Latest Posts
Home > Debt Relief Industry (page 50)

Debt Relief Industry

Consolidated Credit Announces Winner for the ‘Reasons Why Debt Sucks’ Video Contest

justball-144x125

Consolidated Credit gave consumers a chance to win a free iPad in their “Reasons Why Debt Sucks” video contest. After carefully evaluating each submission based on how consumers got into debt and what they’re doing to dig themselves out, Consolidated Credit has chosen a winner! Ft. Lauderdale, FL (PRWEB) August 10, 2011 Consolidated Credit Counseling Services, Inc. gave consumers a ... Read More »

Doug Van Arsdale and Credit Solutions of America Settle With Maine

justball-144x125

Just yesterday I was talking to a debt relief industry insider and saying, “Whatever happened with Credit Solutions of America, you don’t hear about them anymore.” And here they are right back in the news. Below you will find the press release published by the State of Maine. Attorney General William J. Schneider announced today that Maine reached an agreement ... Read More »

Good News: Mortgage Delinquencies Continue to Drop

Delinquent Mortgages

The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) decreased for the sixth consecutive quarter, dropping to 5.82% at the end of the second quarter in 2011. This information is reported by TransUnion and is part of its ongoing series of quarterly analyses of credit-active U.S. consumers and how they are managing credit related ... Read More »

New Path Financial Booted Out of Wisconsin

New Path Financial

A tipster (send in your tips here) just let me know it’s been a really bad day for New Life Financial. Not only did New York City just subpoena them, see NYC Launches Investigation Into Debt Settlement Companies, but apparently Wisconsin just kicked them out of the State. According to a July 6, 2011 notice, New Life Financial, located at ... Read More »

NYC Launches Investigation Into Debt Settlement Companies

justball-144x125

This is just out from the New York City Department of Consumer Affairs. And for the record, this is the same thing that is going to happen to companies that get involved in debt restructuring as well. Department of Consumer Affairs (DCA) Commissioner Jonathan Mintz announced today that DCA is issuing subpoenas to 15 debt settlement companies, all of which ... Read More »

Debt Relief Legally Wandering Into Problematic Debt Restructuring

Debt Relief Legally

A reader and tipster (send in your tips here) just sent me an email that was sent out by Debt Relief Legally. For the most part it was very typical of what I usually see. It mentions they offer affiliates access to debt mediation programs, tax settlement programs, and credit counseling programs. And if this email was typical like the ... Read More »

Attorney General Presentation About How to Stay Off the Radar

justball-144x125

Phil Lehman spoke at the recent Debt Relief Master Class. Mr. Lehman presents his opinion and information about the view of debt relief and debt settlement providers from his position and experience as a participant in the federal testimony about the industry and a follower of the consumer debt niche. He additionally talks about the consumer problems with regard to ... Read More »

Consumer Borrowing Up in June. Reading Tea Leaves.

Percentage Revolving Consumer Lending

The latest data from the Federal Reserve is out for June 2011. The data shows an increase in revolving consumer borrowing for primarily commercial banks. Commercial banks increased revolving consumer debt from May 579.2 billion to June 584.4 billion. Pools of securitized assets diminished between May and June from 41.8 billion to 41.5 billion. Other sectors showed growth in unsecured ... Read More »

Continued Concern for Debt Relief Demand

Zemanta Related Posts Thumbnail

The downgrading of the U.S. credit rating by Standard & Poor’s this week from AAA to AA+ might feel like an event that only has an impact on those that watch the economy. But it’s impact on the debt relief industry can’t be overlooked either. In order to have a successful debt relief industry you need two components, consumers with ... Read More »

My Public Testimony Regarding CFPB Supervision of Debt Relief Companies

cfpb

Below you will find a copy of my public testimony to the CFPB as part of their request for comments regarding determining who they should regulate. If you read my previous article, “CFPB is Looking for Public Comments on Debt Relief Industry” you can learn more about their request. Get Out of Debt Guy – Twitter, G+, Facebook My Public ... Read More »

Credit Counseling Industry In Crisis

justball-144x125

I had to go back and look for something I had written before and in my search I found these old press releases I had sent out in early 2005. Funny how those issues are still going on today. While we think times change, apparently in the debt relief world, they don’t. Get Out of Debt Guy – Twitter, G+, ... Read More »

Preferred Financial Services – PFS. Let’s Play “Do The Comply”

Zemanta Related Posts Thumbnail

A tipster (send in your tips here) sent in a link to the Preferred Financial Services site and wanted to know if USOBA was keeping an eye on their members. Thank you tipster (send in your tips here). I’ll forward this to USOBA so they can take a look at your request. Do They Comply is our little insider game ... Read More »

Morgan Drexen Complaints Stuck in Court

justball-144x125

Morgan Drexen appeard in court in Virginia on this past Tuesday in an effort to get this lawsuit tossed out. See: Morgan Drexen Sued in Virginia. Called Parasitic. Allegedly Violated Credit Counseling Act Morgan Drexen Virginia Lawsuit Update On Tuesday, Morgan Drexen appeared in court and asked to have the suit dismissed. In a hearing that lasted 27 minutes the ... Read More »

Colorado Cancels or Revokes Debt Settlement and Credit Counseling Company Licenses

justball-144x125

The State of Colorado has apparently revoked or canceled the licenses of Vortex Debt Group, Square One Debt Settlement, New Life Debt Relief, Nationwide Support Services, CSA, Credit Solutions of America, and Credit Answers. The following credit counseling group license was canceled through withdrawl, National Foundation for Debt Management. [Update: For clarification, please be advised that NFDM voluntarily surrendered its ... Read More »

Debt Settlement Insider Speaks Out About Popular Advanced Fee Attorney Firm

justball-144x125

In this post I’m not going to label the parties involved. Frankly, it’s potentially too explosive and it’s more important to get the information out rather than identify the companies. I get lots of tips and many of those tipster (send in your tips here)s are inside companies and they feel compiled to speak out to help protect consumers from ... 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.