Tag Archives: corey butcher
- What Landed Financial Freedom of America, Debt Professionals of America, and Debt Consultants of America in Hot Water With the FTC
The suits filed recently by the FTC against Financial Freedom of America, Debt Professionals of America, and Debt Consultants of America surround a common thread and common practices of many debt relief providers. A wide swatch of debt settlement companies have been guilty of similar marketing practices that the FTC is strongly saying are deceptive, [...]
- FTC Charges Financial Freedom of America, Debt Professionals of America, and Debt Consultants of America with Making Unsubstantiated Claims that They Could Eliminate Consumers’ Debt
As part of its continuing crackdown on scams that target consumers in financial distress, the Federal Trade Commission has charged three debt relief operations with making unsubstantiated claims to lure consumers nationwide into paying thousands of dollars in up-front fees, but failing to reduce credit card debts as promised. According to the FTC’s two complaints, [...]
- Debt Settlement Companies Put Consumers in a Deep Debt Hole. “They Are a Ponzi Scheme.”
Peter Goodman from the New York Times had a piece published recently, excerpts below. It slayed the debt settlement industry as opportunists and harmful for consumers at large. Those that feel they offer a legitimate and fair debt settlement service are not going to like the long article much. But then again, the good guys [...]
- Debt Consultants of America, Debt Professionals of America, and Financial Freedom of America Review
This review became very unusual. Shortly after looking into Debt Consultants of America I discovered that Butcher and Creel also run at least two additional debt settlement companies in the same building. This review is a combination of information about Debt Consultants of America, Debt Professionals of America, and Financial Freedom of America. I find [...]
- Big News in the Debt Settlement World. Vermont Kicks Debt Settlement USA and Financial Freedom of America Ass.
In a move that could be a very interesting trend setter, the state of Vermont has forced two debt settlement companies to refund all fees paid by state residents. While Vermont is a small state and not a whole lot of residents worked with these two companies, it is an interesting approach by a state [...]