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Debt Relief Industry

Credit Card Defense Network CCDN Sued as a Debt Settlement Company by West Virginia

The AG’s office in West Virginia just forwarded me a copy of their suit against Robert Lock and Phillip Manger of the ill fated Credit Card Defense Network. CCDN has been in a heap of trouble for some time now. Robert Lock, an attorney, was all over the net in the past few year bragging about how his techniques and ... Read More »

    Debt Settlement USA Sued by Bankruptcy Trustee for a Lot of Money

    Here is an interesting legal case that was filed on March 26,2010 against Debt Settlement USA. Former Debt Settlement USA clients, the Leber’s went bankrupt. The Chapter 7 trustee took a look at their situation and sued Debt Settlement USA claiming that Debt Settlement USA breached its contractual obligations to the Lebers’ and failed to provide the promised result. Among ... Read More »

      Dumbest Press Release of the Day – Federal Consumer Relief / Federal Debt Relief

      There is no way I’d do business with the Federal Consumer Relief / Federal Debt Relief company. After reading their latest press release I think they are illiterate. Carefully read the press release they sent out, below, and let me know what you think. Valuable Process to Reduce Debts Debt Settlement Company is a con and has no meaning of ... Read More »

        US Debt Resolve, First Debt Settlement Company in America to Embrace Openness and Transparency for Consumers

        US Debt Resolve Open and Transparent Home Page

        Effective April 7, 2010 US Debt Resolve, under the leadership of Scott Johnson, became the first debt settlement company in America to answer my challenge for openness and honesty in the debt settlement industry from my article “A Call, Make That a Scream, for Transparency in the Debt Settlement Industry.” I’ve had conversations with some other debt settlement companies as ... Read More »

          U.S. Debt Settlement Gobbles Up American Debt Control

          Ready to Collapse

          U.S. Debt Settlement Press Release U.S. Debt Settlement, Inc. (“USDS”, or “the Company”) today announced it has completed the acquisition of debt settlement company American Debt Control (“ADC”), located in Grapevine, Texas. The Acquisition included a cash payment, stock, and an earn out for the previous owners. It is estimated that an additional $1,000,000 of booked revenue over the next ... Read More »

            Federal Trade Commission Releases “Settling Your Debts” Publication

            Ready to Collapse

            The Federal Trade Commission today release a new publication to help consumers that might be considering debt settlement as a way to deal with their debt. Settling Your Credit Card Debts Settling Your Credit Card Debts If you’ve maxed out your credit cards and you’re getting deeper and deeper in debt, chances are you’re feeling overwhelmed. How are you ever ... Read More »

              A Call, Make That a Scream, for Transparency in the Debt Settlement Industry

              Transparency

              When I started the GetOutOfDebt.org site it began with a desire to assist consumers that were facing financial troubles. In my background I’ve not only lived through financial troubles and went through bankruptcy, but I also started a national non-profit credit counseling organization, Myvesta, to help others and then closed that organization after 12 years (1994-2006). As you can see ... Read More »

                Clear Your Debt and Swift Rock Financial Services Get F Ratings From BBB for Bad Service

                Ready to Collapse

                The Better Business Bureau has issued an “F” rating on two Austin-based businesses, Clear Your Debt and Swift Rock Financial Services, due to allegations from consumers that promises of a solution to their mounting debt were unfulfilled. Consumers complain to BBB they contact Clear Your Debt and Swift Rock Financial Services and are offered assistance in settling their debt for ... Read More »

                  Allegro Law Receivership Frozen by Bankruptcy Court. All Client Accounts are Closed.

                  Ready to Collapse

                  I just got off the phone with the former Official Receiver of Allegro Law, Louis Colley. He broke some very unfortunate news to me regarding Allegro Law and how this impacts ALL Allegro Law clients. Allegro Law clients were broken up into two camps. One was the debt settlement camp and one was the debt management camp. Debt settlement clients ... Read More »

                    Why Do TASC Member Debt Settlement Companies Appear to Fail Their Own TASC Audit?

                    I don’t know how in the world I landed on this press release from The Association of Settlement Companies (TASC, but I did and I wasn’t looking for it. The press release contained a very interesting statement. – Source The audit process is investigating and confirming member compliance with organization bylaws which dictate business practices and ethics standards. In addition ... Read More »

                      American Credit Group Review

                      American Credit Group Corporate Registration

                      This review is the result of a question from a reader asking me about American Credit Group. Address: Address was not easy to fin on the site. Somewhat buried. Yellow flag. American Credit Group, LLC. 9915 Mira Mesa Blvd., Ste. 120 San Diego, CA 92131 Website: AmericanCreditGroup.com. Domain registered on October 3, 2007. Registered by mgardinera@yahoo.com, 8340 Vickers St, suite ... Read More »

                        Oak View Law Group Review

                        This debt relief company came to my attention from the article “Did You Go to Law School to Earn $12 an Hour?” in which Oak View Law Group was mentioned. – Source Address: Head Office: 8421 Auburn Blvd. #145, Suite B Citrus Heights, CA 95610-0394 – Source Operations Center: 680 Greenbrae Drive Suite 246 Sparks, NV 89431 – Source Registered ... Read More »

                          Reliance, Inc. Review

                          This review is the result of a question from a reader asking about Reliance, inc. Address: Frontier Trading Corp Inc (Parent Holding Company) Reliance Inc Reliance Mortgage Inc Reliance Credit Reliance Trust Title LLC 3940 10th Ave North Lake Worth, FL 33461 – Source Website: re-lianceinc.com is registered to Frontier Trading, Inc and was created on April 16, 2008. It ... Read More »

                            Debt Relief Company and Site Review Policy

                            Ready to Collapse

                            The purpose of this site is to educate and help consumers who are facing a credit, debt or financial situation. This site is not primarily a debt relief company review site. But from time-to-time I do write reviews about companies and/or sites, primarily in the debt relief world. So I wanted to help explain my policy and approach in reviewing ... Read More »

                              I Am Considering Paying ContractLawDebtRelief.com $5,000 for Debt Help. – Rick

                              “Dear Steve, i am considering paying a company $5,000 for their “contract law dispute process” services. i need to know if it is legitimate. i came across your website online. i would like your professional opinion. www.contractlawdebtrelief.com this is the company and their representative Todd Byrnes Consumer Alliance Group Debt Specialist Authorized Independent Rep Rick” The Answer Dear Rick, I ... Read More »

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