Latest Posts
Home > Debt Relief Industry > Business Models (page 2)

Business Models

Debt Settlement Advice for Debt Settlement Companies and Consumers – Part 6 – How to Do Simultaneous Settlements

justball-144x125

One of the reasons I have been writing these articles is to shed some light to the industry about settling debt simultaneously, its reliability, and its advantages for consumers. Our evaluation process at Debt Relief A La Carte is probably more broad than the typical debt settlement approach. So, to help debt relief companies identify simultaneous options and opportunities, this ... Read More »

Debt Settlement Myth #6: It’s Safe To Take 36-48 Months To Settle My Debts

justball-144x125

This is the sixth in a series of posts discussing the most common myths about do-it-yourself debt settlement. Most traditional debt settlement firms are still quoting program durations of 36-48 months, sometimes longer, and clients are led to believe that it’s safe to take that long. By “safe,” I mean a low risk of lawsuit activity. After all, multiple lawsuits ... Read More »

Miracle Debt Elimination Tool Revealed at Comic-Con

Photo Credit: ElfDomx

Marketers were besides themselves today at Comic-Con as a major new debt relief tool was revealed. “This will be big, I mean really big,” said one debt relief salesperson that was happy to speak on record but could not remember his last fake name he used. “Johnny, who am I this week?” “We are going to be selling this shit ... Read More »

Legel Helpers – Macey Bankruptcy Pulls the Plug and Merges With Jacoby & Meyers

According to information obtained, Macey bankruptcy has decided to merge with Jacoby & Meyers, L.L.C. The resulting national bankruptcy practice section of Jacoby & Meyers will be known as Jacoby & Meyers-Bankruptcy, L.L.P., and will have the combined resources of the two nationwide law firms. Jacoby & Meyers will now have more than 135 offices and be available to practice ... Read More »

Debt Settlement Advice for Debt Settlement Companies and Consumers – Part 5 – Why Simultaneous

justball-144x125

Back when I was in collections, I recognized a major vulnerability to the consumer. When the consumer was represented by a debt settlement company and settling their debts one at a time, with each settlement that was made, their negotiation power was diminished. Back then, when I would negotiate with a debt settlement company, the first thing I would do ... Read More »

Debt Settlement Advice for Debt Settlement Companies and Consumers – Part 4 – Settlements and Payment Plans

justball-144x125

As we all know, there isn’t a one size fits all debt solution. Every situation is different. However, the goal and destination is always the same. That goal is to lower your monthly obligations to an affordable level. One way to immediately lower your monthly obligations is Chapter 7 bankruptcy. However, if you are faced with the prospect of filing ... Read More »

Debt Settlement Advice for Debt Settlement Companies and Consumers – Part 2 – Debt Settlement Fees

settlement fee chart

Part 2. Debt Settlement Fees Unlike most industries, the fees charged in the debt settlement industry, have a direct effect on the services they’re selling. I’m sure you have heard the old adage, “you pay for what you get”. Personally, I’m a firm believer in that philosophy. I’m more of quality of over quantity guy, myself. However, it is the ... Read More »

Crown Financial Ministries – Is This Really What Jesus Would Do?

Screen Shot 2012-06-14 at 11.19.01 AM

It’s probably been a decade since I went back and took a look at the site for Crown Financial Ministries. Frankly I was shocked about what I saw just now. It’s clear Crown Financial Ministries has moved a long way away from the foundation laid by Larry Burkett (Christian Financial Concepts) and Howard Dayton (Crown Ministries). In the interest of ... Read More »

DDS Debt Defense Services Still Up to Old Tactics

Screen Shot 2012-06-04 at 2.02.57 PM

A reader sent me in an email Jason Pestritto sent out from a company called DDS, who I believe to be Debt Defense Services. This email came from the same Phoenix Marketing Managers that I raised issues about in “Debt Dispute: Phoenix Marketing Managers Claim to Offer Next Big Debt Relief Product – Debt Defense Services.” And while the service ... Read More »

Creative Debt Solutions – Beware of These Apparent Idiots

Screen Shot 2012-06-02 at 2.18.43 PM

A reader brought a debt relief company to my attention, Creative Debt Solutions at creativedebtsolutions.org. Beware and watch out. I took a look at their site and I was very unhappy to find some of the previously discredited tactics being promoted on their site. Just when you thought stupid tricks like novation and unilateral terms on payments was finally tossed ... Read More »

What Can We Do About Customers Who Cancel After Debts Are Settled?

justball-144x125

I currently work in a negotiations department for a mid sized debt settlement company. We have roughly 2,500 clients who are active. We have been on a massive push recently to get all of our clients settlements once they have made 3 payments. We have reached the point where more than 80% of our total client base is involved in ... Read More »

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

lawyer

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 »

Ideas for Creating Better Debt Relief Products, Services and Delivery

justball-144x125

In a previous article published on the GOOD site, I asked the question: Is the debt relief delivery system broken? The article outlined the statistical failings of different options consumers seek in order to get relief from debt they can no longer afford. I also identified several reasons for the shortcomings and encouraged industry participants to share ideas for how ... Read More »

How to Motivate Debt Relief Company Sales Staff and Not Screw Consumers

justball-144x125

There is a very interesting conversation going on in the comments right now over on another post by Michael Boveee, Debt Relief Options for consumers – Is the delivery system broken? The comments on appropriate staff motivation and compensation are very important to the success of the debt relief industry. Finding the appropriate solutions and balance to direct staff to ... Read More »

Debt Relief Options for consumers – Is the delivery system broken?

justball-144x125

Most of the debt relief services industry works less than 30% of the time. It could use a tune up. Imagine if the car you are driving has a six cylinder engine, but four of them did not function. You would do something about it, right? Even if doing something meant replacing the car? Most would. Not the debt relief ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.