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Debt Relief Industry

BBB to Regrade Debt Settlement Companies

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Multiple sources have now come forward to share with me information that shows the BBB has written an extensive guide on regrading BBB debt settlement company members. The bottom line is that the BBB recognizes the importance of the FTC Telemarketing Sales Rule implementation and is using that as the basis of the regrading. The good news is this will ... Read More »

Mass Joinder & Mass Litigation Affiliate and Marketing Information

K2 Affiliate

In an effort to wrap my head around who are the current players in the marketing of mass joinder and mass litigation when it comes to mortgages I’m posting this article. This post draws no conclusions but is simply a repository of examples of this type of marketing. If you have any additional examples, please post them in the comments ... Read More »

Tipster Wants to Know, are Credit Arbitrators and Credit Answers the Same Outfit?

Credit Arbitrators Building

A tipster (send in your tips here) want to know if Credit Arbitrators was the same company as Credit Answers. I took a look at the two websites and discovered they have the same picture of the same office building they work in. I’ll let you comment and judge. Click image for a larger view. Certainly an interesting coincidence. And ... Read More »

Debt Settlement Lead Seller Targets Disabled and Elderly

Loan Mod Settlement Leads

I spotted this little nugget online. It’s a California based company that is selling debt settlement leads that appear to target people on SSI, pensions, or retirement. – Source Feel free to comment. Get Out of Debt Guy – Twitter, G+, Facebook I can always use your help. If you have a tip or information you want to share, you ... Read More »

Mass Joinder Mortgage Lawsuits Just Got a Whole Lot More Foul Smelling

Brookstone Sales Ad

An amazing tipster (send in your tips here) sent in a bunch of documents on the sales approach for the recent wave of mass joinder lawsuits that are being sold as a way to get your house free and clear. These documents, that I will share with you below, not only create some potential concerns over legal fee splitting but ... Read More »

Debt Relief Cottage Industry Springs Up. Fee Recovery by the Center for Legal Justice.

Center for Legal Justice

In the interest of disclosure I have had conversations recently with Damon Day, an independent debt coach, that does provide a fee only on recovery service for consumer paid fees for debt relief service not delivered. I’ve also spoke with others previously inside the debt settlement arena who are considering launching national services to recover fees paid specifically for advanced ... Read More »

New Life Debt Relief and Debt Stub Have Similar Websites and Settlement Examples

NewLiftDebtRelief.org

A commenter on an article I just wrote about DebtStub.com, (see article here), which says they are located DebtStub.com, 128 Old Town Rd Suite A Setauket, NY 11733, just posted that a comment saying the DebtStub.com site looks the same as the New Life Debt Relief site. New Life Debt Relief says they are located at New Life Debt Relief, ... Read More »

Freedom Debt Relief to Pay Big Settlement to Washington Residents

FDR Judgment Summary

The Attorney General in Washington announced today they had reached a settlement with Freedom Debt Relief to pay nearly $800,000 in restitution plus attorneys fees and costs. We’re paying special attention to operations that take advantage of people who, due to this tough economy, are already struggling to put food on the table and keep the lights on,” Attorney General ... Read More »

Debt Stub, DebtStub.com, “Our Reputation Speaks for Itself.” What’s It Saying Now?

DebtStub.com

A tipster (send in your tips here) point out DebtStub.com to me and asked me to check if they were a USOBA member, since I have found many recently who are not but displaying the seal. A look at the site found they are using the USOBA logo. They claim to be members of both TASC and USOBA but TASC ... Read More »

Let’s Play “Do They Comply” With Delray Credit Counseling

AACCPros

Readers of this site know how to play “Do They Comply.” But if this is your first time, take a look at the advertisement below and provide your feedback if you think the advertisement is fair and reasonable. I was surfing online and the following ad stood out. At first it appeared to be ad advertisement for ACCPros, a group ... Read More »

State of Washington Files Amicus Brief in Support of Case Against Freedom Debt Relief and Freedom Financial Network

Another brief forwarded to me recently by a regulator friend was that of the amicus brief filed by the State of Washington in a private case against Freedom Debt Relief, Freedom Financial Network, Andrew Houser, and Bradford Stroh. The issue appears to have been if Freedom was in fact a debt adjuster under the Washington Debt Adjusting Act. The claim ... Read More »

Global Client Solutions and Rocky Mountain Bank & Trust Said to Have Aided and Abetted Debt Settlement Companies to Violate Statute

A regulator friend of mine just forwarded me a copy of the State of Washington amicus brief filed in a class action case I reported about previously. The case is Carlsen v. Global Client Solutions and Rocky Mountain Bank & Trust. – Source The State of Washington weighed in on the matter and make some strong statements that do not ... Read More »

Legal Helpers Debt Resolution Lawsuit May Just be the Primer to Kill Most Attorney Model Debt Settlement Groups

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For some it was only a matter of time before a regulator took a swipe at the attorney model debt settlement approach. Well today the mystery was solved of who it would be. Attorney General Lisa Madigan, a hero of many for standing up for consumers, answered the call and filed suit today against Legal Helpers Debt Resolution, headquartered out ... Read More »

Details on Suit Filed Against Legal Helpers Debt Resolution by Illinois Attorney General Madigan

U.S. National Debt Relief Plan

For the sake of disclosure, everything below is what is alleged in the lawsuit against Legal Helpers Debt Resolution, also known as Macey, Aleman, Hyslip & Searns. The suit kicks attorney model debt settlement and says it is no better than service delivered by a non-law-firm debt settlement provider. LHDR rarely, if ever, negotiates settlements with all of consumer’s creditors. ... Read More »

It Begins. Illinois AG Sues Legal Helpers Debt Resolution.

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Yesterday Lisa Madigan, the Illinois Attorney General filed suit against Legal Helpers Debt Resolution, PC. Legal Newsline is reporting that Legal Helpers Debt Resolution “allegedly charged upfront fees for its debt settlement services, but went back on its promises. Legal Helpers Debt Resolution LLC allegedly charged consumers with promises to make them debt free. The consumers’ debt was never relieved, ... Read More »

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