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Debt Settlement Related

DA’s Office Wants to Give Money Back to Debt Free Associates Clients

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I was contacted by the Monterey County DA’s Office in California who said they had recently settled a case with Debt Free Associates. As part of that settlement Debt Free Associates was to refund consumers but not a lot of people were coming forward to claim the funds owed them. Some felt it was a scam. The DA’s office asked ... Read More »

    Has Practical Debt Relief Gone Poof? Police Confirm Investigation.

    stressed man

    A tipster (send in your tips here) sent in the following statement: “Practical Debt Relief is gone. Around $250K was embezzled from the client accounts held by Global Client Solutions. The local police department are investigating which is Davie, Florida. Global Client Solution closed the accounts of all clients and sent them refunds and a letter explaining. If you call ... Read More »

      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.


              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


                        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?


                          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 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!


                            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

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                              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 »

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