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Debt Settlement Related

World Law Debt Still Hustling for Affiliates While Battling States and Complaints

Certain death

A debt industry insider and awesome tipster (send in your tips here) expressed some concern about continued affiliate recruiting emails from World Law Debt who claim to be “leaders in the debt solutions industry.” – Source World Law Debt is facing serious legal actions in Oregon, Illinois, and North Carolina. In Oregon alone they are facing $10 million in damages ... Read More »

    US Legal Service Group Sends Consumer Script – DOH!

    head hanging

    A consumer who was investigating the debt relief services offered by US Legal Services Group received a surprise in their contract package sent to them to sign and enroll. Oops, it included the field agent sales script as well. It appears from the documents turned over to me, the consumer was being sold an advance fee debt settlement program by ... Read More »

      World Law Debt, Meet Oregon

      Panic attack

      World Law Debt might want to read the tea leaves facing them from recent actions by North Carolina and now Oregon. Read past article on World Law Debt On July 1, 2013 the Oregon Department of Justice and Department of Consumer and Business Services sued Swift Rock Financial, Wold Law Debt, World law Direct, World Law Group, World law Plan, ... Read More »

        A Look at American Credit Shield and What They Are Offering

        past due

        A debt relief industry insider and tipster (send in your tips here) forwarded me a copy of an agreement they received from a consumer from a new company called American Credit Shield. The tipster (send in your tips here) said the consumer was being charged a fee of several thousand dollars to participate, a monthly fee and another fee that ... Read More »

          Fresh Start Legal Advocates. Who Are They? And Then It Gets Weird.

          Screen Shot 2013-06-21 at 10.24.20 AM

          An interaction yesterday with a Kevin Jackson from Thomassen Law Group (if that is even a real entity) sparked my interest in Fresh Start Legal Advocates. Kevin referred to the party identified on the post card sent to consumers as “Fresh Start” and appears to indicate they are an affiliate or lead generator for Thomassen Law Group (I’m still unable ... Read More »

            CFPB Suit Against Debt Relief Company Should Make Industry Very Afraid

            Boom goes the dynamite.

            Yesterday the Consumer Financial Protection Bureau filed suit against American Debt Settlement Solutions, Inc. and Michael DiPanni. If you are in the debt relief industry you need to become painfully familiar with this suit because it will make you soil your pants. For the first time the CFPB has laid out its hand on what they feel is an abusive ... Read More »

              World Law Debt, Global Client Solutions and Others Sued in NC. TRO.

              Screen Shot 2013-05-23 at 3.41.13 PM

              Yesterday the State of North Carolina and the North Carolina State Bar filed suit against Swift Rock Financial, World Law Debt, World Law Group, Orion Processing, World Law Processing, Derin Scott, and Global Client Solutions. This suit is different than many others I’ve seen in that it is a joint effort by both the State Bar and the Attorney General. ... Read More »

                FTC Catches Bogus Tech Support Scam and Then Finds a Debt Relief Company

                fist

                The Federal Trade Commission announced a settlement over a bogus tech support service and accidentally found a debt relief company that was violating the Telemarketing Sales Rules in the process. Mikael Marczak, doing business as Virtual PC Solutions, and Sanjay Agarwalla were among the subjects of a series of six complaints filed by the FTC last September as part of ... Read More »

                  How Debt Settlement Employees Can Avoid Long Jail Time

                  Screen Shot 2013-05-08 at 12.08.58 PM

                  Yesterday a U.S. Attorney announced criminal charges against debt settlement company owners and employees for fraudulently selling debt relief services to consumers in financial trouble. The Indictment laid out a pattern of activity that many inside debt settlement companies will recognize, if they swivel their chair around. Sadly, what has been assumed to be the normal way to run a ... Read More »

                    Debt Settlement Company and Employees Criminally Charged in Fraud.

                    Screen Shot 2013-05-07 at 6.21.01 PM

                    Today the Manhattan U.S. Attorney filed a criminal indictment against Mission Settlement Agency, Mission Abstract, LLC, Alpha Debt Settlement, Michael Levitis, Denis Kurlyand, Boris Schulman, Manuel Cruz, and James Leon. The criminal indictment filed should be of interest to many that were or still are in the advance fee debt settlement business. The activities described in the indictment sound very ... Read More »

                      Debt Settlement Attorneys Named in CFPB Action. Some Criminally Charged.

                      Screen Shot 2013-05-07 at 4.34.24 PM

                      Today the Consumer Financial Protection Bureau and the Manhattan U.S. Attorney both announced legal action against a number of individuals. This action seems to cast a bright light into the dark closet of debt settlement activities that have harmed consumers for a number of years. What makes this case new and unique is the extensive action taken by the U.S. ... Read More »

                        AFCC Releases Report Praising Debt Settlement But There Are Big Holes

                        Screen Shot 2013-04-30 at 2.12.24 PM

                        The American Fair credit Council (AFCC) recently released a couple of documents they hoped would persuade people about the value of debt settlement. I was asked to review the findings in the documents and offer my opinion. The first presentation is one that was supposedly given to the Federal Trade Commission and Consumer Financial Protection Bureau, at least judging from ... Read More »

                          Advantage Debt Solutions and Anthony Krysinski Sued by NC AG.

                          Fallout Shelter Sign

                          The State of North Carolina has obtain a court order against Advantage Debt Solutions and Anthony Krysinski for selling advance fee debt settlement services. The complaint filed by the State said, “The defendants are offering a deceptive and illegal debt settlement scheme to consumers in North Carolina. This scheme, which is prohibited by North Carolina law, purports to relieve consumers ... Read More »

                            Meracord / NoteWorld Still Taking a Beating Over Debt Relief Activities. Drags Many In.

                            Screen Shot 2013-04-25 at 1.49.33 PM

                            Courthouse News is reporting a new class action suit has been filed against Meracord (NoteWorld) and other for debt settlement activities. This 50 page complaint was filed by Steve Berman (steve@hbsslaw.com) with Hagens Berman Sobol Shapiro in Seattle and makes similar allegations as other suits have. The suit damns companies that have worked or are working with Meracord. It’s like ... Read More »

                              Jet Debt Settlement. Are You Kidding Me?

                              Cure the disease

                              A reader and tipster (send in your tips here) sent me a copy of an email they recently received from a company called Jet Debt Settlement. We’ve got some bad news for you. Your debt isn’t going away. In fact, as You read this, it’s getting worse. Fees and Penalties are adding up. The Good News Is – We’ll Settle ... Read More »

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