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Debt Relief Industry

Arizona Attorney General Reaches Deal WIth Principal Reduction Group

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Attorney General Tom Horne today announced recently a settlement agreement with Scottsdale based Principal Reduction Group, LLC, and Brian Cutright, owner and operations manager of Principal Reduction Group, LLC. Pursuant to the settlement agreement, Principal Reduction Group and Brian Cutright agree to no longer engage in any activity, directly or on behalf of any third party, that involves originating, closing, ... Read More »

    Mass Joinder Mortgage Litigation Secret Shopper Call Transcript. Not Good.

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    Last week I made a secret shopper call to one of the companies that are advertising for mass joinder plaintiffs. My concern with the mass joinder mortgage litigation marketing is that the massive commissions being paid are going to lead to marketing abuses. In this call the marketing representative shared some interesting information. They told me that: I’d be financially ... Read More »

      Brookstone Law, PC, Fights Defamatory Statements From Individuals Posing As Potential Clients and Representing Themselves As Associated With Brookstone

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      Law Firm Dedicated to Protecting Consumers’ Rights Denounces Defamatory Internet Postings, Plans Aggressive Defense To Stop Negative Internet Campaign Newport Beach, CA (Vocus/PRWEB) March 11, 2011 An investigation by Brookstone Law PC has revealed allegedly illegal usage of the name and likeness of industry leaders Brookstone Law PC and Mitchell J. Stein, Esq. and their current lawsuits, according to Vito ... Read More »

        BBB Canada Issues Warning About U.S. Debt Settlement Companies, Vortex Debt Group and Cambridge Life Solutions

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        Looks like debt settlement troubles have headed up to Canada and a couple of U.S. based companies have made a noticeable splash. A Canadian newspaper is warning consumers to be wary of two specific U.S. based debt settlement companies. The Now is reporting: In the last two months, numerous companies identifying themselves as debt settlement experts or credit counsellors have ... Read More »

          Mass Litigation Alliance Sends Presentation Showing Phillip Kramer and Mitchell Stein Working Together With MLA

          Mass Joinder Law Suit- Info_page0

          Mass Litigation Alliance just sent me the following presentation which is confusing because it sure looks like Mitchell Stein and Phillip Kramer are working together through Mass Litigation Alliance on selling consumers access into mass joinder mortgage litigation. The last slide is the one of most interest in making a connection between Kramer and Stein. Read More »

            Mesa Law Group Sending Out Form 1012-R Mass Joinder Mailer

            Form 1012-R

            An awesome tipster (send in your tips here) uploaded a copy of the Form 1012-R mass joinder mailer they received. They said: After receiving 2 of these today I came to my computer to google the information which led me to your site. I did not find World Savings listed. I did however see your request for the entire mailing, ... Read More »

              Cyrus Global Says Debt Restructuring is Better Than Anything Else

              Affilliate Presentationfixed (1).001

              A tipster (send in your tips here) sent in a pitch Cyrus Global is sending out information to prospective affiliates/partners promoting that debt restructuring is superior to debt litigation lawyers, debt settlement companies and debt management companies. Has anyone talked to an actual consumer that had a debt buyer that purchased their debt and restructured it for them? I haven’t ... Read More »

                What to do Right Now if You Are a Debt Settlement Company and You May be Going Out of Business. Lessons Learned.

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                It occurred to me that this morning I wrote an article about what to do if your debt settlement company might go out of business but while I’m sitting here waiting for my next flight I thought I’d share some advice if you are a debt settlement company and it does not look like you will be able to continue ... Read More »

                  DRO, Debt Relief Options. Let’s Play “Do They Comply?”

                  DRO Timelines

                  Today’s candidate for Do They Comply was sent in by a regular tipster (send in your tips here). It’s a good example to use for out little compliance game. Of interest is the column showing the saving example. I bet Freedom Debt Relief would have some advice to give on that issue after their recent settlements with states. Click on ... Read More »

                    Consumer Services Protection Commission. What a Load of Crap!

                    Department of CSPC

                    Loyal readers of this site know I look at a lot of debt relief sites and sometimes write reviews of those sites. Well this site is so egregious it does not need a lengthy review. It’s just total crap. The Department of Consumer Services Protection Commission pretends to be something it is not. It pretends to be a government protection ... Read More »

                      Center for Responsible Lending Sends Out Press Release on California Debt Settlement Consumer Protection Act (SB 708)

                      The Center for Responsible Lending has sent out the following press release on the California Debt Settlement Bill that has been proposed by Majority Leader Ellen Corbett. Here is a copy of the current version of SB 708 as introduced. The history of SB 708 can be found here. Read More »

                        Freedom Debt Relief Pays Over One Million Dollars to Settle With NY Attorney General

                        Just last week Freedom Debt Relief settled with the State of Washington for a bit over $740,000. Today out of New York comes the announcement that Freedom Debt Relief os now settling an issue there for $1.1 Million. This case should be a warning to any debt settlement company that is advertising any claims of specific savings and debt reductions ... Read More »

                          BBB to Regrade Debt Settlement Companies

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                          Multiple sources have now come forward to share with me information that shows the BBB has written an extensive guide on regrading BBB debt settlement company members. The bottom line is that the BBB recognizes the importance of the FTC Telemarketing Sales Rule implementation and is using that as the basis of the regrading. The good news is this will ... Read More »

                            Mass Joinder & Mass Litigation Affiliate and Marketing Information

                            K2 Affiliate

                            In an effort to wrap my head around who are the current players in the marketing of mass joinder and mass litigation when it comes to mortgages I’m posting this article. This post draws no conclusions but is simply a repository of examples of this type of marketing. If you have any additional examples, please post them in the comments ... Read More »

                              Tipster Wants to Know, are Credit Arbitrators and Credit Answers the Same Outfit?

                              Credit Arbitrators Building

                              A tipster (send in your tips here) want to know if Credit Arbitrators was the same company as Credit Answers. I took a look at the two websites and discovered they have the same picture of the same office building they work in. I’ll let you comment and judge. Click image for a larger view. Certainly an interesting coincidence. And ... Read More »

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