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Debt Relief Industry

Reader Want to Know if Performance Settlement Recruitment / Sales Claims are True

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A reader and tipster (send in your tips here) in the debt settlement industry sent us an email they recently received from Performance Settlement, an AFCC member. The email made some recruiting performance claims that should be a snap for Performance Settlement to respond to and verify. This issue isn’t so much a consumer issue foremost but an issue to ... Read More »

Debt Relief Company Officers to Face More Personal Liability From CFPB

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Indications out of the CFPB are that the agency plans to go after individuals in enforcement actions and not just companies. “In a speech last week to the Reuters Washington Summit, Director Cordray is reported to have indicated that the CFPB is committed to pursuing individuals, and not just companies, when exercising its enforcement authority.” The same report stated that ... Read More »

Bankruptcy Filings Plummet in Three Years

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As further evidence about the decreased demand for debt relief help, the United States Courts have just released the latest statistics which revel the number of non-business bankruptcy filings. According to the year end September 30th data the number of consumer bankruptcies fell 31 percent from the same period in 2010. Current filings, for the last twelve months, were 1,072,807 ... Read More »

AFSLR Growing. Adds American Student Loan Consolidators.

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The trade group, Association for Student Loan Relief (AFSLR) has added a new member according to the group. American Student Loan Consolidators has been recently added as a member. – Source It appears American Student Loan Consolidators is an outgrowth of Upbin’s formerly religious debt management activities as Christian Credit Counseling Center. According to CorporationWiki, “Daniel Upbin is the Managing ... Read More »

Mortgage Counseling Center of America Asked to Get the F Out of Connecticut

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The State of Connecticut has taken action against yet another debt relief company, this time asking Mortgage Counseling Center of America to take a hike or get a license. Mortgage Counseling Center of America also goes by the name Mortgage Counseling Center and operates with Edward Albert Bauman, Jr. The State says the company is located at 23785 El Toro ... Read More »

The National Consumer Hardship Program Mailer

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Well it looks like possibly misleading debt reduction mailers are still being sent out by that old postal permit 1297 in Sacramento, California. This one is for something that looks like a government check when you glance at it from the outside. The mailer is really for something called The National Consumer Hardship Program. And the fake check even goes ... Read More »

Steve Rhode is a Fraud Says Joe Truth

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I get the odd attacks from time to time but one today from an anonymous reader who identifies himself (not sure if it is a he or she since comments from both Joe and Jane have come from that IP) as “Joe Truth” deserves to be discussed. Joe Truth Says Here is the statement submitted: “I have watched you slander ... Read More »

Association for Student Loan Relief Forms. Game On.

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For companies interested in selling student loan debt relief it appears a new organization has formed, led by noted debt relief attorney Robby Birnbaum of Greenspoon Marder. The group, Association for Student Loan Relief (AFSLR) is holding their first meeting in Las Vegas on December 12, 2013 at Mandalay Bay. Early sponsors of the association are listed as Greenspoon Marder, ... Read More »

Sovereign Funding Sends Tribal Debt Consolidation Mailer to Consumers

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A reader sent in a mailer which struck us as interesting because it was sent from the same postal permit 1297 that many of the debt relief mailers we’ve written about in the past had been sent from. This mailer appears to promise a debt consolidation loan. The reader sent the mailer through my I Buy Junk Mail program. The ... Read More »

Merchant Growth Capital Mailer Concerns Reader

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A reader expressed concern about a mailer they received which looked to be a pre-approved check but instead turned out to be an offer for a loan. The reader sent in a new debt relief mailer through my I Buy Junk Mail program. The inside of the mailer appears to state the money is available for use and “You do ... Read More »

Meracord / NoteWorld Falls to CFPB. Global Client Solutions to Follow?

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Yesterday the Consumer Financial Protection Bureau announced an action and settlement against Meracord, previously known as NoteWorld. Meracord was one of the two primary players assisting debt relief companies to collect money from consumers and then pass it on to debt relief companies. Global Client Solutions is the second. What makes this current episode all seem so silly was the ... Read More »

Debt Care USA Added to Scott Law Group Hit List

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The Scott Law Group, the Spokane law firm that has seemingly specialized in pursuing many debt relief companies has added a new company to their list. Debt Care USA has been added after a September 27, 2013 class certification in Spokane County Superior Court. Case documents can be accessed here. As of today the companies listed in play with The ... Read More »

CredAbility and ClearPoint Credit Counseling to Merge. Watch Out MMI.

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In what comes as no big surprise, the consolidation of the credit counseling industry continues. This time with a big announcement from two players whose merger will create the second largest credit counseling organization. “CredAbility and ClearPoint Credit Counseling Solutions announced on Oct. 1 that they have agreed to merge their two organizations, effective December 31, 2013. The combination will ... Read More »

Debt Settlement Mailer From Frisco, Texas Raises Alarms

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Well here is yet another version of a debt settlement mailer being sent out to consumers. This one comes from Wichita, KS postal permit 1148. The address of the sender is 2611 Internet Blvd, #021, Frisco, Texas 75034. According to the BBB that is the address for United Debt Services. They list David Melrose as the owner. Melrose is also ... Read More »

Lloyd Ward and His BFF Lloyd Regner Found Guilty

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The only part of this story which make it even more bizarre is the fact Lloyd Ward and Lloyd Regner, ex-business partners, are now involved in suing each other and allegedly trying to win back their mutual former clients from each other. Whatever was going on between them, can be read here. But in a press release issued a couple ... Read More »

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