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Debt Relief Industry

Take Charge America Lays Off Substantial Staff

Yesterday I received a message from a tipster (send in your tips here) that said: Due to the lawsuit and actions taken by the suit against TCA they on 3-13 completed mass layoff of over 50% over their workforce, down sizing mainly the new accounts departments. Many feel this may only be the first cut. And today I learned an ... Read More »

    Precision Law Center Disappearance Solved. FTC Took Action.

    Thanks to a tipster (send in your tips here) the mystery about what happened to Precision Law Center is not solved. According to the Precision Law Receivership site: On March 5, 2012, the Federal Trade Commission filed an action against Defendants Sameer Lakhany, The Credit Chop, LLC, Fidelity Legal Services LLC, Titanium Realty Inc., Precision Law Center, Inc., and Precision ... Read More »

      FTC to Pursue Other Options in Debt Settlement Case Loss in Texas

      Ready to Collapse

      Under the heading of “wow that was fast,” I’ve already received a response from the Federal Trade Commission to their recent loss in a Texas Federal Court in their case filed against Freedom Financial Processing, Debt Professionals of America, Debt Consultants of America, Robert Creel, Corey Butcher, and Nikki Creel. In that case, which you can read more about here ... Read More »

        Court Issues Unfavorable Decision to FTC in Debt Settlement Performance Claims Suit

        A court in Texas a just issued an opinion that appears to fly in the face of the FTC Telemarketing sales rules claims about debt settlement program performance statements. On March 12, 2012, Judge David Godbey issued the following opinion in the case involving Freedom Financial Processing, Debt Professionals of America, Debt Consultants of America, Robert Creel, Corey Butcher, and ... Read More »

          Slow Spring Predicted for Debt Relief 2012

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          With the clocks just adjusted for spring it’s a good time to remind all of those in the debt relief space that the traditional spring slowdown is upon us., or at least it feels like that to me. This time of year has always had a decreased demand for debt relief services. My best guess has always been that many ... Read More »

            Camden Debt Solutions = Jordan Olsen and Ashley Eichelberger. What the Hell is Going On?

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            The other day in an article I wrote, “Receiver Asked to be Appointed in TX to Collect Judgment Against Lloyd Ward Judgment Debtors” there was a mention at the very end about a company called Camden Debt Solutions. Later the background information arrived that I had initiated in researching that piece. What just flat out surprised me is that the ... Read More »

              Why Does Golden Financial Services Still Claim an A+ BBB Rating When They Don’t Have It?

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              A tipster (send in your tips here) send in an email they’ve recently received from Paul Paquin that claims the company has an A+ BBB rating. But here’s the catch, the company, Golden Financial Services, appears to currently have no BBB rating. Here is the marketing email that was sent out and forwarded to me. I hope this email finds ... Read More »

                An Open Letter to Lloyd Ward and Amanda Ward

                Photo Credit: Kaptain Kobold

                Dear Lloyd Ward, Esq. and Amanda Ward, Yesterday I published a new story that named you both and your debt relief related affiliated companies you either own, have an interest in, or work for. You can find that story here. I just wanted to be clear for the public record that I truly hold no animosity or grudge against you, ... Read More »

                  Receiver Asked to be Appointed in TX to Collect Judgment Against Lloyd Ward Judgment Debtors

                  Screen Shot 2012-03-04 at 10.40.37 AM

                  A tipster (send in your tips here) sent me a copy of documents filed on March 1, 2012 in a case Kelly Hawkins v. Lloyd Ward, Lloyd Ward, PC, Lloyd Ward & Associates, and Lloyd Ward Group, PC. The case was originally filed in Kansas. The Texas application for turnover relief and appointment of a turnover receiver was filed by ... Read More »

                    Integrity Debt Solutions – Let’s Play “Do They Comply?”

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                    A reader brought the following page to my attention. It was presented to Texas residents apparently. If you’ve never played “Do They Comply” before, here is how it works. We take a look at the company information and vote in the comments below if the company appears to be complying with applicable rules and regulations in their advertising, etc. I’ve ... Read More »

                      Financial Fraud Enforcement Task Force – StopFraud.gov

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                      The Financial Fraud Enforcement Task Force website, which can be found at StopFraud.gov, is comprised of senior-level officials from a broad number of federal financial and criminal investigative agencies. While this is not a brand new agency, with the continued focus on consumers and financial fraud, it’s one that you should be aware of. With more than 20 federal agencies, ... Read More »

                        RIMS – Radiology Images Made Simple. New Home for Tim McCallan and Tom Roland

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                        A tipster (send in your tips here) sent me a message that troubled AmeriCorp company owner Tim McCallan and Tom Roland have embarked on a new endeavor outside of debt relief. This time it’s medical imaging. The new company, Radiology Images Made Simple, Inc is registered at 135 Crossways Park Drive, #203, Woodbury, NY 11797. Coincidently that happens to be ... Read More »

                          CFPB Lays Out What It Will Look For as an Abusive or Deceptive Practice

                          Ready to Collapse

                          The Consumer Financial Protection Bureau (CFPB) has released material which lays out how it will investigate and/or identify unfair, deceptive or abusive acts and practices. This has a serious impact on the entire debt relief industry, non-profits included. The rules and regulations, to me, appear to be clear that the underlying issue is if the material and activities by the ... Read More »

                            Hero Reader Sends in More Evidence of B.S. 2010 U.S. Stimulus Plan

                            scam1

                            A reader and tipster (send in your tips here) just sent me this ridiculous example of a deceptive debt relief mailer. I’ve previously published examples of the 2010 U.S. Stimulus Plan mailer that has been sent out but what makes this so ridiculous is that the same consumer gets the same mailer about a week apart, both proclaiming this is ... Read More »

                              Nationwide Referral Services Says Sharing Fees With Lawyers for Debt Settlement Fees is Illegal

                              A reader sent me a tip that a case between Safeguard Support Services and Legal Helpers Debt Resolution in Florida was still ongoing but in talks to settle. I’ve written about the case before. See Legal Helpers Debt Resolution Accused of Orchestrating Conspiracy by Safeguard. The reader said: The other and most recent has both sides mutually filing with the ... Read More »

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