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Debt Relief Industry

Despite State Suits World Law Debt is Apparently Still on the Acquisition Hunt

Decision time

Despite the recent legal entanglements it appears World Law Debt is still on the hunt for new clients. A recent email sent out by Gil Medeiros, Affiliate Director, says he is looking to buy up portfolios of debt settlement clients. Medeiros identifies himself as the affiliate director of World Law Debt online. – Source, Source The email sent out from ... Read More »

    Two Florida Aholes Screw Consumers and Univision and Wind Up Strip Searched

    angry caller narrow

    While a bit off topic for me I could not help but share this story just out of the Department of Justice. Basically it’s a financial scam using an offshore call center but Daniel Carrasco, 54, and Federico Martin Gioja, 45, of Miramar, Florida had quite a pair of Cojones. A grand jury in the Southern District of Florida issued ... Read More »

      People Unload Wallets on Health Insurance, Education, and Kids

      rise in expenses

      Data on millions of American’s shows spending and expenses are up in a number of categories. You probably don’t need me to point that out for your own budget. The data shows spending is up significantly for health care, education costs, and expenses for our dear (sweet?) children. Read More »

        Beware of This Debt Settlement Offer – ConsolidationOffer.com

        Screen Shot 2013-07-24 at 10.35.53 AM

        It appears this debt settlement offer is making the rounds. The reader reports it was sent in a blank envelope from postal permit 507 in Santa Ana, California. There was no indication who the sender was on the outside. An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. As you will see ... Read More »

          National Settlement Services – Ridiculous Quotes of the Day

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          National Settlement Services out of Tampa Florida, and an “AFCC/TASC” member has issued a press release that seems to sum up their view of the debt settlement world. National Settlement Services SLAMS the debt settlement world when they say, “Unlike many debt settlement companies, NSS is committed to working with clients and sustains a company policy to always have the ... Read More »

            USA Student Loans – Review. Are They a Scam?

            Audit Stamp Shows Financial Accounting Examination

            A reader asked me to take a look at USA Student Loans and review the site for the,. Here is my review. Company Name USA Student Loans Our Impression of What the Company Offers to Consumers The company appears to be offering the same solutions available to consumer for free from the Department of Education. The company appears to fall ... Read More »

              Canadians Targeted in Student Loan Assistance Scheme From U.S.

              inside

              The flurry of student loan assistance programs exploding is the latest debt relief pitch rolling out. I’ve covered these here, here, here, and here. An amazing reader sent in a new debt relief mailer through my I Buy Junk Mail program. The consumer lives in Canada but the mailer came from the same notorious postal permit 1297 in Sacramento, California. ... Read More »

                World Law Debt Still Hustling for Affiliates While Battling States and Complaints

                Certain death

                A debt industry insider and awesome tipster (send in your tips here) expressed some concern about continued affiliate recruiting emails from World Law Debt who claim to be “leaders in the debt solutions industry.” – Source World Law Debt is facing serious legal actions in Oregon, Illinois, and North Carolina. In Oregon alone they are facing $10 million in damages ... Read More »

                  Credit Counseling Services and the Bankruptcy Conundrum

                  SONY DSC

                  A press release out by Advantage Credit Counseling Service drew me to their site today. – Source. While there I came across a good example of the ethical conundrum facing nonprofit credit counselors today. Advance Credit Counseling Service is not alone in dealing with this problem. According to the Advantage Credit Counseling Service website they are a proud member of ... Read More »

                    A+ Financial Center Scheme Settles With FTC

                    ftc

                    The Federal Trade Commission has settled with a set of defendants associated with the A+ Financial Center scheme. They were charged in last year’s joint law enforcement sweep against five companies that made millions of illegal pre-recorded robocalls claiming to be from “Rachel” and “Cardholder Services” and pitching credit card interest rate reduction services. In the five complaints announced in ... Read More »

                      Debt Consolidation USA Says Avoid Credit Counseling

                      bad decisions

                      A nonsensical press release just out by Debt Consolidation USA warning consumers about credit counseling seems odd to say the least. Let’s go with the assumption the reason for this release was just to try and score some SEO points or something like that. The release refers to an article on their website titled “Reasons to Avoid Credit Counseling.” – ... Read More »

                        CrossCountry Mortgage Mailer Offering New Loan and Debt Refi – Review

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                        CrossCountry Mortgage is sending out offers for mortgage using the Making Home Affordable logo and offering quick closing loans. I certainly do have to give CrossCountry a hat tip on some items in the mailer. They did a much better job than you often see in the debt relief space. An amazing reader FitGal send in a recent mailer through ... Read More »

                          Freedom Debt Relief Out of Colorado

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                          A tipster (send in your tips here) alerted me to the fact the State of Colorado is now reporting that as of July 1, 2013 Freedom Debt Relief has had their license cancelled or revoked and reports a disciplinary action. Apparently, Freedom is no longer allowed to enroll new Colorado clients, or collect fees from new OR EXISTING Colorado clients. ... Read More »

                            Why People Have a Tough Time Shopping for Debt Help

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                            The Federal Reserve Bank of Philadelphia published a paper by Stephanie Wilshusen which made some very enlightened observations about why consumers struggle with getting out of debt. In the paper, “Meeting the Demand for Debt Relief” it describes the options available to borrowers who seek assistance in managing their debts and discusses the information and incentive problems associated with these ... Read More »

                              Think You Might Owe the CFPB Money in Penalties? Read This.

                              black-hole

                              Tomorrow the CFPB will publish final rules regarding the collection of money owed to the Consumer Financial Protection Bureau. It is very possible that fines levied against companies and individuals will fall under the rules. With tougher enforcements to come from the CFPB in the debt relief space, participants should be aware of the powers to collect the CFPB has ... Read More »

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