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Debt Relief Industry

Jacoby & Meyers Bankruptcy Goes Dark

waving

A tipster (send in your tips here) sent in a message about the Jacoby & Meyers Bankruptcy site had a strange message on it. For those that might not remember, Jacoby & Meyers Bankruptcy was created when Macey Bankruptcy Law merged with Jacoby & Meyers. As of right now the Jacoby & Meyers website is essentially gone. It does have ... Read More »

Credit Counseling Agencies Need Credit Counseling Help

stressed man

Richard Burnett of the Orlando Sentinel recently wrote an interesting piece about the realities of modern non-profit credit counseling and how they need help. With demand dropping, existing credit counseling agencies are scrambling to find new avenues of income. Credit counseling agencies are turning to trying to sell student loan assistance and one agency reports having a pilot program to ... Read More »

Edward Cherry Changes Name to Edward Gregory Steadman

oops

A tipster (send in your tips here) sent in a tip that Edward Cherry legally changed his name in 2013 from Edward Cherry to Edward Gregory Steadman. Apparently this happened when he applied for the name change in May of 2013 but it was not finalized until July 2013. Normally a name change would be a huge non-news event but ... Read More »

West Virginia Sues Legal Helpers Debt Resolution

law books

West Virginia Attorney General Patrick Morrisey announced today that his Office recently filed suit in Kanawha County Circuit Court seeking to prohibit Legal Helpers Debt Resolution LLC from doing any further business in the state. Talk about late to the party. In his complaint, Attorney General Morrisey alleges Legal Helpers Debt Resolution LLC, a Nevada company based in Chicago, violated ... Read More »

Consumer Relief Programs / Consumer Advocacy Assistance Nastygram

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The state of Connecticut has issued an order to make restitution and cease and desist order to California based Consumer Relief Programs / Consumer Advocacy Assistance programs. According to the State “the company is a California corporation with offices at 14252 Culver Drive, Suite 352, Irvine, California, and 24881 Alicia Parkway, Suite #E516, Laguna Hills, California. On or about October ... Read More »

Lloyd Ward Loses on Appeal. KS Judgment to be Enforced in TX.

begging

First a personal message to Lloyd Ward. Lloyd, I don’t stalk you, care about you, think about you, or follow you. The only reason I’m writing this story is because people keep sending stuff to me that relates to your past debt settlement activities. I don’t even publish all the stuff people send me. And we now resume our regular ... Read More »

Credit Answers Settles With Colorado

law books

With receipt of $225,000, the state has resolved a case in which 615 Coloradans were financially harmed by a Texas-based debt-settlement company that was operating illegally in Colorado. The Consumer Protection Section of the Attorney General’s Office has entered a stipulation and final agency order with the now defunct CreditAnswers and its Chief Executive Officer William Loughborough (D.O.B. 11/02/62). “When ... Read More »

2014 Projections Show a Bad Year for Debt Relief Companies

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TransUnion is out with data on 2014 delinquency projections. They are showing both flat delinquencies in mortgage and credit card areas. This is bad news for debt relief companies who are looking for increased demand of the services they offer. Not only is the projected trend to remain flat but at historically low levels. The national mortgage loan delinquency rate ... Read More »

Meracord, Noteworld, and Fidelity and Deposit Company Hit With Class Action

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While the flood of lawsuits against debt settlement companies has slowed considerably yet one more class action has been added against Meracord, Noteworld, and Fidelity and Deposit Company of Maryland. This time in Arizona. The complaint provides a very long description of the alleged actions and conspiracy between the debt settlement escrow company and the companies they elected to work ... Read More »

Town & Country Acceptance Corporation Debt Management Mailer

town and country acceptance back

Town & Country Acceptance Corporation recently sent out the following postcard to residents in Ohio. Town & Country Acceptance Corporation describes themselves as a debt management company. – Source An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. Get Out of Debt Guy – Twitter, G+, Facebook This offer was able to ... Read More »

The Most Unique Debt Relief Help Wanted Ad Ever

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The debt relief industry never ceases to amaze me. A big hat tip goes to Damon Day for pointing out this help wanted advertisement to me. This one is certainly unique. Here is a debt relief company that starts off by calling all the other schemes we’ve lived through, scams. “TIRED OF SCAMS YET? Help Families &Make $$$ Student Loan ... Read More »

2013 Nationwide Debt Reduction Plan Mailer is for Debt and Student Loans

debt reduction mailer

As part of my I Buy Junk Mail program I received the following mailer that appears to be for an advanced fee debt settlement program called the 2013 Nationwide Debt Reduction Plan. The outside of the mailer looks like an official self mailer and has the familiar postal permit 1297 from Sacramento, California. The inside of the mailer appears to ... Read More »

Student Loan Assistance Center Marketing Mailer – I Buy Junk Mail

Student Loan Assistance Center

Susan sent in the following mailer to me from a generic sounding company, Student Loan Assistance Center. She also noticed the letter had the same Judy Pratt signature as other debt relief mailers have. The last one I covered was from the Debt Reduction Department. Click here. For those who may not know, I Buy Junk Mail so be sure ... Read More »

Canada Pushes Back on Debt Settlement With New Regulations

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In Ontario a bill passed recently which significantly impacts the delivery of debt settlement services there. First, I owe a big hat tip to a good friend up there in the great white north for alerting me to this. This new bill impacts both debt settlement companies and credit counselors. Bill 55, the Stronger Protection for Ontario Consumers Act 2013, ... Read More »

First Debt Settlement Plan Approved in Ireland Today

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It feels like a lifetime ago I first began working to bring debt settlement to the Republic of Ireland. Northern Ireland already has a form of debt settlement known at the Individual Voluntary Arrangement (IVA). Not only did ROI not have any chance of a formal debt settlement approach to dealing with creditors, but there was also no real consumer ... Read More »

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