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Debt Relief Industry

Debt Collection Companies Still Think Debt Settlement Offers Are Too Low

Persolvo-610x406

A tipster (send in your tips here) pointed out to me an article in insideARM today that talks about why about half of debt collection companies do not yet work with debt settlement companies. “The second most interesting data point to emerge was only one of the top six reasons for not working with debt settlement providers related to the ... Read More »

    Jet Debt Settlement. Are You Kidding Me?

    Cure the disease

    A reader and tipster (send in your tips here) sent me a copy of an email they recently received from a company called Jet Debt Settlement. We’ve got some bad news for you. Your debt isn’t going away. In fact, as You read this, it’s getting worse. Fees and Penalties are adding up. The Good News Is – We’ll Settle ... Read More »

      Reader Not Happy With CuraDebt Advertising

      Frustration

      Update April 30, 2015 CuraDebt reported an error with this post. “The information in this post were from an affiliate, and have been solved. The company has been licensed as a telemarketer and holds a bond and foreign reg. in FL. If a client sees these posts they will think the information is still valid, and fortunately at this time ... Read More »

        Consult America Decides Credit Card Modification is New Name for Debt Settlement

        From now on these will be called horses.

        Companies have been scrambling to get away from the term debt settlement in an effort to try and claim the services they offer are nothing like the bad debt settlement companies that charged huge advance fees. Consult America is one such company apparently. A tipster (send in your tips here) sent me a copies of an emails they received from ... Read More »

          Debt Settlement in Canada Drying Up Quickly

          canada

          I was talking with a high ranking source in Canada inside the debt relief industry. They mentioned the number of debt settlement ads on radio and television have disappeared. The days of heavy debt settlement marketing in Canada are gone. They also said their contacts at national creditors in Canada are reporting new debt settlement proposals have dropped by about ... Read More »

            Canada’s Largest Province Working to Ban Advance Fee Debt Settlement

            canada

            Hey Canada, better late than never, eh? Tracy MacCharles, the Minister of Consumer Services, stated today, “Ontario consumers need to have confidence that they’re getting what they pay for when purchasing debt settlement services. We’re going to introduce legislation that would protect some of our most vulnerable consumers from being taken advantage of, at a time when they need the ... Read More »

              Dear Melissa. The Conflict Between Debt Relief Sales and Consumer Needs

              The conversation brought up the fundamental flaw in the tug-of-war between the goals of the consumer and the goals of the debt relief company.

              Last week a commenter who only would identify themselves as Melissa came into the site and said she worked for a debt relief company and made a number of statements about her role with what appears to be a debt settlement company. Some of those comments included: “I am proud of the work we are doing here but our company ... Read More »

                How Can Debt Validation of America Just Steal My Money? – Shelia

                Big Bad Burglar

                “Dear Steve, I started with My Choice Debt Management in 2009, that turned into Debt Validation of America shortly thereafter and later it hired THE FIRM PLLC to do their legal work after they realized they were not operating legally. I paid $1471/month in to an escrow account for 2 years for a total of $35,325 total (of course a ... Read More »

                  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 »

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