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Debt Relief Industry

Consumer Groups Make the Case to Not Exempt Debt Settlement Attorney Model From Regulation

Americans for Financial Reform

This letter was sent in by a loyal tipster (send in your tips here), thank you. Oppose the House Offer on H.R. 4173 to Exempt Attorneys Engaged in Unfair, Deceptive or Abusive Consumer Financial Practices June 22, 2010 House-Senate Conferees, H.R. 4173 Washington, DC 20510 Dear Senator or Representative: Americans for Financial Reform and the undersigned organizations – including several ... Read More »

    Dave Burke, Erik Sale, Real Talk Network and Institute of Consumer Economic Education All Sued and Hit With TRO by Attorney General of Colorado

    RTN Contract Example

    In January, 2010 I wrote and published Investigative Report: Dave Burke and Real Talk Network (Real Talk Network, Inc.). Is It a Scam? where I had some real reservations about a debt relief operation operating out of Colorado. My initial concerns came after a reader sent in a question that he went to a get out of debt seminar and ... Read More »

      BBB Sends Letter of Strong Support to FTC to Ban Advance Fees for Debt Settlement and NoteWorld

      BBBtoFTC

      On July 2, 2010 the BBB of Southern California sent a very clear statement to the Federal Trade Commission and urged them to ban advance fees for debt settlement programs. Here are some highlights from that letter. On behalf of the Better Business Bureau of the Southland, I am writing to offer my strong support of the proposed FTC rules ... Read More »

        Today Show Airs Piece on Debt Settlement and Credit Solutions

        Ready to Collapse

        Credit Solutions and other debt settlement companies are slammed in an investigative report that aired on the Today Show. The clip even contains a brief interview of the BBB and a recording of the sales representative telling consumers to stop paying your bills. Dan Goldberg of TASC says that there are only a few “bad actors” in the debt settlement ... Read More »

          The Association of Attorneys for Debt Resolution – A Tip.

          I received the following tip and wanted to share it with you. Please take a look at this website www.aadrsite.com – this is for a new association called The Association of Attorneys for Debt Resolution. This is a FOR PROFIT organization headed by Tami Brown. She claims to be the founder of TASC and a COO for Credit Answers. She ... Read More »

            Cyrus Global and American Star Debt Settlement – Watch Out

            I received an inquiry from a tipster (send in your tips here) about an email that was being sent out from Cyrus Global that guaranteed debt settlement rates, hedge fund buys the debt immediately from the consumer and includes attorney representation. So I took a quick look into this. The email also had a link to American Start Debt Settlement ... Read More »

              NAACP and AFL-CIO Tell FTC, Advance Fee Debt Settlement Must Be Banned

              Ready to Collapse

              I’ll just let the letter below speak for itself on the issue of banning advance fee debt settlement by the Federal Trade Commission. American Federation of Labor-Congress of Industrial Organizations (AFL-CIO) Leadership Conference on Civil and Human Rights (LCCHR) National Association for the Advancement of Colored People (NAACP) National Council of La Raza (NCLR) National Fair Housing Alliance (NFHA) Service ... Read More »

                Institute of Consumer Economic Education (ICEE) – Sadly Dave Burke Appears to Be Back

                ICEE

                A tip just in. Real talk is no longer a business…However Dave Burke is still very much in business just under a totally different company name! RTN is now the “institute of consumer economic education” Melody Burke purchased all of RTN assets, under the institute of consumer economic education so real talk doesn’t exist anymore! what she didn’t purchase was ... Read More »

                  Judge Rules Against Debt Resolvers USA. Orders Them to Repay All Debt Settlement Fees to Consumer.

                  straniere

                  A Staten Island, New York judge cancelled a debt settlement service agreement that Dmitri Pavlov entered into with Debt Resolvers USA. Judge Phillip Straniere ordered Debt Resolvers USA to repay 100% of the money it had collected from Pavlov, $1,693, saying that the judge ruled that the debt settlement company was operating illegally and its contract was unenforceable in New ... Read More »

                    Chicago Debt Collection Firm, Friedman & Wexler, Silently Closes Doors and Leaves Consumers Wondering

                    Ready to Collapse

                    The Chicago Tribune is reporting that Chicago based debt collection firm Friedman & Wexler has apparently closed it’s doors in the face of more trouble and suits by its own customers. What makes this situation worth writing about is that just like in the Mann Bracken case where the debt collection firm closed its doors overnight, this looks like a ... Read More »

                      Andrew Houser from TASC Pleads With FTC, “Please Don’t Ban Upfront Advance Debt Settlement Fees.”

                      Andrew Houser from Freedom Debt Relief and board member of The Association of Settlement Companies (TASC) recently sent a letter to the FTC pleading that banning advance fees would hurt consumers. I know, how funny and unbelievable is that? Apparently what TASC can’t get through their head is that there is no good reason why consumers should continue to be ... Read More »

                        TASC and USOBA Slammed Again by Attorney Generals’ Office to FTC

                        Ready to Collapse

                        This record of a conference call was just recently placed on the public record. That call occurred on June 30, 2010. On Monday, June 28,2010, representatives from the Attorney General offces of Ilinois, North Carolina, and Texas participated in a telephone conference with FTC Commissioner Rosch, his attorney advisor, and FTC staff members to discuss the proposed debt relief amendments ... Read More »

                          International Association of Professional Debt Arbitrators – IAPDA Certification Exposed

                          topheader700

                          Loyal readers may have observed that I routinely never mention IAPDA, the International Association of Professional Debt Arbitrators (IAPDA) or even mention that a company may display their logo as being a member. It’s not that I’ve not noticed their logo displayed on sites, it’s that many in the industry have disparaging things to say about what the logo represented ... Read More »

                            Hope Now Financial, Hope Now Modifications, Salvatore Puglia and Nicholas Puglia Agree to $5 Million Dollar Settlement With New Jersey Over Loan Modification Fraud

                            Ready to Collapse

                            New jersey Attorney General Paula T. Dow announced today that a New Jersey loan modification company and its owners have agreed to a judgment of $5,051,253 to settle civil charges they defrauded homeowners who sought help in avoiding mortgage foreclosure. In addition to civil penalties of $5 million, corporate defendants Hope Now Financial Services Corp. and Hope Now Modifications LLC, ... Read More »

                              Watch Out for New Company, Real Debt Solutions. Looks Like the Work of Serial Debt Relief Scammer Bob Lindsey.

                              A tipster (send in your tips here) sent me the following email. CCDN et. al. (Robert Lindsey, Philip Manger, Robert Lock, Tracy Webster, etc.) latest scams: http://realdebtcredit.com/ http://realdebtsolutions.org/ At first I could not see any connection between the people he mentioned but they I found something that creates an odd coincidence. Bob Lindsey, a debt relief operator that was shut ... Read More »

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