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Tag Archives: debt settlement industry

Who is Most Likely to Work With a Debt Settlement Company

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InsideARM recently released information from an industry survey they conducted regarding what part of the debt collection industry is more likely to work in cooperation with debt settlement companies. They survey 649 creditors, collectors, debt buyers and legal recovery firms to ask about their perception or willingness to work with debt settlement companies. The survey indicated a growing willingness to ... Read More »

Debt Settlement Does Not Need to Be Closed Down. It Needs to Be Cleaned Up. – Podcast

Dinosaur

I had a very interesting conversation with a debt settlement insider that mentioned how many debt settlement companies he talks to that hate me for what I write. Yea, I’m not losing sleep over that. I made the following podcast of this article so you could enjoy it with background music. Debt Settlement Does Not Need to Be Closed Down. ... Read More »

Debt Settlement Regulation, US Airways Sums It Up For You: “We Did This to Ourselves”

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I was reading an article the other day that was completely analogous to what’s been going on in the debt settlement industry. It was an article over at The Cranky Flier in which the US Airways Chairman and CEO made an honest and candid statement. When asked about the new FAA regulations that imposed severe penalties against airlines for tarmac ... Read More »

Another Swift Kick to The Debt Settlement Industry

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On top of a miserable performance at the Senate hearings on debt settlement and the rolling out of the new Debt Settlement Consumer Protection Act, the Better Business Bureau has issued a strong warning to consumers to avoid debt settlement services. Get Out of Debt Guy – Twitter, G+, Facebook Better Business Bureau is warning financially troubled families to beware ... Read More »

Cunning and Deceptive Debt Settlement Companies Need to Fail

A Couple of Real Proctologists

With the march gathering speed and the troops rallying to protect consumers against the big bad debt settlement companies and their enormous upfront fees my thoughts drift back to a time in October, 2009 when the then cocky trade group United States Organization of Bankruptcy Alternatives (USOBA) made the statement “an industry survey showing that an advance fee ban would ... Read More »

Love Irony? You’ll Love This. Debt Settlement Industry Upset About Greed and Quality of…Itself.

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A press release from Live Transfers USA really caught my eye, especially since they were bitching about the very same debt settlement infomercial I mentioned to you many months ago in “The Selling of Debt Settlement Services. It’s Easy to Sucker You In.” The release also complained that some in the debt settlement industry were unlawful, unscrupulous, unethical and not ... Read More »

85% of Debt Settlement Companies May Be Closing Soon and Taking Your Money With Them

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There is no doubt that the workshops and hearings by the Federal Trade Commission (FTC) are going to result in changes that will significantly impact the debt settlement industry. The FTC has been carefully looking into the industry and is disgusted with the actions of many companies. These would be the companies that charge large up-front fees to consumers, collect ... Read More »

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