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Debt Settlement Related

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 »

      What Happened to Debt Settlement USA?

      A tipster (send in your tips here) sent me in a question: When you click on, Freedom debt relief comes up. Did Debtsettlements usa open under another name. I was ripped off by these peoples for a lot of money. One day they were there and the next they were gone. It appears the company failed. According to Arizona ... Read More »

        Rescue One Financial Still Sending Disturbing Mailer

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        Previously an alleged former employee of Rescue One Financial spoke out about a marketing practice that concerned them. See Alleged Former Employee Speaks Out About Rescue One Financial Loan Offers I expressed concern to both Freedom Debt Relief, who was getting referrals from this, and Rescue One Financial about the marketing mailer and specifically asked both for evidence Rescue One ... Read More »

          Washington Class Action Suit Refocused on Lloyd Ward and Meracord

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          Back in July a class action lawsuit was filed against Meracord (formerly NoteWorld) and Lloyd Ward, the Dallas debt settlement attorney who has sued my wife and I. The first compliant filed was a bit meandering and did not focus that much on the activities of Ward and his debt settlement companies. It appears the filing attorneys and firms have ... Read More »

            Freedom Financial Network & Freedom Debt Relief to Refund Almost All Clients Under Settlement

            Thanks to a reader who alerted me, I discovered Freedom Financial Network, Freedom Debt Relief, Global Client Solutions, Rocky Mountain Bank and Trust, Andrew Houser and Bradford Stroh have agreed to settle a lawsuit filed against them and refund millions in consumer fees. According to the agreement, people eligible for refunds of fees paid include “(i) were customers of any ... Read More »

              Debt Relief Lead Generator Ryan Golembiewski Settles With FTC for Big Bucks

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              The Federal Trade Commission has taken action against a debt relief lead generator, who we’ve written about before, that appears to have made false statements about the effectiveness and efficacy of debt settlement, bankruptcy and credit counseling. As you will read, the statements made to induce consumers into debt settlement and credit counseling (debt management plans) is not accurate or ... Read More »

                MyPayDayRelief Selling Debt Settlement to American’s But Not Located in America

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                A reader posted a consumer complaint about and claimed the company is actually located in the Philippines. Interesting accusation. While there have been other posts about on the site and in Is a Scam? – Helen I did raise a concern the company did not disclose where they were located. Looking at the site gives the ... Read More »

                  Brolly Consulting Group Said to be New Incarnation of Stephen Marcus and A New Horizon

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                  A reader just posted this comment on this story: Consolidated Credit Counseling PURCHASED ANH’s clients starting earlier this year. ANH was shopping around the portfolio with other agencies. Seems like a long time for “A New Horizon unexpectedly went out of business before all of their clients’ data was transferred to our organization”. A New Horizon closed the doors but ... Read More »

                    New Life Financial Solutions, 1st United Consultants, and Expense Management America Exposed by Get Out of Debt Guy and Nailed by FTC

                    As far back as early 2011, the site has been publishing information about and warning consumers about suspicious and concerning practices by a number of interrelated companies promising financial help and foreclosure relief. These schemes were not uncovered by the site alone. Readers and insiders also sent in critical information that led to the unraveling of the operations. From ... Read More »

                      Cambridge Life Solutions Sucks But Canadians Still Falling for Slick Sales Pitch

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                      Cambridge Life Solutions is again in the news for their alleged bad practices of charging advance fees and they get roped into the wider issue of deceptive advertising. Those of us in the United States know these issues well. The Federal Trade Commission outlawed such practices in the U.S. in 2010 and the majority of bad actors have vanished since ... Read More »

                        What Planet is Debt Free Angels On? I’m Going With Uranus.

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                        A reader sent in a tip about a claim made on the San Antonio, Texas Debt Free Angels website ( regarding how their service helps protect a security clearance. I thought they certainly can’t be saying that. And there it is. Debt Free Angels is a debt relief company that has appeared in this site before. You can see past ... Read More »

                          J. Hass Group Goes Missing. Offices Cleaned Out.

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                          Thanks to a reader who alerted me to a story out of Arizona, the J. Hass Group, operating out of Scottsdale, Arizona has gone missing. According to a local television station, teacher Patricia Aker heard a radio commercial for J. Hass Group and was told that for a $4,200 fee, the J. Hass Group could settle her debt. After 17 ... Read More »

                            Cockburn & Associate Said to Have Purchased Silverthorn & Lupolover Debt Settlement Clients and Practice

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                            A commenter offered the following information regarding an email they recently received as a Silverthorn & Lupolover debt settlement client: “The Law Office of Cockburn & Associate, LLP is pleased to announce the acquisition of Silverthorn & Lupolover Lawyers, LLP. This comes as Mark Silverthorn explores alternate avenues within the practice of law. Shelia A. Cockburn, a protégé of Mark ... Read More »

                              Canada BBB Debt Settlement Warning Both Helps and Hurts Consumers

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                              I’m at odds about some of these blanket warnings to consumers about debt settlement. This time it is from the BBB out of Canada. I completely understand that there have been and still are some debt settlement companies that take advantage of consumers with bad advice and front-loaded fees. Those warnings need to get out to consumers so they can ... Read More »

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