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Debt Relief Industry

Harvey Z. Warren Publishes New Book, Drop Debt. Brings Back to Mind a Bit of FTC Past That Tangles In Walter Ledda, CEO of Morgan Drexen

A couple of days ago I saw the press release for “Drop Debt” by Harvey Z. Warren and thought, “Hum, that names sounds familiar from the past.” In a twist of “what a small world it is” it came to me. There was a Harvey Warren that I remember getting slammed by the FTC a number of years ago for ... Read More »

“Shame on FH Financial Service” or This Should Be Entertaining

Shame on FH Financial Services

Now here is an ironic turn of events, with so much crap going on inside of FH Financial Services it has turned on itself. Debt settlement gone bad. A comment was previously posted by Alex Fender indicating there was some trouble-a-brewing between the guys involved in FH Financial Services. So today Alex brings to my attention a site he has ... Read More »

Is This Not The Most Misguided Picture to Put on a Debt Relief Homepage? It Actually Startled Me.

Shaw & Associates

I was just checking out the site of Shaw & Associates, a bankruptcy attorney with an alternative to bankruptcy, and this is the picture that hits you smack in the face. Really, green teeth and green eyes? It’s obviously a web designer issue but whoever posted this picture needs to be __________ (you fill in the blank). Here is the ... Read More »

Credit Solutions Announces it Will Comply FTC But Tipster Provides Interesting Info

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Thanks to an awesome tipster (send in your tips here) I have heard that Credit Solutions held an internal meeting yesterday and announced to staff that the company will comply with the new FTC TSR, effective yesterday. In my opinion I think CSA has a potential issue with their statement: “Amount of time necessary to obtain the represented results: The ... Read More »

I Want to Start a Debt Settlement Company But Have Some Questions. – Doyle

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This came in through the reader question section of the site but I thought debt relief industry readers would have a lot to share to help Doyle by putting in in the industry section. I’ll leave this one for everyone to offer their feedback and advice to help Doyle. Doyle writes: “Dear Steve, I just came across your site and ... Read More »

Consumer Recovery Network Makes The Wall Street Journal Site

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Our friends over at the Consumer Recovery Network (CRN) made the Wall Street Journal site today in a good way. In an article titled Limiting Psychological Damage From Debt Collections a consumer talks about how working with CRN helped to easy their stress. Helped by the Consumer Recovery Network, which teaches people to self-manage the wrenching debt settlement process, Bonadio ... Read More »

World Law Debt. A New Incarnation of Orion Processing, SwiftRock Financial, Messa Rock Financial, and Topaz Financial?

WorldLawDebt.com

Thanks to a tipster (send in your tips here) that pointed this out in a recent comment. they have changed their name again to hide from lawsuits and all the bad press. They are also known as orion processing and now World law debt. www.worldlawdebt.com has same address and all the same employees. Mr. Derin Scott (owner/president) is the biggest ... Read More »

The Association of Attorneys for Debt Resolution Site

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A tipster (send in your tips here) just brought to my attention that the Association of Attorneys for Debt Resolution website is now active. See aadrsite.org. Contact information is: 18300 Montfort Drive Suite 135 Dallas, TX 75240 Phone: 877-686-2237 Fax: 413-793-1464 Email: [email protected], [email protected] Consumer Disclosure As part of the AADR membership information there is something called Attachment D – ... Read More »

Conference Call By DSR Financial Proclaims Attorney Model Debt Settlement is Exempt

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This just in. Apparently there was a conference call that ended a few minutes ago by DSR Financial with Tami Brown as the speaker that was promoting how attorney model debt settlement services were exempt from the new Federal Trade Commission rules. Haven’t we already debunked that myth? A tipster (send in your tips here) sent in the following notes ... Read More »

Trying to Get Around Debt Settlement Rules By Calling Advanced Fee a Retainer. Not So Fast Bucko.

Retainer to Beat Advnace Fee

One of the rumors I’ve heard lately is from some debt settlement companies that claim they are going to get around the ban on advance fees, starting October 27, 2010, for debt settlement by calling the fee they will ask for, a retainer. The argument goes something like this. “But because I’m an affiliate of an attorney I can charge ... Read More »

Has New Horizons Debt Relief Closed? – Debbye

New Horizons Debt Relief

“Dear Steve, We ran up our credit cards about 3 years ago when my husband got laid off & had to take a job paying $10.00 an hour. One of our daughters has a life threatening illness & I couldn’t work outside the home full time. We contacted New Horizons Debt Relief out of Southern California & to settle with ... Read More »

It’s Official. You Can Say Anything You Want in a Press Release.

Innovative Wealth Builders

Innovative Wealth Builders, a company with a long record of leaving unhappy customers in its wake (here, here, and here) has just posted an article claiming they are “a watchdog for consumers.” What strikes me is that along with the many complaints this company has received is also this comment posted by someone that identified themselves as a former employee. ... Read More »

Northeast Settlement Group Places Client Service Agreements Online

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I have to tip my hat to Andy Faria of Northeast Settlement Group for placing his client agreements online for consumers to see before they enroll. I’ve always wondered why more companies don’t do that. My opinion is they should. Back in my old credit counseling days we placed all the agreements for services online for everyone, including regulators, to ... Read More »

Nationwide Debt Settlement Says Many Debt Settlement Companies Will Shutter

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From the Phoenix Business Journal. Many of the debt-relief companies that charge up-front fees to consumers likely will go out of business, said Sarah Leineke, co-owner of Phoenix-based Nationwide Debt Settlement. “All those bad guys are going down now,” she said. “A lot of these companies pay themselves first, so it will shut them down now. It’s not going to ... Read More »

Debt Settlement Company Says Refunds Should Be Made to Consumers

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Here is a press release that is going out. All I’ve got to say about it is Yippie Oak View for taking a stand that consumers deserve fair refunds. It is certainly a better approach that those companies that tell people “too bad, so sad” and then don’t give a refund even though they have not done much, if any, ... Read More »

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