I can’t remember ever seeing anything like this before but the Federal Bureau of Investigation (FBI) is searching for consumers that have used the settlement company Titan Consulting Group that I’ve written about before. The FBI must be pursuing some sort of criminal activity investigation. Otherwise, why would they be involved? The FBI form says, …
After all these years I can’t believe we are still dealing with the impact of Morgan Drexen in the debt relief industry. “Clients from Morgan Drexen were then shifted to Howard Law and/or Williamson & Howard. An asset freeze was put in place against those firms and/or attorneys and those attorneys were ordered to pay …
A very smart person said to me yesterday that the money saved with debt settlement companies is actually owned by the client (consumer). And that turned on a light bulb. Let’s not fool ourselves, there is a pretty high chance the coronavirus infection is going to lead to individual financial hardships. From lost sales, reduced …
I was forwarded several documents by a tipster (send in your tips here) regarding the settlement services offered by Robert S. Gitmeid & Associates at 11 Broadway, Suite 1677, New York, New York 10004. It is a very nicely designed document. What caught my eye was the client’s budget. But let’s start with the services …
The best defense against being sued for credit card debt is, of course, to pay your debts before that happens. That doesn’t necessarily mean paying them in full or right away. But even if you’ve already received notice of a lawsuit, it’s not too late to settle your credit card debt before you end up …
Arete Financial Freedom was targeted by the Federal Trade Commission (FTC), a consumer watchdog agency, because of alleged abuses in their student loan assistance services. The court-appointed Receiver was attempting to sell off the settlement side of their business and the Arete position was apparently that they knew they blew it with their student loan …
Please read the update below from Debt Negotiation Services. They deserve praise for the way they handled this issue and dealt with assisting the consumer to resolve the issue. Update 11-26-2019 AM From AFCC The AFCC has acted instantly and has issued the following statement that I received from Robby Birnbaum. I applaud the AFCC …
When I’m not answering reader questions I’m reading loads of documents, papers, and articles for research, I’m also dealing with an out of control inbox. The silence on the site is filled with work you will never be able to appreciate. Most of the tips I get never get published because I’m unable to verify …
The Consumer Financial Protection Bureau (CFPB) released a very interesting report that paints a very different position on debt settlement than you might hear from say a credit counseling agency. While non-profit credit counseling agencies may talk down for-profit debt settlement companies, creditors seem to be embracing them. According to the CFPB, it appears a …
The Wall Street Journal recently published an article “That Offer to Make You Debt-Free? It Can Make You Worse Off.” I’ve long been critical that some personal loan offers being mailed to consumers are potentially a bait-and-switch tool to tell people they don’t qualify for a loan and instead are switched to an expensive debt …