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ClearPoint Credit Counseling: The Latest TCPA Victim

Cure the disease

Update According to Thomas Nitzsche with ClearPoint, the case below has been dismissed. In what is becoming a series of Telephone Consumer Protection Act (TCPA) cases against debt relief companies, ClearPoint Credit Counseling has become the latest target. On December 23, 2015, ClearPoint was sued in a class action case in California. The Plaintiff claimed ClearPoint secretly recorded conversations, placed ... Read More »

    Former Morgan Drexen Exec & Owner Shares Lessons Learned

    future

    I owe a tremendous debt of gratitude to Rita Augusta, a former owner and executive with Morgan Drexen, the debt settlement company who went on to be shutdown by the Consumer Financial Protection Bureau. Rita not only was brave enough to share the valuable advice below about lessons learned for consumers, but she also assisted the CFPB in their case. ... Read More »

      National Foundation for Credit Counseling®, American Library Association Join Forces to Better Serve Military and their Families

      military_credit_card

      Members of the U.S. armed forces, Coast Guard, veterans, and their families face financial challenges often not adequately addressed by resources designed for the general public. Two leading nonprofit organizations are now working together to deliver financial education solutions to members of the military and their families in libraries across the country. The National Foundation for Credit Counseling® (NFCC®) and ... Read More »

        What I Learned From Selling Debt Relief Services. What I Got Wrong and Right On the Front Lines.

        rewards_points-_learnvest

        (Originally published October 11, 2010) I had this idea for an article to look back to my early days in the debt relief world, back when I was running Myvesta, a non-profit credit counseling group, and show you examples of what I did wrong and learned from the experience. The irony is people don’t realize when I review a site ... Read More »

          Jeffrey Aleman of Legal Helpers Does a Good Thing in Wisconsin

          Legal Helpers Debt Resolution | (877) 596-6865 (20111202)

          Attorneys who were involved in the debt settlement firm Legal Helpers Debt Resolution eventually faced all sorts of legal issues, lawsuits, and the loss of their law license. Now I don’t know if there was any bigger strategic plan for doing what I’m about to tell you but for once, an attorney in this mess looks like they stepped up ... Read More »

            Student Loan Consolidation & Payment Reduction Program Mailer

            student loan mailer

            An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. As you will see below, the reader received a mailer that I think could confuse some people. The mailer talks about a Student Loan Consolidation & Payment Reduction Program that they are eligible to use. I did enjoy the call to action that ... Read More »

              Reader Sends in 321Loans Mailer From MarkSYS Which Raises Questions

              321Loans Mailer Front

              An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. Recently I wrote about a company named 321Loans. A different reader had sent in a contract for me to review. If you read my article, here, you will see there were some questions raised that the company has not responded to. One of ... Read More »

                It Never Ends. Another Debt Settlement Mailer or Something Like That.

                Screen Shot 2015-12-09 at 8.58.48 AM

                An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. There is nothing super new in this mailer except I see the marketers are offering even more fantastic debt reduction claims of 70% settlements. Of course the problem with this, in this mailer, is there is no indication of who sent the mailer ... Read More »

                  Freedom Debt Relief Finally Resolves NH Issue

                  happy woman in wheelchair outdoors beach showing victory sign

                  It took five years but an issue dragging along behind Freedom Debt Relief has finally been evicted. Back in the pre-TSR days Freedom was sued in New Hampshire. Freedom has used their own skills and settled the debt that was generated by the issue. According to the Union Leader, “Nearly 100 New Hampshire residents are dividing $133,604 in a settlement ... Read More »

                    Synchrony Financial Drops $4 Million on Credit Counseling

                    3D Press Release Crossword

                    Synchrony Financial has committed a $4 million grant to the National Foundation for Credit Counseling® (NFCC®) in support of the next phase of the Sharpen Your Financial Focus™ (Sharpen) initiative. The Sharpen program allows consumers to identify their most pressing financial issue, and then helps them select appropriate solution options through education and counseling. The steps of the program are: ... Read More »

                      Most Prefer to Deal with Debt Online. So Why Can’t They?

                      crystal ball

                      While this news comes out of England, it is as equally true here in the U.S., in my opinion. I’ve always been amazed that someone has not developed a completely automated online system to help people interface with their creditors, manage their money and help them invest. This sort of solution would also help to drive down the cost of ... Read More »

                        Pullin Law Another Victim in Connecticut

                        Oops! What Is It?

                        Yesterday I bitched about being surprised debt relief companies keep selling without a license in Connecticut and today comes another example made public by the State Department of Banking. WHEREAS, Allan Pullin is an individual who is not licensed to practice law in Connecticut, is not licensed as a debt negotiator in Connecticut, and has a place of business located ... Read More »

                          Compliance Audit Group Grabs Connecticut Attention

                          punched-in-face different

                          It what seems like a broken record, I still can’t believe debt relief companies are selling to Connecticut residents, or ever sold to them without being registered. The Connecticut Department of Banking takes these issues seriously. Todays lesson on this comes courtesy of the Compliance Audit Group. The irony here is Compliance Audit Group referred to themselves as “America’s leading ... Read More »

                            Life Financial Planning Debt Relief Offer – I’m Calling Bullshit

                            life financial planning mailer

                            An amazing reader, BillKal, sent in a new debt relief mailer through my I Buy Junk Mail program. The offer says it is from a 501(c)(3) nonprofit company, Life Financial Planning, a non-profit corporation, at 575 Menlo Drive, #1, Rocklin, CA 95765. That happens to be the same address used by another company that appeared in one of my stories ... Read More »

                              What Do You Know About Safe Harbor Financial in Panama?

                              Screen Shot 2015-12-01 at 10.43.29 AM

                              A tipster (send in your tips here) sent me information about a company called Safe Harbor Financial in Panama City, Panama. From company ads they say they are a “single client sales center locating in Panama City. We sell products and services in the financial services sector and will be employing 50-75 in our Panama Center.” – Source, Source The ... Read More »

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