Latest Posts
Home > Debt Relief Industry (page 60)

Debt Relief Industry

Ridiculous Debt Relief Mailer – Avoid Credit Card Responsibility and Disclosure Act of 2011.

CCARDA 2011

Thanks to another wonderful tipster (send in your tips here), here is another version of the sudden wave of misleading and deceptive debt relief mailers that are being sent out. This one is titled the Credit Card Responsibility and Disclosure Act of 2011. What is blazingly stupid is that in the very first sentence it refers to the Credit Card ... Read More »

Trials and Tribulations of Running a Legitimate Debt Settlement Company in Today’s Environment

nera_website_32

The following guest post was contributed by Alex Vieco of New Era Debt Solutions. Alex is an experienced debt settlement company executive and his company is a member of the AACC that works hard to create fair and balanced solutions for consumers with debt issues. If you would like to contribute a guest post, click here. I was recently asked ... Read More »

Credit Card Accountability Responsibility and Disclosure Act of 2011 Mailer – It’s Total BS

Thanks to some pretty awesome tipster (send in your tips here)s the flood of fake, misleading and deceptive mailers has been coming in fast. The latest is the Credit Card Accountability Responsibility and Disclosure Act of 2011 mailer that tells consumers they need a Forensic Mitigation Program. For those of us who deal with the consumers and debt even the ... Read More »

Solid Ground Financial Hit With Washington State Class Action Suit

The Scott Law Group out of Spokane has filed a class action lawsuit against Solid Ground Financial, David Smith, Scott Haick, Rubin McEachron, JIO Reserves, and Stephen Detta. The claim is that the Defendants engaged in a uniform conspiratorial and predatory scheme to enrich themselves at the expense of financially strapped Washington families by violating Washington statutes designed to protect ... Read More »

Tipster Sends in Postcard Pitch. Do You Think It’s a Good Idea?

marketing postcard

A tipster (send in your tips here) just sent in an mailer they got from a marketing firm that wanted to target people in their area that are 60 days late on their mortgage, have late credit card payments, lawsuits, or judgments. Does anyone think it’s a smart move to contact these people using the postcards shown below? Is anyone ... Read More »

Deceptive Debt Relief Flyers Being Sent Out. Beware!

16-CCHP

For some reason there has been a resurrection of a previously sent debt settlement flyer. The flyer makes all sorts of promises about magical debt reduction but it certainly appears to be nothing more than a shining example of the type of debt relief marketing material that was made illegal under the FTC telemarketing sales rules. This particular mailer is ... Read More »

Reliant Support Services and the 11-REL 2011 Debt Reduction Plan Mailer – Let’s Play Another Round of Do They Comply!

2011 Debt Reduction Plan Mailer Envelope

For a while we’ve been playing our little game of “Do They Comply” where we review marketing material from debt relief companies to see if it looks acceptable to you. A tipster (send in your tips here) sent in the following mailer and said: My brother got this and we called the company. They said their name was Reliant Support ... Read More »

Bankruptcy Filings Up Slightly. Still No Positive Signs for Debt Relief Providers.

bk filings

Bankruptcy filings for the 12-month period ending March 31, 2011, rose 2.6 percent when compared to bankruptcy filings for the 12-month period ending March 31, 2010, according to statistics released today by the Administrative Office of the U.S. Courts. March 2011 bankruptcy filings totaled 1,571,183, with 1,531,997 bankruptcy cases filed in the 12-month period ending March 31, 2010. Business and ... Read More »

Consumer Demand for Credit is Historically Low

justball-144x125

Just today TransUnion has release new numbers that address the underlying issue in my recent articles on debt relief demand trends. TransUnion is reporting that their Credit Risk Index (CRI) has gone down for five straight quarters which indicates that consumers are more likely to repay their debt. They are also reporting that consumer demand for credit is declining as ... Read More »

Form H-118 is the New Mass Joinder Marketing Form. Watch Out.

H-118 Mailer

A reader sent in the latest version of the mass joinder mailer. I guess the folks mailing it got sick of people being able to easily find information on the old 1012-R mailer that was being sent. The H-118 mailer is the same format but just with a new name. As you can see below the form states a voided ... Read More »

Report From the TASC Conference. Attendee Sends in Their Notes,

justball-144x125

Just in, an attendee at the TASC conference just held in Las Vegas has sent in their notes of what they felt was the highlights for readers. Get Out of Debt Guy – Twitter, G+, Facebook TASC – THURSDAY BOB LINDERMAN: GENERAL COUNSEL OF FREEDOM DEBT RELIEF GOALS AND OBJECTIVES: “THIS IS A CONSUMER CENTRIC, REGULATOR SENSITIVE, BUSINESS FRIENDLY ORG ... Read More »

Credit Counseling Service Demand Down, Hard. Hold On.

Credit Counseling Search

I’m going to start off this article with a disclaimer. Over the past few months I’ve been basically getting the shit kicked out of me every time I point to evidence that the debt relief space is in trouble for a decreasing demand from consumers. See the comments on these articles, here, here, and here. I’ve also taken flak for ... Read More »

Clint Johnson of Johnson Law Group Has Law License Suspended

It’s been a bad couple of weeks for Clint Johnson and the Johnson Law Group. Along with the lawsuit by the Colorado Attorney General for offering debt relief services in Colorado without a license. This is on top of the ongoing issue with the suit alleging Johnson Law Group in Florida improperly acquired the clients from Johnson Law Group in ... Read More »

Do You Think the Attorney Model of Debt Settlement is Still a Loophole? – Chris

justball-144x125

“Hey Steve, I currently work in the Debt Relief Industry for a Company who provides Debt Management, Debt Settlement, and Bankruptcy. As of right now our Company provides an Attorney Model Debt Settlement program. We charge 15% of the enrolled debt which is spread out evenly over the entire payment plan. We also conduct a face to face consultation with ... Read More »

Florida AG Sues Three Florida Foreclosure Rescue Companies for Fraud

justball-144x125

Attorney General Pam Bondi announced that her office filed a lawsuit on Friday against three South Florida companies that allegedly were charging upfront fees for loan modification services to homeowners facing foreclosure. Charging upfront fees for these services is illegal, per F.S. 501.1377. Home Owner Protection Economics, Inc., DC Financial Group, Deleverage America, Inc. and owners Dennis Fischer, and Christopher ... 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.