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Tag Archives: efa processing

EFA Processing Signs Consent Order

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The State of Connecticut has just entered into a consent order with EFA Processing and Ken Talbert over debt relief help offered to State residents. According to , EFA Processing “voluntarily agrees to consent to the entry of the Consent and Agreement described below without admitting or denying any allegation or any claim contained in the Order and Notice and ... Read More »

Debt Free Associates – Consumer Complaint – August 11, 2013

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Consumer Statement: Debt Free Associates pitched an easy way to pay down my debt. For a small fee, they would negotiate with my creditors to pay off my loans at a fraction of their balance. Too good to be true? It was. Not only did they charge me a huge amount of money to start my account, when it came ... Read More »

EFA Processing and Consumer Law Associates Named in CT Cease & Desist

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EFA Processing, a Texas company, and Consumer Law Associates, a Maryland company, were named in a public notice by the State of Connecticut. The State Said: 1. EFA is a Texas limited partnership with its principal place of business at 7668 Warren Parkway, Suite 325, Frisco, Texas. 2. CLA is a Maryland limited liability company having its principal place of ... Read More »

Former Dextral Managing Director Shares His Bold Story About Ken Talbert

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See February 9, 2013 update at bottom for takedown request received from EFA Processing. This article was written and contributed by Jason Spencer, the former Managing Partner of Dextral Capital Management Fund. He shares his observations and experiences from inside the debt settlement industry. I asked Jason why he wanted to share this story. He said, “The reason is that ... Read More »

Debt Relief Options – What In The World is Going On?

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A couple of loyal readers sent me in tips about a recent press release by Debt Relief Options (DebtReliefOptions.com) out of Frisco, Texas. Both readers wanted to point out the $100,000 sweepstakes Debt Relief Options was offering and one made the point Debt Relief Options appears to not be registered to do business in Texas, which is an interesting point ... Read More »

Scott Law Group Debt Settlement Litigation List Contains Some New Companies

The Scott Law Group in Washington State has been VERY active in going after debt settlement companies that allegedly injure consumers. It appears some new companies have been added to their list of current litigation, The new companies include FBL Associates, Lifeguard Financial, Please Reduce My Debt, and Think Outside the Box Solutions. – Source Here is the current list ... Read More »

Target List of Debt Settlement Companies in Washington

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Yesterday I published a story about The Scott Law Group in Washington that had just obtained a $1.5 million judgment personally against the owners of a now defunct debt settlement company, Debt Relief USA. Here is the current list of companies they are currently involved in debt settlement litigation against. Alliance8, Inc Amerix Corporation Ascend One Corporation CareOne Services, Inc ... Read More »

EFA Processing, New Leaf Debt, Neil Ruther and Consumer Law Associates Sued in Kansas

Thanks to great readers and tipster (send in your tips here)s I just found out about Hays v. Consumer Law Associates, Neil Ruther, New Leaf Debt and EFA Processing. The suit goes after the defendants for violations of the Kansas Credit Services Organization Act, Kansas Consumer Protection Act, and conspiracy. The suit alleges the following facts. On September 23, 2009, ... Read More »

I’m On a Small Pension and Debt Relief Options Wants to Sell Me Debt Settlement. – Joseph

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“Dear Steve, about 70000 in debt .small pension is this co legit? debt relief options of Frisco texas. have a deal for debt settlement $648 a month for 71months which will be a struggle for me as on small pension but no one has come in that low. They have lawyers available at no extra charge and entire fee is ... Read More »

International Association of Professional Debt Arbitrators – IAPDA Certification Exposed

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Loyal readers may have observed that I routinely never mention IAPDA, the International Association of Professional Debt Arbitrators (IAPDA) or even mention that a company may display their logo as being a member. It’s not that I’ve not noticed their logo displayed on sites, it’s that many in the industry have disparaging things to say about what the logo represented ... Read More »

EFA Processing – Scam, Complaint, Review, or Praise?

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Please share your experience with this debt relief company and provide your review and feedback, in the comments section below. The goal of this page is to allow people to share information that may be important to help others to make a more informed decision regarding their experience with this debt relief company. Here are some potential questions you might ... Read More »

Many Debt Settlement Firms Lie and Defraud People Says Government Report

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Reuters covered the hearing yesterday and published their take on the Senate Hearings on the debt settlement industry. Get Out of Debt Guy – Twitter, G+, Facebook Debt settlement Firms Rife with Fraud: GAO (Reuters) – A big percentage of debt settlement companies lie to and defraud people who contact them asking for help with credit problems, according to a ... Read More »

Senate Hearing on Debt Settlement Industry – April 22, 2010. Ouch! That’s Going to Leave a Mark.

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The U.S. Senate held hearings today on the practices of the debt settlement industry. You can watch the entire video of the hearings below. It might be slow in the beginning but take your bathroom break before the halfway point. It gets good and you don’t want to miss a moment of it. Debt Settlement Senate Hearing 4-22-2010 from GetOutOfDebt.org ... Read More »

Do Debt Settlement Company Relationships With Hedge Funds Create a Fiduciary Problem for the Consumer?

A new variation of the debt settlement process is appearing, the debt settlement hedge fund. Apparently the way this works is the debt settlement company has a relationship with a related hedge fund or pool of money that they can access to payoff an enrolled clients debt. The issue is if the debt settlement company reaches an agreement with the ... Read More »

New York Times: Debt Settlement Industry is Nervous

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If you are interested in the comings and goings of the debt settlement industry I think you’ll find the artcile in the New York Times titled “The Debt Settlement Industry Is Busy, but It’s a Bit Nervous, Too“, interesting. Noting “the legal firestorm that has subsumed the debt settlement industry” in recent years, Jeffrey Tenenbaum, a lawyer representing dozens of ... Read More »

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