan market without the private sector the consumer will get killed. The same with this industry or gas prices and many other products. At the end of the day it is buyer beware the laws for unfair trade practices are vague enough to go after anybody they want. But it is clear this industry will get phased out it just depends on how the credit card companies lobby and how they deal with the debt consolidation part because that is more crooked than debt settlement. It is not fair to the people who care but in any industry the quick buck artist will always be around. I used the name legal helpers because they seem to be a a big topic of conversation on here. I do not know enough about them to comment but under this new rule if you said what they are doing is legal but our program may be in your best interest because of these reasons it would be very reasonable. But to say this person is going to shut them down for this and that, that is not for you to say. Now the law firm will come back and say we are lawyers and represent you legally. It is business at it’s finest and the consumer makes the choice. That is what it is all about not being force fed laws, regulation, health care, benefits, and bailouts. Life is all about presentations and the way things are presented could really strengthen the message because all the back and forth between the same 20 people or so really takes away from the core message of the site.

      • http://www.ftc.gov ComplianceSlave

        In your 1st post you wrote “the government should step in and offer a program and government back credit cards and eliminate this whole sector.” & now you say “The consumer needs to make the choice, the more the government regulates the worse it gets for consumers.”
        We have participated in government studies, have participated with The FTC. Are they watching out for US consumers? The FTC’s words are that “debt settlement companies posing as law groups in order to circumvent the new rule & continue to charge fees before providing any service is not in the spirit of the law”
        Then you say “But to say this person is going to shut them down for this and that, that is not for you to say.” Where did I say that?
        Lastly you said “all the back and forth between the same 20 people or so really takes away from the core message of the site.” Well there are only about 20 companies who have from the start made an honest effort to comply with the new federal law. 20 out of 3000. Either you’re an affiliate for LDHR (explain how that’s legal, or youre a fool and know nothing about what youre saying. My guess is that youre both. Didnt Mark Twain say “better I keep my mouth shut and have everyone think me a fool, than to open my mouth and remove all doubt?”
        If you have no interest in this industry, than why are you here?

      • FindTheTruth

        Yes the government should offer a credit card like a student loan that can’t be put in BK or settled so the public understands debt and it is not something to just play with. The government should not over regulate, two different things. I said nothing about places posing as law groups but if you are represented legally in court that is not posing if you are not getting legal representation I personally feel there is no place for you.
        The spirt of the law ? LOL you are the foolish one laws are worked around like crazy they are written to have work that. The spirt of free speech was not to have people like wiki-leaks but we have it and have to deal with it.
        I said this site was and it comments were a back and forth with about 20 people and it is true. I know what I am talking about. What is my interest honestly people like are because you are the largest part of the problem today, Ed Rendell said it best. If you were all really concerned about the client you would not be in debt settlement at all. You are all one and the same except for those who don’t do anything and just take money. Last time I checked also the object of a business was to make money and make money in the framework of the law and that is what you fault people for? It is all back to that post where I said there is lots of slander here saying I am this or that is just that slander. My interest is getting this country back on its feet with men and woman who work hard and stop acting like a bunch of babies. But what is yours to just tear every company down because you think it makes you look better? Like I said it is all about presentation all you try to do is twist words. I am interested in getting into a back and forth about this and that. If you accepted what people do in general and then point out why your product is better rather than tearing down it works much better.

      • http://www.ftc.gov ComplianceSlave

        I think I’ll go over to loan modification forum for a while and give everyone my opinion. I don’t have any interest in it, but i’m entitled to give it.
        Ive been in this business a long time. I am in the trenches. My company (again) is 1 in a thousand that never charged up front for our work. I watched all the settlement companies and their affiliates get rich while helping maybe 10% of their clients. I watched them grow their phone rooms as they collected those hefty up front fees into very large rooms. I spoke to potential clients and told them the truth while they were being lied to by every other company we came across.
        The new FTC rule is in place to insure that clients get value for their dollar. When they paid up front and things got worse & missed a payment, they lost all their money. When things got better & they no longer needed the service, they lost all their money. When they stayed the same & had NO money saved after 18 months, they had nothing to offer & got sued without the ability to negotiate & lost all their money.
        We graduate 80% of our clients. And those that fall out get their money back. Every dime. If a potential client did not fit our program because they had too little income, should file for bankruptcy or were too well off, we told them they did not need our help. We watched while your friends at Legal “Helpers” magically fit everyone into their program.
        How dare you come to this board and tell me or the like minded companies that ARE interested in the truth, and who are interested in exposing the bad players & keeping a needed industry available to people in debt what you think? Those of us on this board unfairly wear a black eye in this industry because of those very bad companies. Now you, who admits you have no interest here, are going to support a company that has demonstrated they could less about their own clients? If Legal Helpers was interested in helping their clients they would offer their services on contingency. The problem with not getting paid up front, though, is that without that money you can not pay affiliate sales office 70% of the client fee to sell your program. When a law firm has affiliate sales rooms who they pay that much money to, that is an indication of a defect in the program. Lawyers can not split fees with non lawyers. How is it LHDR can be practicing law and paying 70% out to affiliate sales companies? There’s more- My guess is they are likely also violating Model Rules Of Professional Conduct for State Bars under these too: 1.2, 1.3, 1.4, 1.5, 1.7, 1.15, 5.3, 5.5, 7.1(b)(2), 7.2, 8.4(3), 8.4(4).
        Until you’ve walked a mile in our shoes, why don’t you keep your ignorant opinions to yourself? If you truly have no interest here, leave. You have no truth to tell because you have no experience.

