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Sued or Sanctioned

First Choice Debt Resolution in Trouble for Unlicensed Debt Settlement

connecticut

The State of Connecticut is not very happy with First Choice Debt Resolution. According to the State: 1. Respondent is a Nevada limited liability company having its principal place of business at 5340 N. Federal Highway, Suite 206, Lighthouse Point, Florida. 2. From at least October 2009 to May 2012, Respondent engaged in debt negotiation of unsecured debt on behalf ... Read More »

Missouri Sues Mortgage Law Group and Legal Helpers Debt Resolution

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On March 11, 2013, Attorney General Chris Koster filed a lawsuit against two related businesses that purported to provide loan modification and mortgage relief to desperate homeowners. Koster’s suit is against Legal Helpers Debt Resolution, LLC and Mortgage Law Group, LLC, as well as the companies’ managing partner, Jason Edward Searns; senior partner, Thomas Macey; and senior partner, Jeffery Aleman. ... Read More »

National Credit Relief Bureau – NCRB – Stupid in Connecticut

angry man

Why is it that debt relief companies still do get they need to register in Connecticut before they offer services there. Yet another numb nuts has been nabbed by Connecticut on February 5, 2013. MATTERS ASSERTED 1. Respondent is a Florida corporation having its principal place of business at 8050 SW 10th Street, Suite 1800, Plantation, Florida. 2. From at ... Read More »

New Life Consultants and Their Referral Arrangement Nabbed by CT

angry man

The State of Connecticut has recently taken action against New Life Financial Solutions, New Life Consultants. What makes this interesting is the fact the company was apparently not delivering the debt relief services themselves but acting as a referral source but accepting money from the consumer. MATTERS ASSERTED 1. Respondent is a California corporation with an office at 800 Park ... Read More »

Connecticut Spanks New Crop of Debt Relief Companies

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The latest data is out from the Connecticut Department of Banking identifying the debt relief companies they’ve taken some action with since January 1, 2013. As I’ve said time and time again, you don’t mess with Connecticut unless you are licensed as a debt relief provider and comply with the laws of the state. They don’t take kindly to debt ... Read More »

CareOne Agrees to Pay Fine of 300K to Connecticut Department of Banking

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CareOne has entered a consent for sanctions against it for offering unlicensed debt negotiation services to Connecticut residents. You would think that a company the size of CareOne would not have let that happened but there it is. According to the State: WHEREAS, on August 4, 2011, CareOne filed with the Commissioner an application to engage and offer to engage ... Read More »

Fidelity Land Trust, Ed Cherry, Larry Diodato, and Paul Gallenbeck Back in the News

Big Scam Dog

Kimberly Miller of the Palm Beach Post has written yet another article about the events surrounding the attempted fancy pants cancellation of mortgages in Florida by several known or even notorious, debt relief players. The summary of recent court opinions about the efforts of the individuals and/or enterprise is certainly not favorable. Conspiracy theorists will say this is because of ... Read More »

CFPB Goes After Advance Fee Debt Settlement Company in Nationwide Coordinated Enforcement

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The Consumer Financial Protection Bureau has recently announced they have taken action against Payday Loan Debt Solution, Inc. (PLDS) and Sanjeet Parvani who routinely charged consumers upfront fees prior to settling the consumers’ debts. The CFPBs position was that the practice of charging consumers advance fees for debt settlement violates the Federal Trade Commission’s Telemarketing Sales Rule, the Dodd-Frank Wall ... Read More »

Orion Financial and Eric Thompson Settle With Colorado Attorney General

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A tipster (send in your tips here) sent me a heads up that it looks like the case I wrote about before between Orion Financial and Colorado is over. The Colorado Attorney General’s Office announced on December 20, 2012 that Adams County District Court entered a consent decree in a case involving the now defunct, debt-settlement company, Orion Financial Group ... Read More »

FTC Closes Down Credit Counseling Company We’ve Written About.

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The Federal Trade Commission has been kicking debt relief butt recently. They’ve been closing down bogus outfits almost faster than I can write updates about them. The latest is a company a reader and tipster (send in your tips here) alerted me about. I then made a secret shopper call you can listen to. See Fake Nonprofit Credit Counseling Agency ... Read More »

Details on Minnesotta Action Against Legal Helpers and Others

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Earlier I reported that Legal Helpers was uninvited from offering services in Minnesota. See this article. I now have more details on the matter. According to a document signed by Steven Carlson, Deputy Commissioner, Minnesota Department of Commerce, the state laid out the facts as they asserted them in a Cease and Desist order. Statement of Facts CDS Client Services, ... Read More »

Minnesota Tells Legal Helpers and Friends to Get the F Out

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The State of Minnesota has issued notice to Legal Helpers Debt Resolution and some affiliates that they are not welcome in the state and calls them a sham. “Minnesota consumers struggling with debt asked Legal Helpers for assistance, but instead they reported that they were scammed out of money they couldn’t afford to lose. These consumers were trying to pull ... Read More »

US National Legal Solutions and Performance Debt Resolution Named by Connecticut

The Connecticut Department of Banking has issued an update on debt relief companies they have gone after. Frequent readers will recognize that Connecticut is very tough when it comes to companies operating without a debt relief license in the state. The most recent companies named are: US National Legal Solutions US National Legal Solutions a/k/a USNLS, Inc. 92 Corporate Park, ... Read More »

Mike Wayman and Don Brokaw Sued over Mortgage Scam Operation

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The Lawyers’ Committee for Civil Rights Under Law (Lawyers’ Committee) has filed a lawsuit in Riverside County, California against a network of for-profit loan modification companies on behalf of 16 homeowners from California and five other states. The suit alleges that defendants defrauded vulnerable homeowners out of tens of thousands of dollars by falsely promising to obtain—for substantial upfront and ... Read More »

When It Comes to Connecticut Why Are Debt Relief Companies So Stupid?

It seems like every few weeks I’m covering administrative actions against debt relief companies in Connecticut. I’m sure the State is as sick and tired of issuing these fines and penalties as I am of covering them. Yet companies seem to insist in selling services in Connecticut without the proper licensing. Here is the latest round of debt relief companies ... Read More »

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