Latest Posts
Home > Debt Relief Industry (page 32)

Debt Relief Industry

Wow. HomeStreet Bank and American Financial Solutions Don’t Seem to Understand Debt Settlement, At All

A reader brought my attention to a press release sent out by HomeStree Bank in Hawaii and the nonprofit credit counseling group American Financial Solutions. One thing is clear after I read the release is either those two companies don’t understand how debt settlement works at all or the person that wrote the press release is not all that informed. ... Read More »

    Nonprofit 501(c)3 Credit Counseling Group Kind of Offering Debt Settlement

    Screen Shot 2012-05-11 at 10.19.35 AM

    It seems like it’s been several years now since I first started talking about the need for nonprofit credit counseling groups to offer debt settlement as a tool they can use to assist consumers with. A reader sent me an email and pointed out that Community Credit Counseling Corporation out of New Jersey is now doing that openly. Apparently they ... Read More »

      Brookstone Law Mailer. The Line Between Clever Advertising and Too Much.

      Screen Shot 2012-05-10 at 9.02.30 AM

      A reader shared the following mailer from Brookstone Law. In the past I have been very critical of attorney mailers selling real estate related services that appeared to be official government looking forms or notices. Those forms did not disclose they were attorney advertising and some even had official looking government seals and logos. This mailer from Brookstone Law raises ... Read More »

        Debt Relief Companies Registered in Colorado Shows Little Registration Activity

        A reader and tipster (send in your tips here) sent in a current list of debt management companies that are registered to offer debt management services. What surprised me in looking over the list was how few registrations there actually were, in the past 16 months, since January 1, 2011. The list of providers says only the following companies have ... Read More »

          Nova Scotia, Canada Debt Settlement Protection Act

          Nova Scotia has introduced the Debt Settlement Protection Act and it had the first reading on April 26, 2012. The act states: Be it enacted by the Governor and Assembly as follows: 1 This Act may be cited as the Debt Settlement Protection Act. 2 In this Act, (a) “agent” means a person employed, appointed or authorized by a debt ... Read More »

            Texas Man Sentenced to Jail for Foreclosure Rescue Scam

            An Austin, Texas, man was sentenced yesterday in the Western District of Texas to 61 months in prison and was ordered to forfeit $84,010 for his role in operating a foreclosure-rescue scam in Southern California and elsewhere that charged distressed homeowners fees in exchange for fraudulently delaying foreclosure sales. Frederic Alan Gladle, 53, was sentenced by U.S. District Judge Lee ... Read More »

              Debt Relief Options – What In The World is Going On?

              Screen Shot 2012-05-04 at 9.25.34 AM

              A couple of loyal readers sent me in tips about a recent press release by Debt Relief Options (DebtReliefOptions.com) out of Frisco, Texas. Both readers wanted to point out the $100,000 sweepstakes Debt Relief Options was offering and one made the point Debt Relief Options appears to not be registered to do business in Texas, which is an interesting point ... Read More »

                Debt Relief Law Center Attorney Takes Cash to Modify Mortgages and Gets Disbarred Instead

                A Los Angeles attorney accused of misappropriating $1.1 million from 10 clients has agreed to be disbarred, the State Bar announced Wednesday. In one of the largest misappropriation cases ever handled by the Office of Chief Trial Counsel, Vafa Allan Khoshbin [bar# 165486], 52, had promised clients he could get their first mortgages modified and their second mortgages settled for ... Read More »

                  That’s Weird. Lloyd Ward Law Website Now Sells New York City Hotel Rooms

                  Screen Shot 2012-05-02 at 10.23.08 AM

                  Previously I wrote about a website, LloydWardLaw.com, that was about promoting apparent mass joinder marketing for Dallas, Texas attorney, Lloyd Ward and law firm Lloyd Ward & Associates. You can see a previous view of that site here. So imagine my surprise when I just got a tip the content on that site that promoted Texas attorney Lloyd Ward had ... Read More »

                    Bear Hunt Excuse Used in Update to Most Bizarre Debt Industry Lawsuit

                    In March I wrote about the most bizarre debt industry lawsuit of the year. It involved Lloyd Regner and Kevin Devoto, guys that had a relationship with Lloyd Ward. In the last article on this matter, which is a must read, the case against Devoto and others by Regner was laid out. The case involved characters identified as “Convict”, “Charlatan”, ... Read More »

                      Settlement Reached in The Mortgage Law Group and Underwater Property Solutions Suit by Arizona AG

                      Arizona Attorney General Tom Horne has reached a settlement with Underwater Property Solutions, LLC (“UPS”), a Scottsdale, Arizona based mortgage loan modification service company that the State accused, in a consumer fraud lawsuit, of participating in a deceptive scheme designed to collect advance fees from consumers looking for assistance in obtaining mortgage loan modifications. In nearly all cases, it is ... Read More »

                        Legal Helpers Debt Resolution Sues Global Client Solutions. Bloom Off That Rose.

                        Screen Shot 2012-04-27 at 4.14.59 PM

                        On April 23, 2012 Legal Helpers Debt Resolution filed suit against Global Client Solutions and CDS Client Services. in Illinois. It’s just so amazing how far the once loving relationship between Legal Helpers and Global Client Solutions has changed. At one point people were concerned Global Client Solutions may have been bending over backwards to assist Legal Helpers Debt Resolution ... Read More »

                          Office of Fair Trading in UK Issues New Rules for Debt Relief Providers

                          Ready to Collapse

                          The Office of Fair Trading (OFT) in the UK has recently issued new rules that govern the delivery of debt relief assistance in the UK. Under these new rules a number of items are considered to be unfair or improper business practices. The OFT stated: Businesses specialising in ‘lead generation’ use various marketing methods to generate leads, particularly online via ... Read More »

                            Current List of Debt Settlement Companies Licensed in Maryland

                            Ready to Collapse

                            According to the Maryland Division of Financial Regulation, the following companies are the only ones licensed to offer debt settlement services in Maryland under the new debt settlement law. This list is effective April 19, 2012. Freedom Debt Relief 1875 S. Grant Street, Suite 450 San Mateo, CA 94402-2676 CareOne Services, Inc. 8993 Stanford Boulevard Columbia, Maryland 21045 Debt Relief ... Read More »

                              Nationwide Asset Services in Bankruptcy to Sell Client Accounts

                              Screen Shot 2012-04-23 at 1.28.49 PM

                              A tipster (send in your tips here) sent me the following message: NAS has recently declared bankruptcy and has been ordered to sell their accounts. They don’t tell their customers, but any that are not sold by the deadline will be s.o.l. They tried to sell them to their other company, FCS, but are not able to. I deciphered that ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                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.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.