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Debt Relief Industry

All About McCarthy Law, PLC

Phoenix Debt Settlement Attorney Arizona | Debt Settlement Phoenix | AZ Credit Card Lawyer | Consumer Debt Negotiation AZ (20120109)

Company Name McCarthy Law, PLC Owners/Managers Kevin Fallon McCarthy, Esq. Physical Street Address 5450 East High Street, Suite 300 Phoenix, AZ 85054 Contact Information Office (602) 456-8900; Info@mccarthylawyer.com Additional Addresses: 8880 Rio San Diego, Suite 800 San Diego, CA 92108 Office: (619) 478-6200 1600 Rosecrans Avenue Building 7 4th Floor (Suite 36) Manhattan Beach, CA, 90266 Office: (310) 564.0999 10100 ... Read More »

    Prestige Financial Solutions and Amy Thompson Sued by Colorado Attorney General

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    In what may simply be an ironic twist, Eric Thompson of Orion Processing from Westminster, Colorado was just countersued by the Colorado Attorney General on the same day Amy Thompson of Westminster based Prestige Financial Solutions was sued by the Colorado Attorney General. If they are related, it’s a bad day in the Thompson house. Both Orion Processing and Prestige ... Read More »

      Orion Financial Group Sued by Colorado Attorney General

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      Colorado Attorney General John Suthers announced today that his office has filed a counterclaim lawsuit against Orion Financial Group, a Westminster based firm, and its owner, Eric Thompson, on the grounds that they provided debt-management services to Colorado consumers without meeting the registration and reporting requirements of Colorado consumer protection laws. According to the complaint, the state investigated Orion Financial ... Read More »

        World Law Debt, World Law Group, Orion Processing and Global Client Solutions Sued in Kansas

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        A Kansas case by Joy Locke-Odell v. Orion Processing d/b/a World Law Debt, d/b/a World Law Group, and Global Client Solutions was just moved to Federal Court. In this case it the Plaintiff position is that each entity involved in this debt relief transaction is a credit services or debt management services organization and subject to Kansas Consumer Protection Act ... Read More »

          My Debt Relief Industry Forecast for 2012

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          At the start of a new year I always like to look forward and contemplate what the debt relief industry is going to look like in the next twelve months. I believe 2012 will be another year of stark closures of debt settlement companies and aggressive merging of credit counseling groups. I don’t see any evidence pointing to a substantial ... Read More »

            CreditArbitrators and CreditAnswers Targeted by New Mexico for Alleged Illegal Activities

            Credit Answers and Credit Arbitrators have been on the radar here on the site for a long time. First it was with commercials they were running and later it was with an approach they were taking by mailing a catalog of services in what appeared to be an attempt to circumvent the Federal Trade Commission Telemarketing Sales Rules (TSR) designed ... Read More »

              Macey Bankruptcy Law, Legal Helpers and Legal Helpers Debt Resolution Leads to Uncertainty

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              Not that long ago a consumer submitted a consumer complaint about Legal Helpers that lead to Macey Bankruptcy Law. You can read the complaint here. What struck me at the time was the aggressive comment that followed. The commuter said: This person’s complaint seems to be about Legal Helpers Debt Resolution, LLC. That is NOT Macey Bankruptcy Law, PC. Macey ... Read More »

                Consumer Bankruptcy Filings Trend Downwards but Expect Early 2012 Spike

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                Data out regarding recent bankruptcy filings is showing a continued downward trend as more consumers have dealt with their problem debt and the pipeline of new credit extensions remains unfilled. The percentage of cases under a Chapter 13 bankruptcy have increased to about 30% of all consumer bankruptcy filings. This is the result of a decrease in Chapter 7 bankruptcy ... Read More »

                  CFPB Whistleblower Hotline for Debt Relief Company Tipsters

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                  The Consumer Financial Protection Bureau recently announced a whistleblower procedure for employees of financial companies and debt relief providers to use to anonymously submit complaints. According to Venable law firm and Jonathan Pompan: The Consumer Financial Protection Act (the “CFPA”), Title X of Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), enacted strong anti-retaliation protections for employees ... Read More »

                    Reader Wants to Know How Consumer Debt Help Association Charges Enrollment Fee for Debt Negotiation

                    A reader contacted me and wanted to know how a group called Consumer Debt Help Association can charge an enrollment fee of $499 for debt negotiation / debt settlement help. Excellent question. I could not find a contact form or email address to reach out to them to answer the question. If anyone happens to know someone over there at ... Read More »

                      Amerix / CareOne Dispute With CESI Debt Solutions May Prove Fatal

                      In a recent filing by Amerix / CareOne over a dispute with the non-profit credit counseling group CESI Debt Solutions, some interesting statements were made. This stems from a round of suits by Amerix and CESI that you can read about here and here. In a document filed with the court in North Carolina, Amerix revels just how dependent they ... Read More »

                        UK Debt Restructure Scam – Buy My Debt Limited and The Trusted Partnership, Closed by High Court

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                        Don’t think that scams that prey upon people with debt problems is limited to just the United States. Just recently the High Court in London shuttered a fraudulent debt buyer operation. Readers familiar with some of the debt buyer claims will notice they sound suspiciously familiar to the debt buyer claims in the U.S. Buy My Debt Limited and The ... Read More »

                          Looking for Good News Debt Relief Industry Stories

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                          If you have a good news debt relief industry story that you’d like to share as a guest post, I’m looking to publish some. I’m most interested in stories that talk about how a specific case study about how a consumer was helped or some new tool or technique that you’d like to share to help consumers in financial trouble. ... Read More »

                            Details on Take Charge America Suit Against Internal Revenue Service

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                            A tipster (send in your tips here) just sent in a copy of the petition filed by Take Charge America against the Internal Revenue Service. The petition states Take Charge America should be considered a tax exempt organization and that the IRS had determined that it “was not qualified for tax exempt status for its tax years ending June 30, ... Read More »

                              SaveMore.com Sucks. Doug Van Arsdale of Credit Solutions Fame Back in the News.

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                              An tip just came in from a reader. Seems Doug Van Arsdale the CEO of Lending.com and CEO of Credit Solutions of America is back in the news. The allegation is that Van Arsdale is the indirect owner of SaveMore.com, a Grouponesque spinoff that sells discounts and coupons, is not delivering coupons to consumers more funds to merchants. A visit ... Read More »

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