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Debt Relief Industry

Lawyer Suspended for Fee Splitting With Non-Lawyers

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The Florida Bar News is reporting that another lawyer has been suspended for engaging in marketing with non-lawyers. The claims made in the case sound incredibly similar to those in both the mass joinder and attorney model debt settlement activities. In this case, William Timothy O’Toole with Summit Legal was allegedly working in conjunction with non-Lawyers Randy Baker and Solomon ... Read More »

    Certified Resolution Notice – Federal Stimulus Package – Scam, Scam, Scam

    Hardship Assistance Debt Reduction Letter

    I swear, the GetOutOfDebt.org site has the most amazing readers. One reader and awesome tipster (send in your tips here) just sent in a mailer they got proclaiming a bunch of stuff which, let’s be honest here, is a utter pile of crap. The mailer is labeled Certified Resolution Notice and says it is part of the 2010 U.S. Federal ... Read More »

      Bay View Law Group Added to Target List

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      The Scott Law Group in Washington State has just added Bay View Law Group to the list of companies they are going after. As of today the list includes: Alliance8, Inc Amerix Corporation Ascend One Corporation Bay View Law Group, PC CareOne Services, Inc CDS Client Services (dba Capital Debt Settlement) Century Negotiations, Inc. Consumer Law Associates, LLC Debt Relief ... Read More »

        Debt Relief USA Ran for Bankruptcy Cover But FTC Says “Not So Fast”

        On August 17, 2010 the Federal Trade Commission sued Debt Relief USA, Kelly Reilly, Alvin Bell, James Wojcik, and Valerie Leath. Previously Debt Relief USA had been in the news on this site. Part of that news was about how the company was running for cover to ditch their liabilities under a bankruptcy filing in 2009 in an effort to ... Read More »

          Pacific Debt Rescues Consumer – Thank You

          Pacific Debt

          Recently there was a reader on the site that had essentially been abandoned by his debt settlement company and could not get any answers or help on his last debt. I turned to Kevin Landie of Pacific Debt and asked him if he would help the consumer for a reduced cost or free if he could as part of my ... Read More »

            Mass Joinder Raids and a Review of the Lawsuits Against Lawyers and Marketers

            Mass Joinder

            Yesterday a number of law enforcement officials raided offices of lawyers and marketing participants who have been involved in mass joinder efforts. Consumers were sold access to lawsuits with a number of claims against their lenders and were told they could get their homes free and clear, cash back, stop foreclosure, etc. These efforts were pushed by marketers that took ... Read More »

              Post-Recession Charge-Offs Vanishing

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              An interesting article sent in by a tipster (send in your tips here) from Inside ARM reinforces what has been said here about bad debt declining. The article looks into the vanishing charge off debt and without that debt there is less stimulus for debt relief services. The article says: “So, I decided to do a little digging. I ended ... Read More »

                Leading Debt Arbitrators Pissed Off At Canadian Credit Counseling Society

                Leading Debt Arbitrators Not BBB Accrediated

                A tipster (send in your tips here) just alerted me that a company I had recently written about in Is Leading Debt Arbitrators in Canada a Poser? is apparently taking a run at another of their critics, the Credit Counseling Society at nomoredebts.org. And while they took an ill fated swipe at the Credit Counseling Society they have only harmed ... Read More »

                  Johnson Law Group and ESS Fall Out of Love

                  Just today I was reporting about Enhanced Support Services (ESS) after they were hit with a $594,000 fine and refund in Colorado. At one point Johnson Law Group in Orlando was the creation of Tom Roland of ESS and other companies. But apparently the love affair is over between the two groups. An email sent to Johnson Law Group clients ... Read More »

                    Tom Roland and Enhanced Servicing Solutions Slamed With Half Million Dollar Civil Fine.

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                    Colorado Attorney General John Suthers announced yesterday that his office has obtained a $590,000 judgment against Orlando, Fla.-based Enhanced Servicing Solutions after the company engaged in unregistered debt management services for Colorado consumers. The judgment, which comprises $504,000 in civil fines and $90,000 in consumer restitution, followed a June complaint against the company and its president, Thomas Roland. The judgment ... Read More »

                      Legal Helpers Debt Resolution Mailer. Reader Reports Them to Bar.

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                      A reader and tipster (send in your tips here) just sent in a mailer they received from Legal Helpers Debt Resolution and Macey, Aleman, Hyslip & Searns. The reader sent the mailer in through the tip line here and said: Here is a solicitation letter I received form Legal Helpers/Macey Aleman. I am a North Carolina resident. The required disclaimer ... Read More »

                        Global Client Solutions Alleged to Enter Credit Counseling Arena

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                        For a number of months now I’ve heard that Global Client Solutions has wanted to get into the credit counseling and debt management arena. To date I’ve not published anything about this but I just received a very interesting letter that appears to confirm that and also allege that Global Client Solutions is/was considering kickbacks on monthly fees. This correspondence ... Read More »

                          Consumers Doing Much Better Paying On Time. 17 Year Low.

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                          New data out from TransUnion shows that consumers are doing a great job of bringing their finances back into good shape. For the sixth consecutive quarter, the credit card delinquency rate has dropped. The number of consumers that were 90 days or more delinquent has now dropped to a 17 year low and credit card debt per borrower is hovering ... Read More »

                            Consumers Avoiding Debt Reports NY Fed

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                            A report out from the New York Federal Reserve shows that the amount of consumer debt has dropped since June 2010. As of June 30, 2011, total consumer indebtedness was $11.4 trillion, a reduction of $1.08 trillion (8.6%) from its peak level at the close of 2008Q3. Consumers’ non-real estate indebtedness now stands at $2.28 trillion, 9.5% below its 2008Q4 ... Read More »

                              Credit Card Delinquencies at Pre-2006 Low Levels

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                              Experian is reporting that credit card accounts that are 60 days past due has reached levels not seen since before the recession. Nationally, since 2007, 20 percent fewer credit card payments are 60 days late, but 25 percent more consumers are paying their mortgage 60 days late. The cities that showed the most improvements to bankcard payments include Cleveland, Ohio; ... Read More »

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