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Debt Relief Industry

Primerica to Sell Debt Settlement for Freedom Financial Network. This is Going to Get Messy.

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Well it’s official. Primerica representatives are going to start promoting debt settlement for Freedom Financial network. The first public information on this was sent in by a reader. The Facebook announcement says: Imagine how it would feel to not worry about debt. Primerica is pleased to make Freedom Financial Network available to help you determine your best debt relief option ... Read More »

    Debt Settlement Advice for Debt Settlement Companies and Consumers – Part 1 – On Time with Payments

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    This is part 1 of a 7 part series covering debt settlement advice for both the debt settlement industry and consumers. Throughout this series, we will be taking an in depth view into the various aspects of debt settlement, their best practices, and their effects on consumers. Our first topic is about… Part 1. Enrolling into a Debt Settlement Program ... Read More »

      If U.S. Court Bankruptcy Video Can Say Debt Settlement Is an Option, Why Can’t Credit Counseling?

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      I was watching a video put out by the Federal Judiciary on the U.S. Courts site and was surprised when I saw they U.S. Courts listing debt settlement as an alternative to bankruptcy. The list also includes credit counseling, working with creditors (reduction in payments), and selling assets or debt consolidation loans to satisfy debts. What struck me is that ... Read More »

        New Government Figures Show Unsecured Debt Dropping

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        The latest Federal Reserve statistics are out for April, 2012 which show consumer credit increased at an annual rate of 3 percent in April. Revolving credit decreased at an annual rate of 4-3/4 percent, while nonrevolving credit increased at an annual rate of 7 percent. This is not good news for debt relief providers that typically only address unsecured debt ... Read More »

          Everest Debt Solutions, FDN Solutions, and Tim Daniels Settle With FTC

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          I’ve got to admit when I read the news of Everest Debt Solutions settling with the FTC over false and deceptive advertising claims I did say out loud, “I Told You So!” You see back in September of 2009 I answered a reader question “What Do You Think of Everest Debt Solutions? – Margo” and expressed my concerns over their ... Read More »

            Scott Law Group Updates Debt Settlement Companies They’ve Filed Against

            The Scott Law Group is very active in suing debt settlement companies in the State of Washington. Their litigation page now lists 59 debt settlement companies or related entities in active litigation. – Source They have recently added the following companies to their active litigation page. Debt Pay Gateway, Inc. Debt Pay, Inc. Fidelity Debt Solutions, LLC Global Debt Management, ... Read More »

              California Mortgage Modification Attorney Brian Walker – Disbarred

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              BRIAN ALAN WALKER [#206146], 42, of Fullerton was disbarred March 23, 2012, and was ordered to comply with rule 9.20 of the California Rules of Court. Walker stipulated to six counts of misconduct in 24 loan modification matters in which he allowed nonlawyers to run three businesses Walker had started. Prior to April 2008, Walker had a financial company, Walker ... Read More »

                National Distressed Asset Relief Program – DARP, It’s B.S. Watch Out.

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                A hero reader with a debt relief company sent in a recent mailer for National Distressed Asset Relief Program they received on behalf of a client. The mailer fine print says it is somehow related to a law firm but makes no mention of the firm. The claims in the mailer give the recipient the impression they have just received ... Read More »

                  DDS Debt Defense Services Still Up to Old Tactics

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                  A reader sent me in an email Jason Pestritto sent out from a company called DDS, who I believe to be Debt Defense Services. This email came from the same Phoenix Marketing Managers that I raised issues about in “Debt Dispute: Phoenix Marketing Managers Claim to Offer Next Big Debt Relief Product – Debt Defense Services.” And while the service ... Read More »

                    Attorney Shares Lessons Learned After Being Hired by Scam Debt Relief Company

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                    An attorney that will remain unnamed was brave enough to share their experience working for a debt relief company to help other attorneys that might consider doing the same thing. It’s a good example of what attorneys should watch out for to avoid getting into trouble. What I Learned From Being Hired by a Debt Relief Company This is a ... Read More »

                      Lloyd Ward, Amanda Ward, and More Named in Washington Class Action Suit

                      Dallas attorney Lloyd Ward who was very involved in the debt settlement business was recently hit with a class action suit in the State of Washington. The suit was filed by The Scott Law Group against Lloyd Ward & Associates, Lloyd Ward PC, The Lloyd Ward Group, Lloyd Ward, Amanda Ward (his wife), Silverleaf Debt Solutions, and Michael Miles. The ... Read More »

                        Creative Debt Solutions – Beware of These Apparent Idiots

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                        A reader brought a debt relief company to my attention, Creative Debt Solutions at creativedebtsolutions.org. Beware and watch out. I took a look at their site and I was very unhappy to find some of the previously discredited tactics being promoted on their site. Just when you thought stupid tricks like novation and unilateral terms on payments was finally tossed ... Read More »

                          United States Trustee Files More Allegations Against Morgan Drexen, Howard Law, Figueredo & Boutsis and Rosen & Wining

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                          Yesterday I wrote about a court filing by the United States Trustee against Morgan Drexen, Howard Law, Figueredo & Boutsis and Rosen & Wining. In that separate case you can read about here, some similar accusations were made as made in this case. On May 11, 2012 the United States Trustee, Donald F. Walton and United States Department of Justice ... Read More »

                            CC Brown Law, Fidelity Debt Solutions and Others Hit by Connecticut Department of Banking

                            The Connecticut Department of Banking is one busy department. A new wave of administrative orders and settlements is out again with some new debt industry participants named. Some readers may recognize some of the names instantly. One that caught my eye was CC Brown Law, that came up in a comment and was alleged to be indirectly related to a ... Read More »

                              Doug Van Arsdale and Credit Solutions Still In the Thick of It

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                              It seems that VD isn’t the only gift that keeps on giving. Apparently, running a debt relief company without a license does as well. Colorado Attorney General John Suthers just announced that his office has obtained a final agency order for civil penalties against Credit Solutions of America, LLC, a Dallas, Texas company, and Doug Van Arsdale, the company’s president, ... Read More »

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