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Debt Settlement Related

AFCC Releases Report Praising Debt Settlement But There Are Big Holes

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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.

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      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 ([email protected]) 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 »

          Consult America Decides Credit Card Modification is New Name for Debt Settlement

          From now on these will be called horses.

          Companies have been scrambling to get away from the term debt settlement in an effort to try and claim the services they offer are nothing like the bad debt settlement companies that charged huge advance fees. Consult America is one such company apparently. A tipster (send in your tips here) sent me a copies of an emails they received from ... Read More »

            Credit Alliance Group and Shane Garner Sued by State of Texas

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            Texas Attorney General Greg Abbott has charged a Dallas-based debt management firm with defrauding its customers. The State’s enforcement action sought an asset freeze and temporary restraining order against Shane V. Garner and Credit Alliance Group (CAG) dba Credit Services Today. The complaint filed alleges Garner and Credit Alliance Group operated as an unlicensed debt management service provider in Dallas, ... Read More »

              Debt Settlement Pros and Cons. My No BS Guide to Settling Your Debt.

              the truth smaller

              I’m shocked. Apparently I’ve never written an article on the advantages and disadvantages of debt settlement and what to look for or watch for when you go to settle your debt. So here goes. The process of settling debt is age old. It goes back to the time credit was first extended. It’s nothing new. In fact, merchants have been ... Read More »

                The Hidden Real Cost of Credit Counseling and Debt Settlement

                process

                With a more uncertain future for those headed towards retirement it makes logical sense that we need to make preparing for our own retirement a priority in our lives. All indications are there will be less financial help available for us when we do eventually retire and that will most likely be later than most expect. So considering the importance ... Read More »

                  Farmer Decides to Settle Her Own Debt Instead of Using U.S. Legal Service Group

                  flemish cow in the field

                  The article below was contributed by a site reader who wanted to share their path out of debt. I really want to be a good advocate on helping others around me with the same situation as it goes very deep, but even in my darkest time, I am no quitter and was bond to see this whole process through. I ... Read More »

                    EFA Processing Takedown Request Makes Me Want to Examine the Facts

                    detective

                    As a result of a takedown request this site received regarding a guest post here, I decided to look into the facts that were publicly verifiable. What you find below is not really an article, but the results of my research. The contributed article by Jason Spencer, here, is his statement of opinion and internal facts as he knew them. ... Read More »

                      Small Business Debt Relief Program Fax – Burn It, Pitch It, Avoid It

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                      A tipster (send in your tips here) sent in a copy of a fax they recently received from the Small Business Debt Relief Program. Let’s call this for what it appears on face value, probably an advance fee debt settlement sales job. The fact this was sent out to small businesses clearly indicates this is an advertising piece to sell ... Read More »

                        Former Dextral Managing Director Shares His Bold Story About Ken Talbert

                        umbrella

                        See February 9, 2013 update at bottom for takedown request received from EFA Processing. This article was written and contributed by Jason Spencer, the former Managing Partner of Dextral Capital Management Fund. He shares his observations and experiences from inside the debt settlement industry. I asked Jason why he wanted to share this story. He said, “The reason is that ... Read More »

                          This is Why People Need to Be Aware Who They Are Talking to at Debt Relief Companies

                          Big Scam Dog

                          Every once in a while I look around the web to see who is advertising. Today I spotted an help wanted advertisement by Preferred Financial Services that typifies why consumers need to be careful when calling the average debt relief company. People think that what they are getting is fair and balanced advice by an independent person who wants to ... Read More »

                            Smart Credit Group – Dumbest Promises I’ve Seen Recently

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                            As part of my efforts to protect consumers, I poke around and look at advertisements and sales claims by debt relief companies. The help wanted ads are a great way to see who is motivated first by money rathe than offering exceptional consumer advice. Take for example the two advertisements today for a group called Smart Credit Group. The ads ... Read More »

                              Rhode Island Warns Consumers About Debt Management Companies

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                              A story out of Rhode Island from WPRI News warns consumers about debt management companies that use local attorneys to help represent consumers in their programs. The Rhode Island Attorney General refers to the practice of being assigned a local attorney from a national debt relief company, as “ghost writing.” “”It started to get really odd when I was served ... Read More »

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