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Debt Relief Industry

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

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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

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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.

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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 »

FTC Goes After More in Alleged Credit Card Interest Rate Reduction Scam

robbery

The Federal Trade Commission continued its crackdown on credit card rate reduction scams by adding eight new defendants to a case the agency brought last year, including a payment processor it alleges assisted in the fraud. The FTC filed an amended complaint against the defendants behind the firm Treasure Your Success (TYS), which allegedly made deceptive “cardholder services” robocalls, promising ... Read More »

Fresh Start Legal Advocates. Who Are They? And Then It Gets Weird.

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An interaction yesterday with a Kevin Jackson from Thomassen Law Group (if that is even a real entity) sparked my interest in Fresh Start Legal Advocates. Kevin referred to the party identified on the post card sent to consumers as “Fresh Start” and appears to indicate they are an affiliate or lead generator for Thomassen Law Group (I’m still unable ... Read More »

Debt Reduction Department Mailer Promises Underwriting and Approval

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I have a mailer in from of me that was sent from an entity who describes themselves with an extremely generic name, Debt Reduction Department. An amazing reader Kiwi101 send in a new debt relief mailer through my I Buy Junk Mail program. The mailer says the company is located at: Debt Reduction Department PO Box 4668 #66587 New York, ... Read More »

American Debt Mediators Debt Relief Offer, Reviewed

ADM

A reader sent in a copy of a mailer they got from American Debt Mediators. They said ADM is allegedly charging the first three months in fees. If true it looks like American Debt Mediators is using an attempted catalog by mail loophole to avoid the Telemarketing Sales Rules. The letter appears to be an offer for debt settlement services ... Read More »

Foreclosure Advisers – Let’s Play Do They Comply

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A reader sent in a screen shot of a webpage that uses the American flag and the picture of President Obama to essentially sell foreclosure assistance services. It’s been a while since we played “Do They Comply” where readers leave comments if they think the advertisement does or does not comply with regulations. This page is for Foreclosure Advisers, foreclosureadvisers.com, ... Read More »

Thomassen Law Group Generic Debt Relief Postcard Sent in For Review

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An amazing reader Tissa send in a new debt relief mailer through my I Buy Junk Mail program. The mailer from “Fresh Start Legal Advocates” was sent from postal permit 1297 in Sacramento, California. The same as another mailer I just covered, here. But I’m not sure if Thomassen Law Group is embarrassed to use their name on the postcard ... Read More »

Disturbing Wise Debt Relief Mailer Signed by David Hall / Indemnification & Disbursement Division

clientservices

An amazing reader Kiwi101 send in a new debt relief mailer through my I Buy Junk Mail program. This one is VERY Interesting because is uses the logos of American Express, Discover, MasterCard, and Visa to sell what appears to be a debt settlement program. The mailer does not easily identify who the company is behind the mailer. While the ... Read More »

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