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Debt Relief Industry

Complete Financial Solutions Mailer Goes to the Dogs

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An amazing reader sent in one of the more unusual debt relief mailers I’ve ever seen through my I Buy Junk Mail program. Gary Jones from JW Financial Insights has apparently sent out a very odd mailer to people to promote something. The envelope appears to be very generic with a note attached. Inside the envelope the reader received what ... Read More »

    Colorado Moves to Lower Debt Settlement Fees

    process

    A reader forwarded me a copy of this document from the State of Colorado regarding debt settlement. It contains some interesting sections. For example there is this one. Recommendation 2 – Limit settlement fees to 15 percent of the debt forgiven from a completed settlement. “A Settlement Provider negotiates with a creditor to convince it to forgive a portion of ... Read More »

      Bicoastal Funding Debt Consolidation Loan Offer Review

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      An amazing reader Burgemj sent in a new debt relief mailer through my I Buy Junk Mail program. It appears to be yet another offer sent from a very common sender, Sacramento, California Postal Permit 1297. Consumers have received a number of debt reduction offers from that postal permit. The debt consolidation loan offer from Bicoastal Funding arrived in a ... Read More »

        Keep Up – It’s Novicore Solutions From Now On. Or is it?

        Young man looking shocked in tablet pc

        Remember Garden State Consumer Credit Counseling changed their name to Novadebt? Well now they’ve decided to change it again and on October 31, 2014 the company formally known as GSCCC will now be Navicore Solutions. According to information from the company the name change “more clearly conveys or mission and the growth of our counseling services beyond financial guidance.” – ... Read More »

          Otto Berges and Consumer Protection Counsel Back in Court Again

          puzzled looking little boy looking to the left

          I previously published a story about an outfit out of Florida being challenged in court over allegations they were selling credit repair services. See this story. Well some of the same players are back in it again. This new suit names Berges Law Group, Otto Berges, Consumer Protection Counsel, Debt Be Gone, and Gregory Fishman. Well apparently a couple of ... Read More »

            Debt Free Student Runs Most Unbelievably Dumb Advertisement

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            A reader forwarded an advertisement they saw on Facebook for a student loan assistance company called Debt Free Student. Apparently they didn’t get the memo on using President Obama likeness in debt relief advertising. I’m sure the FTC is going to love seeing this one. Debt Free Student says they are located at 1200 Main Street, Suite G, Irvine, CA ... Read More »

              Has Practical Debt Relief Gone Poof? Police Confirm Investigation.

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              A tipster (send in your tips here) sent in the following statement: “Practical Debt Relief is gone. Around $250K was embezzled from the client accounts held by Global Client Solutions. The local police department are investigating which is Davie, Florida. Global Client Solution closed the accounts of all clients and sent them refunds and a letter explaining. If you call ... Read More »

                Details on Florida Bar Complaint Against Howard Feinmel

                Problem Solving Series

                The Florida Bar has sent me a copy of the complaint they recently filed against Florida attorney Howard Feinmel. I reported yesterday about the case. But today there are more facts available after reading the filed complaint. Right off the bat I found it intriguing the Florida Bar makes the statement, “Respondent has represented various persons and entities, including but ... Read More »

                  Money Management International Accused in Kick-Backs in Class Action Settlement

                  Young man looking shocked in tablet pc

                  Now here is something you don’t get to witness often, if at all. Apparently there is a bit of disturbed blood milling about in the credit counseling world right now. In just doing some routine checking on activity I came across a very, very odd letter from the Association of Independent Consumer Credit Counseling Agencies (AICCCA) to the U.S. District ... Read More »

                    CCR Article Brings New Life Financial Services Back to Life

                    money down the drain

                    I just love the Collections & Credit Risk magazine and website. Those folks over there hold no punches when it comes to the collections and debt relief industry problems. A recent article by Darren Waggoner reminded me of a string of past events surrounding a debt relief company New Life Financial that had been operating someplace out of the U.S. ... Read More »

                      Michael Harper Appears to Toss Greenspoon Marder Under Bus to CFPB

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                      In this case against an alleged mortgage relief enterprise that just gets stranger and strange, Defendant Michael Harper has adopted a new approach, throw law firm Greenspoon Marder under the bus. The case filed by the Florida Attorney General and Consumer Financial Protection Bureau against Hoffman Law Group some involved recently resulted in a long and strange tale by the ... Read More »

                        Illinois Finds Fault with Mortgage Assistance Attorneys Aleman and Macey

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                        A tipster (send in your tips here) just sent in a document which was filed on August 28, 2014 regarding the activities of Jeffrey Aleman and Thomas Macey or Legal Helpers fame. The Illinois Attorney Registration and Disciplinary Commission came to the opinion that Macey and Aleman had violated a number of Illinois attorney rules. However it does not appear ... Read More »

                          CFPB Now Accepting Complaints on Debt Relief and Credit Repair Services

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                          Who knows, the Consumer Financial Protection Bureau (CFPB) might have started this a while ago but in doing a bit of research for another article I noticed they are now specifically accepting complaints from consumers regarding credit repair and debt reduction services. It seems their category of “Debt Settlement” would also apply to any intervention between a consumer and creditor ... Read More »

                            Debt Relief Soap Opera – Michael Harper, Hoffman Law Group, Greenspoon Marder

                            Mark Bernet Receiver

                            Up till now the most bizarre debt relief related lawsuit I had seen was this one which included the “Charlatan,” “Felon,” and “Architect.” But this court document sent to me has to either being the most bizarre of 2014 or be in top contention for debt relief lawsuit honors. It seems to be a soap opera of a bunch of ... Read More »

                              More Debt Relief Providers Running Up Against CT

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                              For years I’ve said that if you are offering debt relief services in Connecticut, you should get licensed. The State has just announced the latest crop of companies that caught their attention. While I’ve always hoped these public disclosures would encourage debt relief companies to register, not all pay attention. It appears these folks didn’t get the message. On August ... Read More »

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