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Debt Relief Industry

Debt Settlement Employee Wants to Know Why a Company is a Scam

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A tipster, Rick, (send in your tips here) sent in the following comment: “Please look into this company headquartered in Illinois. I work at a settlement company and we have major headaches due to this company setting up long term payment plans then when it is paid in full they never pay the creditor! This has happened several times. So ... Read More »

    Credit Counselor Teaches People How to Beat Chase Bank Out of Interest

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    I’m a bit stunned that Accelerated Debt Management put how to beat Chase Bank out of the interest they charge, but oh well. But then again, maybe they don’t get any fairshare from Chase Bank so they don’t give a shit or feel they have to suck up to Chase as most credit counselors do. And they apparently hate debt ... Read More »

      South African’s in Debt Counselling Can Lower Credit Insurance Rates

      Deborah Solomon of The Debt Counselling Industry

      The Debt Counselling Industry in South Africa has announced a new insurance product to assist consumers struggling with financial troubles. In South Africa, when consumers are working with a registered debt counsellor who can put together a court approved and mandated repayment plan, up till now there has been little relief from the exorbitant fees paid to creditors when they ... Read More »

        Washington Class Action Suit Refocused on Lloyd Ward and Meracord

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        Back in July a class action lawsuit was filed against Meracord (formerly NoteWorld) and Lloyd Ward, the Dallas debt settlement attorney who has sued my wife and I. The first compliant filed was a bit meandering and did not focus that much on the activities of Ward and his debt settlement companies. It appears the filing attorneys and firms have ... Read More »

          FinancialHope Counseling and Education the New Version of Consumer Credit Counseling Service of Northeastern Indiana

          A newspaper report out of Ft. Wayne, Indiana says that Consumer Credit Counseling Service of Northeastern Indiana is attempting the old rebrand move. I guess the Consumer Credit Counseling Service name doesn’t have the same positive benefit it once did. – Source I’m not sure if this agency is new at the rebranding effort or just behind in the branding ... Read More »

            Why Can Debt Aid Processing Say They Are an FTC Approved Company?

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            A tipster (send in your tips here) sent in information on a company, Debt Aid Processing, they were surprised to see a debt settlement company claiming such a thing. “I didn’t know the FTC approved of any company let alone a debt settlement company. Do you know if the FTC has actually approved this company? If not, i find this ... Read More »

              Innovative Wealth Builders Settles With Missouri Attorney General.

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              Thanks to a tipster (send in your tips here) a company I’ve written about before, Innovative Wealth Builders, has been found in the news. According to the office of the Missouri Attorney General, Innovative Wealth Builders is willing to pay a $36,000 settlement to the State. Here is the official statement sent out by the AG: “Attorney General Chris Koster ... Read More »

                Debt Relief Companies and Time-Barred Debt. New CFPB Rules.

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                The Consumer Financial Protection Bureau has put out an examiners guide for debt collection agencies. Much of the information is of less interest to debt relief companies but one small section creates an important issue that debt relief companies should pay attention to. In the past we’ve written about the inclusion of time-barred debt in debt relief programs, including credit ... Read More »

                  An Examination of New CFPB Debt Collection Rules

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                  The Consumer Financial Protection Bureau (CFPB) has released new rules that will give it the authority to supervise the activities and actions of the nations largest debt collection agencies. While supervision does not extend to all debt collection groups, the lessons learned will. The CFPB stated that the purpose of this action and regulations of the debt collection industry was ... Read More »

                    Lloyd Ward Group & Lloyd Ward and Associates Warns Consumers

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                    A reader shared the email below from the office of Dallas, Texas debt settlement attorney Lloyd Ward. (You can send tips in here.) Apparently Ward is concerned that consumers that cancel accounts with him need to be careful about finding reputable debt settlement service providers. That’s good advice. And while I am critical of activities that harm consumers, I’m also ... Read More »

                      J Hass Group Debt Settlement Fine Upheld at Three Times State Request

                      Ready to Collapse

                      “Around the same time last year, the J. Hass Group was slapped with a cease and desist order by the Arizona Department of Financial Institutions accusing the J. Hass Group of “engaging in unlicensed activity as a debt management company.” The company was ordered to pay a $50,000 fine. Although their offices have since been cleared out, J. Hass has ... Read More »

                        Michael Bovee Interviews Jared Strauss from Debt Relief A La Carte

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                        Recently Michael Bovee from Consumer Recovery Network interviewed Jared Strauss, a former champion debt collector who now assists consumers with debt relief through his website. Strauss shares his experience as a debt collector where he approached debtors as a problem solver to find solutions to their financial problems. Jared has contributed a series of guest posts to this site to ... Read More »

                          I Am a Debt Negotiator. Can Chase and American Express Refuse to Work With Me? – David

                          Ready to Collapse

                          Question: Situation * I am a negotiator with a Debt Settlement company. Can Chase or American Express refuse legally to discuss the account with a debt management office even if we have legal notarize papers? how can I get passed this. also how is the goverment allowing debt buyers to charge more interest on accounts that were charged off? Answer: ... Read More »

                            Debt Relief Industry Living Groundhog Day. South Africa Can’t Think Globally.

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                            The other day I caught a bit of that movie Groundhog Day. That’s the Bill Murray film where he wakes up every morning and it is the day before all over. As someone who has been involved in debt relief in Ireland, UK, U.S., The Netherlands, and some in South Africa I can tell you that the debt relief industry ... Read More »

                              South Africa – “Banking Bullies Still Using Scare Tactics” says The Debt Counseling Industry

                              Debroah Solomon, of The Debt Counseling Industry, a South African debt counsellor, is speaking up about what she perceives as continued bad behaviour by the banks. Solomon states, “I am compiling a list of case studies involving banking institutions and the tactics used to terrorise some debtors. The studies display many common features, including scare tactics rather than respect for ... Read More »

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