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Debt Relief Industry

Missouri Cracks Down on Selling Financial Services Over the Telephone

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Here are two recent releases out of Missouri that show they are concentrating on financial and debt relief calls to Missouri residents. November 16, 2011 Attorney General Koster obtains restraining order against Florida telemarketer Jefferson City, Mo. – Attorney General Chris Koster said today his office has obtained a temporary restraining order against an Orlando, Florida, telemarketing company for making ... Read More »

    Do Creditors Have The Right To Ignore A Power Of Attorney (POA)?

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    This guest post is from Michael Reilly from Emerge America. His post certainly does raise issues about the lack of uniformity of the Power of Attorney. I believe the answer to that question is no! Perhaps creditors should familiarize themselves with “THE UNIFORM POWER OF ATTORNEY ACT.” As many Debt Settlement Service Providers (DSSP’s) can attest, creditors seem to think ... Read More »

      Why Are You Against Debt Settlement? – Nick

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      “Dear Steve, Why do you insinuate to people that they live in fear and always be cautious to people contacting them to provide them a service. Where are your statistics on the advise you give. Debt settlement is real and constantly I see people putting there trust into you to make there decisions for them and I have never seen ... Read More »

        Affiliate Relationship Melts Down. Strategic Debt Solutions Sues Saltzman, CLSA and Ira Frazer

        Soon we’ll need to start a new category, “When Affiliate Relationships Go Bad.” They seem to be coming a bit faster these days. A reader send me in information about a suit that was filed at the end of October but was just removed to Federal Court. The case is Strategic Debt Solutions v. Saltzman Law Group, Martin Saltzman, Consumer ... Read More »

          Legal Helpers Debt Resolution and JEM Group Named in Ohio Suit

          A suit filed in Ohio has just been recently remove to Federal Court. The suit is Theodore Mangosh and Linda Mangosh v. Legal Helpers Debt Resolution, Thomas Macey, Jeffrey Aleman, Jeffrey Hyslip, Jason Searns, JEM Group, Joanne Garneau, and Arthur Garneau. The suit states, “Among the most recent conspiracies, this action arises for a coordinated scheme devised by Defendants with ... Read More »

            Florida Proposes Changes to Private Attorney Referral Service Rules

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            A new bill in Florida would force some changes on the attorney referral services that are popping up. The bill applies to both legal and medical services. Private lawyer and legal medical referral services would have to disclose financial ties to clinics and law firms to which they refer callers. The bill states: • A lawyer and medical referral service ... Read More »

              Attorney Evan Kagan Sued for Commissions Owed by Non-Attorney

              I don’t go out hunting for these things. They just arrive in my inbox. Today comes this interesting suit involving attorney Evan Kagan in Florida. You can see past articles involving Evan Kagan here. This case is Automated Financial Transaction v. Evan Kagan, individually, and Law Offices of Evan S. Kagan, Consumer Legal Group. The case was filed on October ... Read More »

                Ohio Says No to Debt Settlement by Out of State Lawyers

                The Supreme Court of Ohio issued a recent ruling the forbids out of state lawyers from providing debt settlement services to Ohio residents. An out-of-state lawyer is not authorized to provide debt settlement legal services, including investigation, negotiation, and other nonlitigation activities, on a temporary basis in Ohio under Prof. Cond. Rule 5.5(c)(4) when the matter is not connected to ... Read More »

                  Credit Card Delinquencies Poised for an Increase

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                  In what I predict will be a good news, bad new trend for debt relief companies it now appears that we may be in early days of an increase in credit card delinquencies. This might be a big increase with both the holiday spending period upon us and employment remaining flat. Credit card delinquencies are currently at historic lows rates, ... Read More »

                    How to Handle a Consumer Complaint Like a Pro And Come Out Smelling Like a Rose

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                    Over the years of writing about the debt relief space I’ve grown exceedingly frustrated by companies that can’t seem to deal with consumer complaints or unhappy clients in a positive and constructive way. They seem to relish in shooting themselves in the foot, time and time again. A client complaint is a perfect opportunity to win over new clients if ... Read More »

                      CESI Debt Solutions Asks Maryland to Help in Dispute With Amerix

                      Recently I wrote about the suit filed by Amerix against CESI Debt Solutions (Consumer Education Services, Inc.) See the cleverly titled post Amerix Files Suit Against CESI Debt Solutions. An insider just forward to me a copy of a new filing in this matter, this time in Maryland. CESI is asking the Maryland Office of the Attorney General, Consumer Protection ... Read More »

                        Renaissance Debt Solutions Said to be Working With Credit Guard of America

                        A tipster (send in your tips here) with incredible eagle eyes sent in an observation from a BBB report. It’s the first time I’ve seen such a comment on a BBB report but it support what we’ve been saying over the past couple of years. Remember when we talked about how debt relief companies would need to develop stronger ties ... Read More »

                          Debt Settlement Goes Mainstream. InsideARM Debt Settlement Survey Out.

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                          The folks over at InsideARM recently conducted a survey of companies regarding debt settlement services. The surveys 649 respondents were mostly on the collection side of the fence so it’s interesting to see how those debt professionals feel about working with debt settlement providers. The survey seems to indicate the willingness of debt collectors and owners to work with debt ... Read More »

                            Global Client Solutions Class Action Suit in Illinois, Move to Federal Court

                            Yesterday a class action suit, Karen Manczak v. Global Client Solutions and Global Holdings was moved from State Court to Federal Court. The suit was originally filed in September, 2011. – Source The suit alleges Global Client Solutions (“GCS”) is a debt settlement service provider and falls under the Illinois definition of “debt settlement provider” and “debt settlement services.” The ... Read More »

                              Legal Helpers Debt Resolution Sues Lisa Madigan, Attorney General of Illinois

                              On November 8, 2011 Legal Helpers Debt Resolution aka Macey, Aleman, Hyslip & Searns filed suit against Lisa magian, Attorney General of Illinois and Bret Adams, Secretary of the Illinois Department of Financial & Professional Regulation. The case was filed by James Abbott of Litchfield Cavo LLP and Richard Epstein and Rebecca Bratter of Greenspoon Marder, PA. The suit claims ... Read More »

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