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Debt Relief Industry

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

    Ready to Collapse

    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 »

          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 – 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

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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 – 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, 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, 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


                              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 »

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