Latest Posts
Home > Debt Relief Industry (page 58)

Debt Relief Industry

Is The Creditor Treated Fairly When People Can’t Pay Their Bills? Are Consumers Stupid When It Comes to Their Debt?

justball-144x125

The following material was sent to me to share with you by Kevin. Get Out of Debt Guy – Twitter, G+, Facebook I was a debt collector for a dozen years-and have worked in the debt settlement industry for the past 4-5 years. I come from a completely different perspective about “debt” than most people. First-I used to be a ... Read More »

Bad Debt Buyers Dealing With Shrinking Supply of Debt to Buy

justball-144x125

Another reinforcement to the unfortunate trend of negative signs that are impacting the demand for debt relief services has emerged. According to Collections & Credit Risk, bad debt buyers are finding it harder to purchase debt as the supply of bad debt shrinks. A more limited supply is driving up costs for debt buyers just as shrinking levels on consumer ... Read More »

NuHavens Refuses to Give Refund 80 Year Old for Debt Relief Services Never Delivered. Winds Up on TV,

NuHavens

A tipster (send in your tips here) sent in a link to a story by WTKR about a debt relief company called NuHavens who labels themselves as consumer advocates. It sure does not appear to be much advocacy going on here. According to WTKR, 80 year old Brigitte Musial paid NuHavens to negotiate her debt. Things did not work out ... Read More »

Details on Mogran Drexen Lawsuit by West Virginia AG. Allegedly Unlicensed, Unfair, and Unrefunding.

MD WV-1

I’ve received copies of the complaint and atachments of the lawsuit filed on Friday, May 20,2011, by the West Virginia Attorney General against Morgan Drexen Vincent Howard, Damian Nassiri, Lawrence Williamson, Rachelle McIntyre-Nicholson, Walter Ledda personally and as CEO of Morgan Drexen. What follows will be details from the suit filed. Morgan Drexen Complaint Morgan Drexen is not authorized to ... Read More »

Morgan Drexen Claimed to be Unfair and Deceptive in Suit by West Virginia AG. Includes Local Attorney.

justball-144x125

This comes from the WV AG press release but I’ve requested a copy of the complaint from the State. What’s interesting about this announcement is that the AG office also went after the local attorneys in West Virginia as well. Attorney General Darrell McGraw Sues Kansas, California, and West Virginia Lawyers to Halt Morgen Drexen Debt Collection Business CHARLESTON – ... Read More »

Florida Bar Issues Warning to Lawyers Getting into Mortgage Modification With Non-Lawyers

justball-144x125

A recent article by the Florida Bar seems to also be relevant to those attorneys that are selling mass joinder litigation to go after banks that issued mortgages. The mass joinder sales reps frequently say it is a solution to help avoid foreclosure. Here is an excerpt of what the Florida Bar has said: The Florida Bar’s Ethics Hotline has ... Read More »

See Who is For and Against California SB 708 Debt Settlement Legislation

justball-144x125

A tipster (send in your tips here) sent me in the link to the current California debt settlement bill that listed who was before and against it. What is interesting to note is that Visa is for it and Consumers Union. Gail Hillebrand who was behind these efforts at Consumers Union is now with the CFPB. In Support of the ... Read More »

Credit Card Delinquencies Move Downward to Levels Not Seen Since 1996

TU Delinquencies

TraunsUnion has just released their latest report on credit card delinquencies. The lower the level of delinquencies, the lower the level for debt relief services since the vast majority of debt relief inquiries are stimulated by delinquent account holders. In a recent article, here, some in the debt relief community felt that the level of delinquencies was erroneous and not ... Read More »

California Debt Settlement Legislation Tries to Close Attorney Loophole

justball-144x125

Apparently the attorney loophole for debt settlement services is being address in new legislation. The current bill passing through the legislative process in California has had a recent addition that specifically targets advanced fee attorney model debt settlement services. Here is what the current version of the bill says regarding attorney exemptions: Section 12501 “(E) An attorney who provides debt ... Read More »

Reader Asks About NetDebt. Let’s Play “Do They Comply.”

netdebt cost

A reader sent in an email and wanted me to see the following statement by a site called NetDebt at NetDebt.com. The issue they wanted to point out was the statement the site made. The NetDebt.com site makes other statements the solution involves a law firm but I could not find any mention on the site who the law firm ... Read More »

Is Legal Helpers Debt Resolution a Legit Company? – Russ

justball-144x125

“Dear Steve, I have been in a client relationship with Legal Helpers Debt Resolution for under a year and have been paying them fees to settle my debt. I’ve noticed that there is a class action law suit being filed against this company. Is this a legit company? Russ” Don’t miss our free Get Out of Debt – “How To” ... Read More »

Is The Less Than Full Balance Approach By Credit Counseling Already Doomed to Fail

A tipster (send in your tips here) point out to me a recent post by Harvey Warren who has been involved in marketing or promoting the Robert Manning program from the Responsible Debt Relief Institute and Hope Financial USA. In the posting here, Warren states: Now, here’s the most amazing part in Utah. AAA Fair Credit Foundation announced last year ... Read More »

Can Any Debt Relief Company Afford to Do The Right Thing for Consumers?

justball-144x125

In some other comment threads on the site the issue has arisen that debt relief companies are doing the right thing for consumers by asking about their situation and getting budget numbers before qualifying the consumer for their program. And over on this article, if you search through the long comments, I’ve engaged in comments with others if debt relief ... Read More »

The Fulfillment Center Claims 100% Success and 190,000 Clients But That Does Not Appear True

The Fulfillment Center just sent out the following email that makes some pretty incredible claims. From: Yaron Kimelman [mailto:[email protected]] Sent: Wednesday, May 18, 2011 9:52 AM To: Yaron Kimelman Subject: Close More Business with FCRA Section 609 {Especially Debt Settlement Business) FCRA SECTION 609 Hello and good afternoon . Nice to be talking with you again. I want you to ... Read More »

Debt Relief Companies Targeted by Scott Law Group in Washington

justball-144x125

In response to an article I posted yesterday here in which I mentioned Darrell Scott, Esq. said he was going after 16 settlement companies, a reader sent in the actual list of companies. The tipster (send in your tips here) said: “The Scott Law Group, P.S. is currently involved in debt settlement litigation involving the following companies:” Ascend One Corporation ... 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.