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Debt Relief Industry

Debt Defense Services is Back and Making Some Disturbing Claims

caution

Recently a debt relief insider and tipster (send in your tips here) sent me documents that were being circulated by Debt Defense Services. I’ve written about them before, see this. This time they are trying to recruit people by telling them how debt settlement companies switch to selling their debt relief services once they hear about what they have to ... Read More »

Brite Solutions Financial Services Says What About the FTC?

Big Scam Dog

A reader and tipster (send in your tips here) in the debt relief industry forwarded me an email they recently received from Brite Solutions Financial Solutions that makes the dumbest claim, unless you want the FTC and CFPB breathing down your neck. The email to signup new Brite Solutions affiliates says: “Higher Commissions : FTC Compliant : Easy Sale Performance ... Read More »

Take Charge America Scores $300,000 Payday to Help Consumers

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PHOENIX–(BUSINESS WIRE)–Take Charge America, Inc., a non-profit credit counseling and housing counseling agency in Phoenix, was awarded $300,000 by the Arizona Attorney General’s Office over the next three years to provide free foreclosure intervention counseling to Arizona homeowners. “This award will enable us to assist even more residents in need, helping them navigate the complex mortgage loan industry and possibly ... Read More »

FTC Proposes New Rules to Protect Consumers From Being Scammed

ftc

The Federal Trade Commission is proposing new rules to help protect consumers and is opening a public comment period in which anyone can offer feedback and the ability to comment on the proposed rules. The proposed changes in the Telemarketing Sales Rule, or TSR as many call it, is partially created because of some recent scams that have involved how ... Read More »

Debt Settlement Company Sends Mailer Warning Consumers of Scheme

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As if the 2013 version if the debt relief industry was not weird enough at times, this completely unexpected mailer was sent in and was allegedly sent by one debt settlement company who has appeared on the site to use this site as a weapon to prevent customers from leaving them and going elsewhere. I don’t want to name the ... Read More »

InCharge Getting Busy and Chasing Educators

INCHARGE DEBT SOLUTIONS LOGO

InCharge® Debt Solutions (“InCharge”), a nonprofit credit counseling agency, announced today that its Teach Money program reached the milestone of being completed by more than 1,000 future educators in Central Florida. The program is funded by Chase [Chasing, get it?] and is designed to address one of the fundamental steps outlined by the Consumer Financial Protection Bureau (CFPB) in its ... Read More »

US Debt Relief Center Mailer Seems Over the Line

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I thought the day of the fake looking official mailer from Washington, DC were over. I was wrong. An entity called US Debt Relief Center is sending out mailers offering debt settlement services. An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. Front This mailer and several others I’ve posted recently are ... Read More »

World Law Debt, Meet Oregon

Panic attack

World Law Debt might want to read the tea leaves facing them from recent actions by North Carolina and now Oregon. Read past article on World Law Debt On July 1, 2013 the Oregon Department of Justice and Department of Consumer and Business Services sued Swift Rock Financial, Wold Law Debt, World law Direct, World Law Group, World law Plan, ... Read More »

August 2, 2013 is the Day for the New Debt Relief Industry

news-hot

I wrote extensively about the new coverage by the Consumer Financial Protection Bureau of rules that regulate the debt relief industry. See Here It Comes. CFPB Supervision of Debt Relief Industry and Credit Counseling. The new rules were published in the Federal Register on July 3, 2013 and will go into force on August 2, 2013. – Source Get Out ... Read More »

New Bank Guidance Can Be a Debt Collection Game Changer

The Office of the Comptroller of Currency has issued guidance to banks it supervises that will be used to supervise the bad debt and debt collection practices of banks. The new guidance is not a rule yet but it is the OCC document on what is “best practices.” The focus of the rule is bad debt that is sold and ... Read More »

Here It Comes. CFPB Supervision of Debt Relief Industry and Credit Counseling.

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The CFPB has released their final rule covering nonbank providers and the rule appears to sweep up all of the debt relief world. The rule will become effective 30 days after publication in the Federal Register. It is my understanding this will be published on July 3, 2013. The CFPB rule making document makes it clear companies who believe they ... Read More »

Morgan Drexen Announces Expansion of Services

news-hot

A tipster (send in your tips here) sent in a copy of an email sent out by FM News Weekly that announced the expansion of Morgan Drexen services. “Official Release: Morgan Drexen Integrated Systems is now fighting online rip-off and scam blogs that are ruining business reputation and potentially costing businesses millions of dollars in revenue. Join the Fight.” The ... Read More »

Legal Solutions Debt Sends Out D-42 Mailer Claiming Non-Profit Status and Mortgage Modification

WLD v LDS

A reader reached out to me and wanted to know more about a mailer they received that claimed to offer a mortgage modification. Additional details were even more surprising. An amazing reader Sassyfrass send in a new debt relief mailer through my I Buy Junk Mail program. The mailer is below. Outside As you can see the outside of the ... Read More »

American Debt Mediators Sends New Offer to Consumers

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Not that long ago I reviewed an offer sent to a consumer from American Debt Mediators. You can see that offer here and the points I felt were misleading in the offer mailed and their website. But an amazing reader just sent in a new debt relief mailer through my I Buy Junk Mail program. The Envelope Sent from Santa ... Read More »

The National Distressed Asset Relief Program Mailer. LOL. OMG.

darp

Just in, a mailer sent out to consumers for The National Distressed Asset Relief Program with it’s live not a reach check attachment. An amazing reader pplschmp send in a new debt relief mailer through my I Buy Junk Mail program. The Guts Sometimes these mailers make me laugh out loud. They are so ridiculous. But this one had me ... Read More »

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