      • http://www.ftc.gov ComplianceSlave

        I think I’ll go over to loan modification forum for a while and give everyone my opinion. I don’t have any interest in it, but i’m entitled to give it.
        Ive been in this business a long time. I am in the trenches. My company (again) is 1 in a thousand that never charged up front for our work. I watched all the settlement companies and their affiliates get rich while helping maybe 10% of their clients. I watched them grow their phone rooms as they collected those hefty up front fees into very large rooms. I spoke to potential clients and told them the truth while they were being lied to by every other company we came across.
        The new FTC rule is in place to insure that clients get value for their dollar. When they paid up front and things got worse & missed a payment, they lost all their money. When things got better & they no longer needed the service, they lost all their money. When they stayed the same & had NO money saved after 18 months, they had nothing to offer & got sued without the ability to negotiate & lost all their money.
        We graduate 80% of our clients. And those that fall out get their money back. Every dime. If a potential client did not fit our program because they had too little income, should file for bankruptcy or were too well off, we told them they did not need our help. We watched while your friends at Legal “Helpers” magically fit everyone into their program.
        How dare you come to this board and tell me or the like minded companies that ARE interested in the truth, and who are interested in exposing the bad players & keeping a needed industry available to people in debt what you think? Those of us on this board unfairly wear a black eye in this industry because of those very bad companies. Now you, who admits you have no interest here, are going to support a company that has demonstrated they could less about their own clients? If Legal Helpers was interested in helping their clients they would offer their services on contingency. The problem with not getting paid up front, though, is that without that money you can not pay affiliate sales office 70% of the client fee to sell your program. When a law firm has affiliate sales rooms who they pay that much money to, that is an indication of a defect in the program. Lawyers can not split fees with non lawyers. How is it LHDR can be practicing law and paying 70% out to affiliate sales companies? There’s more- My guess is they are likely also violating Model Rules Of Professional Conduct for State Bars under these too: 1.2, 1.3, 1.4, 1.5, 1.7, 1.15, 5.3, 5.5, 7.1(b)(2), 7.2, 8.4(3), 8.4(4).
        Until you’ve walked a mile in our shoes, why don’t you keep your ignorant opinions to yourself? If you truly have no interest here, leave. You have no truth to tell because you have no experience.

      • http://www.ftc.gov ComplianceSlave

        I think I’ll go over to loan modification forum for a while and give everyone my opinion. I don’t have any interest in it, but i’m entitled to give it.
        Ive been in this business a long time. I am in the trenches. My company (again) is 1 in a thousand that never charged up front for our work. I watched all the settlement companies and their affiliates get rich while helping maybe 10% of their clients. I watched them grow their phone rooms as they collected those hefty up front fees into very large rooms. I spoke to potential clients and told them the truth while they were being lied to by every other company we came across.
        The new FTC rule is in place to insure that clients get value for their dollar. When they paid up front and things got worse & missed a payment, they lost all their money. When things got better & they no longer needed the service, they lost all their money. When they stayed the same & had NO money saved after 18 months, they had nothing to offer & got sued without the ability to negotiate & lost all their money.
        We graduate 80% of our clients. And those that fall out get their money back. Every dime. If a potential client did not fit our program because they had too little income, should file for bankruptcy or were too well off, we told them they did not need our help. We watched while your friends at Legal “Helpers” magically fit everyone into their program.
        How dare you come to this board and tell me or the like minded companies that ARE interested in the truth, and who are interested in exposing the bad players & keeping a needed industry available to people in debt what you think? Those of us on this board unfairly wear a black eye in this industry because of those very bad companies. Now you, who admits you have no interest here, are going to support a company that has demonstrated they could less about their own clients? If Legal Helpers was interested in helping their clients they would offer their services on contingency. The problem with not getting paid up front, though, is that without that money you can not pay affiliate sales office 70% of the client fee to sell your program. When a law firm has affiliate sales rooms who they pay that much money to, that is an indication of a defect in the program. Lawyers can not split fees with non lawyers. How is it LHDR can be practicing law and paying 70% out to affiliate sales companies? There’s more- My guess is they are likely also violating Model Rules Of Professional Conduct for State Bars under these too: 1.2, 1.3, 1.4, 1.5, 1.7, 1.15, 5.3, 5.5, 7.1(b)(2), 7.2, 8.4(3), 8.4(4).
        Until you’ve walked a mile in our shoes, why don’t you keep your ignorant opinions to yourself? If you truly have no interest here, leave. You have no truth to tell because you have no experience.

