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Sued or Sanctioned

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 »

Washington Class Action Suit Refocused on Lloyd Ward and Meracord

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Back in July a class action lawsuit was filed against Meracord (formerly NoteWorld) and Lloyd Ward, the Dallas debt settlement attorney who has sued my wife and I. The first compliant filed was a bit meandering and did not focus that much on the activities of Ward and his debt settlement companies. It appears the filing attorneys and firms have ... Read More »

Innovative Wealth Builders Settles With Missouri Attorney General.

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Thanks to a tipster (send in your tips here) a company I’ve written about before, Innovative Wealth Builders, has been found in the news. According to the office of the Missouri Attorney General, Innovative Wealth Builders is willing to pay a $36,000 settlement to the State. Here is the official statement sent out by the AG: “Attorney General Chris Koster ... Read More »

J Hass Group Debt Settlement Fine Upheld at Three Times State Request

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“Around the same time last year, the J. Hass Group was slapped with a cease and desist order by the Arizona Department of Financial Institutions accusing the J. Hass Group of “engaging in unlicensed activity as a debt management company.” The company was ordered to pay a $50,000 fine. Although their offices have since been cleared out, J. Hass has ... Read More »

Evidence CFPB Actively Investigating Next Generation Debt Settlement

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In what is the first big sign that the CFPB is tackling debt settlement, a tipster (send in your tips here) sent me a copy of a letter from the CFPB to Next Generation Debt Settlement. The letter states the Consumer Financial Protection Bureau issued a Civil Investigative Demand letter on August 3, 2012. The letter asked Next Generation Debt ... Read More »

Edward Cherry, The Sunshine State Land Trust, and Others Appeal Asset Freeze

A reader brought to my attention that on October 19, 2012, Ed Cherry and other related entities had a notice of appeal recorded regarding the asset freeze for himself, The Sunshine State Land Trust Company, Growth Capital Funding, Florida Land Trust Services, and Zion Partners Irrevocable Trust. The court document reflect the asset freeze is being appealed to the Fourth ... Read More »

Court Grants FTC Preliminary Injunction Against Pro Credit Group and Others

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On October 17, 2012 the Court granted a Preliminary Injunction against Defendants Dale Robinson (“Robinson), Consumer Credit Group, LLC (“CCG”), William Balsamo (“Balsamo”), and First Financial Asset Services (“FFA”). This case involves the following stated facts. The FTC alleges that since January 2010 Defendants have engaged in a scheme to defraud consumers by selling them a service that purports to ... Read More »

Freedom Financial Network & Freedom Debt Relief to Refund Almost All Clients Under Settlement

Thanks to a reader who alerted me, I discovered Freedom Financial Network, Freedom Debt Relief, Global Client Solutions, Rocky Mountain Bank and Trust, Andrew Houser and Bradford Stroh have agreed to settle a lawsuit filed against them and refund millions in consumer fees. According to the agreement, people eligible for refunds of fees paid include “(i) were customers of any ... Read More »

Oh Crap Mark Atalla. That’s Going to Leave a Mark.

Under the heading of what not to do, this one is right in that playbook. American Mortgage Consultants and Home Guardian Solutions were charged by the FTC for not allegedly not doing nice things to consumers. One of the defendants, Mark Nagy Atalla allegedly violated “nearly every provision of the Mortgage Assistance Relief Services Rule” and wound up in this ... Read More »

Debt Relief Lead Generator Ryan Golembiewski Settles With FTC for Big Bucks

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The Federal Trade Commission has taken action against a debt relief lead generator, who we’ve written about before, that appears to have made false statements about the effectiveness and efficacy of debt settlement, bankruptcy and credit counseling. As you will read, the statements made to induce consumers into debt settlement and credit counseling (debt management plans) is not accurate or ... Read More »

Kansas Chapter 13 Trustee Clawing Back Money From LHDR, Armored Debt Center and Meracord

On October 3, 2012 Laurie B. Williams, a Kansas Chapter 13 bankruptcy trustee, filed suit against Legal Helpers Debt Resolution, Macey Aleman Hyslip & Searns, Armored Debt Center, Global Client Solutions, Meracord, and NoteWorld Servicing Center to recover money paid by the consumer to the companies prior to them filing bankruptcy. The complaint makes the following statements and allegations: Defendants ... Read More »

US National Legal Solutions Snagged by Connecticut

The State of Connecticut, Department of Banking, has just announced issuing a cease and desist notice to US National Legal Solutions, / USNLS, Inc. According to the State: Respondent is a purported California corporation with an office at 92 Corporate Park, Suite C254, Irvine, California. On September 28, 2010, a Connecticut resident, while physically present in this state, entered into ... Read More »

Today’s Group of Debt Relief Companies Slapped by Connecticut

Readers of the site will know by now that the State of Connecticut does not take much guff from debt relief companies. Here is the latest round of debt relief companies named by the State for performing unwelcome services. The Mortgage Law Group, The Law Office of Macey Aleman & Searns, Attorney Process Solutions WHEREAS, on April 24, 2012, the ... Read More »

Ryan Sasson, Legal Helpers Debt Resolution and Others Sued by Employees New York Class Action Suit

On September 11, 2012 a suit was filed in New York by employees against LHDR Help, Legal Helpers Debt Resolution, Macey Aleman Hyslip & Searns, Thomas Macey, Jeffrey Aleman, Jeffrey Hyslip, Jason Searns, Credit Advocates Law Firm, and Ryan Sasson. The suit was filed by Benjamin Xue, Esq. & Brian Shenker, Esq, 401 North Broadway, Suite 1009, New York, New ... Read More »

Court Dismisses Lloyd Ward’s Suit Against GetOutOfDebt.org

On October 7, 2011 Dallas debt settlement attorney Lloyd Ward sued my wife, myself, this site, and the company. You can read about the suit at Lloyd Ward and Lloyd Ward & Associates Sue GetOutOfDebt.org. Today the court dismissed the case. – Source Get Out of Debt Guy – Twitter, G+, Facebook Read More »

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