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Debt Settlement Related

Golden Financial Services Misplaces BBB A+ Rating

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Yesterday I wrote Golden Financial Services Says the Darndest Things About Being a Law Firm. The article came to the attention of the BBB who apparently decided they were going to take some sort of action. According to the new BBB page for them, “! BBB Business Review on Golden Financial Services Debt Settlement Corp. is being updated by BBB ... Read More »

Christian Sounding Debt Advice Groups Sued by Consumer – Good Shepherd Debt Relief and Trinity Financial Mission

A recent suit against Good Shepherd Debt Relief, Trinity Financial Mission, and Allen Morrow was brought to my attention by a reader. I’ve written about both Good Shepherd Debt Relief and Trinity Financial Mission in the past. The suit by Dallas Yoder in Ohio claims Good Shepherd Debt Relief, Trinity Financial Mission, and Allen Morrow were offering debt settlement and ... Read More »

Citizens’ Debt Settlement Fund Pays to Settle Debts of Citizens in UAE

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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 jail time as they have ... Read More »

Attorney Model Debt Settlement Employee Speaks Out On How It Really Works

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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 after effects of new government ... Read More »

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 did North Carolina not buy ... Read More »

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 attorney model debt relief firm ... Read More »

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 company offered to help consumers ... Read More »

Which is Cheaper: Credit Counseling, Debt Settlement, or Bankruptcy?

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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 brand of debt help can ... Read More »

DIY Debt Settlement – How to Handle Lawsuits

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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 settlements on their credit cards. ... Read More »

Reader Sends in More on Deceptive U.S. Federal Stimulus Package Mailer

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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 deceptive and intended to fool ... Read More »

Federal Stimulus Program Mailer. Yea, Avoid This One.

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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 from, I don’t know. The ... Read More »

USOBA Renounces Fingo Group. Warns Consumers.

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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 have any record of a ... Read More »

Reader Reports Successful Refund From Reorganization Management Group

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I received an email from a reader that wanted to share information about a company I’ve written about before, Reorganization Management Group. Get Out of Debt Guy – Twitter, G+, Facebook 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 ... Read More »

Elimidebt Management Systems Wants to be Eliminated? Not Playing Nicely With WV AG.

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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 a debt management and potentially ... Read More »

Utah Not Happy With Morgan Drexen Press Release About Licensing

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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 Utah response as not good ... Read More »

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