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Debt Relief Industry

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

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    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 tips@getoutofdebt.org. 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- sean@veritaslegalplan.com 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 »

                    Consumer Debt Drops to 2004 and Earlier Levels

                    FR Data July 2011

                    Federal Reserve numbers released on September 8, 2011 show that the amount of revolving consumer debt outstanding dropped in the last reported period, July. Revolving debt fell to $792.5 billion which is the lowest level since August 2004. This data represents a lower per capita indebtedness since the U.S. population has grown from 292 billion in 2004 to about 311 ... Read More »

                      GHS Solutions and Global Client Solutions Named in California Lawsuit

                      GHS Global California

                      A California lawsuit against Global Client Solutions and GHS Solutions has just been moved to Federal Court. The case, Beck v. GHS Solutions and Global Client Solutions makes the following allegations: GHS Solutions, through its websites at ghssolutions.com and debtsettlementsource.com sold debt settlement services under the California prorating law. The Plaintiff states that after eleven months of payments and placing ... Read More »

                        Bank of Oklahoma Now Named in Global Client Solution Class Action Case

                        Notice of Removal

                        Global Client Solutions is facing yet another class action suit. What makes this one different is that it includes the bank they ran to, Bank of Oklahoma, after they ran from Rocky Mountain Bank & Trust. Apparently Global Client Solutions is like the enchanted wand you don’t want to touch or you’ll be sucked into a lawsuit. This case is ... Read More »

                          Global Client Solutions Named in Illinois Class Action as Debt Adjuster

                          On September 6, 2011, an Illinois class action case was filed by Karen Manczak against Global Client Solutions and Global Holdings. This case is related to another class action suit filed by the same person against First Financial Network. In this case, it is alleged Global Client Solutions is not a registered Illinois registered debt settlement provider but provides services ... Read More »

                            First Financial Network Hit With Class Action Suit in Illinois

                            On September 1, 2011, Karen Manczak filed suit against First Financial network in Florida. The company is registered in Florida at 4900 Creekside Drive, Suite E, Clearwater, FL 33760. The company president is listed as Christopher L. Tuleen. – Source Up until August 18, 2011 the First Financial Network website at ffndest.com said: First Financial Network, Inc. would like to ... Read More »

                              CBDC Rumored to Have Closed Doors Suddenly

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                              A tipster (send in your tips here) reports that effective yesterday, the nonprofit 501(c)3 credit counseling group closed their doors suddenly. According to the tipster (send in your tips here) a notice was sent out saying: I wanted you to hear this from me directly; I regret to inform you that CBDC will no longer be able to assist any ... Read More »

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