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Debt Relief Industry

CareOne Debt Relief Services and CredAbility Could Have Saved Money on Logo Development

CareOne-CredAbility

I’m aware of a recent big effort by CareOne Debt Relief Services to change their logo and branding. Personally I thought the old one was just fine but whatever. I didn’t realize until just now how much their new logo looks like the logo for the credit counseling group CredAbility. I wonder how many focus groups you need to develop ... Read More »

    American Fair Credit Council Names Persolvo Officer to Board

    Ready to Collapse

    Persolvo Data Systems, a leading provider of web-based settlement software and analytics tools designed to locate, identify and settle accounts enrolled in debt settlement programs, announced today that The American Fair Credit Council (AFCC), the leading association of consumer credit has named Teresa Dodson, Chief Operating Officer of Persolvo, to its executive board. Ms. Dodson brings to the Council her ... Read More »

      Credit Card Delinquencies Fall by End of 2011

      MOD-18552_FS-2011_Q4_CreditCardInfographics

      The national credit card delinquency rate (the ratio of borrowers 90 or more days past due) reached 0.78% in the fourth quarter of 2011, a drop of almost 5% from the same period one year ago and continuing well below historical norms. Not great news for debt relief providers. Average credit card debt per borrower increased $239 from the same ... Read More »

        Consumer Law Group Sued by Florida Attorney General as a Debt Settlement Loopholer

        A tipster (send in your tips here) just sent me a copy of a recent case filed by the Attorney General of Florida against Consumer Law Group, Michael Metzner, David Ran Barnea, Ran Barnea, and Daniel Post. This seems to be an excellent case of the advanced fee debt settlement legal model, unraveling. It was not all that long ago ... Read More »

          ExcelDebt Relief Makes Big Claims in Press Release

          ExcelDebt Relief put out the following press release yesterday that I thought you’d find interesting. What caught my eye immediately was the claim: ExcelDebt Relief works to “consolidate your credit cards into one low monthly payment and be debt free in twelve to eighteen months without high interest rates,” explains Grace Collins, spokesperson for ExcelDebt Relief. Does anyone else think ... Read More »

            How Do I Respond to a Complaint Made About My Company on GetOutOfDebt.org? – Thomas

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            Your site says someone tried to contact me about a response to a complaint about my company… I dont have anything from anyone, I respond to all complaints, have nothing to hide and have always rectified every situation. Can you send me what ever it is I need to respond to the complaint, I dont know who is making it. ... Read More »

              All About Consumer Recovery Network

              Screen Shot 2012-02-12 at 4.29.12 PM

              Company Name Consumer Recovery Network Owners/Managers Michael Bovee – CRN President Physical Street Address 110 Main Suite A Sandpoint, Idaho 83864 Contact Information 800-939-8357 info@consumerrecoverynetwork.com Website consumerrecoverynetwork.com Description of Services Provided We provide detailed information to those struggling with debt. The comprehensive upfront debt and credit education is supplemented with ongoing information delivered throughout our subscribers experience, and further enhanced ... Read More »

                Silverthorn & Lupolover Advanced Fee Canadian Debt Settlement Contract Review

                Silverthorn & Lupolover Contact2

                A reader has sent in a contract for advanced fee debt settlement services from Silverthorn & Lupolover, LLP in Canada. I thought it would be interesting to take a look at what is being sold in Canada with this partnership of an American and Canadian attorney firm Mark Silverthorn – Canada and Michael Lupolover – U.S.). The copy of the ... Read More »

                  Citizens’ Debt Settlement Fund Pays to Settle Debts of Citizens in UAE

                  UAE President

                  President His Highness Sheikh Khalifa bin Zayed Al Nahyan of the United Arab Emirates has just announced a national $2,722,600,000 fund for low-income debtors to use to settle their debts with a number of UAE and Dubai lenders. This fund will allow people to be able to settle their debts rather than face prosecution and jail time as they have ... Read More »

                    SpringCoin Rolls Out Automated Debt Advice and Debt Relief Coach System

                    Best Debt Management Program, Personal, Software, Strategy, Financial (20120208)

                    A reader just sent in this recent press release to share with readers. At $35 a month, if this software lives up to it’s hype and promises it could radically change the debt relief landscape as we know it today. The key is going to be in the operation and how tightly it is integrated into MasterCard RPPS for debt ... Read More »

                      Debt Relief Information and Innovation – Helping Companies Help Their Customers

                      One of, if not the largest shortcoming that exists in the current system designed to provide people struggling with debt an alternative to bankruptcy is – Information. That we have come through the “information age” and fallen short of including more of it in professional debt relief products and servicing is a failing that can and should be fixed. A ... Read More »

                        A American Debt Consolidation Hit by Louisiana for Missing Bond

                        A cease-and-desist order has been issued for A American Debt Consolidation on Center Street in New Iberia for allegedly failing to provide the necessary $100,000 bond required for credit repair companies by state law. The order was issued on Jan. 24 by the Louisiana Department of Justice, Office of the Attorney General, Public Protection Division, Consumer Protection Section. The business ... Read More »

                          Robby Birnbaum Provides Interesting Review of What Went Wrong With U.S. Debt Settlement Industry

                          Robby Birnbaum, a lawyer with the law firm Greenspoon Marder and an executive with both TASC (The Association of Settlement Companies) and AFCC (American Fair Credit Council) recently participated in an enlightening interview with Richard Cooper from Total Debt Freedom in Canada. Putting the interview into context, with the lobbying and pushing back TASC engaged in against regulation for the ... Read More »

                            Housing Counselor Sentenced to 72 Months in Jail for Stealing Money to Pay Her Mortgage

                            Nonprofit housing counselors Lori Macakanja, 35, of Dunkirk, New York, was convicted of mail fraud and theft of government money, was sentenced to 72 months in prison and three years supervised release and ordered to pay $298,639 in restitution to victims. Assistant U.S. Attorney Trini Ross, who handled the case, stated that Macakanja, in her capacity as a housing counselor ... Read More »

                              Persels & Associates Named in Georgia Class Action With Host of Major Players in Debt Relief

                              On January 28, 2012 Carla Broyles, Charity Miaco and Melba Walker filed a class action lawsuit in Georgia against Persels & Associates, Ruther & Associates, Freedom Debt Relief, Consumer Law Associates, Amerix, Careone Services, Tiffany Rowe. The suit states it covers all Georgia resident debtors who have done business with Defendants since July 2003 to the present for violations of ... Read More »

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