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Debt Relief Industry

I Suspect Debt Aid Processing Didn’t Realize What They Posted

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A reader brought the following page to my attention on the Debt Aid Processing website. They wanted to know if the FTC approved back end debt settlement companies. Huh? And sure enough, the page they directed me to on the Debt Aid Processing website does say “FTC approved back end company.” I’m going to have to give the company the ... Read More »

    Joanne Garneau with JEM Group Sues Legal Helpers Debt Resolution. My How Times Change.

    A tipster (send in your tips here) forwarded me a couple of documents from a case filed on March 27, 2012 by JEM Group and CDS Client Servicers against Legal Helpers Debt Resolution. JEM Group President and CEO is Joanne Garneau, a staunch investor of time, energy and resources in the concept of attorney model debt settlement model with Legal ... Read More »

      Opportunity Debt Management Makes Some Bold Claims That Don’t Add Up

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      I found the advertisement below for Opportunity Debt Management online yesterday. It appears to contain the same old messages which the FTC and others have addressed in suits and actions. Opportunity Debt Management appears to make claims that all consumers will become debt free in a few short years, their service will end collection calls, bankruptcy will be avoided, no ... Read More »

        LegalZoom Appears to Hook Up With Legal Helpers / Macey Bankruptcy Law

        A tipster (send in your tips here) sent me a link to the LegalZoom site where apparently Macey Bankruptcy Law (AKA Legal Helpers) is now the bankruptcy provider on the Legal Zoom Site. – Source Apparently LegalZoom did their due diligence and had no problem with the Legal Helpers past issues and the C- BBB rating. Over the past three ... Read More »

          Doug Van Arsdale and Credit Solutions of America Back in the News Again

          Back in 2010 Credit Solutions of America was challenged by the State of Vermont over its practices and activities. CSA decided to fight the charges and in the meantime Doug Van Arsdale, CEO, got involved with a new venture, SaveMore.com, that has turned into a swirling mess. Yesterday the Vermont Attorney General announced the case against Van Arsdale and CSA ... Read More »

            A New Day is Coming for Debt Relief


            Last night I did something I haven’t done in a while, I cruised the Craigslist ads looking for the latest claims and ads offering some magical debt relief solution. In the past it has been a treasure trove of problems and offers consumers should avoid. After looking at the ads in New York, Miami, and Los Angeles, to my utter ... Read More »

              Can Anyone Verify This Rumor About Legal Helpers Debt Resolution?

              Ready to Collapse

              I just received the following tip but have no way to verify if it is true or factual. Can anyone add any additional information and either confirm or deny the statement? I want to make sure it is reported factually. Hi Steve, I heard that legal helpers out of Illinois announced to all their processors and affiliates that they will ... Read More »

                Lloyd Ward & Associates Filed Bankruptcy Rather Than Settle Its Own Debt. Kind of Ironic.

                Under the same heading of people sending me all sorts of stuff about Lloyd Ward, the debt settlement attorney in Dallas, Texas, I got one of these documents below last week and that sent me off today to learn more about what was alleged. I’m not going to write about the documents below but I’ll just post them here so ... Read More »

                  Kansas Says No Exemption to Attorney Debt Settlement Companies

                  The Kansas Court of Appeals has issued a ruling in the case involving Consumer Law Associates, Persels & Associates, David Herron II, Stanley Goodwin, and Laura Simpson-Redmond. In this case the State of Kansas went after the named parties after receiving some complaints from consumers. The individuals named are licensed attorneys in Kansas but Consumer Law Associates and Persels & ... Read More »

                    The Debt Relief Most Bizarre Lawsuit of the Year, So Far, Goes to Regner v. Devoto

                    Yesterday I wrote about how former Lloyd Ward compatriots Kevin Devoto and Lloyd Regner were in the middle of a tiff with Devoto suing Regner. See No Apparent Honor in Debt Settlement. Kevin Devoto Sues Lloyd Regner. Well today comes one of the most odd lawsuits I’ve seen. Frankly this one reads like a movie script. Trust me, it’s worth ... Read More »

                      The Debt Company. Who Are They?

                      A tipster (send in your tips here) sent me information about a relatively new website at thedebtcompany.com and alleged it was the new enterprise of someone I’ve written about before. In looking around the website I noticed a number of things and I’d like to get your feedback and opinion on the site. The website says they are located at: ... Read More »

                        Non-Profit Credit Counseling Service United Financial Systems Signs Florida Judgment

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                        I’m going to say it, sometimes it does feel good to be proven right. One such example is that of the non-profit credit counseling group United Financial Services run by Christopher Boulahanis. Back in April of 2010 I published a warning, Debt Management Plan With United Financial Systems Runs Off the Rails. And so it did. Between then and now ... Read More »

                          Tim McCallan Enters Final Judgment With Federal Trade Commission Over Bogus Marketing

                          Ready to Collapse

                          Tim McCallan, of AmeriCorp fame has eneted into a stipulated final judgment and order for permanent injunction with the FTC over the FTC action against McCallan and his company IMM Interactive. A tipster (send in your tips here) just sent in this final order to share with you. The court order covers IMM Interactive, Intermark Communications, COPEAC, Intermark Media, Timothy ... Read More »

                            Lloyd Ward Mentioned As Alleged Participant in SEC Lawsuit

                            For some reason I’ve become the lightning rod of seemingly all the Lloyd Ward information out there floating about. For those that are not aware, Lloyd Ward is a Dallas based attorney who first became known to me because of his debt settlement business. I guess since Lloyd Ward decided to egregiously sue my wife and I for articles about ... Read More »

                              Lloyd Ward Responses in USA Case Against Felon Kevin Devoto Get Even Stranger

                              This morning I reported on a case where Kevin Devoto sued his business partner Lloyd Regner over an action that involved the companies they owned together, ABC Administrative Services, CRLK, LRKD Auto, R&D Market Development, Regdev, ABC Debt Relief, The Debt Answer. You can read that article here. In that suit filed by Devoto it is alleged that his business ... Read More »

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