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Debt Settlement Related

NuHavens Refuses to Give Refund 80 Year Old for Debt Relief Services Never Delivered. Winds Up on TV,

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A tipster (send in your tips here) sent in a link to a story by WTKR about a debt relief company called NuHavens who labels themselves as consumer advocates. It sure does not appear to be much advocacy going on here. According to WTKR, 80 year old Brigitte Musial paid NuHavens to negotiate her debt. Things did not work out ... Read More »

The Alleged LHDR Client Experience in Pictures

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After listening to and reading about countless stories from unhappy former clients of Legal Helpers Debt Resolution, reviewing their contract myself, and observing the process they put their clients through, I have formed a personal opinion about the business model of Legal Helpers Debt Resolution and in past articles I have not been shy about my complaints. Judging from the ... Read More »

Ridiculous Debt Relief Mailer – Avoid Credit Card Responsibility and Disclosure Act of 2011.

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Thanks to another wonderful tipster (send in your tips here), here is another version of the sudden wave of misleading and deceptive debt relief mailers that are being sent out. This one is titled the Credit Card Responsibility and Disclosure Act of 2011. What is blazingly stupid is that in the very first sentence it refers to the Credit Card ... Read More »

Deceptive Debt Relief Flyers Being Sent Out. Beware!

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For some reason there has been a resurrection of a previously sent debt settlement flyer. The flyer makes all sorts of promises about magical debt reduction but it certainly appears to be nothing more than a shining example of the type of debt relief marketing material that was made illegal under the FTC telemarketing sales rules. This particular mailer is ... Read More »

Debt Settlement: Top Ten Most Misunderstood Facts

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Over the past few years debt settlement has been in the news, not always in a good way. Many consumers have complained about the services they’ve received while some have been very happy. Much of the disparity in the perception of the service is due to misconceptions about the process itself. So here are the top ten misconceptions I see ... Read More »

Couple Did It Themselves. Settles Half Million Dollars of Debt For $154K.

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The following guest post was contributed by Michael Bovee of Consumer Recovery Network. If you would like to contribute a guest post, click here. I was talking to Michael Bovee the other day about the DIY debt settlement approach and he shared a recent case study with me of a client of his that had just settled their last debt ... Read More »

Express Debt Settlement Threatens to Sue Client for Complaining After Taking $17K. Author Needs Your Help.

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The following guest post was contributed by Damon Day from DamonDay.com. If you would like to contribute a guest post, click here. A few months ago I wrote a story about a consumer that had come to me looking for assistance after she lost about $17,000 that she had paid to Express Debt Settlement (EDS) in fees. She knew she ... Read More »

Debt Settlement From a Creditor Perspective. When it Makes Financial Sense.

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The following guest post was contributed by Michael Bovee of Consumer Recovery Network. If you would like to contribute a guest post, click here. First of all, let’s establish that debts get settled for less than the balance as a matter of course. Issuers of unsecured credit cards do accept less than full balance settlements as payment in full and ... Read More »

Considering Debt Settlement? Get Informed About Being Sued and How to Deal With It.

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The following guest post was contributed by Michael Bovee of Consumer Recovery Network. If you would like to contribute a guest post, click here. There are limited options available to people struggling to keep payments current with their unsecured debt. The options you can look to are generally limited to Credit Counseling Associations (CCA) who can set you up in ... Read More »

Debt Settlement: Telling the Good Guys from the Bad Guys

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A recent video from Cambridge Credit Counseling that focuses on debt settlement companies that are doing things the right way. I think this marks one, if not the first, public statement by a mainstream credit counseling program talking about the benefits of debt settlement for some consumers. Cambridge Credit Counseling is a member of the AACC, who’s debt settlement members ... Read More »

Debt Settlement Order UK – Don’t Believe the Text Message

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Debt Settlement Order Scam Looks like UK residents are now getting unsolicited text messages claiming the UK has passed some sort of new debt settlement order that allows people to pay back their debts for less. An example of the unsolicited text says: A Debt Settlement Order has been introduced, this means people struggling with debt can apply to have ... Read More »

Legal Helpers Debt Resolution – High Upfront Fees and Commissioned Sales People Create The Perfect Storm For Unsuspecting Consumers

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The following guest post was submitted by Damon Day. Damon is a Financial Consultant and a Debt Coach. Through his website he offers advice, tips and strategies for consumers to get out of debt without falling victim to predatory debt relief firms you see advertised everywhere. If you would like an unbiased consultation and a step by step plan to ... Read More »

If Your Debt Settlement Has Recently Failed These Companies Are Offering You Help at a Very Low Cost.

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Consumers that have found themselves facing a difficult time because their debt settlement company has gone out of business or filed bankruptcy, the debt settlement companies below are offer a life raft to help. The companies below have indicated to me they are willing to take on a limited number of consumers who have the cash-on-hand to settle their accounts ... Read More »

Is Your Old Advanced Fee Debt Settlement Company Secretly About to Fail? What to do.

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photo © 2008 J.B. Hill | more info (via: Wylio)Next month will mark the six month anniversary of the passage of the FTC telemarketing sales rules which changed the landscape in debt settlement sales. As a consumer advocate I don’t think there is any doubt they TSR has had a fundamental and positive impact on the way debt settlement services ... Read More »

DIY Debt Settlement for Those Interested in Do It Yourself Debt Settlement – Podcast

Here is this weeks podcast where Damon Day, from DamonDay.com, and I talk about a number of debt industry issues including: If it is possible to settle your own debt. How to begin to approach do it yourself debt settlement. Hiring a debt settlement company is a smart thing to do if someone does not want to do it themselves. ... Read More »

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