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Debt Relief Industry

FTC Slams Shut Operations of Debt Relief Marketers We’ve Written About

Today the Federal Trade Commission announced actions against a number of debt relief companies. Ironically, one was BlackRock Professional Corporation that I wrote about last week, here. Another was Jackson Hunter Morris & Knight, which we’ve written about here. Also named in the action are Nelson Gamble & Associates, which we’ve written about here. The FTC complaint and Temporary Restraining ... Read More »

    Debt Relief Industry Not the Only Ones in the Income Toilet

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    I saw this graph on the newspaper advertising business and it reminded me of what a graph of the debt relief business revenue would look like. Since the start of the economic crisis the demand and need for debt relief services, other than bankruptcy, has been declining. And while different factions of the debt relief industry point fingers at what ... Read More »

      Consumer First Legal Group Concerns Raised by Reader

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      We recently received a tip from a reader that made some claims about Consumer First Legal Group. The tipster (send in your tips here) said: “im sure you already have the jump on a few things. but in case you dont LHDR – The Mortgage Law Group now go by “Consumer First Legal Group”. They are playing the shell game ... Read More »

        Another Door Closes for Attorney Loophole Debt Settlement. Persels & Associates Gets a No in CT.

        The State of Connecticut Department of Banking has issued a very interesting declaratory ruling in the matter of Persels & Associates. I find it interesting because it is yet another example of how attorneys might not have such a “free pass” when it comes to offering debt settlement services all across the country. In this case the Persels & Associates ... Read More »

          Connecticut Goes After an August Crop of Debt Relief Providers, Including Lawyers

          I’ve said if before but the one state debt relief providers don’t want to mess with is Connecticut. Their Department of Banking is probably the leading department in the entire country for going after debt relief providers. I think what is obvious from this recent class of Connecticut students is that simply being a lawyer does not give you a ... Read More »

            Revolving Debt Falls Again in July. Increasing Obligations a Major Concern.

            Non-Revolving Consumer Debt 199-2011

            The latest Federal Reserve report out shows revolving credit card debt fell for the second straight month. In July, 2012 the amount of revolving debt consumers carry declined by 6.8 percent or about $5 billion. Of course the concern in the debt relief industry is that declining unsecured consumer debt means the likelihood of a slower demand for debt relief ... Read More »

              AFCC Just as Peeved About Uninformed DOJ Position on Debt Settlement

              On August 16th I wrote about a Department of Justice blog post about debt settlement that was, let’s politically say, perplexing. Ah what the hell, it was just plain old fucked up. The Department of Justice made some very uninformed statements about debt settlement, like “Fraudulent debt relief companies will often make claims of being able to negotiate a one-time ... Read More »

                Lloyd Ward Accused of of Gross Legal Malpractice by The Debt Answer and ABC Debt Relief: Update to Most Bizarre Debt Relief Suit of the Year

                Not that long ago I published a story about the most bizarre debt relief lawsuit of the year where Lloyd Regner and The Debt Answer, among others, were suing his ex-partner Kevin Devoto and Dallas attorney Lloyd Ward. A tipster (send in your tips here) sent in a copy of a newly filed amended complaint in the matter. Much of ... Read More »

                  World Law Debt Allegedly Sends Mailer That Leads to This Horrible Sales Call and Apple Law Group. Listen.

                  badad1

                  A reader received the following mailer and was concerned about the promises made. You know, at some point, after years of covering these things it feels like it will never end. It’s just one deceptive and misleading mailer sent after another. I begrudgingly picked up the phone and called the number on the “Resolution Pending” mailer and it was answered ... Read More »

                    Reader Sends in Deceptive Debt Relief Official Looking Mailer That Leads to World Law Group

                    badadcover

                    Apparently the use of deceptive marketing mailers is still ongoing. A reader just sent in a copy of a mailer they received recently that appears to be an official government looking document promising some sort of official government debt relief. The reader also said, the mailer does not identify the company. Notice it has a government seal in the upper ... Read More »

                      Not Passing Out Credit Like Water Holds Back Economic Recovery

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                      A new report out today from the Federal Reserve Bank of San Francisco makes a conclusion is apparently obvious to those of familiar with how the consumer debt relief world works, without a flood of available credit, consumers are not going to drive the economy forward. “A key ingredient of an economic recovery is a pickup in household spending supported ... Read More »

                        Debt Relief Job Board for Credit Counseling, Debt Settlement and Bankruptcy Positions

                        Ready to Collapse

                        Are you in the debt relief industry and interested in a new or better job? Over here at GetOutOfDebt.org we not only write about the debt relief industry, and sure sometimes we are critical about it, but there are a lot of good people in the industry that are looking for a new or higher paying jobs and searching for ... Read More »

                          State Law Group Appears in the Connecticut Time Out Corner

                          New update from Connecticut today on another debt relief company. State Law Group is a purported California professional law corporation with offices, at various times, at 1740 E. Garry Avenue, Suite 221, Santa Ana, California; 4533 MacArthur Boulevard, Suite 1000, Newport Beach, California; 4533 MacArthur Boulevard, Suite 537, Newport Beach, California; and 1720 E. Garry Avenue, Suite 111, Santa Ana, ... Read More »

                            Persels & Associates Appears to Discover Millions of Dollars. CareOne Facing Bankruptcy?

                            Back in September, 2011 a class action lawsuit in Florida resulted in a very disappointing settlement for consumers. Basically consumers received no compensation and lost their rights, (here). People complained about the proposed and final settlement but to no avail. In the Florida case Neil Ruther from Persels & Associates said they could not fund a big settlement. “In order ... Read More »

                              Department of Justice Makes Very Strange Claims About Debt Settlement & Credit Counseling

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                              A reader brought to my attention today a post by the Department of Justice about debt relief. While I think the intention was to help protect consumers from debt relief scams, in this case they missed the mark entirely. The beginning of their blog post is reasonable and factual when they say, “These companies generally offer to settle a consumer’s ... Read More »

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