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Selling or Buying Credit Repair Services? Read This Before You’re Busted.

The latest unbelievable resurgence in the debt relief world is advanced fee credit repair. That ship sailed a decade ago, at least. Companies are telling marketers that they can sell credit repair services and basically “charge whatever” they want to. But there is this little thing called the Credit Repair Organizations Act (CROA) that prohibits the collection of any fee ... Read More »

    US Credit Services Credit Repair Affiliate Program Pitched. What, No CROA?

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    A tipster (send in your tips here) sent in an email they received that is pitching a magic money making opportunity to unsuspecting uninformed people as possible affiliates. The offer is to become a credit repair affiliate after loan modification or debt settlement is complete. My favorite line of the email has to be, “Remember, you can charge anything you ... Read More »

      I’m Working at a Debt Relief Call Center in Florida and I Think It’s a Scam

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      “Dear Steve, I am working at a call center in florida, just started the job, and I think its a scam. The company is only doing business in Canada under two companies, that we are told to say we are a separate entity from us. They used to be called Vortex before, and I have heard they change their name ... Read More »

        Consumer Debt Restructuring 101: What It is and Why You Should Avoid It

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        In my previous article on Debt Restructuring I mentioned it was not a magic solution. So let’s look deeper into what all of this is about. Diving Deeper into Debt Restructuring The minute a debt relief product can’t be easily explained in 30 seconds, the more my radar goes off. That’s exactly what happened when I started looking more closely ... Read More »

          Consumer Debt Restructuring is Not a Magic Solution. Still a Target of Regulators.

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          Just a quick word of advice. Seems like chatter is heating up about something called Debt Restructuring and is being pitched as some cutting edge tool to help people out of debt. Debt Restructuring This press release sent in by a reader caught my eye. Las Vegas (OPENPRESS) July 26, 2011 – The debt settlement industry has been in sort ... Read More »

            Debt Eye Tries to be The Automated Debt Relief Solution for All. Swing and a Miss.

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            When I heard about Debt Eye I perked up. Was this finally going to be the first debt relief company to provide a low cost solutions for people to create their own debt management plan and offer other solutions to get out of debt? If so, this could be a total game changer and would put a lot of debt ... Read More »

              CCCS Now Offered by IAPDA as an Additional Certification

              A tipster (send in your tips here) told me that the International Association of Professional Debt Arbitrators is now offering a competency certification called the Certified Credit Counseling Specialist (CCCS). This new training module is available to current members for no additional cost. We have also evolved by offering a complete debt relief education to our members and a second ... Read More »

                Nationwide Support Services and Legal Helpers Debt Resolution Employee Speaks Out

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                The following guest post was contributed by an employee of Nationwide Support Services that handled Legal Helper Debt Resolution Accounts. They wanted to speak out anonymously to better help consumers understand the realities of the process. Any highlighted text has been added by me to make some key points stand out. If you would like to contribute a guest post, ... Read More »

                  Veritas Assurance Group Announces Full Legal Protection to All Consumers in Any Debt Settlement Program. No Need for an Attorney Debt Settlement Company Anymore.

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                  This is finally public and it might be a great asset to all performance based debt settlement companies that would like to provide legal protection to their clients. It’s a big advantage for consumers since they can now get access to legal protection while in a debt settlement plan without having to pay an attorney firm all those advanced fees ... Read More »

                    Do You Think the Attorney Model of Debt Settlement is Still a Loophole? – Chris

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                    “Hey Steve, I currently work in the Debt Relief Industry for a Company who provides Debt Management, Debt Settlement, and Bankruptcy. As of right now our Company provides an Attorney Model Debt Settlement program. We charge 15% of the enrolled debt which is spread out evenly over the entire payment plan. We also conduct a face to face consultation with ... Read More »

                      Debt Settlement Business Consultant Willing to Help Debt Settlement Companies for Free

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                      Scott Johnson, a guy that has a great analytical mind when it comes to running a debt settlement company, has agreed to field questions and provide free advice for debt settlement companies that are looking for tips and ideas on running a debt settlement company. This is a great opportunity to ask a professional in the trenches for advice on ... Read More »

                        Looking Forward and Planning How to Run a Successful Debt Relief Company

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                        The following guest post was contributed by Scott Johnson. Scott Johnson, CEO of US Debt Resolve & USDRINC. Scott has testified at both the state and federal level, participating as a panelist for the FTC debt settlement workshop in 2008 and TSR 2009. If you would like to contribute a guest post, click here. 2012 & The 5 Year Business ... Read More »

                          “Gullible Americans” Targeted by Canadian Call Center for Debt Settlement Services

                          Not too long ago I wrote about two companies, EMA Nationwide and New Life Financial Solutions. It appeared that the call center for these companies was actually located in Montreal, Canada. New Life Solutions was recruiting new sales representatives to sell consumers a service that would charge them thousands of dollars to evaluate their financial situation and then refer them ... Read More »

                            Legal Helpers Debt Resolution Contract Review. Is This Really The Best Deal Possible?

                            A tipster (send in your tips here) sent in a copy of what appears to be an agreement between a consumer and Legal Helpers Debt Resolutions Services. – Source What follows are just my observations of some of the pages of this agreement. You may view the entire agreement here. Click on image for larger view. The budget looks especially ... Read More »

                              Some Credit Counseling Groups Not Optimistic About Future. Looking to Merge.

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                              So much of the past year or so has been directed towards the debt settlement world. The credit counseling world has just be slowly ticking away and watching their funding shrink from creditors. Funding may be shrinking even more now that the U.S. government is looking for places to cut back. Significant cuts in funding for HUD housing counseling are ... Read More »

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