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Debt Relief Industry

Silverleaf Debt Solutions Hit With indiana Default Judgment

On February 10, 2012 Silverleaf Debt Solutions of Dallas, Texas was hit with a default judgment by the State of Indiana. Apparently Silverleaf Debt Solutions received this default judgment because they failed to respond to the Indiana inquiries. According to the default judgment against Silverleaf Debt Solutions, LLC entered, the company, Silverleaf, failed to “appear, plead, or otherwise respond” to ... Read More »

    Indiana Going After or Looking at a Number of Debt Relief Companies

    According to the Office of the Attorney General of Indiana, they are going after a number of debt relief companies and have filed recent suits. The Attorney General’s Office filed lawsuits against: Consumer Credit Group of Florida and Proactive Planning Solutions of Arizona for violating Indiana’s Do Not Call Law and Auto-Dialer Act known as the robo-call law. Both companies ... Read More »

      Debt Solutions Research Group Makes Me Mad as Hell, Even After Sleeping On It

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      Yesterday a consumer posted a complaint about Debt Solutions Research Group – Royal Pacific Financial. You can see it here. I’ve seen enough complaints and shenanigans that not much stuff makes me downright boiling mad, but the way this consumer was treated sure did. And if you are in the debt relief industry, it should make you mad as hell ... Read More »

        Consumer Delinquent Debt Falls in Q4 2011 But Slows. See Detailed Charts.

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        The Federal Reserve Bank of New York has just released their latest study on household debt and credit. Aggregate consumer debt fell $126 billion to $11.53 trillion in the fourth quarter of 2011. This represents a 1.1 percent decrease from the $11.66 trillion reported in the prior quarter’s findings. The report also revealed further declines in real estate debt and ... Read More »

          Golden Financial Services Misplaces BBB A+ Rating

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          Yesterday I wrote Golden Financial Services Says the Darndest Things About Being a Law Firm. The article came to the attention of the BBB who apparently decided they were going to take some sort of action. According to the new BBB page for them, “! BBB Business Review on Golden Financial Services Debt Settlement Corp. is being updated by BBB ... Read More »

            Golden Financial Services Says the Darndest Things About Being a Law Firm

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            A debt industry professional tipster (send in your tips here) sent me the following email from a Paul Paquin who is promoting an attorney based debt settlement company. The email says: Why Are You Still Doing the Face-to-Face Debt Settlement Model? There’s NO “Face to Face” Necessary! | You’ll Close 50% More Business! Our Multijurisdictional Law Firm Does All the ... Read More »

              Debt Collection Industry Sees Compliance and Customer Service as Key in 2012

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              I need to vent for a moment. Have I not been saying now for some time now that in the debt relief industry both compliance to rules and regulations, along with exceptional customer service is the key to moving forward? In fact in my latest article on this subject I was talking about how critical these issues are for the ... Read More »

                Christian Sounding Debt Advice Groups Sued by Consumer – Good Shepherd Debt Relief and Trinity Financial Mission

                A recent suit against Good Shepherd Debt Relief, Trinity Financial Mission, and Allen Morrow was brought to my attention by a reader. I’ve written about both Good Shepherd Debt Relief and Trinity Financial Mission in the past. The suit by Dallas Yoder in Ohio claims Good Shepherd Debt Relief, Trinity Financial Mission, and Allen Morrow were offering debt settlement and ... Read More »

                  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

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                    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

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                      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

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                              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 [email protected] 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 »

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