Home > Debt Relief Industry (page 110)

Debt Relief Industry

Consumer Groups Speak Out for Debt Settlement Regulations

Ready to Collapse

Here is a press release that was sent out yesterday by the National Consumer Law Center, Maryland Consumer Rights Coalition, National Consumer League, Consumer Action, Consumers Union and the Consumer Federation of America. It appears to ask Congress to get moving on passing the Debt Settlement Consumer Protection Act of 2010. Get Out of Debt Guy – Twitter, G+, Facebook ... Read More »

    Arizona Attorney General to Payday Lenders, “Don’t Let the Door Hit You on the Ass On Your Way Out of the State.”

    Ready to Collapse

    Here is a reprint of a statement by Terry Goddard, the Arizona Attorney General. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Arizona’s law authorizing high-interest payday loans is scheduled to expire on June 30, 2010. In anticipation of this long-awaited date, I have set up “Operation Sunset” – an enforcement initiative that will aggressively pursue ... Read More »

      BBB Warns Consumers About The Consumer Law Group Debt Settlement Services

      According to an article out of St. Louis today the St. Louis BBB has issued a warning telling consumers not to do business with the Florida based Consumer Law Group. According to the BBB, a Hazelwood nurse paid the company an upfront fee of $1,500 in April 2009. She got nothing in return, remains behind on her bills and now ... Read More »

        Midland Funding Slapped With Class Action Award for Deceptive Collection Acts

        Midland Funding, a large debt collection agency that also purchased large amounts of debt for 3 to 4 cents on the dollar and then sued debtors, settled a large class action lawsuit and dropped over 10,000 lawsuits against debtors. The case Johnson v Midland funding, filed in Maryland, alleged that Midland Funding, in cooperation with Mann Bracken, knowingly sued consumers ... Read More »

          When Does a Debt Relief Business Become a Fraud?

          American Credit Association

          I received a tip that was sent to me about a site AmericanCreditAssociation.com. After looking at the site it looked like the typical B.S. fake government debt relief site approach I’ve seen hundreds of times. Nothing to write about there. But I poked around a bit more a discovered that the American Credit Association is part of a much larger ... Read More »

            Good Example of Twisting Information in Favor of Debt Settlement

            In a recent press release “Debt Settlement Companies on Life Support and Two US Senators Ready to Pull the Plug — Observations from Debt Resource Company, Dept Help and Beyond” (source) a company takes the approach that debt settlement needs to be preserved, the following two items caught my eye. First, it’s probably not a great idea to misspell debt ... Read More »

              Get Real Dave Burke – Your Real Talk Network is Going to End a Bloody Mess

              Gulf Oil Spill

              Readers might think I have had a vendetta against Dave Burke and his Real Talk Network. I truly do not. But in my opinion Burke’s reign of his debt relief enterprise is rapidly nearing an end, and it will be a bloody end. Dave Burke has been relentless in his bending and breaking of trust and respect in his efforts ... Read More »

                Payday Loan Alternatives That Are More Expensive. You’ll be Surprised.

                Cost of $300 Loan

                The National Consumer Law Center has just issued their latest report on payday loans titled Stopping the Payday loan Trap: Alternatives that work, ones that don’t. The report is interesting in that it gives a number of examples of payday loan alternatives that offer small dollar amount loans and lists the corresponding APR. For example: Anheuser-Busch Employees Credit Union – ... Read More »

                  New Gov’t Regulations Create Debt Relief For Americans Says Consumer Debt Counselor Group

                  New York Chronicle

                  Click on image for larger view An anonymous tipster (send in your tips here) sent me an email with information on an advertisement that appears to be from a newspaper and about a “New US Government regulations allow Americans to qualify for substantial sums of money.” – Source I’m going to have to chalk this up to yet another deceptive ... Read More »

                    National Debt Settlement Bureau Rips Off TASC Web Site. Now That’s Funny!

                    Thanks to a tipster (send in your tips here) (Rachel) I just learned about the National Debt Settlement Bureau (ndsb.org). Apparently Nima Momayez is the president of the National Debt Settlement Bureau. – Source NDSB describes themselves as “NDSB is a consumer-protection association specifically committed to promoting fair and ethical business practices by debt settlement companies.” – Source But here ... Read More »

                      Bogus Department of Consumer Debt Mailer Really Clear Debt Solution and Legal Helpers Debt Resolution

                      Department of Consumer Debt Cover

                      The BBB recently released a copy of a couple of official looking debt settlement mailers labeled the U.S. Debt Reduction Initiative that appears to come from a government agency, Department of Consumer Debt. It’s all a lie. Click on image for larger view Click on image for larger view Click on image for larger view So in order to get ... Read More »

                        Debt Settlement Company President Nailed by Falling Real Estate Values

                        Ready to Collapse

                        This is not something I would normally publish but BlockShopper.com did so I’m passing it along. Greg Pesetsky sold a four-bedroom, 2.5-bath home at 17952 S.W. 35th Court in Miramar to Deepa Abi and Abbi Karun for $385,000 on May 3. Pesetsky bought the property for $617,000 in Sept. 2005. The 3,811-square-foot house was built in 2000 in Miramar West. ... Read More »

                          Debt Settlement Company Morgan Drexen Says “Debt Settlement is a Dirty Word”

                          In a press release sent out by black eyed Morgan Drexen praising their services they say “Debt settlement is a dirty word…” Kind of an odd point to reinforce, but oh well. I also had to chuckle that the attorney they chose to poster child for loving the Morgan Drexen debt settlement back office service, they got his name wrong. ... Read More »

                            The Easiest and Most Obvious Way to Fix the Debt Settlement Industry and Prevent Regulation

                            Ready to Collapse

                            With all the pushing and pulling from the debt settlement industry, TASC, and USOBA over their enthusiastic laments about the debt settlement industry does not need regulation or advance fee bans, one critical point is lost on all, this is an absolutely easy problem to fix. The Current Problem: Consumers languish for years in debt settlement programs while they attempt ... Read More »

                              Consumer Credit Rights Campaign to Save Debt Settlement. It’s B.S.

                              A new web site was registered on March 15, 2010 for the Consumer Credit Rights Campaign. The site purports to be a consumer fight to protect the debt settlement industry. Unfortunately the Consumer Credit Rights Campaign effort appears to be no more than some unknown debt settlement companies that are trying to spread more misinformation about coming consumer protections in ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.You can unsubscribe at any time with just one click.After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

                                I promise to keep your email safe and secure.