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Debt Relief Industry

Debt Settlement and Credit Counseling Search Volume Still Down

debt settlement search

I took another look at the search volume of the terms “debt settlement” and “credit counseling” to see if there has been any uptick in search volume for these terms. According to data from the last 12 months the number of consumers searching for these terms is hovering at historically low levels. Debt settlement search traffic appears to be off ... Read More »

    Hat Tip to Advantage CCCS for Some Funny Debt Monkey Commercials

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    A tipster (send in your tips here) sent in links to the following commercials by Advantage CCCS. Really funny stuff. Get Out of Debt Guy – Twitter, G+, Facebook I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here. Read More »

      TX Class Action Suit Filed Against Debt Choice, Lexxiom, The Iniguez Law Firm, and Miguel Iniguez, Esq.

      A tipster (send in your tips here) brought the recently filed class action case in Texas to my attention. Mary Hope v. Debt Choice, Lexxiom, The Iniguez Law Firm, and Miguel Iniguez. It is yet another case that involves an attorney debt settlement model, back-end servicer, and marketing partner. On March 22, 2011 Mary Hope filed a class action lawsuit ... Read More »

        Credit Counseling IRS Non-Profit Status Revocations for 2011

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        The IRS has revoked its determinations of the following organizations as described in sections 501(c)(3) and 170(c)(2) of the Code. Christian Credit Counselors International, Santa Ana, CA – 2-28-2011 Consumer Credit Protection Agency, Tampa, FL – 2-28-2011 Debt Serve, Fort lauderdale, FL – 2-22-2011 Falls Consumer Credit Management, Akron, OH and Saint Clairsville, OH – 2-28-2011 Harbour Credit Counseling Services, ... Read More »

          Non-Profit Credit Counselor CEOs Making Big Bucks

          NP Comp

          Thanks to a tipster (send in your tips here) I was directed to an article that appeared recently titled Non-profit credit advisers cash in; CEOs earn big as consumers struggle. The article does make some interesting observations that some of the larger non-profit credit counseling groups do pay their CEOs a tremendous amount of money in compensation. “Of the 44 ... Read More »

            My Walking Tour of Cambridge Credit Counseling

            Recently I had the pleasure of meeting up with the folks at Cambridge Credit Counseling in Springfield, Massachusetts. I wanted to take you on an audio tour of the office and share with you what I saw. Audio Tour of Cambridge Credit Counseling During the tour you will hear me talk to Thom Fox about our previous visit to the ... Read More »

              Affiliate Word Salad With CuraDebt Dressing


              The following guest post was contributed by Michael Bovee from Consumer Recovery Network. If you would like to contribute a guest post, click here. Affiliate Word Salad With CuraDebt Dressing Here is a link to a perfectly ridiculous web page example that can be found littering the internet with key word search optimized word salad: The first paragraph identifies what ... Read More »

                Legal Helper Debt Resolution Lawsuits Picking Up Steam

                LHDR Cases

                A tipster (send in your tips here) sent me something about a Legal helpers Debt Resolution case I’ve already covered but it made me wonder if there were more cases that had been recently filed in U.S. district courts against Legal Helpers Debt Resolution. So I went and looked. Maybe I had not seen the timeline before or put together ... Read More »

                  The Future of Lead Generation in Debt Relief

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                  The following guest post was contributed by Michael Bovee at Consumer Recovery Network, an expert in DIY debt settlement help and a member of the AACC. If you would like to contribute a guest post, click here. Advertising & lead costs are the largest expense for many companies in the debt relief space. The other day I was talking with ... Read More »

                    Free Webinar – State Debt Adjustment Acts, The Ins and Outs of License, Insurance, Bonds and Fees

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                    Webinar: Thursday March 24th 3:30 pm Eastern Update Link for Call: Meeting Password: usdr Meeting ID: 425-750-374 “If you operate in the debt relief space, you need to be on this call.” – Steve State Debt Adjustment Acts The ins and outs License, Insurance, Bonds, and Fees 55 minute webinar State review The webinar is hosted by Scott Johnson, ... Read More »

                      Florida Continues Crackdown on Telemarketing Licenses. Sales Scripts Need to Be Submitted in Advance.

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                      Last year I wrote about the need for a Florida telemarketing license if you are calling out of or into Florida for clients. Information on how to get a license can be found here. Apparently telephone sales scripts need to be submitted to the department prior to use. At least that’s what some folks found out the hard way. This ... Read More »

                        Hey Credit Counseling It’s Coming. The No Fairshare Debt Management Plan.

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                        Over the past year there has been more talk from people about rolling out a 0% fairsahre debt management plan. Fairshare is the money creditors “contribute” to non-profit credit counseling groups. It’s a percentage of funds collected from consumers and returned to their creditors. In the mid-1990s the fairshare percentage was 15% of all funds returned to creditors. Today it’s ... Read More »

                          Second Attorney, Partner, Has Law License Suspended for 6 Months for Debt Settlement Activity

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                          Yesterday I published information about an attorney in Florida who had his law license suspended for debt settlement activity. What I missed was his partner had his law license suspended as well. Thanks to commenter Bulb it was pointed out to me. “Brett Feinstein, 407 Lincoln Road, Suite 2A, Miami Beach, suspended for six months, effective 40 days from a ... Read More »

                            What’s Your Opinion? Is Debt Settlement the Unauthorized Practice of Law?

                            I was just reading a recent case filed against Freedom Debt Relief, Freedom Financial Network, Global Client Solutions, and Brad Allen. The case alleges that the defendants violated the debt relief provisions of the bankruptcy code, violated California law, engaged in the unauthorized practice of law and violated the California consumer fraud act. You can read the full complaint here. ... Read More »

                              Florida Lawyer Suspended for Debt Negotiation Assistance and Fee-Sharing

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                              A tipster (send in your tips here) forwarded me a copy of the latest disciplinary actions out of Florida that show an interesting situation which may have a far reaching impact on attorney-back office relationships with debt settlement companies. Douglas David Stratton, Miami Beach, Suspended for 30 days, effective 15 days from a January 4 court order. Stratton’s practice expanded ... Read More »

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