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Debt Relief Industry

65 Percent of People That Enroll in Debt Settlement Programs Bail Before Creditors Contacted

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An interesting article out of illinois, Our Opinion: Put curbs on debt settlement companies, contains a very interesting quote from the Attorney General of Illinois, Lisa Madigan. “What we have learned is that 65 percent of people who initially enroll with debt settlement companies drop out before any communication (with creditors) has been made. Before any of their debt has ... Read More »

    Hey Mr. Check in Detroit, Michigan, What the Hell?

    I saw this advertisement for a company called Mr. Check. Mr. check has 20 years of credit consolidation service under its belt. We can help you clean your credit and bring your score up, as well as help you get the loans that you need. Mr. Check will stop those debt collectors from calling and harassing you and we will ... Read More »

      Here’s How Debt Settlement Companies Plan to Get Around New Consumer Protection Rules – Go Offshore!

      Debt Settlement Companies Move Offshore

      Here is a recent debt settlement company trade association presentation from The Association of Settlement Companies (TASC) that appears to suggest to TASC members to consider circumventing new consumer protection rules to come from the FTC by avoiding traditional phone lines, moving operations offshore like gambling and payday operations, and selling discounted medical & health products with the debt settlement ... Read More »

        Liberty Law Firm in California. Is It Brian Colombana, Esq. or American Financial Modifications?

        I’m curious if anyone has used the loan modification services of a company that was called American Financial Modifications and they are now called Liberty Law. – Source Here is what I know so far. There are two sites for California companies that say they are Liberty Law Firm. See llfirm.net (source) and libertyfirm.org (source). The toll-free number for American ... Read More »

          Debt-Agency.us, Debt-Experts.net and TheConsumerStandard.com Running ‘Deceptive’ Stimulus Debt Settlement Advertisements

          The Consumer Standard Debt Settlement Advertisement

          Yesterday I came across a link to http://theconsumerstandard.com/v1/debt.php which took me to the page below. What struck me about the advert was how it made it appear there was some new federal or state law that allowed people for a limited time to reduce their debt by 50%. The link at the bottom of the page “Reforms to Protect American ... Read More »

            More Deceptive Debt Settlement Marketing – Destroy My Debt

            Here is the ironic part, I wasn’t even going to look at this page that appeared in my RSS reader under “debt settlement marketing” but unfortunately, I did, and it pissed me off. Here is what I saw: What Are The 5 Advantages Of Using A Debt Settlement Company? Author : Larry Potter | on 11th Apr 2010 1. Reduce ... Read More »

              US Debt Resolve Get More Bragging Rights With ISO 9001

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              US Debt Resolve, the company I was bragging about last week for embracing my call for openness and transparency in the debt settlement industry. The just forwarded the following release to me so as a reward for publishing their customer data and stats I’m doing something I never do, publish forwarded press releases. US DEBT RESOLVE IMPROVES PERFORMANCE WITH ISO ... Read More »

                CreditAnswers Bailout Television Ad – Misleading

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                I just saw the Credit Answers television ad on television. The messages it contained struck me as bordering on deceptive and misleading. The impression an average viewer will get from this ad is that government bailout programs given them a right to settle their debt and that debt settlement will be less harmful than bankruptcy. Watch the ad below and ... Read More »

                  Here is a Debt Relief Program to Avoid – Consumer Alliance Group

                  It seems like a new variation of the Credit Card Defense Network (CCDN) approach at eliminating your debt through contract law trickery or novation is surfacing. CCDN is getting sued all over the place. The Consumer Alliance Group program is being promoted by Todd Byrnes ([email protected]), who was previously affiliated with Court Mediation Services. Another failed program. You can read ... Read More »

                    Freedom Debt Management, Seriously?

                    FDM

                    I recently saw an advertisement that lead me to Freedom Debt Management and the logo reminded me of another company with a similar name, Freedom Debt Relief. Take a look below and tell me what you think.       If I was Freedom Debt Relief I’d be upset about the similarities that could easily lead to consumer confusion. Freedom Debt Management, ... Read More »

                      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. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Valuable Process to Reduce ... 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

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                              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 »

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