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10 Must Do Steps to Find the Best Credit Counseling or Debt Settlement Company for You

Pilots in the cockpit during a commertial flight

In dealing with consumer debt, every single day, I’ve seen so many scams and companies that take advantage of people in trouble that it’s about time I wrote a comprehensive guide about what to look for and how to identify a great debt relief company. You will find that nearly all debt relief companies today sadly fall short of the ... 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 MyPayDayRelief.com and claimed the company is actually located in the Philippines. Interesting accusation. While there have been other posts about MyPayDayRelief.com on the site and in Is MyPaydayRelief.com a Scam? – Helen I did raise a concern the company did not disclose where they were located. Looking at the MyPayDayRelief.com site gives the ... Read More »

      Thinking of Selling a Timeshare? Be Careful. Deception by Marketers Still a Problem.

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      The Federal Trade Commission today announced the owner of a telemarketing operation that deceived consumers who were trying to sell their timeshare properties is permanently banned from the timeshare resale and rental business, and from all telemarketing, under a settlement with the Federal Trade Commission. The settlement followed a court ruling that the company violated the FTC Act and Telemarketing ... Read More »

        Did the NFCC Client of the Year Really Do the Ethical Thing?

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        The National Foundation for Credit Counseling Recently put out a press release celebrating their clients of the year who, in my opinion, should never have been put into a debt management plan to begin with. See NFCC Celebrates Utter Stupidity and Puts Older Dementia Patient in Debt Management Plan. My goodness, I hate to make this issue about Jim and ... Read More »

          U.S. Attorney Charges Wells Fargo With Mortgage Fraud

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          A loyal reader sent in a tip about a recent suit by the Manhattan U.S. Attorney against Wells Fargo Bank over mortgage fraud. Preet Bharara, the United States Attorney for the Southern District of New York, Helen Kanovsky, General Counsel of the U.S. Department of Housing and Urban Development (“HUD”), and David A. Montoya, Inspector General of HUD, announced today ... Read More »

            ProPublica Raises Concerns Over Bank of America’s Foreclosure Review Process

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            by Paul Kiel ProPublica Late last year, the country’s bank regulators launched a massive program to evaluate millions of foreclosure cases and compensate homeowners who fell victim to the banks’ flawed or illegal practices. Regulators dubbed it the “Independent Foreclosure Review” to emphasize that the banks would not be making key decisions about loans they had made or serviced. But ... 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 »

                JG Tax Group Allegedly Promises to Sue Unhappy Bipolar Woman Client Over Comment

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                In an odd turn of events, JG Tax Group has left an alleged client, who Jeffrey Galante of JG Tax Group labels as “a woman who is bipolar” facing a lawsuit over her comments posted on this site. About a month ago Qtmermaid143 submitted a comment on this post in response to a Jeff Galante that had said: JG Tax ... Read More »

                  To All Former A New Horizon Credit Counseling Clients – HELP

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                  All of a sudden, people that have debt management accounts with the nonprofit credit counseling group A New Horizons Credit Counseling Services, are freaking out. Where did the company go? Why aren’t they answering the phones? Where is my money? In one respect the situation is feeling much like another implosion of a nonprofit credit counseling group. Last year it ... Read More »

                    Washington State Goes After 40 Companies in Mortgage Foreclosure Rescue Fraud

                    Thanks to a reader we learn about the State of Washington taking an aggressive and bold step against companies selling mortgage foreclosure rescue assistance. This action includes a number of actions against attorneys which are apparently not licensed to practice in the state. “Since 2009, DFI has charged an ever-increasing number of unlicensed businesses with preying upon desperate homeowners who ... Read More »

                      Consumers Tricked Into Buying Subpar Health Insurance

                      The Federal Trade Commission charged a telemarketing operation with bilking millions of dollars from thousands of consumers by tricking them into buying what they believed was comprehensive health insurance, when in fact they had paid for something decidedly less. At the FTC’s request, a federal court stopped the defendants from marketing or selling any products or services related to medical ... Read More »

                        American Mortgage Consultants and Home Guardian Solutions Charged With Allegedly Screwing Consumers by FTC

                        The FTC alleged that since early 2011, the defendants claimed a phony affiliation with the U.S. government, pretended to be attorneys, and promised to substantially lower monthly mortgage payments in exchange for an up-front fee ranging from $1,495 to $4,495. Along with two companies he controls – American Mortgage Consulting Group, LLC and Home Guardian Management Solutions, LLC – defendant ... Read More »

                          NFCC Celebrates Utter Stupidity and Puts Older Dementia Patient in Debt Management Plan

                          A press release out today by the National Foundation for Credit Counseling is downright ignorant, stupid, harmful and cruel. It’s hard to believe they feel this is something to be proud of. For the record, I’m not calling the consumer stupid. In this release the NFCC brags about Francine and Jim Bostick who at ages 57 and 68 had more ... 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 GetOutOfDebt.org 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 »

                              Mortgage Modification and Foreclosure Rescue Companies Hammered by FTC

                              The Federal Trade Commission has announced some sweeping actions to protect homeowners that have been harmed by companies promising mortgage assistance but who allegedly only took money and ultimately didn’t deliver the help and outcomes promised. Prime Legal Plans/Reaching U Network. The FTC alleged that from at least mid-2010, the defendants behind this scheme marketed mortgage relief services in English ... Read More »

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