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Debt Settlement Related

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


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

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    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.

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      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.

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        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

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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


                        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


                            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 »

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