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Debt Relief Industry

Lloyd Regner, The Debt Answer and Best Debt Options Allegedly Fire Back to Lloyd Ward

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Yesterday I published an email that was purportedly sent out by Lloyd Ward from Lloyd Ward and Associates that warned people about Lloyd Regner and stated Regner was allegedly doing all sorts of illegal stuff and stealing clients from Ward. In response to that email from Ward, Regner allegedly sent out the following email to his clients that got the ... Read More »

Lloyd Ward & Associates Sends Out Warning Letter to Debt Settlement Clients

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The following email was forwarded to me from a reader. It was alleged to be new information regarding the processing of accounts for Lloyd Wad related debt settlement and debt relief services. What is interesting to note is that if you go to the new domain, lloydwardservices.com, used in the notice it refers you back to LloydWard.com, the corporate site ... Read More »

The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, Bankruptcy, and Debt Consolidation Loans

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This is a story that I’ve been working on for a few weeks. I’ve been asking people and groups for feedback and information to write this but what I’ve run into, is a wall. I have received some feedback from groups and people that don’t wish to be publicly identified to protect themselves but what I have learned has been ... Read More »

Debt Relief Firms and Owners Settle Big With FTC Over Performance Issues and Forensic Audits

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The operators of an allegedly deceptive mortgage modification business will pay more than $750,000 in ill-gotten gains to settle Federal Trade Commission charges. The settlements also permanently ban the 11 defendants from selling any mortgage assistance relief products. The FTC’s case against the four operators of the Debt Advocacy Center and another group of seven defendants that allegedly provided “forensic ... Read More »

CT Updates Their List of Debt Relief Companies in the Crosshairs

The Connecticut Department of Banking has just updated they page with new recently actions against debt relief companies. This crop includes United Processing Center, 1st American Debt Solutions, Legal Settlement Solutions, and The Consumer Law Group. United Processing Center WHEREAS, on April 27, 2012, the Notice was sent by certified mail, return receipt requested, to United Processing’s agent (Certified Mail ... Read More »

Tim Gibbons & National Employee Benefits Group – Again

A tipster (send in your tips here) has just sent me an interesting document on a company, National Employee Benefits Group. I wrote about National Employee Benefits Group and it’s managers and/or owners before in Debt Relief Companies of Tim Gibbons and Jennifer Yoffe Not What They Seem. In the comments to that article, Tim Gibbons went ballistic and claimed ... Read More »

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

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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 »

Illinois Class Action Filed Against Freedom Debt Relief, Freedom Financial Network, Debtmerica, Global Client Solutions and Others

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A May, 2012 class action lawsuit filed by Theresa Driscoll and others has just been moved to Federal court. The case was filed against Freedom Debt Relief, Freedom Financial Network, Debtmerica, Global Client Solutions, Andrew Houser, and Bradford Stroh. The case claims the Defendants violated the Illinois Debt Settlement Consumer Protection Act {“IDSCPA”) and Illinois Consumer Fraud and Deceptive Business ... Read More »

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

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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 »

Are Primerica Representatives Really Ready to Properly Sell Debt Management or Debt Settlement?

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With the recent announcement that Primerica representatives are going to start promoting debt relief services it’s just got to open a whole new can of “what not to do” and pour it on consumers. Primercia representatives that sell investment and insurance have to take a whole series of exams to become licensed to sell those products. But what they don’t ... Read More »

Debt Point International Makes Inconsistent Debt Relief Claims in U.S. and Canada

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A tipster (send in your tips here) pointed out the website of Debt Point International and asked me to look at the claims they were making. Their site is for both U.S. residents and Canadians but the debt relief claims are dissimilar. It is a bit perplexing and it seems the claims being made to Canadians are things the Federal ... Read More »

You’re Getting Poorer. Why Debt is the Least of Your Concerns.

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New government data out from the Federal Reserve in their triannual survey of American families paints a bleak and dark picture of the state of finances of all of us. It’s no wonder why people are looking for less debt help these days. It seems they are financially down and out like they haven’t been in a couple of decades. ... Read More »

Primerica to Sell Debt Settlement for Freedom Financial Network. This is Going to Get Messy.

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Well it’s official. Primerica representatives are going to start promoting debt settlement for Freedom Financial network. The first public information on this was sent in by a reader. The Facebook announcement says: Imagine how it would feel to not worry about debt. Primerica is pleased to make Freedom Financial Network available to help you determine your best debt relief option ... Read More »

Debt Settlement Advice for Debt Settlement Companies and Consumers – Part 1 – On Time with Payments

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This is part 1 of a 7 part series covering debt settlement advice for both the debt settlement industry and consumers. Throughout this series, we will be taking an in depth view into the various aspects of debt settlement, their best practices, and their effects on consumers. Our first topic is about… Part 1. Enrolling into a Debt Settlement Program ... Read More »

If U.S. Court Bankruptcy Video Can Say Debt Settlement Is an Option, Why Can’t Credit Counseling?

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I was watching a video put out by the Federal Judiciary on the U.S. Courts site and was surprised when I saw they U.S. Courts listing debt settlement as an alternative to bankruptcy. The list also includes credit counseling, working with creditors (reduction in payments), and selling assets or debt consolidation loans to satisfy debts. What struck me is that ... Read More »

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