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Debt Settlement Related

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 »

You Know You Are Having a Bad Day When The Debt Relief Provider Refund Check Bounces

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Thanks to a tipster (send in your tips here), this story was brought to my attention. It looks like the tax preparer, Leval Moore of Alpha Financial in New York, got hooked up as an affiliate or representative of a debt settlement company that did not deliver. Thankfully the story has a belated happy ending, sort of. While the first ... Read More »

Debt Settlement – The Tortoise and the Hare

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This is a guest post by Michael Bovee from Consumer Recovery Network. Get Out of Debt Guy – Twitter, G+, Facebook Debt Settlement – The Tortoise and the Hare by Michael Bovee Debt Settlement is certainly an effective approach to get from under a crushing amount of credit card debt – for the suitable candidate. Over the years of working ... Read More »

“This Is Peggy!”: One More Lead Generator Posing as A Debt Relief Company

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The following article was submitted by Sean Ryan from Active Debt Solutions. Active Debt Solutions is a member of the American Association of Credit Counselors that has pledged to put consumers first. YourDebtFreeAdvisor.Com 17632 Irvine Blvd., Suite 225 
Tustin, CA. 92780  
Phone 888-436-6481
 www.YourDebtFreeAdvisor.com Warning: AVOID THIS COMPANY http://www.yourdebtfreeadvisor.com/ A spammer on www.getoutofdebt.org was kind enough to place this message: ... Read More »

Reader is Frustrated With Credit Care Corp and P&E Solutions.

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I get a lot of tips and emails from readers. What you will find below is one very detailed email I received from a reader recently that talks about their frustration with a number of companies. The reason I am posting this email is because it is the second time I’ve heard a similar story in two days from two ... Read More »

Understanding the FTC Regulations for the Debt Industry

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Here is a recent video appearance I made with some of my fellow personal finance blogger friends on Financially Fit TV where we discuss new FTC rules covering debt relief services. http://youtu.be/a29XyW3Rz60 Get Out of Debt Guy – Twitter, G+, Facebook Transcript Hi everybody. I’m Nichole Kelly, and this is Financially Fit TV. What is Financially Fit TV? It’s a ... Read More »

Express Debt Settlement Takes 17K and Refuses Refund? WTH

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My friend Damon Day published an article today about a consumer that contacted him for help in securing a refund for debt relief services. The story goes that Dinah spoke to a sales rep who identified himself as being part of Freedom Debt Relief but then signed Dinah into a program with Express Debt Settlement. Dinah then paid $17,000 in ... Read More »

Should You Settle Your Debt Using an Unknown Online Form You Pay to Download?

Debt Settlement Agreement

A friend and reader of this site sent me in a link for debt settlement agreements which consumers can purchase online. Out of curiosity I asked some friends in the debt settlement world what they though of a consumer just launching into settling their own debt using such forms and they offered some good advice and probably not what you ... Read More »

BBB Warns Consumers About Nelson Gamble & Associates

A warning out of Oklahoma by the Better Business Bureau, Operations Director, Jim David, warns consumers about a debt settlement company, Nelson Gamble & Associates. NTV is warning consumers about Nelson Gamble & Associates: A company called Nelson Gamble & Associates located in Irvine, CA has an “F” rating with the BBB. It advertises debt settlement services with no up-front ... Read More »

Why is Everest Debt Solutions Claiming to be a BBB Member on Their Site and in Ads?

Everest Debt Solutions

I was on Google and doing a search for something that involved the word debt in it and I saw the advertisement below. Now Everest Debt Solutions and I go way back. You can see my past articles on Everest Debt Solutions, here. In On October 9, 2009 I published an article that spoke about their use of the unauthorized ... Read More »

Big Cheer for New Era Debt Solutions

I just discovered that New Era Debt Solutions has just updated their site with a new truth and transparency page. – Source I’m very impressed they have created a page to make it very clear for consumers and site visitors about their performance statistics and most importantly they have placed their client agreement online so everyone can read it. This ... Read More »

Cambridge Credit Counseling Puts Out New Video on Debt Settlement Rules

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Starting October 27, 2010 the Federal Trade Commission’s Telemarketing Sales Rule will prohibit for-profit debt settlement companies from charging fees to consumers until the company has preformed an actual service. The Telemarketing Sales Rule applies to debt settlement companies that solicit consumers by phone, and to settlement agencies that receive calls in response to ads. Consumers should be aware that ... Read More »

“We Quit” in Debt Settlement and Making Your Finances More Friendly – The Get Out of Debt Guy Show

Revelations in debt settlement tops today’s show. Alex Viecco from New Era Debt Solutions openly talks about his disgust with the current state of debt settlement and why his company boldly and publicly resigned in disgust from The Association of Settlement Companies (TASC). In this show Alex is followed by some exceptional good financial advice and insight on a consumer ... Read More »

Superior Debt Relief Services Offers Some Strong Words Against Attorney Debt Settlement Model

Superior Debt Relief Services has an article on their site, here, that speaks directly against those pursuing an attorney front debt settlement business model. Their words are probably strong than mine have been at times so I’ll let the following excerpts and warnings from their site speak for themselves. Enter- a ‘wolf in sheep’s clothing’ – the attorney-based debt settlement ... Read More »

ABC 7 Runs Story on Big Crackdown on Debt Relief Companies

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WXYZ just ran a story warning warning consumers to beware of debt settlement companies that charge fees. It was yet another public notification that things in the debt settlement world when it comes to fees are going to change on October 27, 2010. The more that message can get out there, the better. As more of this media coverage continues ... Read More »

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