In 2017 Freedom Debt Relief and Andrew Houser were sued by the Consumer Financial Protection Bureau. It’s over. The CFPB has reached a settlement with Freedom Debt Relief. The mutually agreed settlement states: “The Company Defendant must Clearly and Prominently disclose to consumers before Enrollment: a. that in some instances, the Company Defendant may request …
A reader sent in the following information, “FBL & Associates is now Crown Legal Atlantic in Morrisville Pa. Owned by Frank Lindner. 205 Floral Vale Blvd, Morrisville, PA 19067 (800) 443-0079.” I believe the reader is talking about Frank Linder and FBL Associates that have appeared on the site before. According to the State of …
If you’ve fallen behind on a debt, and the debt collectors are calling, you’re probably under a lot of stress. It’s important, though, not to panic and to come up with a plan of action. The first thing you should know is that you can negotiate. Debt settlement is one option you have, which means …
By Eric Olsen HELPS Nonprofit Law Firm Whether you’re relaxing in front of the TV set or working in front of the computer screen, it’s hard to miss advertisements for so-called “debt settlement” and “debt management” companies. Both claim to offer relief from debt. Both like assuring they can, “get you back on your feet …
The Consumer Financial Protection Bureau (CFPB) has published this request for information regarding the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act or Act). Additionally, they are looking for feedback regarding debt settlement programs as well, the appropriate section of the request says, “How are the practices of for-profit debt settlement companies …
A pair of business funding groups has been hammering business debt settlement companies in court. Yellowstone Capital, EBF Partners, and Everest Business Funding have been filing suits claiming the debt settlement companies have no right to get in their way. According to deBanked, “A group of debt settlement companies and ISOs have entered into a …
The Federal Deposit Insurance Corporation (FDIC) recently took action against Cross River Bank and “its institution-affiliated party, Freedom Financial Asset Management, LLC (FFAM), San Mateo, California, for unfair and deceptive practices.” The FDIC says, “Cross River Bank originates C+ Loans, an unsecured debt consolidation loan product, through FFAM. C+ Loans are offered exclusively to consumers …
At one time Damian Kutzner was living the debt relief high life. He had participated or even concocted the mass joinder mortgage elimination scheme at the height of the real estate meltdown. A large number of good people believed the sales hype. The end result was a couple of attorneys who are suspended, a couple …
The Federal Trade Commission is mailing 5,745 checks totaling more than $480,000 to people who lost money to a debt relief scheme that misled its customers and charged illegal upfront fees. United Debt Counselors exaggerated how much money people would save using its services. Its direct mail ads looked like official documents from a bank …
I’m sharing my story out of pure frustration and I don’t even know where to start. First off I’d like to remain anonymous if you choose to share my story as I am still unfortunately dealing with Macklock. While trying to find more information on Macklock I came across your website and this is why …
