This comes straight from a tipster (send in your tips here) who directed me to the site of Cotchett, Pitre & McCarthy. I reached out to CPM for additional information but as of the time of publication I had not heard back. Cotchett, Pitre & McCarthy is continuing its investigation into fraudulent “debt counseling” and debt collections in the subprime ... Read More »
An awesome tipster (send in your tips here) sent this to me recently. What’s your take on this not being fee splitting or landing people into trouble? I was intrigued by the statement: 3rd Party Debt Buyer takes the chance by re-writing the clients loan without even having to have the credit to qualify (Basically giving the client the chance ... Read More »
Maryland legislators for the fourth year in a row will consider regulating debt settlements, and new recommendations in a report out this month may be the charm. In Maryland, legislators have tried three times to regulate the industry. Sen. Thomas “Mac” Middleton, chairman of the Finance Committee, says his committee requested a study before the next session begins in January. ... Read More »
Florida Agriculture and Consumer Services Commissioner Charles Bronson has announced the arrest of a Lee County man for falsifying information on a state document that telemarketers are required to submit. 38 year old Jose A. Negron was charged with two 3rd degree felonies for falsification of a telephone salesperson application. The department regulates telemarketers and state law requires them to ... Read More »
I got a question from a tipster (send in your tips here) asking me about debtsettlementprocessingnow.com. I had never visited the site before [quicktime]http://getoutofdebt.org/wp-content/uploads/TrinityAffiliateManagement-20101213.mov[/quicktime] As of the last public listing of domain ownership, 9-17-2009, the domain was registered to: Trinity Debt Group 1180 Lincoln Ave Suite 1 Holbrook, NY 11741 A Google search of the address above now lists it ... Read More »
Preferred Financial Solutions, CCR Now, Credit Card Relief Claims to be Attorney Debt Settlement Firm
As part of my project to capture debt relief television marketing claims I captured the video below which claims to be the debt settlement industry leader and the only true attorney driven national mediation debt settlement law firm program in the country. [quicktime]http://getoutofdebt.org/member/video/CreditCardRelief-20101210.mov[/quicktime] So I called the number in the commercial, 800-936-1263 and it was answered by a representative that ... Read More »
Well it looks like yet another attorney is on the verge of being disbarred for debt relief activities. This time it is Robert Lock, Esq from CCDN. His debt validation activities and sharing fees for referrals with non-lawyers is a critical part of the action against him by the Illinois Attorney Disciplinary Commission. Get Out of Debt Guy – Twitter, ... Read More »
Commercial Name: Credit Card Relief Attorney Debt Settlement Record Date: 12-10-2010 Network/Channel: CNBC Description: The commercial makes claims that it is for an attorney driven national law firm but after researching the company behind the commercial and the one that receives the calls from the commercial, they are not. They are in fact Preferred Financial Solutions, Inc., Credit Card Relief, ... Read More »
Recently a tipster (send in your tips here) passed a consumer contract for debt relief services from US Legal Services Group (uslsgroup.com) According to the US Legal Group website they resolve consumer debt problems and they work with financially distressed consumers. They indicate they have attorneys in the following states. As part of the site they provide a number of ... Read More »
Do They Comply? Consumers Debt Services Says Debt Settlement Let’s You Stop Making Payments Right Now – Legally!
A wonderful site tipster (send in your tips here) brought the site for Consumer Debt Services to my attention. The heading appeared that by enrolling in their CDS Debt Reduction Program that consumers would be able to “Stop making Payments Right Now – legally!” After taking a quick look around the site, this jumped out at me on the second ... Read More »
Attorney Needs Help With Debt Lawyers of America, Debt Arbitrators of America, and Financial Crisis 180.
I received the following request for assistance from an attorney who is representing a consumer. I suggested to the attorney they readers of this site have a lot of information and are very resourceful and might have information to post in the comments to assist the attorney. The Attorney Asks… My client paid $Xfor 12 months and is only getting ... Read More »
A debt settlement company has forwarded me the following email pitch they received from a face-to-face meeting company. These companies are acting as agents of debt settlement companies in order “to satisfy the FTC’s face to face TSR exemption,” so some debt settlement companies can continue to collect large up-front fees from consumers. The Email Pitch Thank you for taking ... Read More »
The IRS has revoked its determinations of the following organizations as described in sections 501(c)(3) and 170(c)(2) of the Code. Advanced Debt Management Solutions, Inc. of Tampa, FL American Family Credit Counseling of Peoria, AZ Apple Consumer Credit Counseling, Inc. of Lynebrook, NY California Consumer Credit of Los Angeles, CA Consumer Counseling Centers of America of Fort Lauderdale, FL Consumer ... Read More »
A recent comment on the site pointed out a Debt Settlement Scams website at debtsettlementscams.com. The site lists the following companies and says they are the subject of Attorney General investigations. Accelerated Debt Relief Aces Credit Solutions ADA Tampa Bay, also known as American Debt Arbitration, of Tampa Allegro Law Firm. American Debt Foundation Inc. American Financial Service Anquella Davis ... Read More »
Debt Relief Company Uses Notaries to Meet With Consumers. Notaries Turn the Company In to Regulators.
21st Century Legal Services, Inc. out of California, with 301 unanswered BBB complaints (source), has just agreed to pay almost $300,000 in fines to the state of Wisconsin as the result of a default judgment. What makes this case so interesting for other areas of debt relief services is that it used local notaries to make in-person visits to gather ... Read More »