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Debt Relief Industry

World Law Debt and Others Sued by FTC for Misrepresentation

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The FTC has stepped in and sued some debt relief companies in an effort to get them to stop impersonating federal agencies. This case is important since it targets the claims made by a debt relief agency and requires the claims made to be true. The Federal Trade Commission has filed a complaint in U.S. District Court to halt the ... Read More »

    Persels & Associates and Care One Settle Nationwide Class Action. Lawyers Win.

    A reader and tipster (send in your tips here) sent me in a copy of the class action settlement agreement that has been presented to the court in the Persels & Associates class action case that began in November of 2010. Actually this looks like it was a fairly speedy affair. The class action settlement states there were 125,012 consumers ... Read More »

      Legal Helpers Debt Resolution Accused of Orchestrating Conspiracy by Safeguard

      According to court documents, a former Legal Helpers Debt Resolution marketer is none too happy with either Legal Helpers Debt Resolution or Nationwide Referral Services. The following information is alleged or stated in court documents filed in Federal court on September 8, 2011. Safeguard Support Services (“Safeguard”) is located in Florida and was a branch office of Legal Helpers Debt ... Read More »

        Atlas Consumer Cooperative and Fingo Group is a Big Mistake I Think? – Valerie

        Fing Group 1

        “Dear Steve, I am in CC debt for $47,000.00 and signed up with Atlas/Fingo in April 2011. I was looking for a way to lessen my debt so i could have a chance of paying it off in a reasonable amount of time. I saw the question from Jenny regarding the Atlas/Fingo group and hope i didn’t make a big ... Read More »

          Consumers Who are Current, Targeted for Debt Relief Sales

          Debt Relief Agency 800-665-4618

          A new trend is emerging of companies that are targeting consumers that are current on their bills for debt relief services. This probably grows out of the fact the number of consumers behind and in trouble continues to diminish as time ticks by since the peak in 2009. It’s a devious trick to target these consumers. The sales pitch will ... Read More »

            Progressive Debt Relief progressiverelief.com – Site Review

            Company Name Progressive Debt Relief Address 5703 Red Bug Lake Road Suite #283 Winter Springs, FL 32708 This address appears to be a mail drop and not the actual office address. The address is reported to be used by: Bankruptcy Avoidance Group LLC Progressive Debt Relief LLC Dk Counseling, LLC Additional Contact Information Phone – 877 590 1847 Fax – ... Read More »

              Barclaycard US Stepping Up Credit Counseling Engagement

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              Some good news for credit counseling. Barclaycard US is stepping up their commitment to working with credit counseling. They have sent out the following communication to let everyone know. “Barclaycard US is pleased to announce the roll out of our new Debt Management liaison team within collections operations which became effective earlier this year. It is our hope that by ... Read More »

                Government Report Can Lead to Cuts in Housing Counseling Funding

                Ready to Collapse

                The Government Accounting Office just released a report that will most likely have an impact on future funding of housing counseling by nonprofit credit counseling agencies. While it is true that the GAO does not have any direct control over the funding from HUD, the reality is that the report could easily be used in a cost cutting Congress to ... Read More »

                  U.S. Credit Defense uscreditdefense.com – Site Review

                  Company Name U.S. Credit Defense Address 2600 Douglas Rd PH-7 Coral Gables, Fl. 33134 Additional Contact Information Toll Free: (855) 220-2550 Miami Area: (305) 444-7565 Company Description “U.S. Credit Defense.com, LLC strives for 100% customer satisfaction by providing the highest quality service and seeking compensation only after proven results have been obtained” Our Company Goal U.S. Credit Defense.com, LLC is ... Read More »

                    Timeline Debt Solutions and R&N Consulting Tell Clients to Get Lost. We’ll Keep Your Money.

                    Timeline Debt Solutions

                    I’ve finally got my hands on the letter Timeline Debt Solutions sent out as they fell out of business. It’s horrible. Timeline Debt Solutions and RN Financial, aka R&N Consulting, had been selling debt settlement services on an advanced fee basis. They took her monthly $500 payments and deducted their fees for services before actually dealing with any creditors of ... Read More »

                      Sales Representative Finds New Way to Poach Debt Settlement Clients

                      Poach Debt Settlement-1

                      New Era Debt Solutions sent me over a mailer that just made their blood boil. It seems some representative for some other debt relief solution had mailed one of their clients with a fantastic new offer. And by the way, if you get any bogus offers you want me to expose you can send them to [email protected] Matt Davis, from ... Read More »

                        Debt Settlement Lead Vendor Murders Partner Over Money

                        bloodyknife

                        A tipster (send in your tips here) sent this in to me in disgust over the usual DUI, DWI, mugshots I post from time to time. They were getting bored with seeing the petty stuff so they wanted to bring the case of two debt settlement lead vendors from 800 Exchange, where one killed the other. Edward Shin, CEO, or ... Read More »

                          Debt Levels Drop For Consumers in Credit Counseling

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                          A credit counseling trade association has recently sent out an update to members about what a current credit counseling client looks like. The data suggests exactly what I’ve been reporting on recently, people with debt problems are skewing older these days and it is taking less debt to push people over the edge. But the most surprising number is the ... Read More »

                            Wells Fargo Bragging About Supporting Credit Counseling, But…

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                            A recent press release from Wells Fargo caught my eye. The title was “Wells Fargo Increases Commitment to Credit Counseling Nonprofits by 35% to $12.4 million in 2011” but upon closer inspection all Wells Fargo was really doing was increasing funding by 35% in 2011 for nonprofit housing counseling. The obvious question is if Wells Fargo really finds value in ... Read More »

                              Veritas Legal Plan Drafts Through Global Client Solutions and NoteWorld

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                              The following guest post was contributed by Sean Ryan Managing Partner- Veritas Assurance Group- [email protected] If you would like to contribute a guest post, click here. Veritas Legal Plan offers the only legal plan created exclusively for the debt settlement industry. The plan hires and pays 100% of attorney fees to defend creditor lawsuits! Now, Veritas Legal Plan is proud ... Read More »

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