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Debt Settlement Related

Dumbest Press Release of the Day – Federal Consumer Relief / Federal Debt Relief

There is no way I’d do business with the Federal Consumer Relief / Federal Debt Relief company. After reading their latest press release I think they are illiterate. Carefully read the press release they sent out, below, and let me know what you think. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Valuable Process to Reduce ... Read More »

    US Debt Resolve, First Debt Settlement Company in America to Embrace Openness and Transparency for Consumers

    US Debt Resolve Open and Transparent Home Page

    Effective April 7, 2010 US Debt Resolve, under the leadership of Scott Johnson, became the first debt settlement company in America to answer my challenge for openness and honesty in the debt settlement industry from my article “A Call, Make That a Scream, for Transparency in the Debt Settlement Industry.” I’ve had conversations with some other debt settlement companies as ... Read More »

      Federal Trade Commission Releases “Settling Your Debts” Publication

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      The Federal Trade Commission today release a new publication to help consumers that might be considering debt settlement as a way to deal with their debt. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Settling Your Credit Card Debts Settling Your Credit Card Debts If you’ve maxed out your credit cards and you’re getting deeper and ... Read More »

        AARP Gets Tough With Debt Settlement Companies

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        Burdened with debt, millions of consumers contact debt settlement agencies in search of help – only to find out that what looked like the light at the end of the tunnel turned into a nightmare because of huge fees and deceptive business practices. As bills keep piling on the kitchen tables of a growing number of Americans, lack of regulation ... Read More »

          Why Do TASC Member Debt Settlement Companies Appear to Fail Their Own TASC Audit?

          I don’t know how in the world I landed on this press release from The Association of Settlement Companies (TASC, but I did and I wasn’t looking for it. The press release contained a very interesting statement. – Source The audit process is investigating and confirming member compliance with organization bylaws which dictate business practices and ethics standards. In addition ... Read More »

            Beware of Debt Settlement Scams Says CBS News

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            A report on the CBS “Early Show” had some very strong warning about debt settlement companies. Minnesota Attorney General Lisa Madigan said, “You would be more likely to settle your debt by buying a lottery ticket than by signing up with a debt settlement company.” You can watch the report from CBS below. Read More »

              Debt-Settlement Fraud Rising with Lack of Regulation Says Washington Post

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              Baltimore resident Gloria Snowden thought she had found a way out from under her $10,000 credit card bill when she signed up with a company that promised to negotiate with creditors to settle the debt for less than she owed. It was 2003 and the nascent debt-settlement industry was just taking off. Traditional credit counseling and consolidation organizations devise payment ... Read More »

                Regulation of Debt Settlement Companies Looming

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                This is a guest post by Kenneth Long, President of Fiscal Progress. If you would like to submit a guest post for publication, just send me an email to [email protected] Steve On September 25, 2008 the Federal Trade Commission (FTC) held a public workshop to explore the for-profit debt settlement industry. Panelists representing debt settlement companies, consumer advocates, regulators and ... Read More »

                  Former Bank VP of Recovery Operations Says TASC and Most Debt Settlement Companies, Suck!

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                  Dear Steve, My name is Jeff Meek and until Aug 2009 I was Vice President of Recovery Operations for WaMu Card Services. During my almost five year tenure at the bank I had the opportunity to review the Debt Settlement industry through the critical eyes of an issuer. When we began looking at Debt Settlement as a option for our ... Read More »

                    Freedom Debt Relief Bragging About Being in Forbes. Not So Fast Fellas. Back the Bus Up.

                    I am constantly accused of targeting this company or that company but in truth I’m so busy writing about the next thing to cross in front of me I don’t have time to have anyone on the radar. I say that because I find myself writing something that involves a company I’ve written about before, Freedom Debt Relief, a debt ... Read More »

                      Rules for Debt Settlement Companies Would Help Protect Consumers

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                      An editorial out of Michigan does a good job of summing up the grassroots feelings of educated consumer activists regarding needed debt settlement regulations. Here is the editorial: Pay off your debts for just pennies on the dollar! One phone call can save you from years of financial misery! Sales pitches like these might sound like they’re coming from a ... Read More »

                        Attorney General Warns Consumers About Credit Repair and Debt Settlement Scams

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                        Florida Attorney General Bill McCollum issued a consumer advisory warning Floridians about scams related to credit and debt issues. Companies offering credit repair solutions or debt settlement were among the top concerns reported to the Attorney General’s Office last year. The Attorney General noted that, given the current economic climate, disreputable companies will likely continue to prey on consumer’s credit ... Read More »

                          Debt Settlement Company Does Apparently Nothing After Taking Mom’s Money And Leaves Her Getting Sued

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                          This story is out of New Jersey and a great big thank you to Karin Price Mueller at the New Jersey The Star-ledger for reporting it. Here are some excerpts from the full story you can read here. Nearly $60,000 in debt and 12 delinquent credit cards later, Bozza decided to get help. In July 2008, she found Texas-based American ... Read More »

                            SwiftRock Financial Services and Clear Your Debt Slammed in Texas Article

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                            Out of Austin, Texas today comes the following warning to consumers. Two Austin debt-settlement firms have been sued by the Illinois attorney general, which alleges that they use deceptive marketing practices, charge excessive fees and do little to help consumers get out of their financial trouble. The Better Business Bureau of Central Texas has given Clear Your Debt and SwiftRock ... Read More »

                              TASC, The Association of Settlement Companies, Say What?

                              In a press release sent out today the Executive Director of TASC, The Association of Settlement Companies, is quoted as saying the following about attending an upcoming debt collections conference. “I’m looking forward to talking about how debt settlement continues to be a reliable option for consumers in debt as well as for creditors,” Leuthold said. “Having representatives from the ... Read More »

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