Article and information specifically geared to readers inside the debt relief industry.
Colorado Attorney John Suthers has sued Florida based Johnson Law Group and attorney Clint Johnson for offering debt relief services in Colorado without holding a debt management license. It appears the attorney exemption just plain did not work for Johnson. This must have been one of the active investigations AG Suthers mentioned when I interviewed …
“Dear Steve, I am a former sales person for several debt settlement companies-and have questions about FTC regulation. Please DO NOT identify me by name or email on your site-I have many friends still working for this one company. FTC regulation forbids deception-would enticing a lead to sign an enrollment application by saying “I got …
I was recently brought to my attention that Reliant Account Management is operating as a third party escrow company for debt settlement. Frankly I don’t know anything about them and I was curious if anyone has had an experience with the company you’d like to share. Here is what I do know about the company: …
Here is a copy of testimony that was presented in California today to support a debt settlement fee cap at 15% of savings. 20 April 2011 The Honorable Ellen Corbett
Senate JUDICIARY COMMITTEE 
 State Capitol, Room 2187 
Sacramento, CA 95814 RE: SB 708 (Corbett) – Support Dear Senator Ellen Corbett: On behalf of U.S. Debt …
I was communicating with Mike Croxson, president of CareOne, who shared his written testimony with me regarding his view of the new proposed California SB 708 Debt Settlement Services Act. His testimony stated the fee level set by SB 708 as a 15% of savings success fee was too low; consumers that contact CareOne broke …
Scott Johnson, a guy that has a great analytical mind when it comes to running a debt settlement company, has agreed to field questions and provide free advice for debt settlement companies that are looking for tips and ideas on running a debt settlement company. This is a great opportunity to ask a professional in …
The following guest post was contributed by Scott Johnson. Scott Johnson, CEO of US Debt Resolve & USDRINC. Scott has testified at both the state and federal level, participating as a panelist for the FTC debt settlement workshop in 2008 and TSR 2009. If you would like to contribute a guest post, click here. 2012 …
A tipster (send in your tips here) sent me in the documents they received after contacting a sales representative from a mailer they received. For those not familiar with Consolidated Litigation Support Group, they appeared to surface after attorney Phillip Kramer did not renew his agreement with Mass Litigation Alliance. As of March 31, 2011, …
For far too long credit counseling groups have remained silent about how their service actually performs. Many routinely direct consumers to nonprofit credit counselors but how effective are they? The actual performance numbers have always been a closely guarded secret. That secret has been held, not out of modesty, but out of fear that when …
The Center for Responsible Lending submitted testimony last month to the Uniform Law Commission asking them to reconsider 30% success fee caps for debt settlement services under the soon to be modified Uniform Debt Management Services Act (UDMSA) Currently the fee allowed to be charged is 30% of the amount saved by the consumer, between …