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Debt Settlement Related

Is Leading Debt Arbitrators in Canada a Poser?

A loyal tipster (send in your tips here) sent in an email asking my why a Canadian debt settlement company that charges consumers a “Service Fee” of an amount equal to fifteen percent (15%) of the balance upon enrollment, is claiming that their client deposits are FDIC insurred. Excellent Question! What they say on their site is “Q: Who pays ... Read More »

    How to Settle American Express Credit Card Debt

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    If you’re facing a legitimate financial hardship and can’t make the minimum payments on your American Express credit card one potential solution is to negotiate a lump-sum settlement for less the balance owed. If you’re unfamiliar with debt settlement, you’re probably wondering how someone who can’t make their monthly payments would have the funds needed for a settlement at, say, ... Read More »

      Morgan Drexen Skewered by The Center for Public Integrity

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      Shirley Gao from The Center for Public Integrity just posted a look at the activities of Morgan Drexen in the case of retired schoolteacher Mary Linville from West Virginia. Linville had engaged Morgan Drexen to provide her with debt settlement services and wound up sued by one of her creditors. The West Virigina Attorney General later filed suit against Morgan ... Read More »

        All Debt Relief – Reader Express Concern and Rightfully So

        All Debt Relief

        A reader contacted me to express concern about All Debt Relief. This company chargers fees on credit card in advance and even the settlement funds that will be paid down the road on a credit card and than enrolls that credit card. this may be the worst company ever. I reached out to the company through the email address provided, ... Read More »

          I Am Considering a Debt Settlement Program But I’m Afraid of Getting Sued…What Should I Do?

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          The following guest post was contributed by Veritas Legal Plan. If you would like to contribute a guest post, click here. If you are reading this article chances are you are considering enrolling or are currently enrolled in a debt relief program. Some of you will choose the nonprofit CCC/Debt Management Programs and those that are unable to afford the ... Read More »

            Express Debt Settlement Big Changes. Lays Off Entire Site.

            Express Debt Settlement

            A tipster (send in your tips here) let me know there have been big changes at Express Debt Settlement. Among them, the layoff of their old website. The home page has now gone from this… to this… And it appears the entire site is now just that one page for visitors. I wonder if this now spells trouble for the ... Read More »

              Canadians Warned About Vortex Debt Group – Again

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              Well here it comes again, more warnings from Canada about Vortex Debt Group in Florida. CBC News out of Canada today is reporting: “I feel like a victim of a crime, like somebody’s just come into my house and stolen things from my house from me, because basically that’s what they’ve done,” said Adrienne Saunders, of London, Ont., who signed ... Read More »

                How the Veritas Prepaid Legal Plan Can Protect You When You Are Sued in a Debt Settlement Program

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                The following guest post was contributed by the folks at Veritas Legal Plan. If you would like to contribute a guest post, click here. The simple way to describe the Veritas Legal Plan is “Peace of Mind”. While that does not define us, it certainly drives us. No one wants a lawsuit but the reality is that consumers who default ... Read More »

                  NuHavens Refuses to Give Refund 80 Year Old for Debt Relief Services Never Delivered. Winds Up on TV,

                  NuHavens

                  A tipster (send in your tips here) sent in a link to a story by WTKR about a debt relief company called NuHavens who labels themselves as consumer advocates. It sure does not appear to be much advocacy going on here. According to WTKR, 80 year old Brigitte Musial paid NuHavens to negotiate her debt. Things did not work out ... Read More »

                    The Alleged LHDR Client Experience in Pictures

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                    After listening to and reading about countless stories from unhappy former clients of Legal Helpers Debt Resolution, reviewing their contract myself, and observing the process they put their clients through, I have formed a personal opinion about the business model of Legal Helpers Debt Resolution and in past articles I have not been shy about my complaints. Judging from the ... Read More »

                      Ridiculous Debt Relief Mailer – Avoid Credit Card Responsibility and Disclosure Act of 2011.

                      CCARDA 2011

                      Thanks to another wonderful tipster (send in your tips here), here is another version of the sudden wave of misleading and deceptive debt relief mailers that are being sent out. This one is titled the Credit Card Responsibility and Disclosure Act of 2011. What is blazingly stupid is that in the very first sentence it refers to the Credit Card ... Read More »

                        Deceptive Debt Relief Flyers Being Sent Out. Beware!

                        16-CCHP

                        For some reason there has been a resurrection of a previously sent debt settlement flyer. The flyer makes all sorts of promises about magical debt reduction but it certainly appears to be nothing more than a shining example of the type of debt relief marketing material that was made illegal under the FTC telemarketing sales rules. This particular mailer is ... Read More »

                          Debt Settlement: Top Ten Most Misunderstood Facts

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                          Over the past few years debt settlement has been in the news, not always in a good way. Many consumers have complained about the services they’ve received while some have been very happy. Much of the disparity in the perception of the service is due to misconceptions about the process itself. So here are the top ten misconceptions I see ... Read More »

                            Couple Did It Themselves. Settles Half Million Dollars of Debt For $154K.

                            CRN 500K Email

                            The following guest post was contributed by Michael Bovee of Consumer Recovery Network. If you would like to contribute a guest post, click here. I was talking to Michael Bovee the other day about the DIY debt settlement approach and he shared a recent case study with me of a client of his that had just settled their last debt ... Read More »

                              Express Debt Settlement Threatens to Sue Client for Complaining After Taking $17K. Author Needs Your Help.

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                              The following guest post was contributed by Damon Day from DamonDay.com. If you would like to contribute a guest post, click here. A few months ago I wrote a story about a consumer that had come to me looking for assistance after she lost about $17,000 that she had paid to Express Debt Settlement (EDS) in fees. She knew she ... Read More »

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