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Debt Relief Industry

CCR Article Brings New Life Financial Services Back to Life

money down the drain

I just love the Collections & Credit Risk magazine and website. Those folks over there hold no punches when it comes to the collections and debt relief industry problems. A recent article by Darren Waggoner reminded me of a string of past events surrounding a debt relief company New Life Financial that had been operating someplace out of the U.S. ... Read More »

    Michael Harper Appears to Toss Greenspoon Marder Under Bus to CFPB

    news-hot

    In this case against an alleged mortgage relief enterprise that just gets stranger and strange, Defendant Michael Harper has adopted a new approach, throw law firm Greenspoon Marder under the bus. The case filed by the Florida Attorney General and Consumer Financial Protection Bureau against Hoffman Law Group some involved recently resulted in a long and strange tale by the ... Read More »

      Illinois Finds Fault with Mortgage Assistance Attorneys Aleman and Macey

      Screen Shot 2014-09-22 at 3.34.45 PM

      A tipster (send in your tips here) just sent in a document which was filed on August 28, 2014 regarding the activities of Jeffrey Aleman and Thomas Macey or Legal Helpers fame. The Illinois Attorney Registration and Disciplinary Commission came to the opinion that Macey and Aleman had violated a number of Illinois attorney rules. However it does not appear ... Read More »

        CFPB Now Accepting Complaints on Debt Relief and Credit Repair Services

        cfpb

        Who knows, the Consumer Financial Protection Bureau (CFPB) might have started this a while ago but in doing a bit of research for another article I noticed they are now specifically accepting complaints from consumers regarding credit repair and debt reduction services. It seems their category of “Debt Settlement” would also apply to any intervention between a consumer and creditor ... Read More »

          Debt Relief Soap Opera – Michael Harper, Hoffman Law Group, Greenspoon Marder

          Mark Bernet Receiver

          Up till now the most bizarre debt relief related lawsuit I had seen was this one which included the “Charlatan,” “Felon,” and “Architect.” But this court document sent to me has to either being the most bizarre of 2014 or be in top contention for debt relief lawsuit honors. It seems to be a soap opera of a bunch of ... Read More »

            More Debt Relief Providers Running Up Against CT

            connecticut

            For years I’ve said that if you are offering debt relief services in Connecticut, you should get licensed. The State has just announced the latest crop of companies that caught their attention. While I’ve always hoped these public disclosures would encourage debt relief companies to register, not all pay attention. It appears these folks didn’t get the message. On August ... Read More »

              HDRP Funding – National Hardship and Debt Relief Program

              img_18551

              An amazing reader Denise sent in a new debt relief mailer through my I Buy Junk Mail program. She received a mailer from HDRP Funding Department for something called the National Hardship and Debt Relief Program which they abbreviate as HDRP. It was sent from postal permit 507 in Santa Ana, California. The back of the check contains handwriting, presumed ... Read More »

                More Debt Settlement Companies Added to The Scott Law Group List

                law books

                The Scott Law Group, who went after a number of debt relief companies over the past few years, has added some new names to their list of current companies they are involved with. They’ve added Consumer Legal Services America, Debt Aid Processing, and National Credit Assistance. – Source The full list of companies can be found here. Read More »

                  Debt Relief Companies Doing Telemarketing to Face Higher Fees

                  ftc

                  The Federal Trade Commission is getting ready to announce an increase in fees for companies performing telemarketing under the Telemarketing Sales Rules The cost to access the Do-Not-Call Registry to screen telephone numbers is going to increase to $60 per area code. The maximum fee that can be charged is increasing to $16,228. Read More »

                    Debt Relief Providers Still Crying From Low Delinquencies

                    cc delinquency

                    According to the credit reporting agency TransUnion, credit card delinquency has hit a seven year low. That’s good for consumer but not so good for credit counseling, debt settlement, or bankruptcy providers. The national credit card delinquency rate declined to its lowest level in at least seven years, dropping from 1.27% in Q2 2013 to 1.16% in Q2 2014. The ... Read More »

                      Federal Student Loan Notice Mailer Review

                      Click image for larger view.

                      An amazing reader Alicia sent in a new debt relief mailer through my I Buy Junk Mail program. Alicia received a mailer from good old postal permit 1297 in Sacramento, California which promises some amazing student loan benefits including total loan forgiveness. The outsides of the mailer does not say who the sender actually is and my opinion is it ... Read More »

                        United Debt Services Sends Official Notice Mailer That Makes Odd Sounding Statement

                        UDS Mailer Inside

                        An amazing reader Karen sent in a new debt relief mailer through my I Buy Junk Mail program. Karen lives in Alabama where she received this mailer for debt help from United Debt Services. The outside of the mailer says Official Notice and does not give the name of the company on the outside. It seems I’ve written about United ... Read More »

                          BS CBAP Consumer Balance Assistance Program Mailer

                          CBAP Inside

                          An amazing reader Michael sent in a new debt relief mailer through my I Buy Junk Mail program. This mailer comes from something called the Consumer Balance Assistance Program (CBAP). The self mailer looks like an official document on the outside. At least it looks that way to me. The inside of the mailer has a fake check attached. While ... Read More »

                            Consumers Shedding Problem Debt Less and Less

                            graph

                            The latest round of bankruptcy filing numbers is out and it paints a picture many in the debt relief industry see firsthand, a decrease in demand for debt relief services. Since the debt relief industry fails to provide any specific numbers about consumer demand, the best measure we have is to use the U.S. Courts bankruptcy filing numbers as a ... Read More »

                              Yet Another Bullshit Debt Relief Mailer From Anonymous

                              2014-07-26 13.03.34

                              Thanks to an awesome reader who received this recent debt relief mailer, I can share it with you. Just when you thought the debt settlement industry had cleaned up their act and was flying right, or at least a lot more level, comes this mailer. Again we have the standard deceptive mailer that appears to pretend to be an official ... Read More »

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