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Debt Relief Industry

FTC Goes After DebtPro123 for General Debt Relief Bullshit

ftc

Over the years DebtPro123 has come up from time-to-time, but not like this. Yesterday the Federal Trade Commission made a bold move in the debt relief space. It surprised me because I thought they’d moved on to other things. Just feels like since the TSR the debt space has been cooling off. But it probably doesn’t feel like that over ... Read More »

    Perplexing Suit Filed Against Consumer Protection Counsel and Others

    questions

    A reader brought a recent lawsuit filed by Betty Bennett against Otto Berges, Berges Law Group, Consumer Protection Counsel, Debt Be Gone, Paralegal Staff Support, and United Legal Group. What had me scratching my head was the complaint says, “In or around September 2013, a person alleging to work for Defendant Consumer Protection Counsel contacted Ms. Bennett, offering to help ... Read More »

      Consumer Assistance Project, Back Office Law Project, and Law Office of Timothy McCabe Hit CT

      bitch slap copy

      For years now I’ve talked about how tough the state of Connecticut is with debt relief companies. Well today marks another page turn in that story. The State attempted to contact Consumer Assistance Project, Back Office Law Project, and the Law Office of Timothy McCabe, numerous times, over concerns of unlicensed debt adjusting or debt negotiation. And apparently the Consumer ... Read More »

        Education Loan Network Mailer Raises Concerns for Reader

        ELN Inside

        An amazing reader adalton sent in a new debt relief mailer through my I Buy Junk Mail program. The mailer if for an entity identified as Education Loan Network and mailed from postal permit 1297 in Sacramento, CA. The reader who submitted this mailer for review, said: “I noticed a couple red flags on this one: 1. This generically named ... Read More »

          Debt Settlement Attorney Files Bankruptcy

          Sagging Economy

          It what is the ultimate irony, another big debt settlement attorney has filed bankruptcy. The first I remember was Keith Nelms of Allegro Law fame. A tipster (send in your tips here) sent in a document to me that says now Lloyd Ward, the big Dallas based debt settlement attorney, has filed bankruptcy. According to the public documents, Ward filed ... Read More »

            The Scott Law Group Adds Lexxiom and The Iniguez Law Firm to List

            law books narrow

            The Scott Law Group out of Washington State has added two new companies to their list of companies they are pursuing. According to tracking, the firm added Lexxiom, Inc. and The Iniguez Law Firm, PC to their list here on April 17. Read More »

              Crazy Times for Legal Helpers and Macey Bankruptcy Law

              Women fighting

              Old dogs in the debt relief field will instantly recognize the names Legal Helpers and Macey Bankruptcy Law from the debt settlement heyday. A tipster (send in your tips here) brought to my attention that Macey Bankruptcy Law, Macey & Aleman, Legal Helpers, and Jacoby & Meyers Bankruptcy were all named in an involuntary bankruptcy filing by a handful of ... Read More »

                Reader Sends n Student Loan Relief Group Mailer That Concerns Her

                Screen Shot 2014-04-11 at 10.32.27 AM

                An amazing reader FTC Investigator sent in a new debt relief mailer through my I Buy Junk Mail program. The reader said this about the submission: “This is a very misleading letter as it states that I am eligible for the student loan reform act. It implies that there is some sort of government program that I have been pre-qualified ... Read More »

                  Scott Law Group Adds Financial Solutions Legal Center

                  begging

                  The law firm Scott Law Group out of Washington has added another debt relief company to their list of targets. Lynch Financial Services, Inc, which is also doing business as Financial Solutions Legal Center was recently added to the growing member list. How the Scott Law Group finds all these companies is beyond me. Read More »

                    Debt Settlement Exec Pleads Guilty to Criminal Charges and Looks at Jail

                    mans hands behind bars in jail or prison

                    A former attorney and day-to-day controller of a New York based debt settlement company pled guilty to criminal charges on Tuesday. Michael Levitis faces up to 10 years behind prison for ripping off consumers with his Mission Settlement Agency, and Alpha Debt Settlement. The United States of America pursued Levitis for mail fraud and wire fraud as part of the ... Read More »

                      Unsecured Consumer Debt Continues to Fall. Bad for Debt Relief Companies.

                      Dollar Bank Note Downward Trend Arrow

                      Another month has passed and the Federal Reserve has updated their latest stats. As predicted, the level of consumer debt fell in February at an annual rate of 3.4 percent. Unsecured debt has been the bread and butter of debt relief, debt settlement, and credit counseling companies and while the population grows and unsecured shrinks it puts significantly more pressure ... Read More »

                        Scott Law Group Adds GreenByPhone to List

                        law books

                        The Scott Law Group, that Washington state legal firm that has sued a number of debt relief companies, has added a new name to this big list, GreenByPhone, Inc. But apparently these folks were involved in an action with J Hass Group, a name debt relief industry people should recognize. According to the Scott Law Group: On March 14, 2014, ... Read More »

                          Consumer Assistance Project Not Loved by Connecticut

                          connecticut

                          Here is what the Connecticut Department of Banking says: IN THE MATTER OF: LAW OFFICES OF TIMOTHY MCCABE, P.A. (“McCabe”) CONSUMER ASSISTANCE PROJECT, CORP f/k/a BACK OFFICE LAW PROJECT, CORP (“Consumer Assistance Project”) McCabe is a former attorney with offices at 30 S. M. Street, Lake Worth, Florida, and 1350 E. Newport Center Drive, Suite 100, Deerfield Beach, Florida. Consumer ... Read More »

                            AmeriFree Says I Got It All Wrong

                            happy woman in wheelchair outdoors beach showing victory sign

                            In a recent article “Why Isn’t AmeriFree Licensed in Their Own State?” a reader asked why AmeriFree did not appear to be registered to offer debt relief services in Arizona. As I said in the article, I had previously reached out to AmeriFree for a statement or response and heard nothing. Well today I have. A John Corey said, “AmeriFree ... Read More »

                              Continued Downward Pressure In Debt Relief Demand

                              Mature woman confused

                              The latest round of statistics is out showing what consumers are doing when it comes to debt. On the surface it appears the amount of debt is going up and that’s good news for credit counselors and debt settlement companies. A closer inspection though continues the gloom forecast for such services. While consumer debt is up, revolving debt, the bread ... Read More »

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