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Debt Relief Industry

Debt Settlement Companies Being Investigated by State of Kansas

Kansas is cracking down on the sales and service of debt settlement services. While tight lipped about who they are specifically investigating, Kevin Glendening, the Deputy Banking Director, has confirmed his office is investigating debt settlement companies. Glendening says, “Companies that I think consumers should avoid are a lot of the ones that you see advertised on the late night ... Read More »

NYC Department of Consumers Affairs to FTC – Ban Debt Settlement Advance Fees

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Yet another letter to the FTC in support of the telemarketing sales rules to ban advance fees for debt settlement. This one is from the New York City Department of Consumer Affairs. Get Out of Debt Guy – Twitter, G+, Facebook Mr. Donald S. Clark, Secretary Federal Trade Commission Room H-135 (Annex T) 600 Pennsylvania Avenue, NW Washington, DC 20580 ... Read More »

CRL Says TASC and USOBA Harm Ordinary Families at the Hands of Debt Settlement Companies

CRL Image

Here is another letter sent to the FTC in support of banning advance fees for debt settlement programs. It is notable for it’s strong statements and its well documented footnotes. Get Out of Debt Guy – Twitter, G+, Facebook Comments of Michael Calhoun, President, of the Center for Responsible Lending to the Federal Trade Commission Notice of Proposed Rule-Making: Telemarketing ... Read More »

41 Attorneys General Say to FTC, Ban Debt Settlement Advance Fees Damnit

NCRA

Here is a letter that was sent to the FTC from the National Association of Attorneys General in support of banning advance fees for debt settlement programs. Get Out of Debt Guy – Twitter, G+, Facebook Federal Trade Commission Office of the Secretary Room H-135 (Annex T) 600 Pennsylvania Avenue, NW Washington, DC 20580 Re: Telemarketing Sales Rule – Debt ... Read More »

Consumer Groups Make the Case to Not Exempt Debt Settlement Attorney Model From Regulation

Americans for Financial Reform

This letter was sent in by a loyal tipster (send in your tips here), thank you. Get Out of Debt Guy – Twitter, G+, Facebook Oppose the House Offer on H.R. 4173 to Exempt Attorneys Engaged in Unfair, Deceptive or Abusive Consumer Financial Practices June 22, 2010 House-Senate Conferees, H.R. 4173 Washington, DC 20510 Dear Senator or Representative: Americans for ... Read More »

Dave Burke, Erik Sale, Real Talk Network and Institute of Consumer Economic Education All Sued and Hit With TRO by Attorney General of Colorado

RTN Contract Example

In January, 2010 I wrote and published Investigative Report: Dave Burke and Real Talk Network (Real Talk Network, Inc.). Is It a Scam? where I had some real reservations about a debt relief operation operating out of Colorado. My initial concerns came after a reader sent in a question that he went to a get out of debt seminar and ... Read More »

BBB Sends Letter of Strong Support to FTC to Ban Advance Fees for Debt Settlement and NoteWorld

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On July 2, 2010 the BBB of Southern California sent a very clear statement to the Federal Trade Commission and urged them to ban advance fees for debt settlement programs. Here are some highlights from that letter. On behalf of the Better Business Bureau of the Southland, I am writing to offer my strong support of the proposed FTC rules ... Read More »

Today Show Airs Piece on Debt Settlement and Credit Solutions

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Credit Solutions and other debt settlement companies are slammed in an investigative report that aired on the Today Show. The clip even contains a brief interview of the BBB and a recording of the sales representative telling consumers to stop paying your bills. Dan Goldberg of TASC says that there are only a few “bad actors” in the debt settlement ... Read More »

The Association of Attorneys for Debt Resolution – A Tip.

I received the following tip and wanted to share it with you. Please take a look at this website www.aadrsite.com – this is for a new association called The Association of Attorneys for Debt Resolution. This is a FOR PROFIT organization headed by Tami Brown. She claims to be the founder of TASC and a COO for Credit Answers. She ... Read More »

Cyrus Global and American Star Debt Settlement – Watch Out

I received an inquiry from a tipster (send in your tips here) about an email that was being sent out from Cyrus Global that guaranteed debt settlement rates, hedge fund buys the debt immediately from the consumer and includes attorney representation. So I took a quick look into this. The email also had a link to American Start Debt Settlement ... Read More »

NAACP and AFL-CIO Tell FTC, Advance Fee Debt Settlement Must Be Banned

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I’ll just let the letter below speak for itself on the issue of banning advance fee debt settlement by the Federal Trade Commission. Get Out of Debt Guy – Twitter, G+, Facebook American Federation of Labor-Congress of Industrial Organizations (AFL-CIO) Leadership Conference on Civil and Human Rights (LCCHR) National Association for the Advancement of Colored People (NAACP) National Council of ... Read More »

Institute of Consumer Economic Education (ICEE) – Sadly Dave Burke Appears to Be Back

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A tip just in. Real talk is no longer a business…However Dave Burke is still very much in business just under a totally different company name! RTN is now the “institute of consumer economic education” Melody Burke purchased all of RTN assets, under the institute of consumer economic education so real talk doesn’t exist anymore! what she didn’t purchase was ... Read More »

Judge Rules Against Debt Resolvers USA. Orders Them to Repay All Debt Settlement Fees to Consumer.

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A Staten Island, New York judge cancelled a debt settlement service agreement that Dmitri Pavlov entered into with Debt Resolvers USA. Judge Phillip Straniere ordered Debt Resolvers USA to repay 100% of the money it had collected from Pavlov, $1,693, saying that the judge ruled that the debt settlement company was operating illegally and its contract was unenforceable in New ... Read More »

Chicago Debt Collection Firm, Friedman & Wexler, Silently Closes Doors and Leaves Consumers Wondering

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The Chicago Tribune is reporting that Chicago based debt collection firm Friedman & Wexler has apparently closed it’s doors in the face of more trouble and suits by its own customers. What makes this situation worth writing about is that just like in the Mann Bracken case where the debt collection firm closed its doors overnight, this looks like a ... Read More »

Andrew Houser from TASC Pleads With FTC, “Please Don’t Ban Upfront Advance Debt Settlement Fees.”

Andrew Houser from Freedom Debt Relief and board member of The Association of Settlement Companies (TASC) recently sent a letter to the FTC pleading that banning advance fees would hurt consumers. I know, how funny and unbelievable is that? Apparently what TASC can’t get through their head is that there is no good reason why consumers should continue to be ... Read More »

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