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Debt Relief Industry

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

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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.

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    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: Domain registered on October 3, 2007. Registered by [email protected], 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: is registered to Frontier Trading, Inc and was created on April 16, 2008. It ... Read More »

              Debt Relief Company and Site Review Policy

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              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 $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. this is the company and their representative Todd Byrnes Consumer Alliance Group Debt Specialist Authorized Independent Rep Rick” Dear Rick, I took a ... Read More »

                  Beware of Debt Settlement Scams Says CBS News

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                  A report on the CBS “Early Show” had some very strong warning about debt settlement companies. Minnesota Attorney General Lisa Madigan said, “You would be more likely to settle your debt by buying a lottery ticket than by signing up with a debt settlement company.” You can watch the report from CBS below. Read More »

                    Debt-Settlement Fraud Rising with Lack of Regulation Says Washington Post

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                    Baltimore resident Gloria Snowden thought she had found a way out from under her $10,000 credit card bill when she signed up with a company that promised to negotiate with creditors to settle the debt for less than she owed. It was 2003 and the nascent debt-settlement industry was just taking off. Traditional credit counseling and consolidation organizations devise payment ... Read More »

                      Up-Front Fee Debt Negotiation Program, Credit First Financial Solutions – BANNED BY FTC

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                      The telemarketing business will be permanently off limits to a deceptive pitchman whom the Federal Trade Commission sued last year for allegedly tricking consumers into paying hundreds of dollars for a credit card that could only be used to buy merchandise from his companies’ Web sites. Under a settlement order with the FTC, pitchman James Nicholson and a group of ... Read More »

                        Decision One Solutions Review

                        Address: Unknown. Not on site and no registered company found with the name of Decision One Solutions. Website: Domain name was registered on January 21, 2010 and is owned by Michael Basilicato. [email protected] Description: “A full service debt solution company” – from Decision One Solutions sales video. [flashvideo file=/wp-content/uploads/mikeybdecisionone.flv /] Decision One Solutions is a full service Debt Solutions ... Read More »

                          Innovative Wealth Builders Review. Scam?

                          Innovative Wealth Builders Structure

                          Address: Innovative Wealth Builders, Inc. 28059 US Highway 19 North Suite 300 Clearwater, FL 33761 Website: This domain was registered on February 4, 2008. Description: Frankly, I don’t have a clue what they do. Their site makes no sense. Management There are actually two active companies in Florida called Innovative Wealth Builders. one is Innovative Wealth Builders, Inc. and ... Read More »

                            I Called Johnson Law Group But Their Number Is Disconnected. – Danny

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                            “Dear Steve, I have a question. I signed up with the Johnson Law Group since June of 09 they promise me they can settle my debt and help me get out of debt in 18 month however they say it takes 5-6 month for credit card company to accept the offer. I paid them 8 month now however im still ... Read More »

                              Debt Settlement Company Robo Calls BBB Office

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                              You know this happens all the time. An automatic dialer from a debt settlement company calls an Attorney General office by mistake. In this case the call went to a BBB office in Texas where it was recorded. Okay, before you get your britches in a bunch I know the BBB has no regulatory authority but they are the wrong ... Read More »

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