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Debt Relief Industry

Debt Validation of America Files Chapter 7 Bankruptcy

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Debt Validation of America has appeared on this site many times over the years, click here. A reader tipped me off the debt settlement company filed for chapter 7 bankruptcy protection. They filed on February 28, 2013. Their bankruptcy application lists assets of $0 to $5,000 and liabilities of $50,001 to $100,000. Morgan Bryan Perry signed the filing as President ... Read More »

    Ward Pleads Guilty to Nationwide Foreclosure Scam and Bankruptcy Fraud

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    A former Los Angeles resident, who fled to Canada and was a federal fugitive for 12 years, pleaded guilty on Monday to aggravated identity theft and bankruptcy fraud in connection with leading a nearly 15-year foreclosure-rescue scam that fraudulently postponed foreclosure sales for more than 800 distressed homeowners, announced Christy Romero, Special Inspector General for the Troubled Asset Relief Program ... Read More »

      How Can I Find Out if I Can Offer Debt Settlement in the Different States? – Roger

      law books

      Dear Steve, I’ve enjoyed your site for many years. Thank you for your contributions. I do have a question for you that you may be able to help. I’ve had a debt settlement company for about 20 + years. I deal mainly with Commercial, business to business debt and not consumer. Occasionally I get people wanting me to settle their ... Read More »

        WV Wins Judgment Against Nonprofit Credit Counseling Agency and a Number of Debt Relief Companies

        punched-in-face different

        On March 20, 2013 the State of WV was granted a judgment against James Armstrong, Family Credit Counseling, Debt Solutions Foundation, Top Financial Sales & Marketing, Consumer Financial Marketing, Consumer Debt Management & Education, JRA Property & Land Management, Vegga Corporation, and American Debt Counseling. Court records indicate Family Credit Counseling Corporation was a federally tax-exempt nonprofit and was in ... Read More »

          Is Rescue One Financial Hiring People to Lie to Google?

          no bullshit

          A tipster (send in your tips here) alerted me to a job posting that pays people to fraudulently report this post, Alleged Former Employee Speaks Out About Rescue One Financial Loan Offers to Google as spam. The job posting, pays people $0.50 to submit a fraudulent spam report about the post about Rescue One in what can be assumed an ... Read More »

            KEL Attorneys and Ample Legal Service Target Senior Citizens for Debt Settlement Services

            surprise

            In what I first though was an early April Fools joke, KEL Attorneys out of Florida has sent out a press release that targets senior citizens for debt settlement services. Could this be the same KEL Attorneys that got booted out of the BBB in 2011? The press release, issued on March 14, 2013, said: “It is extremely important for ... Read More »

              Reader Says I Should Look at Credit Services Today as New Formation of Credit Alliance Group

              Credit Services Today (20130326)

              A tipster (send in your tips here) sent in the following information. “Credit Alliance Group has reopened as credit services today at a Seattle address offering debt settlement and credit monitoring. When you click on the link for the debt calculator on the new website at creditservicestoday.net look at the address bar of your browser, it takes you to the ... Read More »

                New Documents Show Florida Land Trust, Whitestone Capital Trust, and Private Capital Trust Activities Continue

                Mature woman confused

                A tipster (send in your tips here) sent in a number of documents which show companies in Florida are continuing to market land trusts. This is particularly interesting since Fidelity Land Trust was sued and given a Temporary Restraining Order in September, 2012 to cease all business. I’m going to post the documents I received below and we shall see ... Read More »

                  Update on Case Filed by Florida Against Fidelity Land Trust, Ed Cherry, Larry Diodato and Others

                  questions

                  Back in 2012 the Florida Attorney General filed a lawsuit to stop Fidelity Land Trust from continuing to sell services to consumers. For more information read this post. As part of that case an anonymous tipster (send in your tips here) has forwarded me a copy of the deposition of Larry Diodato from February 19, 2013. Below are excerpts of ... Read More »

                    Less Need for Debt Relief Companies Shown in Census Data

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                    The U.S. Census Bureau released data recently which should be of concern for debt relief companies, except possibly bankruptcy attorneys. While the amount of debt is rising for consumers the makeup of that debt is changing significantly. Most importantly, the most damning statistic from the survey is the percent of household holding debt. That number has been steadily declining meaning ... Read More »

                      Good News and Bad News About U.S. Consumer Debt

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                      The census bureau has released a new report that chronicles household debt in the U.S. from 2000-2011. The good news is that fewer households are carrying some form of debt. In 2011 69 percent of households did compared to 74 percent in 2000. The bad news is that those that are carrying debt are carrying more. In 2011 dollars the ... Read More »

                        Profile Defenders Wants to Charge to Bury Postings From GetOutOfDebt.org

                        questions

                        A reader pointed out an interesting post on a site from a company called Profile Defenders that appears to make a claim they have some sort of control over what appears on this site. – Source Their fees for this service are upwards of $10,000. There are additional plans as well. – Source I want to make it very clear ... Read More »

                          First Choice Debt Resolution in Trouble for Unlicensed Debt Settlement

                          connecticut

                          The State of Connecticut is not very happy with First Choice Debt Resolution. According to the State: 1. Respondent is a Nevada limited liability company having its principal place of business at 5340 N. Federal Highway, Suite 206, Lighthouse Point, Florida. 2. From at least October 2009 to May 2012, Respondent engaged in debt negotiation of unsecured debt on behalf ... Read More »

                            Missouri Sues Mortgage Law Group and Legal Helpers Debt Resolution

                            news-hot

                            On March 11, 2013, Attorney General Chris Koster filed a lawsuit against two related businesses that purported to provide loan modification and mortgage relief to desperate homeowners. Koster’s suit is against Legal Helpers Debt Resolution, LLC and Mortgage Law Group, LLC, as well as the companies’ managing partner, Jason Edward Searns; senior partner, Thomas Macey; and senior partner, Jeffery Aleman. ... Read More »

                              SmartPath Debt Relief Radio Ads Concern Reader

                              detective

                              A reader wrote in about SmartPath Debt Relief after hearing radio advertisements in San Diego that targeted latino consumers. The reader said: I’d like to anonymously report a scam on Smartpath Debt Relief. They are a new business that is placing lots of radio ads in a San Diego radio station called Pulsar. I’m very upset that they are preying ... Read More »

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