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Debt Settlement Related

World Law Group Clients, Check You Account Statements

Bald Eagle

I’ve heard some whispers World Law Group clients are going to be charged fees they’ve never been charged before from money that was returned to them from Global Client Solutions and then forwarded to World Law Group new attorney trust accounts. I have no idea what those fees might be but this post is just a reminder if you are ... Read More »

    Anyone Know for Sure About World Law and Global Client Solutions?

    Adult Ed - Questions

    I received the following message from a reader and it brought up an interesting issue. “My understanding is as follows; Global Client Solutions recently entered into a settlement agreement with the CFPB. Among other things, under that agreement, GCS is barred from providing “substantial assistance” to any debt relief services provider. Thus, World Law Group and GCS terminated their relationship ... Read More »

      Debt Settlement Nightmare Partially Over for Allegro Law Clients

      upset young man

      Back in 2009 one of the first debt settlement companies to colossally meltdown was a lawyer run company, Allegro Law. This case involved not only Keith Nelms, Esq. but dragged in groups like Americorp and people like Tim McCallan. A couple of days ago the Trustee in the Allegro Law bankruptcy case had finally cleared all the necessary hurdles and ... Read More »

        Debt Relief Providers Still Crying From Low Delinquencies

        cc delinquency

        According to the credit reporting agency TransUnion, credit card delinquency has hit a seven year low. That’s good for consumer but not so good for credit counseling, debt settlement, or bankruptcy providers. The national credit card delinquency rate declined to its lowest level in at least seven years, dropping from 1.27% in Q2 2013 to 1.16% in Q2 2014. The ... Read More »

          Hell Just Froze Over. Global Client Solutions Tagged by CFPB.

          cfpb

          The Consumer Financial Protection Bureau has just announced an action they took against the bulwark debt relief escrow company, Global Client Solutions, who was collecting fees from consumers. Today, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against Global Client Solutions, a leading debt-settlement payment processor, for allegedly helping other companies to collect tens of millions of dollars ... Read More »

            What the Fuck is World Law Group Talking About?

            World Law Announcement

            A tipster (send in your tips here) sent me a copy of an email they received from World Law Group that made a claim that rose above the level of “what the heck” and “what the hell” to defcon “what the fuck?” In the email, World Law Group allegedly says, “Your attorneys at World Law Group are transitioning the accounting ... Read More »

              Yet Another Bullshit Debt Relief Mailer From Anonymous

              2014-07-26 13.03.34

              Thanks to an awesome reader who received this recent debt relief mailer, I can share it with you. Just when you thought the debt settlement industry had cleaned up their act and was flying right, or at least a lot more level, comes this mailer. Again we have the standard deceptive mailer that appears to pretend to be an official ... Read More »

                Morgan Drexen Gets Slapped for Millions in West Virginia

                closeup of a gavel on cash, from above

                On July 15, 2014 a West Virginia court came down hard on the Morgan Drexen business model. You may recall that Morgan Drexen was a big player in the national debt settlement business but felt they could charge advanced fees for services since it was really lawyers delivering services and thus exempt from many laws or regulations. According to the ... Read More »

                  Things Wrapping Up in Lloyd Ward, Lloyd Regner, and ABC Debt Relief Case

                  Money and book

                  Back in 2010 a bunch of debt settlement employees filed suit against ABC Debt Relief, The Debt Answer, Lloyd Ward, Lloyd Ward & Associates, and Lloyd Regner for wages owed. You can read more about that suit and its X-rated allegations, here. According to files just sent to me by a tipster (send in your tips here), the case has ... Read More »

                    United Credit Consultants Says the Darndest Things

                    oops

                    In a story I’ve been working on for a bit, United Credit Consultants in Minnesota had said something in a press release that caught the attention of readers who brought it to my attention. It seems United Credit Consultants was saying they had FICO certified negotiators who could provide debt settlement service. But not only did UCC wind up with ... Read More »

                      Who is Cornerstone Legal Group?

                      Searching-right

                      A reader wrote in and wanted to know more about a debt relief company, Cornerstone Legal Group. I am not familiar with the company at cornerstone-legal.com so I’d love to hear from anyone who has used this company in the comments below. If we look at the ownership of the domain name it does not help to solve the mystery, ... Read More »

                        FL Judge to Debt Settlement Companies. Fuck Me? Fuck You!

                        waving

                        In 2012 there was a stinker of a class action settlement offered to consumers in a Florida class action case. An agreement was reached in that settlement where the attorneys got paid, cash awards were made to charities and the 125,000 harmed consumers got nothing. Consumer organizations objected as unfair. You can read about that case, here. Thanks to an ... Read More »

                          Meracord, Noteworld, and Fidelity and Deposit Company Hit With Class Action

                          Screen Shot 2013-12-10 at 11.51.15 AM

                          While the flood of lawsuits against debt settlement companies has slowed considerably yet one more class action has been added against Meracord, Noteworld, and Fidelity and Deposit Company of Maryland. This time in Arizona. The complaint provides a very long description of the alleged actions and conspiracy between the debt settlement escrow company and the companies they elected to work ... Read More »

                            Canada Pushes Back on Debt Settlement With New Regulations

                            canada

                            In Ontario a bill passed recently which significantly impacts the delivery of debt settlement services there. First, I owe a big hat tip to a good friend up there in the great white north for alerting me to this. This new bill impacts both debt settlement companies and credit counselors. Bill 55, the Stronger Protection for Ontario Consumers Act 2013, ... Read More »

                              CRL Report Results in Silence From the Debt Relief Industry

                              Lowering Coffin

                              The other day I published the debt settlement recommendation report from The Center for Responsible Lending (CRL), click here. As vocal as critics have been in attacking this site and myself for being outspoken about consumer unfriendly debt relief practices I felt certain people would have comments to offer about the CRL recommendations. But silence, except for one commenter. Some ... Read More »

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