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Debt Relief Industry

Otto Berges and Consumer Protection Counsel Back in Court Again

puzzled looking little boy looking to the left

I previously published a story about an outfit out of Florida being challenged in court over allegations they were selling credit repair services. See this story. Well some of the same players are back in it again. This new suit names Berges Law Group, Otto Berges, Consumer Protection Counsel, Debt Be Gone, and Gregory Fishman. Well apparently a couple of ... Read More »

    Debt Free Student Runs Most Unbelievably Dumb Advertisement

    Screen Shot 2014-10-15 at 5.11.39 PM

    A reader forwarded an advertisement they saw on Facebook for a student loan assistance company called Debt Free Student. Apparently they didn’t get the memo on using President Obama likeness in debt relief advertising. I’m sure the FTC is going to love seeing this one. Debt Free Student says they are located at 1200 Main Street, Suite G, Irvine, CA ... Read More »

      Has Practical Debt Relief Gone Poof? Police Confirm Investigation.

      stressed man

      A tipster (send in your tips here) sent in the following statement: “Practical Debt Relief is gone. Around $250K was embezzled from the client accounts held by Global Client Solutions. The local police department are investigating which is Davie, Florida. Global Client Solution closed the accounts of all clients and sent them refunds and a letter explaining. If you call ... Read More »

        Details on Florida Bar Complaint Against Howard Feinmel

        Problem Solving Series

        The Florida Bar has sent me a copy of the complaint they recently filed against Florida attorney Howard Feinmel. I reported yesterday about the case. But today there are more facts available after reading the filed complaint. Right off the bat I found it intriguing the Florida Bar makes the statement, “Respondent has represented various persons and entities, including but ... Read More »

          Money Management International Accused in Kick-Backs in Class Action Settlement

          Young man looking shocked in tablet pc

          Now here is something you don’t get to witness often, if at all. Apparently there is a bit of disturbed blood milling about in the credit counseling world right now. In just doing some routine checking on activity I came across a very, very odd letter from the Association of Independent Consumer Credit Counseling Agencies (AICCCA) to the U.S. District ... Read More »

            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

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                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

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                        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. I can always ... 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. I can always use your help. If ... 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 »

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