Category Archives: Debt Settlement Related

Citizens’ Debt Settlement Fund Pays to Settle Debts of Citizens in UAE: President His Highness Sheikh Khalifa bin Zayed Al Nahyan of the United Arab Emirates has just announced a national $2,722,600,000 fund for low-income debtors to use to settle their debts with a number of UAE and Dubai lenders. This fund will allow people to be able to settle their debts rather than face prosecution and [...]
Attorney Model Debt Settlement Employee Speaks Out On How It Really Works: My name is [redacted], and I worked for a debt settlement company in California known as [redacted] in 2010 and 2011. I was hired as a sales consultant, but was later moved into the negotiations department after most of our sales force was laid off as a resulting slowdown in our business due to the [...]
North Carolina Calls Consumer Law Group Bogus in Settlement Announcement: It appears an issue with North Carolina and Consumer Law Group finally came to an end. You can read past stories about Consumer Law Group here. What was most interesting about the Consumer Law Group action North Carolina took was the definition of what true attorney representation was in a debt settlement program. Not only [...]
Scathing Report From Allegro Law Debt Settlement Bankruptcy Drags In Others: Allegro Law was an attorney model debt settlement company that charged advanced fees for services to consumers. The group previously fell and Keith Nelms, Esq. was subsequently disbarred and filed a Chapter 7 bankruptcy, taking client deposits with it. The Allegro Law debacle follows in line with the mess created previously by Hess Kennedy, another [...]
Public Citizen Steps In to Oppose Persels & Associates and CareOne Class Settlement Offer to Consumers: The consumer advocacy group Public Citizen has stepped into a proposed class action suit involving a case against Persels & Associates and CareOne. The issues seems to be that the proposed class action settlement does not benefit consumers. A class of more than 120,000 people alleges that the law firm and an affiliated credit counseling [...]
Which is Cheaper: Credit Counseling, Debt Settlement, or Bankruptcy?: How can you determine what debt relief option is the right fit for a given set of cash flow limitations. The 3 options that people typically seek outside assistance with are Debt Management Plans (DMP), Debt Settlement Programs, and Bankruptcy. There are benefits and drawbacks to each option. Companies and people selling you a specific [...]
DIY Debt Settlement – How to Handle Lawsuits: If you or someone you know is going through a difficult debt situation and want to do something about it there are many options available to consider but it’s no secret that debts can be settled directly with creditors and with the overwhelming amount of information online, consumers are educating themselves on how to negotiate [...]
Reader Sends in More on Deceptive U.S. Federal Stimulus Package Mailer: I’ve previously written about a mailer going out that is making bold claims about debt reduction under the 2010 U.S. Federal Stimulus Package. You can see those posts here and here. This time a reader sent in the back and the front of the mailer. And if you thought the back of the mailer was [...]
Federal Stimulus Program Mailer. Yea, Avoid This One.: A reader just sent in a mailer they got recently. It looks like the mailers that were going out over a year ago and claiming special debt settlement benefits. This mailer claims to offer debt reduction benefits under the 2010 Federal Stimulus Program and then refers to it as the FSPL. Where the L came [...]
USOBA Renounces Fingo Group. Warns Consumers.: Recently I’ve written a couple of stories about the Fingo Group and in their contracts it says for consumers with issues to contact USOBA if they have any complaints or issues. Jenna Keehen from USOBA has just released a statement that makes it clear USOBA has no relationship with the Fingo Group. USOBA does not [...]
Reader Reports Successful Refund From Reorganization Management Group: I received an email from a reader that wanted to share information about a company I’ve written about before, Reorganization Management Group. @GetOutOfDebtGuy Steve: I wanted to point out to you a recent settlement we did with RMG. We were able to get $7500 back from this company. They settle thru Global Client Solutions. This [...]
Elimidebt Management Systems Wants to be Eliminated? Not Playing Nicely With WV AG.: New news out about Florida based Elimidebt Management Systems seems to indicate the West Virginia Attorney General is none too happy with them or Thomas Roland, the guy behind DebtWave Credit Counseling and Coastal Credit Solutions. After looking at the Elimidebt website it appears they are trying to steer people away from bankruptcy and into [...]
Utah Not Happy With Morgan Drexen Press Release About Licensing: On October 26, 2011 Morgan Drexen sent out a press release titled “Success for Morgan Drexen as Utah Confirms Compliance.” Following the release I made an inquiry with the State of Utah at the request of a reader who had a question about the information in the release. Let me sum up the State of [...]
Reader Wants to Know What’s Up With NoteWorld Lawsuit: A reader sent in a comment, “I have been following the Noteworld class action suit from afar. Are you aware of a settlement in this case? Thanks for all the good work you do out there and your help with this is much appreciated.” I have not checked on the case in a while, so [...]
How Much Christian Debt Relief is Too Much Christian Debt Relief?: A reader and tipster directed my attention to a press release sent out last Friday by Nationwide Debt Reduction. – Source The press release directs readers to the website for nationwidedr.com. That’s where I found the marketing and information I’m going to talk about below. Once you land on the home page of Nationwide Debt [...]