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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 »

    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 »

      Homeowners Getting Massive Mortgage Reductions Without Fancy Tricks

      Ready to Collapse

      Over the past few years there have been so many companies and people preying on homeowners in financial trouble. Wether it is the sale of a land trust, mortgage modification, mass joinder legal action against a lender, or whatever. The schemes and tricks never seem to end. But thanks to a reader who let me know about a recent Boston ... Read More »

        Credit Report Infographic Gives Picture of Credit Health


        A great inforgraphic from Direct Lending Solutions gives an interesting picture of credit health in America. If you look towards the bottom of the infographic you’ll see there is no clear connection between credit scores and bankruptcy filing rates. Also, above that is a graphic that shows the wave of credit account closures in the past three years. Get Out ... Read More »

          Freedom Club USA Offers Debt Settlement Help and Universal Awareness

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          I’ve seen some odd juxtapositions in the debt world but this one is right near the top of the odd list. A reader brought a recent advertisement to my attention for Freedom Club USA. The advertisement said: “The following are eligible for debt settlement: BANK LOANS: US and Canadian bank loan claims can be submitted on current, previous, paid, late, ... Read More »

            American Households Sinking in Student Loan Debt Says Pew Research Center

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            Student loans have become the sudden modern toxic loan. Subprime mortgages were the last. While government backed student loans can offer borrowers some advantages loan repayment programs, private student loans are grossly unforgiving and leaving more and more people stranded in a life of debt slavery without any solutions on how to break free. Today the Pew Research Center has ... Read More »

              Is Fulcrum360 Going to Start Offering Loan Modification Services Like Modify Utah?

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              A tipster (send in your tips here) sent me an email and asked me to look at Fulcrum360 and said it was the new mortgage modification company with Paxton Guymon as registered agent. Guymon was also the registered agent of Modify Utah which suddenly closed up doors and left people stranded. – Source According to State of Utah Records the ... Read More »

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

                Ready to Collapse

                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 »

                  California Man Arrested Who Had Consumers Deed Property to Trust to Lower Mortgage

                  Alan David Tikal, 44, of Brentwood, Contra Costa County, Calif., was arrested on Friday at his home on a complaint charging him with mail fraud for masterminding a multistate scam that defrauded distressed homeowners, announced the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and United States Attorney for the Eastern District of California Benjamin ... Read More »

                    American Express to Pay Big for Illegal Credit Card Practices. Consumers to Get Refunds.

                    In announcements today the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) both announced fines and refunds against American Express totaling more than $100 million and creating refunds due consumers. Part of the issue at hand is how American Express falsely handled debt settlements on their cards. It is alleged American Express subsidiaries ... 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 »

                        Court Dismisses Lloyd Ward’s Suit Against

                        On October 7, 2011 Dallas debt settlement attorney Lloyd Ward sued my wife, myself, this site, and the company. You can read about the suit at Lloyd Ward and Lloyd Ward & Associates Sue Today the court dismissed the case. – Source Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Read More »

                          Realty Attorney Group APC and Realty Group & Consulting Seized in California

                          The State Bar of California announced today it has shut down the operations of an Ontario lawyer who allowed his name and law license to be used in a scheme to defraud distressed homeowners. The bar obtained a court order (attached) this morning to assume jurisdiction over the law practice of Gary David Tracy, 50, (bar # 167212). His firm, ... 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 »

                              Certified Forensic Loan Auditors Offers Quiet Title Class

                              A readers sent in a link to an upcoming class on “Achieving Principal Reductions with Lenders by Creating Leverage,” a class on mortgage securitization and quiet title actions. – Source It’s an interesting class to see, especially as hard as the Florida Attorney General hit some land trust companies in Florida this week who were selling quiet title debt relief. ... Read More »

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