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Debt Relief Industry

More Information About Marketing for Mass Joinder / Mass Tort Cases Under the Name of Lloyd Ward and Lloyd Ward & Associates

LloydWard.com Home Page

Yesterday I published an article about how Lloyd Ward and Lloyd Ward & Associates sued this site. Part of the claim was an unhappiness about an article I had published here. Here is what it says from the lawsuit. In June of 2011, Defendant Steve Rhode/GETOUTOFDEBT.ORG, published an article entitled “Lloyd Ward and Associates – UFAN – New Player in ... Read More »

    NCO Agrees to Settle Chase Bank Account. Chase Backs Out of Deal.

    ChaseBankSettlement_2

    Angelo Anzalone, president of Active Debt Solutions, has asked me to bring to your attention an issue with Chase Bank and NCO that concerns him regarding the backing out of a settlement agreement with Chase Bank USA. Anzalone states, “We reached a settlement agreement with NCO on a Chase account. The terms were as followed: $1,300 on June 30th $25 ... Read More »

      Lloyd Ward and Lloyd Ward & Associates Sue GetOutOfDebt.org

      I report on issues when others have to deal with being in court so I thought I’d write about a very unusual event that happened to me as well. I thought, if I can write about others then I should be brave enough to cover my own issues also. On October 7, 2011 Lloyd Ward and Lloyd Ward & Associates, ... Read More »

        The New Market for Credit Counseling and Recovery Service. You’ll Have to Move.

        Ready to Collapse

        There is new information about about an explosive growth in consumers needing debt relief services. While demand is dropping in the U.S., that’s not true in other places. According to newly released information, the demand for debt relief services grew by 10 percent last year. These services provided by Credit Counseling and Recovery Service (CCRS) step in and assist consumers ... Read More »

          Debt Relief Industry Recovery Postponed Again. Consumer Confidence, Sucks!

          Consumer Credit Counseling Trend

          The latest consumer confidence numbers are out. It’s not good news. Apparently consumers are less confident now about the future than they’ve been in a while. The Consumer Confidence index dropped almost seven points from last month. Says Lynn Franco, Director of The Conference Board Consumer Research Center: “Consumer confidence is now back to levels last seen during the 2008-2009 ... Read More »

            Legal Helpers Debt Resolution Backend Relationship and CDS Client Services in Appellate Court

            Page 34

            On October 24, 2011, Richard Epstein of Greenspoon Marder filed an appeal regarding Callow v. CDS CLIENT SERVICES, INC. a/k/a CDS DEBT RESOLUTION a/k/a CAPITAL DEBT SETTLEMENT, a California Corporation; MARK PENSO, individually; DAVID HENSON, individually; iVISTA ENTERPRISE INC., a/k/a ! VISTA ENTERPRISES, INC. a California Corporation, doing business under the fictitious name ZERODEBT USA; LENNY B. SPANGLER, individually; KELLI ... Read More »

              Will the CFPB Outlaw Fairshare to Credit Counseling Organizations?

              Ready to Collapse

              I was approached not long ago by an knowledgeable industry insider with the statement that the CFPB may be already in the process of policy to outlaw credit counseling fairshare payments. You know the first reaction you might have about that statement is that it would never happen. Fairshare is that commission the creditors pay when nonprofit credit counseling groups ... Read More »

                A Peak Behind FTC Action Against Christopher Mallett Which Involves World Law Debt. Interesting Stuff.

                Ready to Collapse

                A lawyer friend just forwarded me an interesting document if you are a total debt relief geek like me. It’s a judicial opinion issued which looks at the FTC action and requests in the efforts to go after Christopher Mallett, which I reported in World Law Debt and Others Sued by FTC for Misrepresentation. I think it sheds a bit ... Read More »

                  Allrepco Claims to Be TSR Exempt from Credit and Debt Help

                  Allrepco.com

                  A reader brought allrepco.com to my attention. The tipster (send in your tips here) wanted to know how a debt relief site could proclaim, “We are proud to state that we are federally exempt from the CROA (Credit Repair Organization Act) and the TSR Federal Debt Settlement Rule to serve consumers in all 50 states.” Good question. Allrepco.com is owned ... Read More »

                    Debt Relief Options – DRO – Website Makes Me Say Huh?

                    DebtXS.com

                    DebtXs has a new website. They are apparently moving into new branding as the website says it is now DR Options at 1-800-374-1088, 7668 Warren Parkway, Suite 315, Frisco TX 75034. – Source They’ve apparently taken on the task of presenting a wider breadth of debt relief options, a course we’ve talked about more would take. Their new offerings, or ... Read More »

                      Christopher Boulahanis and Capital Debt Relief Meet Georgia

                      Christopher Boulahanis, who has been in the news after the collapse of his nonprofit credit counseling group United Financial Systems, appears to have made more news this year with his Capital Debt Relief company being cited by Georgia. While this action took place in February, 2011, the BBB just published this report recently according to a reader. Here is the ... Read More »

                        Why is Credit Counseling Stumped Demand is Down?

                        Ready to Collapse

                        Over the past couple of weeks I’ve noticed a wave of information appearing on the web about the decrease in demand for credit counseling services. The reason given seems to be “consumer fatigue.” The peak client numbers that nonprofit consumer credit counselors saw in 2009 appear to be slowly falling. NFCC member agencies in the Ninth District began to see ... Read More »

                          What You Can Learn From the Preferred Financial Solutions Class Action.

                          ccrnow.com

                          A class action case against Preferred Financial Solutions, Credit Card Relief, Thomas Dakich, Dakich & Associates, and Rhonda Roell-Taylor has just been moved from a Georgia Court to Federal Court. Rhonda Roell-Taylor is a Georgia attorney who the company allegedly worked with to enroll consumers into their debt adjustment program in Georgia. Thomas Dakich is an Indiana attorney who worked ... Read More »

                            All About Cambridge Credit Counseling Corp.

                            Ready to Collapse

                            Company Name Cambridge Credit Counseling Corp. Owners/Managers Christopher A. Viale, President & CEO Thomas W. Hebert, Chief Financial Officer Tracy Guay, Clerk Of the Corporation Physical Street Address 67 Hunt Street Agawam, MA 01030 Contact Information 1-800-CAMBRIDGE (1-800-226-2743) info@cambridgecredit.org Website CambridgeCredit.org Description of Services Provided Cambridge Credit Counseling Corp. is a 501(c) 3 non-profit credit and housing counseling agency. All ... Read More »

                              Illinois Files Suits Against Debt Relief Companies

                              Ready to Collapse

                              This week, Attorney General Lisa Madigan filed lawsuits against three Chicago area companies for fraudulent mortgage rescue and debt settlement schemes that cheated consumers out of large thousands of dollars. Madigan filed the lawsuits in Cook County Circuit Court, alleging the three companies took large upfront fees from consumers with a promise to help them obtain a loan modification on ... Read More »

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