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Debt Settlement Related

Alleged Helping America Group Former Insider Speaks Out

Secret

Barby Menahem who states she is a former employee with Helping American Group, sent in the information below for publication under her name. This is third-party supplied content and not the work of the site. And before anyone decides they want to go after the site for this content, you might want to read the site terms and the section ... Read More »

    CFPB Discloses Why People Complain About Debt Settlement and Credit Repair

    CFPB Consumer Complaints

    The CFPB took a look at complaints it has received and shared why most consumers seem to complain about debt settlement and credit repair services. The Consumer Financial Protection Bureau said: “Excessive fees for debt settlement and credit repair services: Of all complaints marked as other financial service, 60 percent of them were about problems consumers had when dealing with ... Read More »

      Horrible Debt Relief Marketing Letter Spoofs IRS

      Deceptive Debt Relief Letter

      A very kind reader sent in this letter to me. In my opinion it has to be one of the most deceptive looking debt relief marketing mailers I’ve seen in a while. The letter does not come from the Internal Revenue Service or the Department of the Treasury. It is a lead generation letter that is designed to get consumers ... Read More »

        Former Morgan Drexen Exec & Owner Shares Lessons Learned

        future

        I owe a tremendous debt of gratitude to Rita Augusta, a former owner and executive with Morgan Drexen, the debt settlement company who went on to be shutdown by the Consumer Financial Protection Bureau. Rita not only was brave enough to share the valuable advice below about lessons learned for consumers, but she also assisted the CFPB in their case. ... Read More »

          Newly Blended Trade Association Moves Forward in Debt Relief Industry

          chef

          It’s always nice to see groups in the debt relief industry come together for the greater good. Effective in the early hours of 2016, two trade groups, mostly representing credit counseling organizations, decided to merge to become something bigger and better. The Association of Credit Counseling Professionals, Inc., known as ACCPros, and the Financial Counseling Association of America, formerly the ... Read More »

            “Looks Like Fraud?” – Texas Assistance Group

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            A reader sent in a mailer they had received from Texas Assistance Group and said, “Looks like fraud?” I don’t know if it exactly looks like fraud, because in my opinion it looks more like bullshit. Here are some red flags for me. But each person should feel free to do their own examination and reach their own conclusion. The ... Read More »

              Aissac Aiono Opens New Law Office – Seila Law

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              Aissac Aiono, who was previously associated with the Williamson Law Firm that was allegedly providing services or support for Morgan Drexen and/or Howard Law, has opened a new law office in Kansas City, Missouri. In this solo practice Mr. Aiono says he is providing assistance with personal injury, medical malpractice, consumer debt defense, child custory, bankruptcy, criminal defense, and DUI ... Read More »

                Omni Management Partners Client Agreement Review Leaves Me Wondering

                Mature woman confused

                I recently wrote about Omni Management Partners as the result of a comment made on the site. Subsequently I received a copy of the client agreement. What follows is just my opinion about what I read in the agreement. I am not a lawyer and can’t offer any legal opinion about this agreement. What you will read below is simply ... Read More »

                  Is Canadian Cockburn & Associates Operating Out of New Jersey?

                  odd

                  Under the heading of “that’s odd” comes this job posting for a Canadian Lawyer with Debt Settlement Experience. – Source The ad is looking for someone who is licensed in Canada to work for the Law Office of C&A in New Jersey. Now I don’t think it is a far stretch to think the Law Office of Cockburn & Associates ... Read More »

                    The Morgan Drexen Legacy – More Pain for Lawyers and Consumers

                    Sad Elderly Lady

                    Morgan Drexen was a nationwide debt settlement enterprise that sold consumers hope they could eliminate their debt by settling it. And while debt can certainly be settled by knowledgeable people, the Consumer Financial Protection Bureau (CFPB) had significant concerns about the company and attorney network they created. The entire Morgan Drexen debacle is a story too long for this article. ... Read More »

                      The Death of the Traditional Debt Relief Industry for Now

                      Chapter 13 Bankruptcy Filing Rates

                      Recently a couple of statements from people I know inside the debt relief industry have struck me. It seems there is a general lack of understanding why it is getting harder to sell debt relief services. Some blame the Consumer Financial protection Bureau (CFPB) for cracking down and some blame me for writing about the industry and scaring potential customers ... Read More »

                        Paul Paquin and Golden Financial Services Want to Make Love Yet They Make War

                        business and office, stress, problem, crisis concept - stressed buisnessman or teacher having headache

                        Yesterday a debt relief industry friend pointed out to me an attack post Paul Paquin, president of Golden Financial Services posted about me on Linkedin. – Source The post then linked to another much longer attack post he published on November 1, 2015 on the nomorecreditcards.com website. I’m at a loss what motivates these folks to embark with the refreshed ... Read More »

                          Has Howard Law Thrown in the Towel with Debt Settlement?

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                          In an ongoing situation with the former debt settlement company, Morgan Drexen and the Consumer Financial Protection Bureau (CFPB) it looks as if the effort by successor law firms to service the former Morgan Drexen clients is heading towards a resolution. Howard Law, P.C., Williamson & Howard, LLP and The Williamson Firm, LLC had made claims or assertions they could ... Read More »

                            Reader says “Huh” About My Enrollment Center

                            Many multicolor question marks above the head of young man or boy. Making decision thinking uncertainty learning concept. EPS 10 vector illustration no transparency

                            A reader sent me an email and brought up a good question I don’t know the answer to. They wanted to know how a debt relief company called My Enrollment Center in Wyoming could say to people, “Professional debt consolidation companies like My Enrollment Center can really help you get your debt back under control,” and “At My Enrollment Center, ... Read More »

                              Is United Credit Consultants Now CreditServices.com?

                              Businessman trying to solve a maze questions

                              A tipster (send in your tips here) contacted me and alleged that United Credit Consultants was now operating as Your Credit Team and CreditServices.com. So I went to check what I could find. For those that want to catchup on past stories about United Credit Consultants, click here. I recently wrote that on October 1, 2015, McGlynn Marketing, doing business ... Read More »

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