Category Archives: Debt Settlement Related

The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, Bankruptcy, and Debt Consolidation Loans

This is a story that I’ve been working on for a few weeks. I’ve been asking people and groups for feedback and information to write this but what I’ve run into, is a wall. I have received some feedback from groups and people that don’t wish to be publicly identified to protect themselves but what [...]

AVOID – Notice of Resolution Benefits Mailer

A wonderful reader sent in a copy of a mailer they recently received that is labeled as a NOTICE OF RESOLUTION BENEFITS. The reader says when they called the number on the mailer, 866-417-0597, the company that answered identified themselves as J & D Associates. Our dear reader was perplexed why they got this mailer [...]

Negotiating a Debt Settlement With a Debt Collector

Are you in collection and want to negotiate with the debt collector to settle your debt for less than you owe? This video will show you how to do it with great advice from my friends, Gerri Detweiler and Michael Bovee. We talk about the best time to settle a debt with a debt collector [...]

Debt Settlement Advice for Debt Settlement Companies and Consumers – Part 1 – On Time with Payments

This is part 1 of a 7 part series covering debt settlement advice for both the debt settlement industry and consumers. Throughout this series, we will be taking an in depth view into the various aspects of debt settlement, their best practices, and their effects on consumers. Our first topic is about… Part 1. Enrolling [...]

If U.S. Court Bankruptcy Video Can Say Debt Settlement Is an Option, Why Can’t Credit Counseling?

I was watching a video put out by the Federal Judiciary on the U.S. Courts site and was surprised when I saw they U.S. Courts listing debt settlement as an alternative to bankruptcy. The list also includes credit counseling, working with creditors (reduction in payments), and selling assets or debt consolidation loans to satisfy debts. [...]

Houston Couple Indicted in Debt Relief Scheme to Defraud Consumers

Nathaniel Chilo, aka Nathaniel O’Neil, 22, and his girlfriend Savannah Rae Williams, 23, both of Houston, have been indicted for a scheme involving fraudulent representations about debt settlements reached with creditors and using for their own benefit the money wired to them to pay those settlements, United States Attorney Kenneth Magidson announced today. The nine-count [...]

National Distressed Asset Relief Program – DARP, It’s B.S. Watch Out.

A hero reader with a debt relief company sent in a recent mailer for National Distressed Asset Relief Program they received on behalf of a client. The mailer fine print says it is somehow related to a law firm but makes no mention of the firm. The claims in the mailer give the recipient the [...]

Lloyd Ward, Amanda Ward, and More Named in Washington Class Action Suit

Dallas attorney Lloyd Ward who was very involved in the debt settlement business was recently hit with a class action suit in the State of Washington. The suit was filed by The Scott Law Group against Lloyd Ward & Associates, Lloyd Ward PC, The Lloyd Ward Group, Lloyd Ward, Amanda Ward (his wife), Silverleaf Debt [...]

Debt Settlement Companies Suffer from Premature Representation

First, I’d like to say thank you to Steve Rhode for the invitation to make a guest post. Steve, I greatly appreciate you opening up your venue. Rather than focusing on what Debt Relief A La Carte offers, I’d like to take this opportunity to discuss why. It will be much more meaningful for all. [...]

Legal Helpers Debt Resolution Consumers Appear in TV News Story

The following television interview about Legal Helpers Debt Resolution aired in St. Louis recently and it presented a couple of consumers that felt they had been left in a worse spot after using the services of Legal Helpers Debt Resolution. LHDR claims unhappy consumers represent a small fraction of their total clients. The story contains [...]

Nova Scotia, Canada Debt Settlement Protection Act

Nova Scotia has introduced the Debt Settlement Protection Act and it had the first reading on April 26, 2012. The act states: Be it enacted by the Governor and Assembly as follows: 1 This Act may be cited as the Debt Settlement Protection Act. 2 In this Act, (a) “agent” means a person employed, appointed [...]

Debt Relief Options – What In The World is Going On?

A couple of loyal readers sent me in tips about a recent press release by Debt Relief Options (DebtReliefOptions.com) out of Frisco, Texas. Both readers wanted to point out the $100,000 sweepstakes Debt Relief Options was offering and one made the point Debt Relief Options appears to not be registered to do business in Texas, [...]

Alan Thicke Pushing Cambridge Life Solutions in Canada With Criticism

A reader sent in yet another news video critical of Cambridge Life Solutions and spokesperson Alan Thicke “That’s forcing some consumers into the welcoming arms of firms promising to magically wipe away their debt. Chances are you’ve seen or heard Canadian actor Alan Thicke, delivering an energetic sales pitch encouraging those facing debt problems to [...]

Canadians Warned Yet Again About Cambridge Life Solutions

A reader sent in the following news video about Cambridge Life Solutions, an advanced fee debt settlement company in Canada. The station interviews the owner of Cambridge Life Solutions, George Fortune, and inserts the over the shoulder perp shot for dramatic impact. The news package includes bankruptcy trustees as well who speak out about the [...]

Bank of America Credit Card Debt Settlement Advice and Instructions

If you’re facing a legitimate financial hardship and can’t make the minimum payments on your Bank of America (or FIA Card Services) credit card account then one potential solution is to negotiate a lump-sum settlement for less the balance owed. If you’re unfamiliar with debt settlement, you’re probably wondering how someone who can’t make their [...]