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Debt Relief Industry

Foreclosure Scam Ringleader Faces 49 Years Behind Bars

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The ringleader in a Carlsbad, California-based scam that tricked mostly Spanish-speaking homeowners into paying for a bogus service to stave off foreclosure was convicted of 160 felony counts by a San Diego jury Tuesday, according to the district attorney’s office. William Hutchings, 62, of San Diego faces 49 years in prison on the convictions that included conspiracy, grand theft, rent ... Read More »

    Loan Modification Company Operating Out of Mailbox at UPS Store is a Scam

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    Federal prosecutors have indicted two San Diego men featured in an ABC News investigation for their role in allegedly defrauding desperate homeowners trying to modify their mortgages. Investigation uncovers businesses posing as something they’re not. Glenn Rosofsky and Michael Trap, who ran a business called Nations Housing Modification Center, are charged with duping homeowners who were falling behind on their ... Read More »

      U.S Foreclosure Relief Banned From Foreclosure Relief Business

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      Missouri Attorney General Chris Koster today announced that the operators of a foreclosure-relief business will no longer be allowed to do business in Missouri or other states, thanks to a court settlement with Missouri, California and the Federal Trade Commission (FTC). US Foreclosure Relief Corp., George Escalante, Cesar Lopez and Adrian Pomery are permanently banned from selling mortgage loan modification ... Read More »

        Is the Living Free and Clear Program Offered by TJ Marrs and Asset Solutions a Scam?

        Living Free and Clear Sales Price

        Recently someone came to the site and posted a comment (see comment from Dee) that lead me to the video to the right and that took me to the Living Free and Clear program by TJ Marrs (Theron-Jay Marrs). At first glance I saw what I thought were many of the same pitches I saw from Dave Burke and The ... Read More »

          Is the Debt Relief Program By Dr. Robert Manning and Hope Financial USA, Legit? – Vicki

          “Dear Steve, I am very in debt, a little under $40K. I was out of work last year for over 6 months. I purchased my town home in 10/08 for 163K, at 6.9%. I refinanced May09 at 5% but I had to roll in the finance charges (getting back my escrow to help living expenses) and my new mortgage is ... Read More »

            Debt Settlement Firms Split on Maryland Bill to Regulate Fees

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            Companies that help consumer debtors pursue lower payments to their creditors would have to wait until a debt settlement is reached before collecting their fees under a bill now in the legislature. The bill, backed by the Maryland Consumer Rights Coalition, would allow these businesses to charge an upfront fee of $50 and then receive 15 percent of the total ... Read More »

              Preferred Financial Services Review

              This review is the result of a question from a reader about Preferred Financial Services. Address: 300 Brickstone Square, Andover MA 01810 Website: pfsdebtrelief.com They own their domain name and it was registered on June 25, 2008. The administrative contact is Wayne Ahlquist. Description: I am assuming they are a debt settlement company. They have a link to their about ... Read More »

                Examples of Deceptive Official Marketing Sent Out By Debt Settlement Companies to Trick Consumers. Some are Members of TASC & USOBA.

                I’ve seen more coy and scammy mailers being sent by companies in an attempt to trick or confuse people in debt to believe that some sort of government help is available to help them with their consumer debt. For the most part these mailers are nothing more than deceptive advertisements that try to get consumers to call and then be ... Read More »

                  Heritage Debt Relief Review

                  Address: Enrollment 7500 Rialto Boulevard Suite 170 Austin, TX 78735 – Source Client Relations 105 S. Canyonwood Drive Dripping Springs, TX 78620 – Source BBB Listed Address 6060 North Central Expressway Suite 560 Dallas, TX 75206 – Source. Interestingly this appears to actually be the address for The Sartin Law Firm. Not sure of relationship to Heritage Debt Relief. Website: ... Read More »

                    Former Bank VP of Recovery Operations Says TASC and Most Debt Settlement Companies, Suck!

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                    Dear Steve, My name is Jeff Meek and until Aug 2009 I was Vice President of Recovery Operations for WaMu Card Services. During my almost five year tenure at the bank I had the opportunity to review the Debt Settlement industry through the critical eyes of an issuer. When we began looking at Debt Settlement as a option for our ... Read More »

                      Debt Settlement Company, Debt Negotiations Associates, Credit Repair Company, and Attorney to Settle FTC Charges

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                      A promoter of credit repair and debt relief services has agreed to settle Federal Trade Commission charges that he deceived consumers into paying thousands of dollars based on false promises that he could help solve their credit and debt problems with debt settlement and credit repair services. According to the FTC, the promoter falsely told consumers he could improve their ... Read More »

                        Freedom Debt Relief Bragging About Being in Forbes. Not So Fast Fellas. Back the Bus Up.

                        I am constantly accused of targeting this company or that company but in truth I’m so busy writing about the next thing to cross in front of me I don’t have time to have anyone on the radar. I say that because I find myself writing something that involves a company I’ve written about before, Freedom Debt Relief, a debt ... Read More »

                          Rules for Debt Settlement Companies Would Help Protect Consumers

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                          An editorial out of Michigan does a good job of summing up the grassroots feelings of educated consumer activists regarding needed debt settlement regulations. Here is the editorial: Pay off your debts for just pennies on the dollar! One phone call can save you from years of financial misery! Sales pitches like these might sound like they’re coming from a ... Read More »

                            Relief LLC Review

                            Address: 375 N. Stephanie St. Suite 1411 Henderson, NV 89014 – Source Website: Reliefllc.com Domain registered on February 25, 2009. Believed to be owned by Jason Long at [email protected] Description: Payday loan relief company. Management Jason Long – VP of Business Relations – Source James Skylar Company was registered in Nevada on March 16, 2009. – Source Contacts Toll-Free Phone/Fax: ... Read More »

                              Couple Posed as Bogus Debt Settlement Company to Steal Money

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                              Authorities say a Texas couple has been charged with wire fraud for swindling $13,000 from a north Mississippi couple while purporting to work as a debt settlement company. Mississippi Attorney General Jim Hood said 50-year-old John Clune and 44-year-old Monica Clune are from Farmer’s Branch, Texas. Both were charged Thursday on five counts. Hood said Friday in a news release ... Read More »

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