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In The News

Legal Services Speaks Out About Non-Profit Credit Counseling

Ready to Collapse

There has been a lot of attention focused on rogue debt settlement companies over the past year. And now that battle is mostly over with the introduction of the FTC telemarketing sales rules, as I have predicted, more attention will now turn towards non-profit debt relief services. The non-profit market will become polluted with companies that will attempt to evade ... Read More »

    Problems Just Keep Piling on for GHS Solutions CEO Anthony Shea

    You can never underestimate the skills of a tipster (send in your tips here). In this case, this morning arrives more bad news for Anthony Shea of GHS Solutions. GHS Solutions was in the news yesterday when I wrote about the court in Kentucky tossing out their arbitration agreement. Well it looks like January of 2011 just isn’t the month ... Read More »

      TFC Warns Customers About Darren Peck, Mark Serebrin & Philip Manger

      TFC Warning

      The Fulfillment Center appears to have an issue with some former marketing representatives who are opening a credit repair company. The infringing company is alleged to be called TFC West and soon to be changed to Safe Haven Credit. I’m curious if Philip Manger is the same Philip Manger that was mixed up in CCDN mess. Read More »

        Lawsuit Loans Heating Up. Worth Watching.

        Ready to Collapse

        Last week I wrote about LawCash and Oasis Legal Finance being challenged in Colorado over their legal settlement funding approach. Yesterday the New York Times ran with a look at the legal settlement funding or lawsuit lending industry. It’s an interesting article worth reading. Ernesto Kho had pressing needs of his own. Medical bills had piled up after he was ... Read More »

          Does the New Debt Settlement Industry Get It?

          A tipster (send in your tips here) sent in a link to a recent article from CreditCards.com that was published on Fox Business, “Debt settlement industry in flux as new rules start.” In the article is a section attributed to Andrew Houser from Freedom Debt Relief. Cherry picking the good cases Housser from the settlement industry trade group says the ... Read More »

            Former Capital One Insider Spills Beans About Debt Settlement and Capital One.

            On January 7, 2010, FTC staff spoke by telephone with Michael Figliuolo, an individual who submitted a comment in response to the Notice of Proposed Rulemaking regarding the debt relief amendments to the Telemarketing Sales Rule. Mr. Figliuolo worked for several years in Capital One’s collections department. In 2001, he began working at Capital One as Group Manager for U.S. ... Read More »

              Debt Relief Firm Grows Rapidly – Reliance Inc.

              The Sun Sentinel out of Florida is reporting on the rapid grown of a debt relief company I have written about before, Reliance Inc. The article was sent to me by a tipster (send in your tips here) and it wasn’t till I went back and read my last post on Reliance Inc and read the comments that I then ... Read More »

                CareOne Jumps on Bandwagon with Credit Counseling Request for FTC to Take Action Against Rogue Debt Settlement Companies

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                A pretty smart move by CareOne. See press release below. Read More »

                  Debt Free League Launches FreeBankruptcyTest.com With Attack on Credit Counseling

                  FreeBankruptcyTest.com Site Page 1

                  Apparently the lads over at Debt Free League, who I’ve written about before, have launched a new website with a big press release. The site is FreeBankruptcyTest.com and claims “The company’s site, FreeBankrutcytest.com helps the public to freely compare debt relief choices, including bankruptcy, debt negotiation, debt consolidation, tax settlement, and student loan consolidation.” Just one problem, it does not ... Read More »

                    Morgan Drexen Loses Bronze Accreditation From DSCP

                    A tipster (send in your tips here) brought the following item to my attention from the Debt Settlement Consumer Protection site. Morgan Drexen’s Accreditations have been revoked When we originally reviewed Morgan Drexen on Debt Settlement Consumer Protection, we gave them a bronze accreditation (lowest DSCP accreditation). Because of public outcry we have removed any accreditation from Morgan Drexen. Their ... Read More »

                      Will the IAPDA Finally Let Me Review Their Training Materials?

                      I see the International Association of Professional Debt Arbitrators (IAPDA) has sent out the press release below applauding the new FTC telemarketing sales rules. The release reminded me that back in July, 2010 I had reviewed the IAPDA certification materials that had been given to me at that time by someone and I’d asked the IAPDA for updated materials to ... Read More »

                        FBL Associates Claims They Help Police Raid Debt Relief Office of Attorney Evan Kagan. Kagan Denies Allegation.

                        Ready to Collapse

                        This statement was just posted by a commenter who either has a contact inside FBL Associates or is with FBL Associates. I have reached out to FBL Associates and Evan Kagan for comment but have not heard back by the time this was posted. UPDATE: See rebuttal statement below from Evan Kagan Esq., saying it is untrue. UPADTE: See short ... Read More »

                          New Era Debt Solutions Tells TASC to Shove It After Attending Debt Settlement Conference

                          New Era Resignation Letter

                          New Era Debt Solutions has just notified TASC they have resigned from TASC, effective immediately, out of disgust of tactics. Click on image for larger view. It appears that whatever went on at the recent debt settlement leadership conference in Las Vegas stirred up enough of a bad taste in the mouth of New Era Debt Solutions that they have ... Read More »

                            Debt Settlement Companies Please Stop Announcing You Are Going to Comply With New Rules And Just Do It

                            Hamilton Debt Relief Cartoon

                            In what is becoming an irritating series of press releases from debt settlement companies comes yet another from Hamilton Debt Relief. The point debt settlement companies are missing is that it should not be news if you actually abide by the rules and laws of the land. That’s not the stuff you pay to announce in the press. Where you ... Read More »

                              Consumer Recovery Network Makes The Wall Street Journal Site

                              Ready to Collapse

                              Our friends over at the Consumer Recovery Network (CRN) made the Wall Street Journal site today in a good way. In an article titled Limiting Psychological Damage From Debt Collections a consumer talks about how working with CRN helped to easy their stress. Helped by the Consumer Recovery Network, which teaches people to self-manage the wrenching debt settlement process, Bonadio ... Read More »

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