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Debt Relief Industry

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

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A couple of loyal readers sent me in tips about a recent press release by Debt Relief Options ( 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

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      Previously I wrote about a website,, 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.

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            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

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                  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 »

                    FTC Goes After Another Alleged Collection Enterprise That Threatened Consumers and Offered Debt Reduction Services

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                    The Federal Trade Commission recently filed suit against Pro Credit Group, Brett Fisher, Sanders Legal Group, Sanders Law, Andre Sanders, My Success Track, Consumer Credit Group, Dale Robinson, William Balsamo and First Financial Asset Services. According to the FTC court documents, the defendants operated a common enterprise while engaging in deceptive acts and practices. They used an interrelated network of ... Read More »

                      Bankruptcy Court Not In Love With Attorney Loophole Debt Settlement. It’s a Duck.


                      A recent memorandum opinion from Kansas in the United States Bankruptcy Court against Persels and Associates and attorney Stan Goodwin didn’t probably wind up how Persels would have wanted it to. The summary of the opinion is intriguing and clear. The United States Chief Bankruptcy Judge, Robert Nugent, says: If it walks like a duck and swims like a duck ... Read More »

                        Amazing How Hypocritical You Are Steve Rhode


                        Someone just posted the following comment, on a post about Lloyd Ward, which actually creates a perfect segue for me to finally write an article I’ve had percolating for some time. While some of the claims made by the commenter are skewed, it is true that back in the early 2000s the non-profit group that I ran did charge some ... Read More »

                          Scott Law Group Debt Settlement Litigation List Contains Some New Companies

                          The Scott Law Group in Washington State has been VERY active in going after debt settlement companies that allegedly injure consumers. It appears some new companies have been added to their list of current litigation, The new companies include FBL Associates, Lifeguard Financial, Please Reduce My Debt, and Think Outside the Box Solutions. – Source Here is the current list ... Read More »

                            Connecticut Forces Global Client Solutions to Make Sure Debt Settlement Companies Are Really Licensed

                            Global Client Solutions, one of the major escrow companies that handles funds for debt settlement clients, was charged with being an unlicensed money transmitter by the state of Connecticut and then entered into a consent order to resolve the issue. According to the records, on November 30, 2011 Global Client Solutions received a cease and desist letter from the state ... Read More »

                              Oh Dear – Debt Help and Answers Site Needs Help

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                              Someone asked me to look at, and so I did. Clearly what we have here is a small player who is trying to attract potential customers. The site appears to be for a Marcella Hill. My clients are everyday American’s who are facing financial crisis due to the current economy and personal hardships. My clients are served by me, ... Read More »

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