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Debt Relief Industry

My Student Loan Relief – Review. Are They a Scam?

Audit Stamp Shows Financial Accounting Examination

Company Name My Student Loan Relief Our Impression of What the Company Offers to Consumers The site is vague on details and who is responsible for the site. Address Unable to locate. Not listed on site. But request for information through site lead to response from: The Credit & Banking Law Group 2201 NW Corporate Boulevard Suite 205 Boca Raton, ... Read More »

    National Credit Relief Bureau – NCRB – Stupid in Connecticut

    angry man

    Why is it that debt relief companies still do get they need to register in Connecticut before they offer services there. Yet another numb nuts has been nabbed by Connecticut on February 5, 2013. MATTERS ASSERTED 1. Respondent is a Florida corporation having its principal place of business at 8050 SW 10th Street, Suite 1800, Plantation, Florida. 2. From at ... Read More »

      New Life Consultants and Their Referral Arrangement Nabbed by CT

      angry man

      The State of Connecticut has recently taken action against New Life Financial Solutions, New Life Consultants. What makes this interesting is the fact the company was apparently not delivering the debt relief services themselves but acting as a referral source but accepting money from the consumer. MATTERS ASSERTED 1. Respondent is a California corporation with an office at 800 Park ... Read More »

        Practical Debt Relief Student Loan Program – Review. Are They a Scam?

        Audit Stamp Shows Financial Accounting Examination

        Company Name Practical Debt Relief Our Impression of What the Company Offers to Consumers The Practical Debt Relief website student loan page seems entirely confusing to the average consumer. The page top is about student loans but the examples given are for debt settlement. Then they launch back into student loan information. The disclaimer on the bottom of the page ... Read More »

          Professional Student Loan Solutions – Review. Are They a Scam?

          Audit Stamp Shows Financial Accounting Examination

          Company Name Professional Student Loan Solutions Our Impression of What the Company Offers to Consumers Our researcher was able to get information from this company much easier than from other companies. I do have to give them props for sending the client agreement and fees without forcing consumers through hoops. A positive sign. The email they sent said: “Our website: ... Read More »

            Worth Unlimited Scam Comment Leads to Missing Complaints and this Review

            Performance transparency seems to be hidden or missing.

            Shane Sorensen came into the site and left the following comment on this question. He might have meant well but what is he really advising the reader to do? “Bob, check out this. This is helping me reach my goals and I’m getting out of debt in 1/2 the time and I didn’t change my income or my budget or ... Read More »

              Help Student Loan Default – Review. Are They a Scam?

              Audit Stamp Shows Financial Accounting Examination

              Company Name Help Student Loan Default / College Education Services Our Impression of What the Company Offers to Consumers I saw an advertisement that claimed people with defaulted student loans could end their default in less than two minutes. That seemed misleading or deceptive since it was not a logically factual statement. It made me want to learn more about ... Read More »

                Student Consulting Group / Fix My Student Loan – Review. Are They a Scam?

                SCG Home (20130307)

                Company Name Student Consulting Group Marketing Message “It would be great if I had some extra cash right now.” Who hasn’t said that more than once? I sure have. Whether it was to pay for a nice dinner, to go on a vacation, or to just buy something I wanted. It really hurts doubly when you say that and you ... Read More »

                  GetDebtAid.com Student Loan Reduction Program – Review. Are They a Scam?

                  Audit Stamp Shows Financial Accounting Examination

                  Company Name GetDebtAid.com Our Impression of What the Company Offers to Consumers I spotted an advertisement for student.getdebtaid.com. The advertisement took me to a site that appears to be nothing but a lead generation site. The claim is that people may qualify for student loan debt relief but no programs are actually expiring. In my opinion the advertisement is misleading. ... Read More »

                    Student Loan Consolidation Assistance Slippery Slope of Compliance

                    Screen Shot 2013-03-04 at 3.30.07 PM

                    Recently the site has received a number of great comments about if student loan consolidation assistance services should be regulated or are already regulated under state laws.You can read all the article on this topic, here. When talking about compliance issues for student loan assistance programs the argument seems to come down to one of two statements. We Are Not ... Read More »

                      Connecticut Spanks New Crop of Debt Relief Companies

                      Black Leather Flogging Whip and money on white background. Not i

                      The latest data is out from the Connecticut Department of Banking identifying the debt relief companies they’ve taken some action with since January 1, 2013. As I’ve said time and time again, you don’t mess with Connecticut unless you are licensed as a debt relief provider and comply with the laws of the state. They don’t take kindly to debt ... Read More »

                        Student Loan Assistance Companies Need a Good Debt Relief Lawyer

                        White Collar Criminal

                        The more I talk to regulators around the country the more I’m hearing that student loan assistance companies that charge advance fees are operating illegally in a number of states. The issue is a bit murky at the moment but the argument is student loan assistance companies are charging advance fees and charging a fee for a service to assist ... Read More »

                          National Debt Relief Needs a Time-Out for Bad Behavior

                          oops

                          A tipster (send in your tips here) sent in a question that made me want to investigate further. The reader said: “I read your recent article on National Debt Relief (same ownership as Eagle One). They are notorious for allegedly setting up fake ratings sites to make consumers believe they are a top rated debt relief company. This erodes consumer ... Read More »

                            Nation Wide Consumer Debt Relief – Review. Are They a Scam?

                            Audit Stamp Shows Financial Accounting Examination

                            Company Name Nation Wide Consumer Debt Relief Our Impression of What the Company Offers to Consumers My initial reaction is their claim to be able to improve your credit score for an advance fee seems to run into trouble with the Fair Credit Organizations Act. For a company that’s been around since 2006, they don’t appear to have spent any ... Read More »

                              My College Loan Support / Default Student Loan Specialists – Review. Are They a Scam?

                              Audit Stamp Shows Financial Accounting Examination

                              Company Name My College Loan Support Default Student Loan Specialists Our Impression of What the Company Offers to Consumers Student loan consolidation services. However, the company can’t be verified, the management is a mystery, the local appears to not be a real address and the domain ownership is hidden. The company also did not send the client agreement for review ... Read More »

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