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Business Models

Co-Founder of ReadyForZero.com Shares Details How They Could Revolutionize the Need for Credit Counseling

Today I spoke to Rod Ebrahimi from ReadyForZero.com. ReadyForZero.com has big plans to allow consumers to create a self-directed credit counseling program that will eventually work closely with banks to extend special terms to participating consumers. If they can pull this off they could potentially revolutionize the credit counseling world by providing a web portal to login, create an optimized ... Read More »

Is This Not The Most Misguided Picture to Put on a Debt Relief Homepage? It Actually Startled Me.

Shaw & Associates

I was just checking out the site of Shaw & Associates, a bankruptcy attorney with an alternative to bankruptcy, and this is the picture that hits you smack in the face. Really, green teeth and green eyes? It’s obviously a web designer issue but whoever posted this picture needs to be __________ (you fill in the blank). Here is the ... Read More »

I Want to Start a Debt Settlement Company But Have Some Questions. – Doyle

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This came in through the reader question section of the site but I thought debt relief industry readers would have a lot to share to help Doyle by putting in in the industry section. I’ll leave this one for everyone to offer their feedback and advice to help Doyle. Doyle writes: “Dear Steve, I just came across your site and ... Read More »

Trying to Get Around Debt Settlement Rules By Calling Advanced Fee a Retainer. Not So Fast Bucko.

Retainer to Beat Advnace Fee

One of the rumors I’ve heard lately is from some debt settlement companies that claim they are going to get around the ban on advance fees, starting October 27, 2010, for debt settlement by calling the fee they will ask for, a retainer. The argument goes something like this. “But because I’m an affiliate of an attorney I can charge ... Read More »

Northeast Settlement Group Places Client Service Agreements Online

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I have to tip my hat to Andy Faria of Northeast Settlement Group for placing his client agreements online for consumers to see before they enroll. I’ve always wondered why more companies don’t do that. My opinion is they should. Back in my old credit counseling days we placed all the agreements for services online for everyone, including regulators, to ... Read More »

Debt Settlement Company Says Refunds Should Be Made to Consumers

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Here is a press release that is going out. All I’ve got to say about it is Yippie Oak View for taking a stand that consumers deserve fair refunds. It is certainly a better approach that those companies that tell people “too bad, so sad” and then don’t give a refund even though they have not done much, if any, ... Read More »

Debt Settlement Attorney Firm Recruits Employees Saying New Laws Don’t Apply to Them

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The following email exchange was sent to me from a guy that saw an advertisement for a debt settlement job. I think you will either start laughing at the section I bolded or slap your head in disgust. I’ve changed the names of the people in the email and I’m not going to tell you the name of the company. ... Read More »

A COMPLIANT DEBT SETTLEMENT MODEL THAT CAN KEEP YOU IN BUSINESS

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I was not going to publish this email but now that I’ve received it from four different people I’m going to post a redacted version of it. This must have been sent to a large audience since so many are sending it to me. More attorney model silliness — FTC Final Rule. A COMPLIANT DEBT SETTLEMENT MODEL THAT CAN KEEP ... Read More »

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