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Enhanced Servicing Solutions Shuttered

A now former Enhanced Servicing Solutions debt settlement division employee is reporting the following: “I was an employee of Enhanced Servicing Solutions. As of today 8-23-11 we were shut down. Due to Mr. Johnson and his shady acts we were not able to keep & maintain business operations. Some of the information that was published … Read more

Company Claiming to Reduce Credit Card Interest Rates – Shuttered by FTC

The FTC has settled two actions that charged marketers with deceptively claiming they could reduce consumers’ credit card interest rates. Both operations allegedly made deceptive telemarketing calls, called consumers on the Do Not Call Registry, and used illegal robocalls. The settlements will ban all of the defendants from selling debt relief services. Advanced Management Services … Read more

Credit Counseling IRS Non-Profit Status Revocations for 2011

The IRS has revoked its determinations of the following organizations as described in sections 501(c)(3) and 170(c)(2) of the Code. Christian Credit Counselors International, Santa Ana, CA – 2-28-2011 Consumer Credit Protection Agency, Tampa, FL – 2-28-2011 Debt Serve, Fort lauderdale, FL – 2-22-2011 Falls Consumer Credit Management, Akron, OH and Saint Clairsville, OH – … Read more

Safeguard Financial – Backstroke. Don’t Call Us, Call Them.

A consumer who had enrolled in a debt settlement plan with Safeguard Financial sent me the current company number and asked me to listen to the message. It sure sounds like they are trying to swim away from all the consumers they sold into a debt settlement program. Listen to Safeguard-18885259898 It also appears the … Read more

Safetrust Financial Announces Bankruptcy and Ditches Affiliates

An awesome tipster (send in your tips here) just sent in the following email they received from Safetrust Financial. Kind of ironic that a debt settlement company goes bankrupt to keep servicing the accounts of people who wanted to avoid bankruptcy. But then uses bankruptcy as a way to shed the liabilities of the affiliates … Read more

Modify Utah Shutters Doors. Leaves Consumers Stranded.

Thanks to a tipster (send in your tips here) I found out about a loan modification company in Utah called Modify Utah. The company apparently closed up without advance notice to consumers that had paid for services. The Desert News is reporting: According to a letter from the firm’s attorney, Paxton Guymon, Modify Utah ceased … Read more

Greenshield Financial Services Sends Clients Away to Davenport Law

A forum poster just submitted the following email allegedly sent out by Greenshield Financial Services. After careful consideration, extensive research, and discussions regarding what is best for our clients, GreenshieldFS is excited to announce that Davenport Law, P.C. a Texas-based law firm, will be providing its services to all of our clients. As we examined … Read more

Credit Counseling IRS Non-Profit Status Revocations for 2010

The IRS has revoked its determinations of the following organizations as described in sections 501(c)(3) and 170(c)(2) of the Code. Advanced Debt Management Solutions, Inc. of Tampa, FL American Family Credit Counseling of Peoria, AZ Apple Consumer Credit Counseling, Inc. of Lynebrook, NY California Consumer Credit of Los Angeles, CA Consumer Counseling Centers of America … Read more

Court Slams the Door on Ring of Debt Relief Providers Violating Telemarketing Sales Rules

At the request of the Federal Trade Commission, a federal district court in Chicago has shut down an international robocall ring that allegedly conned consumers out of $995 each with false promises that it would reduce their credit card interest rates, but provided little or nothing in return. As part of its crackdown on frauds … Read more

Consumer Recovery Network Taking on Abandoned Debt Settlement Clients for Significantly Reduced Rate

I just spoke to Michael Bovee from Consumer Recovery Network (CRN). Michael is concerned that consumers may be abandoned by debt settlement companies that will go out of business. I was told that one debt settlement trade association recently commented they’ve lost 35% of their members so far and the October 27, 2010 implementation date … Read more