Latest Posts
Home > Debt Relief Industry (page 52)

Debt Relief Industry

Legal Helpers Debt Resolution Mailer. Reader Reports Them to Bar.

Zemanta Related Posts Thumbnail

A reader and tipster (send in your tips here) just sent in a mailer they received from Legal Helpers Debt Resolution and Macey, Aleman, Hyslip & Searns. The reader sent the mailer in through the tip line here and said: Here is a solicitation letter I received form Legal Helpers/Macey Aleman. I am a North Carolina resident. The required disclaimer ... Read More »

    Global Client Solutions Alleged to Enter Credit Counseling Arena

    Zemanta Related Posts Thumbnail

    For a number of months now I’ve heard that Global Client Solutions has wanted to get into the credit counseling and debt management arena. To date I’ve not published anything about this but I just received a very interesting letter that appears to confirm that and also allege that Global Client Solutions is/was considering kickbacks on monthly fees. This correspondence ... Read More »

      Consumers Doing Much Better Paying On Time. 17 Year Low.

      Zemanta Related Posts Thumbnail

      New data out from TransUnion shows that consumers are doing a great job of bringing their finances back into good shape. For the sixth consecutive quarter, the credit card delinquency rate has dropped. The number of consumers that were 90 days or more delinquent has now dropped to a 17 year low and credit card debt per borrower is hovering ... Read More »

        Consumers Avoiding Debt Reports NY Fed

        A report out from the New York Federal Reserve shows that the amount of consumer debt has dropped since June 2010. As of June 30, 2011, total consumer indebtedness was $11.4 trillion, a reduction of $1.08 trillion (8.6%) from its peak level at the close of 2008Q3. Consumers’ non-real estate indebtedness now stands at $2.28 trillion, 9.5% below its 2008Q4 ... Read More »

          Credit Card Delinquencies at Pre-2006 Low Levels

          Zemanta Related Posts Thumbnail

          Experian is reporting that credit card accounts that are 60 days past due has reached levels not seen since before the recession. Nationally, since 2007, 20 percent fewer credit card payments are 60 days late, but 25 percent more consumers are paying their mortgage 60 days late. The cities that showed the most improvements to bankcard payments include Cleveland, Ohio; ... Read More »

            Consumer Confidence Reaches 30 Year Low

            Zemanta Related Posts Thumbnail

            So here is a summary, consumer confidence/sentiment has plummeted and is the toilet at a 30 year low. According to survey data released by Thomson Reuters and the University of Michigan, the mood of the nation’s consumers in August was abysmal, raising concerns about any prospect of an economic turnaround. “Never before in the history of the surveys have so ... Read More »

              Bankruptcies Down. Pipeline Cleaning Out.

              Ready to Collapse

              It looks like the predictions of decreasing demand for debt relief services is coming true in all sectors now. As I’ve been saying, without consumers cleaning out their debt through some means and creditors not extending credit in buckets like they were before, demand for debt relief services will be down. This is the latest from the American Bankruptcy Institute. ... Read More »

                Bankruptcy 2010 Annual Report Out. Chapter 7 Still Mac Daddy.

                Ready to Collapse

                The United States Courts just released the complete bankruptcy survey for 2010 bankruptcies. It shows that the majority of bankruptcy filings are for Chapter 7. Here is what the 2010 results show. I’ve highlighted the parts that stood out to me. Summary of Findings During calendar year 2010, more than 1.5 million bankruptcy petitions were filed by individuals with predominantly ... Read More »

                  Debt Alternative Center and Legal Debt Pros Both Proud About Debt Restructuring

                  Zemanta Related Posts Thumbnail

                  A debt relief industry insider asked me to take a look at the Debt Alternative Center website. They expressed some deep concerns that they were promoting the debt restructuring product and FDCPA Protection products. They also asked me to look at the Legal Debt Pros site as well. I’ve said it before, debt restructuring is going to turn out to ... Read More »

                    Reader Looking for Debt Settlement Business Consultant

                    Ready to Collapse

                    I got this email and thought I’d pass it along in case anyone has a suggestion. “Steve – do you know of a debt settlement consultant out there to help me do a business plan for a new debt settlement marketing company with a performance based attorney model. I need to find someone to help me answer all my questions ... Read More »

                      US Credit Services Credit Repair Affiliate Program Pitched. What, No CROA?

                      Zemanta Related Posts Thumbnail

                      A tipster (send in your tips here) sent in an email they received that is pitching a magic money making opportunity to unsuspecting uninformed people as possible affiliates. The offer is to become a credit repair affiliate after loan modification or debt settlement is complete. My favorite line of the email has to be, “Remember, you can charge anything you ... Read More »

                        I’m Working at a Debt Relief Call Center in Florida and I Think It’s a Scam

                        Ready to Collapse

                        “Dear Steve, I am working at a call center in florida, just started the job, and I think its a scam. The company is only doing business in Canada under two companies, that we are told to say we are a separate entity from us. They used to be called Vortex before, and I have heard they change their name ... Read More »

                          Debt in America Better Than Figures Show?

                          Ready to Collapse

                          From Deutsche Bank, some interesting numbers on debt in America. “Market participants have recently fretted over debt levels in the United States, especially in light of the S&P downgrade of US sovereign debt. While the debt ceiling crisis and subsequent loss of AAA rating have highlighted the massive rise in government debt since the recession began in December 2007, total ... Read More »

                            Consolidated Credit Announces Winner for the ‘Reasons Why Debt Sucks’ Video Contest

                            Ready to Collapse

                            Consolidated Credit gave consumers a chance to win a free iPad in their “Reasons Why Debt Sucks” video contest. After carefully evaluating each submission based on how consumers got into debt and what they’re doing to dig themselves out, Consolidated Credit has chosen a winner! Ft. Lauderdale, FL (PRWEB) August 10, 2011 Consolidated Credit Counseling Services, Inc. gave consumers a ... Read More »

                              Doug Van Arsdale and Credit Solutions of America Settle With Maine

                              Ready to Collapse

                              Just yesterday I was talking to a debt relief industry insider and saying, “Whatever happened with Credit Solutions of America, you don’t hear about them anymore.” And here they are right back in the news. Below you will find the press release published by the State of Maine. Attorney General William J. Schneider announced today that Maine reached an agreement ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

                                You can unsubscribe at any time with just one click.

                                After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.