fbpx

Easy Money and Bad Credit Loan Brokers Nailed by FTC

A lead generation company that collected sensitive information from millions of consumers under the guise of connecting them with lenders will pay $1.5 million in civil penalties and face restrictions on their operations as a result of a Federal Trade Commission lawsuit. The FTC’s complaint alleges that since at least 2012, ITMedia Solutions LLC, a …

Read more

Is Dave Ramsey and Ramsey Solutions a Sinner or a Saint?

Recently it came to my attention that Dave Ramsey, Ramsey Solutions, and The Lampo Group have been the subject of employee lawsuits in the last year. For an employer of the size of the Ramsey enterprises, I suppose that is not a rarity. But what has struck me is the issue of the companies and …

Read more

I Was a Bait and Switch Debt Relief Sales Person

For years now I’ve written about debt relief companies that have used the personal loan mailers as a way to make the phone ring and then sell them some sort of debt settlement, debt relief, or modification service. Commissioned or otherwise incentivized salespeople get those leads and then attempt to close the sale or manipulate …

Read more

Debt Management Plan Providers Need Budget Advice to Stay in Business

We are creeping up on nearly two decades of account fee restrictions for nonprofit debt management plan providers. The counseling groups fought hard and heavy in the early 2000s to limit the fees they could charge consumers for budget advice and debt management plans. For example, in 2003, the State of Maryland enacted The Debt …

Read more

Mind Blown – Morgan Drexen Issues Still Floating About a Decade Later

money

Morgan Drexen was a large settlement company that at one time was making huge waves in the debt relief world. After regulators took aim at the company, things fell apart. There is a huge archive of previous posts I’ve written that involved Morgan Drexen. Frankly, I thought Morgan Drexen was now out of my life …

Read more

Does Provident Solutions Contract Violate the Consumer Review Fairness Act?

Yesterday I wrote a post about a Provident Solutions consumer contract for debt relief services. I heard from an expert attorney that the section of the contract that penalized the consumer for unfavorable reporting or reviews violated the Consumer Review Fairness Act. I am not an attorney so I can’t give anyone a legal opinion …

Read more

Credit Counseling Should End the Party on Google Adsense New Policy

Recent news about Google changing its policy to attempt to block debt relief companies other than non-profit credit counseling has created a false party. While some in the credit counseling world look at this new move as a way to reduce advertising competition and harm alternative forms of debt relief, that would be incorrect. I’ve …

Read more

Is Titan Consulting Group Really Selling Debt Settlement Using a Loan Mailer?

A reader sent me a mailer they allegedly received from Titan Consulting Group. The mailer listed a website for the company at titanconsultinggrp.com. That website says the company is located at 1412 Broadway, 15th Floor, New York, NY. The State of New York says there is no company registered to do business under the name …

Read more