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 »
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 »
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 »
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 »
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 »
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.
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. SourceAnother 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.