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Debt Settlement Related

United Credit Consultants Signs Consent Order With State

McGlynn Marketing, doing business as United Credit Consultants and Debt Settlement Solutions is back in the news again. A reader alerted me to a recent enforcement action against the company so I hunted it down. My perplexation (just made that word up) started back in March, 2014 when I wrote “United Credit Consultants Says the Darndest Things.” If United Credit ... Read More »

    Despicable Debt Relief Mailer Spoofs IRS

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    A kind reader just sent in the following mailer which seems problematic on two fronts. The first is the use of the consumer credit reporting data to send the mailer. Others are being sued over such actions. See this article. The second big problem is the letter appears to want to spoof an official government letter to look like it ... Read More »

      Morgan Drexen Take Over Attorneys Held in Contempt by Court

      Where does it hurt nurse question

      What began in 2013 as an issue between the Consumer Financial Protection Bureau (CFPB) and the debt settlement company Morgan Drexen has now turned into a widening action that has resulted in several attorneys being found to be in contempt of court and facing a $10,000 per day fine if they don’t return client money. Sooner rather than later. On ... Read More »

        Nationwide Debt Direct Hit With Marking Suit

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        Nationwide Debt Direct recently had a state lawsuit moved to federal court and it’s interesting because it’s yet another example of a suit brought over marketing. This case was filed by Brian Garvine ([email protected]) and Robert Parker ([email protected]), both Ohio attorneys. The suit alleges Nationwide Debt Direct “unlawfully obtained Plaintiffs consumer reports and used them illegally to obtain information for ... Read More »

          Dump of Debt Relief Offers Raises More Concerns Than Answers

          Important Notice

          As part of my I Buy Junk Mail program, Eve sent in a number of recent debt relief mailers that landed in her mail box. Imagine how the average person would be able to decipher the claims made or even begin to understand what company would be able to offer the debt service or solution. As you can see in ... Read More »

            Debt Relief Companies and Individuals – Banned

            Shirtless young man outdoor doing silly face

            The Federal Trade commission is reporting more actions against debt relief providers that allegedly misled consumers about their services. While this is about a debt settlement company, all consumers should walk away with the fact they have a responsibility to know who they are doing business with. Buying defective debt relief help is no more egregious than buying a defective ... Read More »

              Where Did World Law Go? This is Who to Call.

              Abstract Businessman jets off with Rocket Pack.

              I’m getting a number of people contacting me who are freaked out they can’t contact anyone at World Law. For more information on the legal misfortunes of World Law, click here. The court appointed receiver for World Law is: Robb Evans and Associates, LLC 11450 Sheldon Street Sun Valley, California 91352-1121 Phone: (818) 768-8100 Until clients hear from the receiver ... Read More »

                More Twists and Turns in Morgan Drexen Case Now Involving Howard Law

                courthouse 2

                Last week the Consumer Financial Protection Bureau (CFPB) deposed Walter Ledda, the former man in charge of the debt settlement company Morgan Drexen. Ledda disclosed some information that made the ears of the perk up a bit and they filed a new court document. Rather than rehash the entire background of this multi-year court action between the CFPB and Morgan ... Read More »

                  Walter Ledda, Working as Temp in Poland, Caught By Surprise in Morgan Drexen Case

                  The actual granular data presents a surprising reality.

                  New public documents filed in the Morgan Drexen case paint a picture of Walter Ledda caught by surprise by the turn of events. These excerpts are from the documents shown with the source link. You can click on those documents to read the full original filing. In the first document, Ledda represents the recent CFPB action caught him by surprise. ... Read More »

                    World Law and Orion Processing – Raided – Frozen

                    afraid alone

                    Last week the CFPB raided Orion Processing’s headquarters after obtaining a search warrant. The CFPB filed a complaint last Monday, and obtained a Temporary Restraining Order (TRO) last Tuesday, which was under seal until late yesterday. With the TRO, the CFPB also obtained an asset freeze on all of the defendants’ assets. The defendants include Orion Processing, Derin Scott, David ... Read More »

                      Helping America Group – You Used Them Yet?

                      Feedback

                      I just published a post where I took a look at recent job postings. The post mentioned a debt relief company I was not familiar with, Helping America Group. It appears the company is a recently converted corporation to an LLC and the contact person for the company is Jeremy Marcus. – Source The company says, “We are a risk ... Read More »

                        Who is Prospectus Financial in Boca Raton, Florida?

                        Adult Ed - Questions

                        I received an email from a tipster (send in your tips here) about some company named Prospectus Financial in Boca Raton, Florida. I was unable to locate a website for the company but I did located job postings for Debt Resolution Specialists. – Source It is hard to interpret exactly what Prospectus Financial is offering but it sounds as if ... Read More »

                          World Law Debt Forced to Liquidate in Bankruptcy

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                          A tipster (send in your tips here) told me that things turned dire at World Law Debt last week. Apparently their Chapter 11 bankruptcy reorganization was forced into a Chapter 7 liquidation after an application to the court by the Oregon Department of Justice because a number of problems the debt settlement company faced. For years World Law has been ... Read More »

                            Morgan Drexen Bankruptcy Surprise Deposition

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                            It’s not often that a deposition is made available regarding Morgan Drexen, the now defunct debt settlement company. Since I’m sitting down to read the entire 121 page document I thought if I came across anything I found interesting for no particular reason, I’d just share it with you. All the material below comes from this document. The deposition conducted ... Read More »

                              Debt Relief Advocates and Debt Arbitrators Named Again in Ohio

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                              I think debt relief companies often get the wrong impression about why I write articles about debt relief lawsuits. It’s not to call out the company named but to help other companies see what strategies are being used to challenge debt relief companies. In this suit the Plaintiff used an interesting approach and target the very method by which mailing ... Read More »

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