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Debt Relief Industry

Consumer Freaked Out With American Financial Service and Legal Helpers Debt Resolution Changes

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I received the following statement from a consumer regarding the recent changes at Legal Helpers Debt Resolution with the termination of their backend servicing companies, including apparently American Financial Service. While the statements made might apply more to American Financial Service that was probably terminated, the perception is that this is poor service being delivered by Legal Helpers Debt Resolution ... Read More »

    Portfolio Recovery Associates Gets Tough on Debt Settlement Companies

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    A debt settlement insider forwarded over to tips@getoutofdebt.org the following fax they received from Portfolio Recovery recently. It appears the Portfolio Recovery is getting tough with settlement companies and law firms. The correspondence from Joseph Hood III even says that effective 3-1-2012 Portfolio Recovery will no longer generate agreement letters for arrangements. That could be terribly dangerous for consumers if ... Read More »

      Consumer Affairs Processing Center Responds to LHDR Recent Stories

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      I received the following statement from Dale Weikel from Consumer Affairs Processing Center in response to recent stories that involved CAPC. I’ll just let his words provide the update. From Dale: I just wanted to respond to the numerous accusations being thrown around your site and clarify some errors. I am Dale S. Weikel , the current and sole owner ... Read More »

        Good News for Debt Relief Companies. Lenders Getting Back to Subprime Credit.

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        Debt relief companies know the more subprime credit that’s given out, the more business they are probably going to get. It’s just the way it works. Over the past five years or so lenders have been hesitant to extend credit to those borrowers most likely to default, the subprime consumers. And consumers have been hesitant to take on new credit. ... Read More »

          Legal Helpers Debt Resolution Sues Over Client Funds

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          On April 2, 2012 Legal Helpers Debt Resolution filed suit against Reliant Account Management Systems and Reliant Account Management. These are companies that helps client funds for the debt settlement program. According to the suit, Reliant Account Management (RAM) “is a payment processing company used by Legal Helpers and more than 5,000 of its clients to process payments by client ... Read More »

            Nelson Gamble & Associates In More Trouble

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            Ohio Attorney General Mike DeWine filed a lawsuit against Jeremy Nelson of Trabuco Canyon, California, and his two companies for operating debt settlement businesses that took money from consumers to settle their debts but failed to deliver on their promises. “We will take action to protect Ohioans from unfair business practices regardless of where the business is located,” DeWine said. ... Read More »

              Fiji Serviced United Employee Benefits Group and National Employee Benefits Group Still Not Registered in America

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              On March 15, 2012 I published a story titled, “Debt Relief Companies of Tim Gibbons and Jennifer Yoffe Not What They Seem.” in that article I pointed out a number of issues with companies associated with Tim Gibbons and Jennifer Yoffe. The debt relief companies were United Employee Benefits Group and National Employee Benefits Group. While I often don’t get ... Read More »

                Consumer Affairs Law Center and Consumer Affairs Processing Center Take Over Legal Helpers Debt Resolution Account

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                Yesterday I wrote about a consumer that contacted me and said Legal Helpers Debt Resolution contacted them after terminating all the LHDR affiliates and told her LHDR would be transiting their account to Consumer Affairs Law Center. I asked the consumer to send me the form to look at and after reviewing it I’m entirely puzzled why since she is ... Read More »

                  Tipster Says CT Cracking Down on Global Clients

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                  A debt settlement insider sent me the following email they received from Global Client Solutions. Subject: IMPORTANT NOTIFICATION from Global Client Solutions – State of Connecticut The following is pursuant to direction from the State of Connecticut, Department of Banking: Effective May 16,2012, customer fees assessed to account holders residing in the state of Connecticut may not be processed until ... Read More »

                    Legal Helpers Debt Resolution Account Being Sent to Consumer Affairs Law Center

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                    A reader has just let me know that their account with Legal Helpers Debt Resolution is being sent to Consumer Affairs Law Center. This is intriguing considering the mass termination of affiliates on March 30, 2012 from Legal Helpers Debt Resolution. If the notification is true, it appears Legal Helpers is taking client accounts and thus income away from non-attorney ... Read More »

                      Velocity Processing and Velocity Processing Debt Resolution Sue Legal Helpers Debt Resolution

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                      Velocity Processing has sued Thomas Macey, Bryan Fears, Jeffrey Aleman, Jeffrey Hyslip, Jason Searns, Legal Helpers Debt Resolution and Macey, Aleman, Hyslip & Searns in Texas. In yet another case of a business relationship with Legal Helpers Debt Resolution going bad, Velocity Processing, identified as a franchisee, is going to court. The use of the franchise identification is interesting because ... Read More »

                        Unsecured Consumer Debt Still Dropping

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                        The latest consumer credit data has been released and as forecasted, the levels of unsecured credit card debt are still dropping. In fact if you factor in inflation, the amount of revolving consumer debt consumers are carrying today is now lower than 2010 levels. Consumer credit increased at an annual rate of 4-1/4 percent in February. Revolving credit declined at ... Read More »

                          Debt Settlement Scammers Headed to Jail

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                          A couple claiming to settle debts and soliciting funds to do so was sentenced to jail last week. Monica Clune, along with her husband John, solicited the victims for debt settlement services. After receiving initial fees, the Clunes proceeded to collect money from the victims claiming they were obtaining settlements from creditors on behalf of the victims. After forwarding about ... Read More »

                            PredictiveDollars.com is Now AdFlair.com

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                            A reader forwarded a message that Nicholas Passlacqua sent out a message that PredictiveDollars.com is AdFlair.com and is offering ten free debt settlement leads to try their service. Get Out of Debt Guy – Twitter, G+, Facebook I can always use your help. If you have a tip or information you want to share, you can get it to me ... Read More »

                              Feel Like Being a Detective? What Can You Find About 1st United Consultants?

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                              A consumer just posted a complaint about a debt relief company called 1st United Consultants. You can read it here. In reviewing the website of this company it appears entirely mysterious what they are claiming to offer. They say a lot of things and nothing at all, all at the same time. Reads like doublespeak to me. This is how ... Read More »

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