Home > Debt Relief Industry (page 3)

Debt Relief Industry

Another Debt Relief Mailer to Watch For

scam copy

An amazing reader, Jessica, sent in a new debt relief mailer through my I Buy Junk Mail program. These mailers promising all sorts of relief that try to appear as some sort of official notification are still going out to consumers. The mailers are problematic in my opinion because they state benefits without much information to fill people in about ... Read More »

    Hope for Home Gets Unwanted Attention in Connecticut

    Many multicolor question marks above the head of young man or boy. Making decision thinking uncertainty learning concept. EPS 10 vector illustration no transparency

    The State of Connecticut recently took action against Lamont Karriem and Hope for Home for allegedly operating as a debt adjuster or debt negotiator for residents. The State said: 1. Respondent is an individual, who at all times relevant hereto, was the sole proprietor of Hope for Home, which has an office located at 12523 Limonite Avenue, Suite 440-421, Mira ... Read More »

      Reliant Account Management Fined by Connecticut and Gets Second Chance

      Gateway Bank offer fine print penny

      The State of Connecticut recently fined Reliant Account Management (RAM) for operating in the state without a money transmitter license. A consent order entered into by Gregory A. Winters agreed to pay a $5,000 civil penalty and to “cease and desist from engaging in the business of money transmission in the future in Connecticut without a license.” The company also ... Read More »

        Debt Relief Companies and Individuals – Banned

        Shirtless young man outdoor doing silly face

        The Federal Trade commission is reporting more actions against debt relief providers that allegedly misled consumers about their services. While this is about a debt settlement company, all consumers should walk away with the fact they have a responsibility to know who they are doing business with. Buying defective debt relief help is no more egregious than buying a defective ... Read More »

          It’s Over – Debt Relief Trial of Otto Berges and Consumer Protection Counsel

          closeup of a gavel on cash, from above

          In checking on recent updates, it appears the court case I reported on regarding Otto Berges, Consumer Protection Counsel, Berges Law Group, and Debt Be Gone; is over after a quick day or so trial. For those that want to read the backstory, click here. It looks like Berges and others named in the case by the consumer have lost ... Read More »

            More Twists and Turns in Morgan Drexen Case Now Involving Howard Law

            courthouse 2

            Last week the Consumer Financial Protection Bureau (CFPB) deposed Walter Ledda, the former man in charge of the debt settlement company Morgan Drexen. Ledda disclosed some information that made the ears of the perk up a bit and they filed a new court document. Rather than rehash the entire background of this multi-year court action between the CFPB and Morgan ... Read More »

              Working On a Story – Did the CFPB Call and Threaten Your Debt Relief Company?

              cfpb

              I’m working on a story about the CFPB calling debt relief companies and saying, “Hello this is ___ from the CFPB calling about an enforcement matter, please call me back immediately.” Companies that are calling back do not have an enforcement matter but are being pitched to register for the CFPB online portal. If your company has received such calls, ... Read More »

                Another Attorney Runs Into the Connecticut Department of Banking

                connecticut

                You’d think attorneys would avoid issues with the Connecticut Department of Banking, but you’d be wrong. Another attorney has received their unwanted attention for debt relief issues. “MATTERS ASSERTED 1. Pullin Law is a professional corporation organized under the laws of the State of New York with offices located at 7600 Jericho Turnpike, Suite 402, Woodbury, New York; 3075 Veterans ... Read More »

                  Rescue One Financial Hit with Class Action Suit by Howard Law

                  Hello I Am Suing You words on a name tag sticker informing that someone is bringing a lawsuit against you in a court of law

                  While working on another article I came across the case below. I’ve written articles recently about debt relief companies and the exposure of Telephone Consumer Protection Act claims. Michael Perri v. Rescue 1 Financial “1. Defendant Rescue 1 Financial, LLC (“Defendant” or “Rescue 1”) is a national financial services company that focuses on consumer debt management such as: debt settlement, ... Read More »

                    Is Howard Law a Victim in the Morgan Drexen Case?

                    Courthouse

                    Rather than rehash the relationship between Howard Law and Morgan Drexen, click on the links to their names for the backstory. Recent court documents present an argument by Howard Law that the CFPB action and closure of Morgan Drexen should not involve them or their clients. “When the CFPB initiated the underlying action (the “Action”) against Morgan Drexen, Inc. (“Morgan ... Read More »

                      Walter Ledda, Working as Temp in Poland, Caught By Surprise in Morgan Drexen Case

                      The actual granular data presents a surprising reality.

                      New public documents filed in the Morgan Drexen case paint a picture of Walter Ledda caught by surprise by the turn of events. These excerpts are from the documents shown with the source link. You can click on those documents to read the full original filing. In the first document, Ledda represents the recent CFPB action caught him by surprise. ... Read More »

                        World Law and Orion Processing – Raided – Frozen

                        afraid alone

                        Last week the CFPB raided Orion Processing’s headquarters after obtaining a search warrant. The CFPB filed a complaint last Monday, and obtained a Temporary Restraining Order (TRO) last Tuesday, which was under seal until late yesterday. With the TRO, the CFPB also obtained an asset freeze on all of the defendants’ assets. The defendants include Orion Processing, Derin Scott, David ... Read More »

                          Morgan Drexen Bankruptcy Update for August 25, 2015

                          Bankruptcy Road Sign

                          As part of the public record, the bankruptcy trustee in the Morgan Drexen bankruptcy has just posted a very interesting update. The document was filed on August 24, 2015 and here is what it says. The Trustee states the Morgan Drexen business has been wound up and 15,000 letters were sent to “Affected Customers” notifying them of the facts surrounding ... Read More »

                            No Big Changes Seen in Debt Relief Sales

                            Nr. 61

                            For debt relief companies who sell services to consumers with unsecured debt, new data out from TransUnion says demand for debt relief services should remain relatively flat. “The credit card delinquency rate (the ratio of borrowers 90 days or more delinquent on their general purpose credit cards) remained steady at 1.19% in Q2 2015. The delinquency rate was relatively unchanged ... Read More »

                              Recent Job Postings for Debt Relief Experience

                              job-search-expenses

                              Here are some current job posting in the debt settlement industry that I found. Student Zoom Debt Settlement Sales Representative Student Zoom, LLC – San Diego, CA $1,600 a month Hello, We’re looking for a highly motivated salesperson with experience selling Debt Settlement preferably through Freedom Debt Relief or DMB. Our ideal candidate is someone who enjoys helping others, is ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.You can unsubscribe at any time with just one click.After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

                                I promise to keep your email safe and secure.