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Debt Relief Industry

All Debt Relief – Reader Express Concern and Rightfully So

All Debt Relief

A reader contacted me to express concern about All Debt Relief. This company chargers fees on credit card in advance and even the settlement funds that will be paid down the road on a credit card and than enrolls that credit card. this may be the worst company ever. I reached out to the company through the email address provided, ... Read More »

    Sean Zausner, David Zausner, David Feingold Agree to Pay Millions to Settle With FTC

    Ready to Collapse

    David Feingold of Elimadebt was named as part of a $19 million settlement with the FTC over some of his other business activities. Today the FTC announced that under a settlement with the Federal Trade Commission, a federal court banned three men and their company from the mortgage modification business and ordered them to pay nearly $19 million for consumer ... Read More »

      Enhanced Servicing Solutions and Thomas Roland Sued by Colorado Attorney General

      Ready to Collapse

      Enhanced Servicing Solutions and Thomas Roland have been sued by the Colorado Attorney General for offering services to Colorado residents through unregistered debt management services. This appears to be a follow-up action by AG Suthers after he took action recently and sued the Johnson Law Group, which Roland has a controlling role in for offering debt settlement and debt management ... Read More »

        Former TASC Board Member Charged With Driving Under the Influence in Florida

        Nicky P

        I have no idea in the world how readers of this site find these things. They just arrive in my inbox. Here is the latest TMZish scoop of the day. A tipster (send in your tips here) sent in the following mug shot of Nick Passalacqua who was arested and charged with driving under the influence in Florida. Nick is ... Read More »

          GFS World Law Says You Can Make a Million Dollars a Year Selling Debt Settlement and Tax Resolution

          A tipster (send in your tips here) sent in this job posting by a company, GFS World Law. It’s important for possible marketing representatives to ask questions before considering such postings. I’m hoping members of the debt relief community can comment on the advertisement below. Is it fair and reasonable to potential applicants? To begin with, GFS World Law claims ... Read More »

            Credit Card Charge Off Rates Continue to Fall

            Ready to Collapse

            Story out in Collections & Credit Risk is reporting the average consumer credit card default rate has continued it;s decline for most large issuers in May, according to Moody’s Investors Services. All of the top six credit card issuers except JPMorgan Chase & Co. on June 15 reported fewer accounts deemed uncollectible during May, and Chase’s increase was so slight ... Read More »

              CNI – Century Negotiations Wants to Raise My Fees. – Honeylou


              “Dear Steve, I just received a letter from CNI regarding increasing their monthly fees (see attached), is this even possible?. I have been with CNI for 4 yrs and they closed 2 of my smaller accounts. The big debt that I have is still hanging and CNI told me that I need to grow my funds before they can settle ... Read More »

                Shit Law Jobs – Debt Settlement Attorney & Loan Modification Attorney

                Ready to Collapse

                I never knew this site existed Funny. A reader and tipster (send in your tips here) wanted me to see the recent job posting for debt settlement attorneys. Enjoy. Debt settlement attorney job in Sacramento We are a small finance firm in Highland Park that purchases packages of charge-off debt, looking to hire an attorney to file cases for ... Read More »

                  ReadyForZero Friends Score Big. Congratulations Guys!


                  Just heard two fantastic bits of news from my friends over at, the free service to help get out of debt. They have just closed a round of venture funding for $4.5 million that will allow them to take the platform even further. ReadyForZero is a free service that allows people to reduce their debt faster by prioritizing their ... Read More »

                    Golden Financial Services Looking For Sales Reps for “Luxury Debt Settlement Program.”

                    I’m now getting a bit more worried for sales representatives and marketers that fall into programs promising all sorts of fantabulous claims. Take this ad below that a tipster (send in your tips here) sent in that Golden Financial Services is running. It seems that the advertisement for potential sales representatives is making some very bold claims that could run ... Read More »

                      Nationwide Support Services and Legal Helpers Debt Resolution Employee Speaks Out

                      Ready to Collapse

                      The following guest post was contributed by an employee of Nationwide Support Services that handled Legal Helper Debt Resolution Accounts. They wanted to speak out anonymously to better help consumers understand the realities of the process. Any highlighted text has been added by me to make some key points stand out. If you would like to contribute a guest post, ... Read More »

                        Nationwide Support Services Says What? Are Marketers Being Told the Truth?


                        A tipster (send in your tips here) sent in the following graphic that was sent out by Nationwide Support Services in an attempt to attract new companies to send them clients. I added the arrows to the image to point out some items that caught my eye. Now it might just be that Nationwide Support Services has some secret sauce ... Read More »

                          Consumer Credit Counseling Service – CredAbility, Lays Off 70

                          Ready to Collapse

                          A tipster (send in your tips here) just sent this in and pointed out the news yesterday in the Atlanta Journal-Constitution that said the non-profit credit counseling group CredAbility has laid off 70 employees due to a reduction in funding and consumer demand for debt relief services. CredAbility grew with the economic collapse. In 2007, it had 270 workers and ... Read More »

                            Legal Helpers Debt Resolution Slapped with Class Action Case in North Carolina. Local Attorney Said to Be Just a Front.


                            This case is so fresh I’m not sure if Legal Helpers Debt Resolution even knows about it yet. On June 9, 2011 Stewart v. Legal Helpers Debt Resolution, Macey, Aleman, Hyslip & Searns, CDS Client Services, Jeffrey Hyslip, and Linda Carol was filed. The suit alleges the Legal Helpers Debt Resolution (“LHDR”) holds itself out as a law firm that ... Read More »

                              Morgan Drexen Sued in Virginia. Called Parasitic. Allegedly Violated Credit Counseling Act.

                              MD Fees

                              A state court case against Morgan Drexen has just been moved to federal court. This case is Jenny Sykes v Morgan Drexen. The suit alleges Morgan Drexen is in violation of the Virginia Credit Counseling Act by not being licensed in Virignia to offer services in compliance with the act. The suit names Walter Ledda as CEO and says he ... Read More »

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