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Debt Relief Industry

Smart Credit Group – Dumbest Promises I’ve Seen Recently

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As part of my efforts to protect consumers, I poke around and look at advertisements and sales claims by debt relief companies. The help wanted ads are a great way to see who is motivated first by money rathe than offering exceptional consumer advice. Take for example the two advertisements today for a group called Smart Credit Group. The ads ... Read More »

    Debt Relief Companies – Warning About FTC Complaint Email


    The Federal Trade Commission is warning small businesses that an email with a subject line “NOTIFICATION OF CONSUMER COMPLAINT” is not from the FTC. The email falsely states that a complaint has been filed with the agency against their company. The FTC advises recipients not to click on any of the links or attachments with the email. Clicking on the ... Read More »

      Fidelity Land Trust, Ed Cherry, Larry Diodato, and Paul Gallenbeck Back in the News

      Big Scam Dog

      Kimberly Miller of the Palm Beach Post has written yet another article about the events surrounding the attempted fancy pants cancellation of mortgages in Florida by several known or even notorious, debt relief players. The summary of recent court opinions about the efforts of the individuals and/or enterprise is certainly not favorable. Conspiracy theorists will say this is because of ... Read More »

        All About Lender Asisstance Network

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        Company Name Lender Asisstance Network Owners/Managers David G. Romano – Owner Physical Street Address 6 Drake Laguna Niguel, CA 92677 Contact Information David G. Romano Founder Chapter 7 Bankruptcy Specialist Lender Assistance Network “Providing Financial Peace of Mind” TOLL FREE @ 888-677-3863 949.842-6680 Cell 949.218.4750 Fax www.LenderAssistanceNetwork.com david@lenderassistancenetwork.com Website lenderassistancenetwork.com Description of Services Provided Chapter 7 Bankruptcy Services (Non Attorney ... Read More »

          Demand for Debt Relief Help Sinks & Stinks. Lowest Levels Since 1994.


          Consumer delinquencies continued to decline in the third quarter of 2012, with bank card delinquencies falling to an 18-year low as consumers strengthen their financial base amid economic uncertainty, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. During the third quarter, bank card delinquencies dropped to their lowest levels since 1994, falling 18 basis points to ... Read More »

            Ontario Canada to Implement Advance Fee Ban for Debt Settlement

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            Ontario Canada has announced new pending regulations to catch up with other provinces to protect consumers from advance fee debt settlement companies. The Minister of Consumer Services, Margarett Best said, “There is evidence of harmful practices used by some debt settlement companies and that is why our government is taking steps to protect consumers. We want to put a stop ... Read More »

              CFPB Goes After Advance Fee Debt Settlement Company in Nationwide Coordinated Enforcement

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              The Consumer Financial Protection Bureau has recently announced they have taken action against Payday Loan Debt Solution, Inc. (PLDS) and Sanjeet Parvani who routinely charged consumers upfront fees prior to settling the consumers’ debts. The CFPBs position was that the practice of charging consumers advance fees for debt settlement violates the Federal Trade Commission’s Telemarketing Sales Rule, the Dodd-Frank Wall ... Read More »

                Orion Financial and Eric Thompson Settle With Colorado Attorney General

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                A tipster (send in your tips here) sent me a heads up that it looks like the case I wrote about before between Orion Financial and Colorado is over. The Colorado Attorney General’s Office announced on December 20, 2012 that Adams County District Court entered a consent decree in a case involving the now defunct, debt-settlement company, Orion Financial Group ... Read More »

                  InCharge Debt Solutions Gives Employees Access to Your Personal Information at Home


                  InCharge Debt Solutions, and Orlando based non-profit credit counseling agency, just put out a press release that brags about how their telecommuting program benefits the environment. It even included a neat little infographic which you can see below. “Improving our employees’ quality of life and job satisfaction were enough for me,” said Ms. Money from InCharge. “Reaping the additional benefits ... Read More »

                    FTC Closes Down Credit Counseling Company We’ve Written About.


                    The Federal Trade Commission has been kicking debt relief butt recently. They’ve been closing down bogus outfits almost faster than I can write updates about them. The latest is a company a reader and tipster (send in your tips here) alerted me about. I then made a secret shopper call you can listen to. See Fake Nonprofit Credit Counseling Agency ... Read More »

                      Demand for Debt Help Expected to Remain at Current Levels Through 2013


                      TransUnion is has released their forward looking statement on credit card delinquencies. If their analysis holds, demand for debt relief services should remain at current levels with no jump in sight. Although the forecasts are trending upwards and showing a slow loading of the future pipeline for debt relief help with balances expected to increase and more sub-prime cards being ... Read More »

                        South African Debt Relief Industry Punches Creditors in Face

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                        Now here is something you’d never see in the United States or England, debt relief major players fighting back hard against the creditors trying to take control of how consumers are served and to fight collectively against creditor control over the process. Enjoy the statement on recent activity below. South African Debt Relief Industry Punches Creditors in Face – Click ... Read More »

                          Cambridge Credit Counseling Talks About Fair Share Creditor Funding

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                          Below you will find the latest release from Cambridge Credit Counseling regarding their transparency project. I personally do have to give them a huge hat tip for their unique willingness to post open and transparent information about the measurement of their services and client performance. You can see more about your their latest data release, here. While I have been ... Read More »

                            Take Charge America to Get Their Non-Profit Tax Status Restored

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                            Take Charge America, a non-profit credit counseling organization, has been in a battle with the IRS regarding the loss of their 501(c)3 tax status. The tax status for the organization has been retroactively returned to December 11, 2011 after a settlement was reached with the IRS. As part of the settlement Take Charge America agreed to give up their rights ... Read More »

                              World Law Debt Assistance – Company and Site Review – Watch Out!

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                              The following review was generated as the result of a request made by a tipster (send in your tips here) who wanted me to look at this allegedly new debt relief company. While the company says their corporate office is in Texas, a search of the Texas Secretary of State records could locate no company registered under the name of ... Read More »

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