Latest Posts
Home > Debt Relief Industry (page 34)

Debt Relief Industry

RIMS – Radiology Images Made Simple. New Home for Tim McCallan and Tom Roland

Screen Shot 2012-03-02 at 11.19.19 AM

A tipster (send in your tips here) sent me a message that troubled AmeriCorp company owner Tim McCallan and Tom Roland have embarked on a new endeavor outside of debt relief. This time it’s medical imaging. The new company, Radiology Images Made Simple, Inc is registered at 135 Crossways Park Drive, #203, Woodbury, NY 11797. Coincidently that happens to be ... Read More »

CFPB Lays Out What It Will Look For as an Abusive or Deceptive Practice

cfpb

The Consumer Financial Protection Bureau (CFPB) has released material which lays out how it will investigate and/or identify unfair, deceptive or abusive acts and practices. This has a serious impact on the entire debt relief industry, non-profits included. The rules and regulations, to me, appear to be clear that the underlying issue is if the material and activities by the ... Read More »

Hero Reader Sends in More Evidence of B.S. 2010 U.S. Stimulus Plan

scam1

A reader and tipster (send in your tips here) just sent me this ridiculous example of a deceptive debt relief mailer. I’ve previously published examples of the 2010 U.S. Stimulus Plan mailer that has been sent out but what makes this so ridiculous is that the same consumer gets the same mailer about a week apart, both proclaiming this is ... Read More »

Nationwide Referral Services Says Sharing Fees With Lawyers for Debt Settlement Fees is Illegal

A reader sent me a tip that a case between Safeguard Support Services and Legal Helpers Debt Resolution in Florida was still ongoing but in talks to settle. I’ve written about the case before. See Legal Helpers Debt Resolution Accused of Orchestrating Conspiracy by Safeguard. The reader said: The other and most recent has both sides mutually filing with the ... Read More »

Silverleaf Debt Solutions Hit With indiana Default Judgment

On February 10, 2012 Silverleaf Debt Solutions of Dallas, Texas was hit with a default judgment by the State of Indiana. Apparently Silverleaf Debt Solutions received this default judgment because they failed to respond to the Indiana inquiries. According to the default judgment against Silverleaf Debt Solutions, LLC entered, the company, Silverleaf, failed to “appear, plead, or otherwise respond” to ... Read More »

Indiana Going After or Looking at a Number of Debt Relief Companies

According to the Office of the Attorney General of Indiana, they are going after a number of debt relief companies and have filed recent suits. The Attorney General’s Office filed lawsuits against: Consumer Credit Group of Florida and Proactive Planning Solutions of Arizona for violating Indiana’s Do Not Call Law and Auto-Dialer Act known as the robo-call law. Both companies ... Read More »

Debt Solutions Research Group Makes Me Mad as Hell, Even After Sleeping On It

Screen Shot 2012-02-28 at 10.49.54 AM

Yesterday a consumer posted a complaint about Debt Solutions Research Group – Royal Pacific Financial. You can see it here. I’ve seen enough complaints and shenanigans that not much stuff makes me downright boiling mad, but the way this consumer was treated sure did. And if you are in the debt relief industry, it should make you mad as hell ... Read More »

Consumer Delinquent Debt Falls in Q4 2011 But Slows. See Detailed Charts.

Consumer_Debt_Q42011_page21

The Federal Reserve Bank of New York has just released their latest study on household debt and credit. Aggregate consumer debt fell $126 billion to $11.53 trillion in the fourth quarter of 2011. This represents a 1.1 percent decrease from the $11.66 trillion reported in the prior quarter’s findings. The report also revealed further declines in real estate debt and ... Read More »

Golden Financial Services Misplaces BBB A+ Rating

Screen Shot 2012-02-24 at 4.57.12 PM

Yesterday I wrote Golden Financial Services Says the Darndest Things About Being a Law Firm. The article came to the attention of the BBB who apparently decided they were going to take some sort of action. According to the new BBB page for them, “! BBB Business Review on Golden Financial Services Debt Settlement Corp. is being updated by BBB ... Read More »

Golden Financial Services Says the Darndest Things About Being a Law Firm

Screen Shot 2012-02-23 at 3.25.53 PM

A debt industry professional tipster (send in your tips here) sent me the following email from a Paul Paquin who is promoting an attorney based debt settlement company. The email says: Why Are You Still Doing the Face-to-Face Debt Settlement Model? There’s NO “Face to Face” Necessary! | You’ll Close 50% More Business! Our Multijurisdictional Law Firm Does All the ... Read More »

Debt Collection Industry Sees Compliance and Customer Service as Key in 2012

Screen Shot 2012-02-23 at 11.36.22 AM

I need to vent for a moment. Have I not been saying now for some time now that in the debt relief industry both compliance to rules and regulations, along with exceptional customer service is the key to moving forward? In fact in my latest article on this subject I was talking about how critical these issues are for the ... Read More »

Christian Sounding Debt Advice Groups Sued by Consumer – Good Shepherd Debt Relief and Trinity Financial Mission

A recent suit against Good Shepherd Debt Relief, Trinity Financial Mission, and Allen Morrow was brought to my attention by a reader. I’ve written about both Good Shepherd Debt Relief and Trinity Financial Mission in the past. The suit by Dallas Yoder in Ohio claims Good Shepherd Debt Relief, Trinity Financial Mission, and Allen Morrow were offering debt settlement and ... Read More »

CareOne Debt Relief Services and CredAbility Could Have Saved Money on Logo Development

CareOne-CredAbility

I’m aware of a recent big effort by CareOne Debt Relief Services to change their logo and branding. Personally I thought the old one was just fine but whatever. I didn’t realize until just now how much their new logo looks like the logo for the credit counseling group CredAbility. I wonder how many focus groups you need to develop ... Read More »

American Fair Credit Council Names Persolvo Officer to Board

justball-144x125

Persolvo Data Systems, a leading provider of web-based settlement software and analytics tools designed to locate, identify and settle accounts enrolled in debt settlement programs, announced today that The American Fair Credit Council (AFCC), the leading association of consumer credit has named Teresa Dodson, Chief Operating Officer of Persolvo, to its executive board. Ms. Dodson brings to the Council her ... Read More »

Credit Card Delinquencies Fall by End of 2011

MOD-18552_FS-2011_Q4_CreditCardInfographics

The national credit card delinquency rate (the ratio of borrowers 90 or more days past due) reached 0.78% in the fourth quarter of 2011, a drop of almost 5% from the same period one year ago and continuing well below historical norms. Not great news for debt relief providers. Average credit card debt per borrower increased $239 from the same ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.