Article and information specifically geared to readers inside the debt relief industry.
Company Name Cambridge Credit Counseling Corp. Owners/Managers Christopher A. Viale, President & CEO Thomas W. Hebert, Chief Financial Officer Tracy Guay, Clerk Of the Corporation Physical Street Address 67 Hunt Street Agawam, MA 01030 Contact Information 1-800-CAMBRIDGE (1-800-226-2743) in**@*************it.org Website CambridgeCredit.org Description of Services Provided Cambridge Credit Counseling Corp. is a 501(c) 3 non-profit credit …
This week, Attorney General Lisa Madigan filed lawsuits against three Chicago area companies for fraudulent mortgage rescue and debt settlement schemes that cheated consumers out of large thousands of dollars. Madigan filed the lawsuits in Cook County Circuit Court, alleging the three companies took large upfront fees from consumers with a promise to help them …
A new type of company has just opened to help consumers that may have been scammed by a debt relief company, and is looking for money back, but getting nowhere. We all know how frustrating that is. If you are the consumer and you didn’t get the services that were sold to you, the matter …
Looks like Thomas Roland and his company ESS are now into Colorado for almost $1.2 million in fines and penalties. In a press release, Colorado Attorney General John Suthers recently announced that his office has obtained a judgment for more than $594,000 against Thomas Roland for his role in an Orlando, Fla.-based unregistered debt management …
Federal Reserve data just out shows consumer revolving and non-revolving debt continues to drop. August showed a 3.4 percent drop in revolving debt. More disconcerting was the reduction in the pools of securitized assets where issued credit cards are packaged and sold. August’s 40.3 billion is anemic and is not a good indicator that banks …
Yesterday a suit was filed in Washington State by Meghan Fitzgerald against Legal Helpers Debt Resolution, LLC, for violations of the Washington Debt Settlement Act, RCW 18.28, et seq. and the Washington Consumer Protection Act, RCW 19.86, et seq. The lawsuit states: In approximately August of 2010, Ms. Fitzgerald received a solicitation from LHDR offering …
As modern and clever as we might feel here on the bleeding edge of history there is one cold hard fact I can’t ignore, these are still the dark ages of the debt relief industry. Let’s just take a broad look at the current state of affairs: Nonprofit Credit Counselors: The credit counseling world is …
Just like the economy, credit card issuers are sending mixed signals about consumer debt. I wanted to share my opinions and read the tea leaves this month. Equifax is reporting credit cards are being issued at a faster rate this year. “More than 18 million new bankcards have been originated between January-June 2011. While this …
The Internal Revenue Service has launched a new program to allow employers to get their workers classified correctly. The Voluntary Worker Classification Settlement Program is designed to allow employers to make the switch from contractor to employee without facing stiff penalties if caught with incorrectly classified workers. It’s sort of an amnesty program. Under the …
If you look at the recent action taken by Connecticut you’d realize how important it is to make sure your debt relief company is fully compliant with every state. In fact I even give you a free tool to check that out. Too bad Lloyd Ward Group, the Dallas based attorney model debt settlement firm, …