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Debt Relief Industry

The Association of Attorneys for Debt Resolution – A Tip.

I received the following tip and wanted to share it with you. Please take a look at this website www.aadrsite.com – this is for a new association called The Association of Attorneys for Debt Resolution. This is a FOR PROFIT organization headed by Tami Brown. She claims to be the founder of TASC and a COO for Credit Answers. She ... Read More »

    Cyrus Global and American Star Debt Settlement – Watch Out

    I received an inquiry from a tipster (send in your tips here) about an email that was being sent out from Cyrus Global that guaranteed debt settlement rates, hedge fund buys the debt immediately from the consumer and includes attorney representation. So I took a quick look into this. The email also had a link to American Start Debt Settlement ... Read More »

      NAACP and AFL-CIO Tell FTC, Advance Fee Debt Settlement Must Be Banned

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      I’ll just let the letter below speak for itself on the issue of banning advance fee debt settlement by the Federal Trade Commission. Get Out of Debt Guy – Twitter, G+, Facebook American Federation of Labor-Congress of Industrial Organizations (AFL-CIO) Leadership Conference on Civil and Human Rights (LCCHR) National Association for the Advancement of Colored People (NAACP) National Council of ... Read More »

        Institute of Consumer Economic Education (ICEE) – Sadly Dave Burke Appears to Be Back

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        A tip just in. Real talk is no longer a business…However Dave Burke is still very much in business just under a totally different company name! RTN is now the “institute of consumer economic education” Melody Burke purchased all of RTN assets, under the institute of consumer economic education so real talk doesn’t exist anymore! what she didn’t purchase was ... Read More »

          Judge Rules Against Debt Resolvers USA. Orders Them to Repay All Debt Settlement Fees to Consumer.

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          A Staten Island, New York judge cancelled a debt settlement service agreement that Dmitri Pavlov entered into with Debt Resolvers USA. Judge Phillip Straniere ordered Debt Resolvers USA to repay 100% of the money it had collected from Pavlov, $1,693, saying that the judge ruled that the debt settlement company was operating illegally and its contract was unenforceable in New ... Read More »

            Chicago Debt Collection Firm, Friedman & Wexler, Silently Closes Doors and Leaves Consumers Wondering

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            The Chicago Tribune is reporting that Chicago based debt collection firm Friedman & Wexler has apparently closed it’s doors in the face of more trouble and suits by its own customers. What makes this situation worth writing about is that just like in the Mann Bracken case where the debt collection firm closed its doors overnight, this looks like a ... Read More »

              Andrew Houser from TASC Pleads With FTC, “Please Don’t Ban Upfront Advance Debt Settlement Fees.”

              Andrew Houser from Freedom Debt Relief and board member of The Association of Settlement Companies (TASC) recently sent a letter to the FTC pleading that banning advance fees would hurt consumers. I know, how funny and unbelievable is that? Apparently what TASC can’t get through their head is that there is no good reason why consumers should continue to be ... Read More »

                TASC and USOBA Slammed Again by Attorney Generals’ Office to FTC

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                This record of a conference call was just recently placed on the public record. That call occurred on June 30, 2010. On Monday, June 28,2010, representatives from the Attorney General offces of Ilinois, North Carolina, and Texas participated in a telephone conference with FTC Commissioner Rosch, his attorney advisor, and FTC staff members to discuss the proposed debt relief amendments ... Read More »

                  International Association of Professional Debt Arbitrators – IAPDA Certification Exposed

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                  Loyal readers may have observed that I routinely never mention IAPDA, the International Association of Professional Debt Arbitrators (IAPDA) or even mention that a company may display their logo as being a member. It’s not that I’ve not noticed their logo displayed on sites, it’s that many in the industry have disparaging things to say about what the logo represented ... Read More »

                    Hope Now Financial, Hope Now Modifications, Salvatore Puglia and Nicholas Puglia Agree to $5 Million Dollar Settlement With New Jersey Over Loan Modification Fraud

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                    New jersey Attorney General Paula T. Dow announced today that a New Jersey loan modification company and its owners have agreed to a judgment of $5,051,253 to settle civil charges they defrauded homeowners who sought help in avoiding mortgage foreclosure. In addition to civil penalties of $5 million, corporate defendants Hope Now Financial Services Corp. and Hope Now Modifications LLC, ... Read More »

                      Watch Out for New Company, Real Debt Solutions. Looks Like the Work of Serial Debt Relief Scammer Bob Lindsey.

                      A tipster (send in your tips here) sent me the following email. CCDN et. al. (Robert Lindsey, Philip Manger, Robert Lock, Tracy Webster, etc.) latest scams: http://realdebtcredit.com/ http://realdebtsolutions.org/ At first I could not see any connection between the people he mentioned but they I found something that creates an odd coincidence. Bob Lindsey, a debt relief operator that was shut ... Read More »

                        Johnson Law Group in Nevada Told Me They Closed Up Shop and Want to Transfer My Account to Johnson Law Group in Florida. – Lynn

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                        “Dear Steve, I first participated with JLG, in Nevada in Fevbruary 2010. I’ve made 4 monthly payments. I just recently received a letter(6/10) from JLG in NV stating that their professional corporation will no longer be providing services that were offered to me in the past in consumer debt relief and are transfering the handling of these matters to The ... Read More »

                          Have You Seen the USOBA Code of Ethics? You Need To.

                          I saw a press release sent out by Debt Shield, a Maryland based debt settlement company. In the press release they brag about just having achieved the “coveted TASC and USOBA accreditations.” What made me laugh at first was the quote “”Accreditation sets Debt Shield even further apart from our competition by highlighting what we have always known- that Debt ... Read More »

                            Debt Settlement Company Emerge America Says Upfront Debt Settlement Fees Need to Go Away

                            I’m always surprised how often people tell me or comment that debt settlement companies can’t survive without charging all their fees upfront. I say it can be done when consumers actually pay for performance, meaning, pay the debt settlement company when the debt is actually settled. Even the debt settlement trade associations say banning upfront fees is bad. But the ... Read More »

                              Interview with Alex Viecco from New Era Debt Solutions on How a Performance Fee Model Can Work

                              Here is an interview with Alex Viecco from New Era Debt Solutions that I recorded today. Alex talks about why the performance based debt settlement model works well for the long-term and a bunch of other issues that are brewing right now. The story about New Era that I mention can be found here. Alex talks about how and why ... Read More »

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