Latest Posts
Home > Debt Relief Industry (page 60)

Debt Relief Industry

In Ohio If You Are Working With a Credit Counselor You Can’t Be Garnished

Ready to Collapse

And here is one of those little odd facts that appears from time to time that I never knew. Yes, I still learn new stuff frequently as well. The Ohio statute 2716.03 Commencing proceeding for garnishment of personal earnings says: No proceeding in garnishment of personal earnings shall be brought against a judgment debtor for the collection of a debt ... Read More »

    Canadian Debt Relief Company: Top Five Reasons to Avoid American Debt Settlement Companies

    Ready to Collapse

    Thanks to a great tipster (send in your tips here) I found out about an article published by Total Debt Freedom in Canada. The blog post warns readers to avoid American companies that are headed into Canada to sell debt relief services. Here are the five reasons: Canadian creditors sue more often than American creditors. American debt settlers have little ... Read More »

      Fed Reports Consumer Debt Levels Rise

      DDPChart

      The latest Federal Reserve Consumer Credit release is out and while consumer debt levels increased at an annual rate of 3 percent in the last reported month, April, the bad news is that the rise is fueled by non-revolving student loans, auto loans, etc. Revolving debt continued it’s fall but at a slower pace of an annual rate of negative ... Read More »

        Debt Settlement Offer – Exclusive Discounts From Top Debt Settlement Programs

        The following guest post was contributed by Damon Day from DamonDay.com If you would like to contribute a guest post, click here. Debt Settlement Offers That Can Save You Big Money Of the many helpful services I offer to consumers, the Exclusive Debt Settlement Offers and Discounts that I can provide is one of the favorites among my clients. To ... Read More »

          Credit Counseling Groups Laying Off Staff. Even the NFCC HQ Had a Recent Layoff.

          Ready to Collapse

          A story out today in Collections & Credit Risk highlights some of the issues facing credit counseling groups now with decreased demand by consumers. “Consumers have resolved their credit card problems to such an extent over the past year that nonprofit credit-counseling firms are noticing a significant decline in demand for their services, resulting in layoffs at some firms.” “The ... Read More »

            Law Firm Makes it Part of Their Practice to Go After Debt Relief Companies

            Legal Assistance Center

            A tipster (send in your tips here) sent me the link for the Legal Assistance Center in Florida that now has a defined part of their practice to go after what they call, “credit scams.” The page describing this part of their practice says: Many debt relief and loan modification companies simply charge large upfront fees with promises that are ... Read More »

              Why It Makes Sense to Consider Debt Settlement for Second Mortgages and HELOCs

              Ready to Collapse

              The debt settlement strategy has generally been limited to negotiation of unsecured debt accounts like credit card debt, store charge cards, personal loans, and medical bills. With secured debts, there is always collateral at stake, in the form of property like a home or vehicle. Given the right of secured creditors to foreclose or repossess property, it didn’t make much ... Read More »

                Credit Counseling Warned About Surviving The Next Couple of Years

                Ready to Collapse

                I’ve been saying that the debt relief space is in a difficult spot right now. And I’ve provided warnings to all members of the debt relief community. Some have trounced me for being too “negative” in what I see just ahead. But recently Jeff Tenenbaum gave a presentation at the recent credit counseling meetings of ACCPros. Here is what he ... Read More »

                  Red & Green State Update – June 2, 2011

                  Ready to Collapse

                  Statutory and regulatory compliance has always created challenges for any industry as they have created uncertainty and complexity in organizations strategic plans. Debt relief providers constantly have to navigate compliance issues, especially for companies that operate in multiple states. As the TSR has now aged 6 months and states continue to move forward with pending legislation that is even more ... Read More »

                    Practical Debt Relief, Let’s Play Do They Comply

                    A tipster (send in your tips here) and reader sent in an email and thought we should play another round of Do They Comply with the website of Practical Debt Relief. For those new to the game, Do They Comply is where debt relief professionals review the online marketing of a company and provide comment about if the advertising is ... Read More »

                      Elimadebt Player Comes Back Around in FTC Settlement With First Universal Lending

                      Ready to Collapse

                      David Feingold, a lawyer out of Florida, who I first reported about in relation to Elimadebt, has surfaced again as part of a reported FTC $18.8 million settlement regarding his actions in the loan modification business. The Balm Beach Post is reporting that David J. Feingold, Sean Zauser, and David Zauser have agreed to pay back $18.8 million which will ... Read More »

                        Johnson Law Group Florida Gets Permission to Make Client Payments Under Supervision

                        The Florida Bar had recently gone after attorney Clint Johnson of the Johnson Law Group for irregularities in his law firm trust account. In fact Attorney Johnson had his law license suspended. You can catch up by reading this article. When I wrote that last article the court still had a freeze on all of Johnson’s trust accounts, including those ... Read More »

                          Global Client Solutions Named in Yet Another Case. This Time With Alliance8, Freedom Financial Management, Richard Lenard.

                          The cases keep on coming against Global Client Solutions. Here is one I just spotted that had been previously filed in state court but was just moved to federal court on May 6, 2011. Mary Lord v. Alliance 8, Freedom Financial Management, Global Client Solutions, Rocky Mountain Bank & Trust, and Richard Lenard. It appears the move was brought about ... Read More »

                            CCCS of Greater Atlanta Sues CreditAbility

                            CreditAbility

                            On May 25, 2011, Consumer Credit COunseling Service of Greater Atlanta filed suit against a debt relief company in Iowa named CreditAbility. It seems CCCS of Greater Atlanta, who goes by the name CredAbility took exception to the similarly named debt relief provider, CreditAbility. In July 2005 CCCS of Greater Atlanta filed a trademark application for the mark CredAbility. They ... Read More »

                              Fake Testimonials Nail Company. FTC Watching.

                              Ready to Collapse

                              And here is why debt relief websites should not use fake consumer testimonials. This just out today from the FTC. The Federal Trade Commission has charged Russell Dalbey, the CEO and founder of the company behind the “wealth-building” program “Winning in the Cash Flow Business,” with defrauding consumers, in some cases out of thousands of dollars, with phony claims that ... 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.