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Debt Relief Industry

NFCC Challenges Debt Relief Industry to Think Bold. My Thoughts.

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It appears Michael Bovee took the NFCC challenge to think bold about consumer services to heart and submitted this guest post. Steve published his reaction to the state of the industry speech made by Keating at the recent NFCC conference here. There is a great deal contained in the address by Keating to comment on. The less than full balance ... Read More »

    How Can Credit Counseling Miss the Boat on Offering Settlement When It’s Education

    miss the boat

    I’ve been perplexed for some time now why credit counseling isn’t getting into debt settlement. They spent a couple of years vilifying it to “protect consumers” but let’s be honest, that was really for their own competitive advantage and to protect marketshare. For nonprofit credit counselors, debt settlement as a solution is the holy grail and the third rail at ... Read More »

      Debt Restructuring Hitting the Skids and Headed Towards Dumpster of Failure

      A recent email forwarded to me from a reader reminded me about the debt restructuring approach I wrote about a while back. Apparently it was going to be the saving program for all the old mortgage selling, loan mod pushing marketers to sell after advanced fee debt settlement hit the TSR wall. Feel free to catch up on this ‘manna ... Read More »

        Tim McCallan and His Intermark Communications Sued by Bank of America

        Not a great month for Tim McCallan of AmeriCorp fame. It looks like his case the bankruptcy trustee filed back in February 2011, trying to claw back money from McCallan’s involvement with AmeriCorp and Allegro Law is still ongoing. The latest event, a notice of appeal by McCallan and AmeriCorp. That suit is about allegations of fraudulent transfers, preference and ... Read More »

          Free Debt Relief Industry Regulation and Legislation Tracking

          Debt Management Laws

          I’m happy to announce today that both consumers and debt relief companies will now have FREE access to debt relief industry compliance, regulation, and legislation resources. This site module for the GetOutOfDebt.org site will give site visitors fee access to be better informed and educated about debt relief industry regulations. In this module you will find: Updates on current debt ... Read More »

            All About ZipDebt.com

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            Company Name ZipDebt.com Owners/Managers Charles J. Phelan Physical Street Address 1835 S Centre City Parkway Suite A-507 Escondido, CA 92025 Contact Information Charles J. Phelan Toll-free 866-515-2360 [email protected] Website http://www.ZipDebt.com Description of Services Provided Since 2004, ZipDebt.com has offered Charles Phelan’s Do-It-Yourself Debt Negotiation Training & Coaching Program™. Clients receive the EXPERT COACHING needed to achieve professional results WITHOUT the ... Read More »

              NFCC and Nonprofit Credit Counseling Must Be Dreaming They Are Falling

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              Recently there was a meeting of the National Foundation for Credit Counseling (“NFCC”) where the State of the Union was laid out for credit counseling groups attending. It was actually called the 2011 State of the Credit Counseling and Financial Education Sector Address The published remarks from that speech by Susan Keating, President and CEO of NFCC, paint a somewhat ... Read More »

                Get Your Debt Relief Company Featured for Free on the GetOutOfDebt.org Site

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                Frankly I’m not sure why I didn’t launch this feature earlier but here it is now. In an effort to help educate consumers about the debt relief companies that are around and serving people I’m happy to feature companies on the site. IT’S FREE TO BE FEATURED. “OK Steve, what’s the catch?” You’d think there should be a catch since ... Read More »

                  Legal Helpers Debt Resolution and Global Client Solutions Named in NJ Class Action

                  Dora Smith v. Legal Helpers Debt Resolution and Global Client Solutions, Macey, Aleman, Hyslip & Searns On September 22, 2011 this New Jersey class action case against Legal Helpers Debt Resolution and Global Client Solutions was moved to Federal Court. The case states: “On March 17, 2010, Plaintiff and Defendant Legal Helpers Debt Resolution entered into an agreement by which ... Read More »

                    Nationwide Debt Direct – Site Review

                    Company Name Nationwide Debt Direct Address Nationwide Debt Direct, LLC 3803 Parkwood Blvd., Suite 100 Frisco, TX 75034 Additional Contact Information 866-586-0942 866-206-5231 [email protected] Company Description Nationwide Debt Direct is a debt settlement company that helps consumers across the country develop a solution to deal with intolerable amounts of credit card debt and other unsecured debts. We at Nationwide Debt ... Read More »

                      Credit Counseling, Inc. Hit With Georgia Class Action Suit

                      Credit Counseling, Inc., a Florida company, was hit with a Georgia Class action suit that was just moved to Federal Court. The issue appears to be charging Georgia resident more than the law allows for debt relief services. Alan Silverberg is the president of Credit Counseling, Inc. and is name as a Defendant as well. At issue is a problem ... Read More »

                        Leaked Document Says DebtConnect Online Part of Settlement Process for Persels & Associates

                        Persels & Associates

                        A tipster (send in your tips here) sent me a document from inside Persels & Associates that lays out current client debt settlement success rates. The percentage of settlements is interesting but what really caught my eye was the statement that after implementing the DebtConnect Online solution that it was easier to secure some better settlement offers for clients. DebtConnect ... Read More »

                          Cambridge Life Solutions in Canada the Focus of Additional Investigation

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                          I’ve previously written about Cambridge Life Solutions in Canada and how it is a U.S. company that is targeting Canadians for advanced fee for-profit debt settlement services. A company in Canada did their own investigation on Cambridge Life Solutions and a tipster (send in your tips here) sent me a link to their investigation. I did enjoy how Total Debt ... Read More »

                            NFCC Appears to be Talking Out of Both Sides of Their Mouth

                            Recently the National Foundation for Credit Counseling (“NFCC”), the nonprofit franchise operation for credit counseling outfits, filed a public statement in which they were winging about the amount of funding they get from creditors. Historically, a significant amount of support for those activities came from creditors in the form of “fair share.” In recent times, however, and due in a ... Read More »

                              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 »

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