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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

          Ready to Collapse

          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 »

            O’Neil – Father and Son Arrested by U.S. Secret Service in Debt Relief Scam

            Following the arrest of Jeffrey Wayne O’Neil and his son, Nathaniel O’Neil aka Nathaniel Chilo, the indictment against the father son duo was unsealed. The indictment states Jeffrey Wayne O’Neil operated various debt relief businesses in the Houston, Texas area under J. O’Neil/Associaties, World Outlook, World Outlook Management, Fair Credit Investigation Company, Financial Crisis Inquiry Commission and Universal Restoration. Since ... Read More »

              Freedom Debt Relief Secures Funding to Advance Sales Reps

              Ready to Collapse

              The following guest post is by Andrew Houser from Freedom Debt Relief. I asked him to provide us all with more information about his new approach at fronting sales representatives commissions while Freedom waits to collect the fees earned from consumers. Upfront Affiliate Payments on No Advance Fee Programs: Giving Affiliates the Opportunity to Move Away From the Dark Side ... Read More »

                Consumer & Business Debt Counseling Services – CBDC Subject of IRS Investigation Request

                Ready to Collapse

                Apparently Consumer & Business Debt Counseling Services (CBDC) is part of a request for investigation with the Internal Revenue Service in an effort to examine the status and revoked their charitable status. A tipster (send in your tips here) forwarded me a copy of the official request for examination. This 501(c) nonprofit credit counseling agency is alleged to have paid ... Read More »

                  Consumer Confidence Really Bad in August And Delinquencies Are Down

                  Ready to Collapse

                  New consumer confidence numbers out show exactly what we didn’t want to see in the debt relief space. Consumer confidence has dropped to near record levels at 44.5 on the Conference Board Consumer Confidence Index. Says Lynn Franco, Director of The Conference Board Consumer Research Center: “Consumer confidence deteriorated sharply in August, as consumers grew significantly more pessimistic about the ... Read More »

                    Champion Credit Services Named in CT Cease and Desist

                    Champion Credit Services

                    Champion Credit Services is the happy recipient of a Connecticut Department of Banking cease and desist notice. According to the State: Champion Credit Services is a Connecticut limited liability company with its place of business at 9 Mott Avenue, Suite 305, Norwalk, Connecticut. Champion Credit Services currently holds a license to engage or offer to engage in debt negotiation in ... Read More »

                      Consumer and Business Debt Counseling Services – CBDC Sued by Colorado AG

                      Ready to Collapse

                      Consumer and Business Debt Counseling Services (CBDC), a 501(c)3 nonprofit credit counseling company I’ve written about before, here, has just been sued by the Colorado Attorney General. The scoop on CBDC was they has close working relationships and referrals from for profit companies that were charging high advance fees. The official release says: Colorado Attorney General John Suthers announced today ... Read More »

                        Hey Credit Counseling. How Did We Get the 60-60 Plan So Wrong?

                        I was talking with a debt industry friend today on the phone and he was asking me about the 60-60 program that credit counseling talks about trying to implement in place of debt settlement. Typically the 60-60 program is talked about being a repayment of 60% of the balance over 60 months. After the call I wanted to go back ... Read More »

                          Neil Ruther and Persels & Associates, New Details in Suit for Millions

                          Ruther Settlement

                          Recently I reported on a suit filed against Neil Ruther, Persels & Associates, Joann Ruther, Adam Ruther, WMS Partners, Silo Point Holding, Silo Point, Patrick Turner, Mark Sapperstein, Westport Property Holdings, and Ruther Inner Harbor. See Persels & Associaties Sued By My Professional Advice and Legal Advice Line for Diverting Money. Today I received additional public documents filed in the ... Read More »

                            Selling or Buying Credit Repair Services? Read This Before You’re Busted.

                            The latest unbelievable resurgence in the debt relief world is advanced fee credit repair. That ship sailed a decade ago, at least. Companies are telling marketers that they can sell credit repair services and basically “charge whatever” they want to. But there is this little thing called the Credit Repair Organizations Act (CROA) that prohibits the collection of any fee ... Read More »

                              Marc Penso, David Henson, and CDS Client Services Move Class Action to Federal Court

                              On August 19, 2011, Marc Penso, David Henson, and CDS Client Services, who were previously named in a class action suit filed in Washington State, moved the case to Federal Court. On June 23, 2010, Plaintiff JANIS F. CALLOW (“Plaintiff’) commenced this class action lawsuit individually and on behalf of a class of similarly situated Washington residents against Removing Defendants ... Read More »

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