      • http://www.ftc.gov ComplianceSlave

        I think I’ll go over to loan modification forum for a while and give everyone my opinion. I don’t have any interest in it, but i’m entitled to give it.
        Ive been in this business a long time. I am in the trenches. My company (again) is 1 in a thousand that never charged up front for our work. I watched all the settlement companies and their affiliates get rich while helping maybe 10% of their clients. I watched them grow their phone rooms as they collected those hefty up front fees into very large rooms. I spoke to potential clients and told them the truth while they were being lied to by every other company we came across.
        The new FTC rule is in place to insure that clients get value for their dollar. When they paid up front and things got worse & missed a payment, they lost all their money. When things got better & they no longer needed the service, they lost all their money. When they stayed the same & had NO money saved after 18 months, they had nothing to offer & got sued without the ability to negotiate & lost all their money.
        We graduate 80% of our clients. And those that fall out get their money back. Every dime. If a potential client did not fit our program because they had too little income, should file for bankruptcy or were too well off, we told them they did not need our help. We watched while your friends at Legal “Helpers” magically fit everyone into their program.
        How dare you come to this board and tell me or the like minded companies that ARE interested in the truth, and who are interested in exposing the bad players & keeping a needed industry available to people in debt what you think? Those of us on this board unfairly wear a black eye in this industry because of those very bad companies. Now you, who admits you have no interest here, are going to support a company that has demonstrated they could less about their own clients? If Legal Helpers was interested in helping their clients they would offer their services on contingency. The problem with not getting paid up front, though, is that without that money you can not pay affiliate sales office 70% of the client fee to sell your program. When a law firm has affiliate sales rooms who they pay that much money to, that is an indication of a defect in the program. Lawyers can not split fees with non lawyers. How is it LHDR can be practicing law and paying 70% out to affiliate sales companies? There’s more- My guess is they are likely also violating Model Rules Of Professional Conduct for State Bars under these too: 1.2, 1.3, 1.4, 1.5, 1.7, 1.15, 5.3, 5.5, 7.1(b)(2), 7.2, 8.4(3), 8.4(4).
        Until you’ve walked a mile in our shoes, why don’t you keep your ignorant opinions to yourself? If you truly have no interest here, leave. You have no truth to tell because you have no experience.

      • http://www.ftc.gov ComplianceSlave

        I think I’ll go over to loan modification forum for a while and give everyone my opinion. I don’t have any interest in it, but i’m entitled to give it.
        Ive been in this business a long time. I am in the trenches. My company (again) is 1 in a thousand that never charged up front for our work. I watched all the settlement companies and their affiliates get rich while helping maybe 10% of their clients. I watched them grow their phone rooms as they collected those hefty up front fees into very large rooms. I spoke to potential clients and told them the truth while they were being lied to by every other company we came across.
        The new FTC rule is in place to insure that clients get value for their dollar. When they paid up front and things got worse & missed a payment, they lost all their money. When things got better & they no longer needed the service, they lost all their money. When they stayed the same & had NO money saved after 18 months, they had nothing to offer & got sued without the ability to negotiate & lost all their money.
        We graduate 80% of our clients. And those that fall out get their money back. Every dime. If a potential client did not fit our program because they had too little income, should file for bankruptcy or were too well off, we told them they did not need our help. We watched while your friends at Legal “Helpers” magically fit everyone into their program.
        How dare you come to this board and tell me or the like minded companies that ARE interested in the truth, and who are interested in exposing the bad players & keeping a needed industry available to people in debt what you think? Those of us on this board unfairly wear a black eye in this industry because of those very bad companies. Now you, who admits you have no interest here, are going to support a company that has demonstrated they could less about their own clients? If Legal Helpers was interested in helping their clients they would offer their services on contingency. The problem with not getting paid up front, though, is that without that money you can not pay affiliate sales office 70% of the client fee to sell your program. When a law firm has affiliate sales rooms who they pay that much money to, that is an indication of a defect in the program. Lawyers can not split fees with non lawyers. How is it LHDR can be practicing law and paying 70% out to affiliate sales companies? There’s more- My guess is they are likely also violating Model Rules Of Professional Conduct for State Bars under these too: 1.2, 1.3, 1.4, 1.5, 1.7, 1.15, 5.3, 5.5, 7.1(b)(2), 7.2, 8.4(3), 8.4(4).
        Until you’ve walked a mile in our shoes, why don’t you keep your ignorant opinions to yourself? If you truly have no interest here, leave. You have no truth to tell because you have no experience.

  • ComplianceSlave

    Right on!

  • http://www.ftc.gov ComplianceSlave

    Right on!

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