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Debt Relief Industry

Student Loan Repair Center – Review. Are They a Scam?

Audit Stamp Shows Financial Accounting Examination

Company Name Student Loan Repair Center Our Impression of What the Company Offers to Consumers Promises to lower student loan payments or get student loans forgiven. Makes big claims on home page of results but does not give any support if those are typical results. Address Not available on contact us page. Only available in privacy policy. www.loanrepaircenter.com 1424 Hammocks ... Read More »

    Student Loan Managers – Review. Are They a Scam?

    Audit Stamp Shows Financial Accounting Examination

    Company Name Student Loan Managers Our Impression of What the Company Offers to Consumers The company appears to offer services for federal student loans only to consolidate and/or reduce monthly payments or discharge student loans. Yet these services are available for free directly through the Department of Education to consumers but the company is not transparent about that fact. Depending ... Read More »

      How to Run a Clean Student Loan Assistance Program

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      Since I started writing about student loan rescue or assistance programs that look like they take unfair advantage of consumers I’ve heard from some that would like to know what a “legitimate” student loan assistance program actually would look like. You can see the current list of articles on this subject of student loan assistance or rescue issues, here. My ... Read More »

        I’m Skeptical About Selling Tax Resolution for Tax Defense Network. – Sean

        hiding

        “Dear Steve, Hello I read this post after some research I had done on the tax industry. I interviewed for this job (source) and they said i would sell for the biggest and best tax relief company in the country and make more money on commission than I do at my current job making over six figures in commission. I ... Read More »

          National Debt Relief and American Debt Enders Consumer Rating Not True

          oops

          On February 14, 2013 TopConsumerReviews.com put out a press release stating National Debt Relief and American Debt Enders made the list of companies selected for the TopConsumer Reviews.com website in the debt relief category. – Source Their press release uses the image showing the two companies received the top place and a five star rating. There’s only one problem, according ... Read More »

            Federal Student Aid Relief Website Generates Legitimate Concerns

            Audit Stamp Shows Financial Accounting Examination

            A reader wanted to know more about a company called Federal Student Aid Relief that operates a website (FederalStudentAidRelief.com) with a picture of a capitol building on the site. The reader claims they did a bit of secret shopping as well and said, “When I called them I got a guy with a heavy New York accent who definitely implied ... Read More »

              Mack Financial Solutions / MFS – Site Review

              Audit Stamp Shows Financial Accounting Examination

              A reader contacted me and said: “Do you have any knowledge of Mack Financial Solutions in Las Vegas, NV. About 5 years ago I was referred to them from a fellow real estate investor because this company says they can help build business credit. They are still in business today. I have a very deep financial background in banking, lending ... Read More »

                creditDMS / Credit DMS – Site Review

                Audit Stamp Shows Financial Accounting Examination

                Nichole wanted to know, “What do you know about CreditDMS?” I had not heard of them before so I went and took a look. The results of my review are below. Company Name creditDMS, Credit DMS Address Texas-Corproate 421 HWY, 120 West, Suite #4 Pottsboro, TX 75076 – Source California – Administration 14661 Myford Rd. Suite 200 Tustin, CA 92780-7205 ... Read More »

                  National Settlement Services – Site Review

                  Audit Stamp Shows Financial Accounting Examination

                  Company Name National Settlement Services / NSS Address 5010 W Carmen St Tampa FL 33609 This address was also used by US Settlement Services, American Financial Law Group, Integrity Mortgage and Credit Solutions, Receivables Management Acceptance Corporation, Getmolo, Meridian Law Group, New Leaf Financial, Nexus Financial, Clearview Credit, A New Life Improvement Center, American Financial Law, Consumer Credit Services, Debt ... Read More »

                    Consolidated Credit Canada Criticized

                    news2

                    Consolidated Credit Counseling Services of Canada has been criticized recently in the Canadian press for not having any Canadian certified counselors on staff. “Our industry has been around for more than 45 years, yet counsellor certification is a fairly new requirement. As a newer organization in an industry with a long history, it has taken time and resources to grow ... Read More »

                      Meracord to Get Out of Debt Relief Business

                      changes

                      A tipster (send in your tips here) forwarded me an email they had received from Meracord that announces as of March 1, 2013 they will no longer accept new accounts from debt relief providers. Email from Meracord In early January, we notified you of fee changes that will take effect on February 15, 2013. Please begin using the attached agreement ... Read More »

                        Bankruptcy Filings Decline in 2012

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                        Bankruptcy filings in the federal courts fell 13 percent in calendar year 2012, according to data released today by the Administrative Office of the U.S. Courts. The number of bankruptcies filed in the 12-month period ending December 31, 2012, totaled 1,221,091, down from the 1,410,653 bankruptcies filed in CY 2011. Statistics released today include business and non-business filings for the ... Read More »

                          Colorado Says No to Advance Fees for Tax Resolution Services

                          No Way!

                          The National Association of Tax Resolution Companies has just shared that the State of Colorado has announced tax relief companies are included under the Uniform Debt Management Services Act and may not charge an advance fee for services. “In the first public announcement of its type, companies providing certain tax debt relief, resolution or settlement services to residents of Colorado ... Read More »

                            Former Dextral Managing Director Shares His Bold Story About Ken Talbert

                            umbrella

                            See February 9, 2013 update at bottom for takedown request received from EFA Processing. This article was written and contributed by Jason Spencer, the former Managing Partner of Dextral Capital Management Fund. He shares his observations and experiences from inside the debt settlement industry. I asked Jason why he wanted to share this story. He said, “The reason is that ... Read More »

                              Prestige Financial Solutions Can No Longer Service Clients. Terminates Agreements.

                              crime scene

                              A tipster (send in your tips here) just sent in the following email alleged to have been sent out by Preferred Financial Services that are impacting affiliates that sold debt relief services for them. From: Amy Thompson Sent: Monday, January 28, 2013 Subject: Dear Affiliates, There has been concern about recent fee split changes to commissions. This move was made ... Read More »

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