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Debt Settlement Related

DIY Debt Settlement – How to Handle Lawsuits

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If you or someone you know is going through a difficult debt situation and want to do something about it there are many options available to consider but it’s no secret that debts can be settled directly with creditors and with the overwhelming amount of information online, consumers are educating themselves on how to negotiate settlements on their credit cards. ... Read More »

    Reader Sends in More on Deceptive U.S. Federal Stimulus Package Mailer

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    I’ve previously written about a mailer going out that is making bold claims about debt reduction under the 2010 U.S. Federal Stimulus Package. You can see those posts here and here. This time a reader sent in the back and the front of the mailer. And if you thought the back of the mailer was deceptive and intended to fool ... Read More »

      Federal Stimulus Program Mailer. Yea, Avoid This One.

      2010 Federal Stimulus Program

      A reader just sent in a mailer they got recently. It looks like the mailers that were going out over a year ago and claiming special debt settlement benefits. This mailer claims to offer debt reduction benefits under the 2010 Federal Stimulus Program and then refers to it as the FSPL. Where the L came from, I don’t know. The ... Read More »

        USOBA Renounces Fingo Group. Warns Consumers.

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        Recently I’ve written a couple of stories about the Fingo Group and in their contracts it says for consumers with issues to contact USOBA if they have any complaints or issues. Jenna Keehen from USOBA has just released a statement that makes it clear USOBA has no relationship with the Fingo Group. USOBA does not have any record of a ... Read More »

          Reader Reports Successful Refund From Reorganization Management Group

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          I received an email from a reader that wanted to share information about a company I’ve written about before, Reorganization Management Group. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Steve: I wanted to point out to you a recent settlement we did with RMG. We were able to get $7500 back from this company. They ... Read More »

            Elimidebt Management Systems Wants to be Eliminated? Not Playing Nicely With WV AG.

            Elimidebt management Services

            New news out about Florida based Elimidebt Management Systems seems to indicate the West Virginia Attorney General is none too happy with them or Thomas Roland, the guy behind DebtWave Credit Counseling and Coastal Credit Solutions.After looking at the Elimidebt website it appears they are trying to steer people away from bankruptcy and into a debt management and potentially a debt settlement program. I did a little research and see they are involved with Americorp, the debt settlement servicing firm in New York that also served the accounts for Hess Kennedy in Florida and Allegro Law in Alabama, both of which have been shut down by their respective states.

            From the Elimidebt Management Services Site
            While poking around the site I came across the following statement and boy did it make me laugh. Why in the world would Elimidebt actually have a notice on their site that shows they don't have a license number for the state of Maryland.
            I was surprised to find their mailing address is the same as PMG Progressive Marketing Group. 1 Huntington Quadrangle, Suite 3S07, Melville, NY 11747. But Elimidebt is also listed as being located at 1800 Pembrook Drive, Suite 290, Orlando, FL 32810Elimidebt Management Systems is owned by Thomas Roland and Issac Bobbe. And in an interesting twist, the company was founded with help from attorney Julian Spirer in Washington, DC who was heavily involved with Ameridebt and Andris Pukke at the same time. - Source
            Now here is another little oddity. If you look at the image above you will see an arrow pointing to a logo for some group called the National Foundation for Financial Counseling Education, NFCE. The logo is extremely similar to the old logo for the National Foundation for Credit Counseling, NFCC. But when I tried to find the National Foundation for Financial Counseling Education on the web, there was absolutely no site for them.The payment and correspondence address that Elimidebt lists on their site, again, see the image above, is actually one associated with AmeriCorp in Syosset, NY. AmeriCorp has a horrible reputation for customer service, just read the comments from people on this post.Anyway, the reason this whole article started was from something I spotted from an article in West Virginia.
            On Tuesday, the attorney general's office asked a Kanawha circuit judge to force Elimidebt Management Services and its president, Thomas Roland, to comply with an agreement to pay back money illegally collected from West Virginia consumers.The Orlando, Fla.-based company entered into an "assurance of discontinuance" agreement on June 11, agreeing to pay back $6,661 of fees it wrongly charged its customers.But the real amount was almost $80,000, and Elimidebt hasn't even paid the original $6,600, according to Tuesday's petition. Source
            Another debt relief company, American Debt Counseling, caught up in the initial West Virginia roundup ended up making one of four payments to the Attorney General and then went bankrupt.Well if the WV AG wants to get some of their money back, he better act fast. According to the last non-profit 990 tax return available that Elimidebt filed, the company lost $592,213.

            Annual Reports for Elimidebt

            2001 - Source Director - Manuel G. Teixeira, Forest Hills, NY Director - Chong Kyu Kim, Ft. Lee, NJ Director - Dennis Vaisberg, Brooklyn, NY Registered Agent - Gaetano Barbieri, 2500 E. Hallandale Beach Blvd, Suite 707G, Hallandale Beach, FL 330092002 - Source Director - Manuel G. Teixeira, Forest Hills, NY Director - Chong Kyu Kim, Ft. Lee, NJ - Removed Director - Joseph Pizzonia - Added Director - Dennis Vaisberg, Brooklyn, NY Registered Agent - Gaetano Barbieri, 2500 E. Hallandale Beach Blvd, Suite 707G, Hallandale Beach, FL 33009 - Removed Registered Agent - Thomas Roland, 1800 Pembrook Dr, Orlando, FL 32810- Added2003 - Source President - Thomas Roland Director - Joseph Pizzonia Director - Gerard Aversa Director - Richard Desena Registered Agent - Thomas Roland2004 - Source President - Thomas Roland Director - Joseph Pizzonia - Removed Director - Gerard Aversa - Removed Director - Richard Desena Director - Ronald Kofler Registered Agent - Thomas Roland2005 - Source President - Thomas Roland Director - Richard Desena Director - Ronald Kofler Director - Isaac Bobbe - Added Registered Agent - Thomas Roland2006 - Source President - Thomas Roland Director - Ronald Kofler Director - Isaac Bobbe Registered Agent - Thomas Roland2007 - Source President - Thomas Roland Director - Ronald Kofler Director - Isaac Bobbe Registered Agent - Thomas Roland2008 - Source President - Thomas Roland Director - Isaac Bobbe Registered Agent - Thomas Roland

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