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Debt Relief Industry

Practical Debt Relief Learns the Connecticut Lesson

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I don’t know why debt relief companies don’t learn the lesson that Connecticut is a tough SOB state when it comes to debt relief issues. If a company allows someone to complain to the State rather than just giving a full refund and exceptional customer service, they get slapped by Connecticut. This happens over and over again. The latest company ... Read More »

    Nationwide Debt Direct Hit Yet Again With Marketing Suit in OH

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    Previously I wrote about Nationwide Debt Direct being his with a suit in Ohio regarding the marketing letters they were sending out. You can see that previous article, here. Well it looks like another law firm is using a similar approach in going after Nationwide Debt Direct. The suit filed on November 17, 2015 claims Nationwide Debt Direct sent marketing ... Read More »

      Consumer Credit Counseling Foundation Hit With TCPA Suit


      I’ve been talking about the risks of Telephone Consumer Protection Act lawsuits against debt relief companies for some time now. On November 18, 2015 another such suit was filed. This time against Consumer Credit Counseling Foundation and Ishwinder Judge. The suit filed by Christopher Reichman of Prato & Reichman says: Defendants made six (6) live calls to PAUL SAPAN’s home ... Read More »

        Omni Management Partners Client Agreement Review Leaves Me Wondering

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        I recently wrote about Omni Management Partners as the result of a comment made on the site. Subsequently I received a copy of the client agreement. What follows is just my opinion about what I read in the agreement. I am not a lawyer and can’t offer any legal opinion about this agreement. What you will read below is simply ... Read More »

          FTC Amends Telemarketing Rule to Ban Payment Methods Used by Scammers

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          Following a public comment period, the Federal Trade Commission has approved final amendments to its Telemarketing Sales Rule (TSR), including a change that will help protect consumers from fraud by prohibiting four discrete types of payment methods favored by con artists and scammers. “Con artists like payments that are tough to trace and hard for people to reverse,” said Jessica ... Read More »

            The Death of the Traditional Debt Relief Industry for Now

            Chapter 13 Bankruptcy Filing Rates

            Recently a couple of statements from people I know inside the debt relief industry have struck me. It seems there is a general lack of understanding why it is getting harder to sell debt relief services. Some blame the Consumer Financial protection Bureau (CFPB) for cracking down and some blame me for writing about the industry and scaring potential customers ... Read More »

              Paul Paquin and Golden Financial Services Want to Make Love Yet They Make War

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              Yesterday a debt relief industry friend pointed out to me an attack post Paul Paquin, president of Golden Financial Services posted about me on Linkedin. – Source The post then linked to another much longer attack post he published on November 1, 2015 on the website. I’m at a loss what motivates these folks to embark with the refreshed ... Read More »

                HLDS – High Level Debt Solutions Mailer – Review

                High Level Debt Solutions Mailer

                An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. Here is a look at that mailer and my observations. The first thing that caught my eye is the mailer does not appear to identify the company as High Level Debt Solutions. But a search of the street address leads to a website ... Read More »

                  Another Debt Relief Mailer to Watch For

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                  An amazing reader, Jessica, sent in a new debt relief mailer through my I Buy Junk Mail program. These mailers promising all sorts of relief that try to appear as some sort of official notification are still going out to consumers. The mailers are problematic in my opinion because they state benefits without much information to fill people in about ... Read More »

                    Hope for Home Gets Unwanted Attention in Connecticut

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                    The State of Connecticut recently took action against Lamont Karriem and Hope for Home for allegedly operating as a debt adjuster or debt negotiator for residents. The State said: 1. Respondent is an individual, who at all times relevant hereto, was the sole proprietor of Hope for Home, which has an office located at 12523 Limonite Avenue, Suite 440-421, Mira ... Read More »

                      Reliant Account Management Fined by Connecticut and Gets Second Chance

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                      The State of Connecticut recently fined Reliant Account Management (RAM) for operating in the state without a money transmitter license. A consent order entered into by Gregory A. Winters agreed to pay a $5,000 civil penalty and to “cease and desist from engaging in the business of money transmission in the future in Connecticut without a license.” The company also ... Read More »

                        Debt Relief Companies and Individuals – Banned

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                        The Federal Trade commission is reporting more actions against debt relief providers that allegedly misled consumers about their services. While this is about a debt settlement company, all consumers should walk away with the fact they have a responsibility to know who they are doing business with. Buying defective debt relief help is no more egregious than buying a defective ... Read More »

                          It’s Over – Debt Relief Trial of Otto Berges and Consumer Protection Counsel

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                          In checking on recent updates, it appears the court case I reported on regarding Otto Berges, Consumer Protection Counsel, Berges Law Group, and Debt Be Gone; is over after a quick day or so trial. For those that want to read the backstory, click here. It looks like Berges and others named in the case by the consumer have lost ... Read More »

                            More Twists and Turns in Morgan Drexen Case Now Involving Howard Law

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                            Last week the Consumer Financial Protection Bureau (CFPB) deposed Walter Ledda, the former man in charge of the debt settlement company Morgan Drexen. Ledda disclosed some information that made the ears of the perk up a bit and they filed a new court document. Rather than rehash the entire background of this multi-year court action between the CFPB and Morgan ... Read More »

                              Working On a Story – Did the CFPB Call and Threaten Your Debt Relief Company?


                              I’m working on a story about the CFPB calling debt relief companies and saying, “Hello this is ___ from the CFPB calling about an enforcement matter, please call me back immediately.” Companies that are calling back do not have an enforcement matter but are being pitched to register for the CFPB online portal. If your company has received such calls, ... Read More »

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