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In The News

Practical Debt Relief Mentioned in Confusing Press Release

A reader and tipster (send in your tips here) sent me the link to a rather confusing press release about Practical Debt Relief. The release, which looks like it was put out by their SEO vendor, makes it appear Practical Debt Relief is a lead generator rather than a debt relief provider. Furthermore, eBrandz’ services gave a massive fillip to ... Read More »

    BBB Concerned Over Questionable Morgan Drexen Television Commercial

    Back in May I wrote about a Morgan Drexen television commercial that caught my eye. See Morgan Drexen Running TV Commercial for Debt Settlement Clients. Says It Is Exempt from FTC Rules. Well a tipster (send in your tips here) just brought to my attention that the BBB evidently took exception to the same or a similar commercial. The BBB ... Read More »

      Who is Florida Debt Resolve? Reader Wants to Know.

      Today I received and email from a reader and tipster (send in your tips here) who wanted more information about Florida Debt Resolve. It seems the reader had noticed a press release sent out today by Florida Debt Resolve regarding their iPhone app. In an effort to serve their clients more effectively and efficiently, Florida Debt Resolve has launched a ... Read More »

        Florida Bar Issues Warning to Lawyers Getting into Mortgage Modification With Non-Lawyers

        Ready to Collapse

        A recent article by the Florida Bar seems to also be relevant to those attorneys that are selling mass joinder litigation to go after banks that issued mortgages. The mass joinder sales reps frequently say it is a solution to help avoid foreclosure. Here is an excerpt of what the Florida Bar has said: The Florida Bar’s Ethics Hotline has ... Read More »

          Former TASC Executive Director Says Legal Helpers Debt Resolution is Awesome and Will Stay the Course

          Despite the growing number of lawsuits against Legal Helpers Debt Resolution they stand by their services. In a press release sent out recently they appear to believe the wave of recent lawsuits naming then is an unfair witch hunt, is political and profit-driven and damn the suits, it’s business as usual. “We are a law firm, the first truly national ... Read More »

            Prestige Financial Solutions Declares the Debt Settlement Industry is Dead

            An interesting press release out today from Prestige Financial Solutions declares the debt settlement industry to be dead. Prestige Financial Solutions is a debt settlement company. – Source Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? The Press Release The Debt Settlement Industry Is Dead! TASC (The Association of Settlement Companies) has seen over a 60% ... Read More »

              NFCC Hooks Up With United Way for Free Marketing

              Ready to Collapse

              The following press release was sent out announcing the new partnership between the National Foundation for Credit Counseling and United Way. What I can’t figure out is what United Way gets out of this relationship. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? National Foundation for Credit Counseling and United Way Worldwide Join Together to Help ... Read More »

                Debtmerica Takes Stance Against Attorney Model Debt Settlement Companies

                In a press release sent out today by Debtmerica they made some interesting statements regarding attorney model debt settlement companies. “At Debtmerica, our staff all participated in making sacrifices so we could continue to pursue our mission of helping Americans become debt free and remain so. To see that consumers are readily engaging in our new debt resolution programs and ... Read More »

                  Legal Helper Debt Resolution Lawsuits Picking Up Steam

                  LHDR Cases

                  A tipster (send in your tips here) sent me something about a Legal helpers Debt Resolution case I’ve already covered but it made me wonder if there were more cases that had been recently filed in U.S. district courts against Legal Helpers Debt Resolution. So I went and looked. Maybe I had not seen the timeline before or put together ... Read More »

                    GHS Solutions Reported to Lay Off 112 Workers

                    Ready to Collapse

                    The Sun Sentinel is reporting “GHS Solutions, a debt management company in Delray Beach, gave notice to Florida that it plans to lay off 112 employees by May 17. GHS, which also goes under the name of Full Circle Debt Relief, could not be reached Friday about the layoffs.” – Source Get Out of Debt Guy – Twitter, G+, Facebook ... Read More »

                      BBB Canada Issues Warning About U.S. Debt Settlement Companies, Vortex Debt Group and Cambridge Life Solutions

                      Ready to Collapse

                      Looks like debt settlement troubles have headed up to Canada and a couple of U.S. based companies have made a noticeable splash. A Canadian newspaper is warning consumers to be wary of two specific U.S. based debt settlement companies. The Now is reporting: In the last two months, numerous companies identifying themselves as debt settlement experts or credit counsellors have ... Read More »

                        First Stone Credit Counseling Target of Tax-Exempt Status Revocation

                        First Stone Credit Counseling 7

                        A tipster (send in your tips here) has sent me a petition to the Internal Revenue Service which asks for for an investigation and revocation of the tax-exempt nonprofit status for the credit counseling group. I took a look at the claims made and they do appear to be supported by the website of First Stone Credit Counseling so I ... Read More »

                          Tipster Wants to Know What’s Going on With Debt Solutions Network

                          A tipster (send in your tips here) sent in some concerns about Debt Solutions Network. Here is what they said: “In fact, Debt Solutions Network is still charging an upfront fee across all 50 states. See attached client agreement. I accessed DSN through this site: originally calling into Debt Free America. I’m wondering if they are licensed to do business ... Read More »

                            Able Debt Settlement Files Bankruptcy in Texas

                            A tipster (send in your tips here) wrote in to let me know Able Debt Settlement in Texas has filed bankruptcy. On 2-1-2011 they filed a Chapter 11 reorganization plan and listed 1,000-5,000 creditors. This leads me to believe they are listing their clients as creditors. – Source The list of creditors holding the 20 largest unsecured claims is comprised ... Read More »

                              Active Debt Solutions Addresses Tipster Issue

                              Active Debt Solutions, a member of the AACC, was the focus of an email sent in which said “I decided to dig up some dirt on the companies that Steve Rhode and his associates formed called the AACC. This is what I have found: – Active Debt is not licensed or bonded” So I asked Active Debt for a response ... Read More »

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