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Debt Relief Industry

Debt Settlement Lead Seller Targets Disabled and Elderly

Loan Mod Settlement Leads

I spotted this little nugget online. It’s a California based company that is selling debt settlement leads that appear to target people on SSI, pensions, or retirement. – Source Feel free to comment. Read More »

    Mass Joinder Mortgage Lawsuits Just Got a Whole Lot More Foul Smelling

    Brookstone Sales Ad

    An amazing tipster (send in your tips here) sent in a bunch of documents on the sales approach for the recent wave of mass joinder lawsuits that are being sold as a way to get your house free and clear. These documents, that I will share with you below, not only create some potential concerns over legal fee splitting but ... Read More »

      Debt Relief Cottage Industry Springs Up. Fee Recovery by the Center for Legal Justice.

      Center for Legal Justice

      In the interest of disclosure I have had conversations recently with Damon Day, an independent debt coach, that does provide a fee only on recovery service for consumer paid fees for debt relief service not delivered. I’ve also spoke with others previously inside the debt settlement arena who are considering launching national services to recover fees paid specifically for advanced ... Read More »

        New Life Debt Relief and Debt Stub Have Similar Websites and Settlement Examples

        NewLiftDebtRelief.org

        A commenter on an article I just wrote about DebtStub.com, (see article here), which says they are located DebtStub.com, 128 Old Town Rd Suite A Setauket, NY 11733, just posted that a comment saying the DebtStub.com site looks the same as the New Life Debt Relief site. New Life Debt Relief says they are located at New Life Debt Relief, ... Read More »

          Freedom Debt Relief to Pay Big Settlement to Washington Residents

          FDR Judgment Summary

          The Attorney General in Washington announced today they had reached a settlement with Freedom Debt Relief to pay nearly $800,000 in restitution plus attorneys fees and costs. We’re paying special attention to operations that take advantage of people who, due to this tough economy, are already struggling to put food on the table and keep the lights on,” Attorney General ... Read More »

            Debt Stub, DebtStub.com, “Our Reputation Speaks for Itself.” What’s It Saying Now?

            DebtStub.com

            A tipster (send in your tips here) point out DebtStub.com to me and asked me to check if they were a USOBA member, since I have found many recently who are not but displaying the seal. A look at the site found they are using the USOBA logo. They claim to be members of both TASC and USOBA but TASC ... Read More »

              Let’s Play “Do They Comply” With Delray Credit Counseling

              AACCPros

              Readers of this site know how to play “Do They Comply.” But if this is your first time, take a look at the advertisement below and provide your feedback if you think the advertisement is fair and reasonable. I was surfing online and the following ad stood out. At first it appeared to be ad advertisement for ACCPros, a group ... Read More »

                State of Washington Files Amicus Brief in Support of Case Against Freedom Debt Relief and Freedom Financial Network

                Another brief forwarded to me recently by a regulator friend was that of the amicus brief filed by the State of Washington in a private case against Freedom Debt Relief, Freedom Financial Network, Andrew Houser, and Bradford Stroh. The issue appears to have been if Freedom was in fact a debt adjuster under the Washington Debt Adjusting Act. The claim ... Read More »

                  Global Client Solutions and Rocky Mountain Bank & Trust Said to Have Aided and Abetted Debt Settlement Companies to Violate Statute

                  A regulator friend of mine just forwarded me a copy of the State of Washington amicus brief filed in a class action case I reported about previously. The case is Carlsen v. Global Client Solutions and Rocky Mountain Bank & Trust. – Source The State of Washington weighed in on the matter and make some strong statements that do not ... Read More »

                    Legal Helpers Debt Resolution Lawsuit May Just be the Primer to Kill Most Attorney Model Debt Settlement Groups

                    Ready to Collapse

                    For some it was only a matter of time before a regulator took a swipe at the attorney model debt settlement approach. Well today the mystery was solved of who it would be. Attorney General Lisa Madigan, a hero of many for standing up for consumers, answered the call and filed suit today against Legal Helpers Debt Resolution, headquartered out ... Read More »

                      Details on Suit Filed Against Legal Helpers Debt Resolution by Illinois Attorney General Madigan

                      U.S. National Debt Relief Plan

                      For the sake of disclosure, everything below is what is alleged in the lawsuit against Legal Helpers Debt Resolution, also known as Macey, Aleman, Hyslip & Searns. The suit kicks attorney model debt settlement and says it is no better than service delivered by a non-law-firm debt settlement provider. LHDR rarely, if ever, negotiates settlements with all of consumer’s creditors. Read More »

                        It Begins. Illinois AG Sues Legal Helpers Debt Resolution.

                        Ready to Collapse

                        Yesterday Lisa Madigan, the Illinois Attorney General filed suit against Legal Helpers Debt Resolution, PC. Legal Newsline is reporting that Legal Helpers Debt Resolution “allegedly charged upfront fees for its debt settlement services, but went back on its promises. Legal Helpers Debt Resolution LLC allegedly charged consumers with promises to make them debt free. The consumers’ debt was never relieved, ... Read More »

                          The Debt Relief Superhero Masked and Unmasked Frickin Story – Part 1

                          A reader wanted to contribute the following series as a guest poster. And before anyones gets going, the author of this series is not me. Our guest author comes from inside the debt settlement world and wanted an opportunity to share their story. This marks the first installment of what the guest author says will one of many. Enjoy this ... Read More »

                            Let’s Play “Do They Comply” with this Covenant Debt Solutions Mailer

                            Covenant Debt Solutions Mailer

                            A tipster (send in your tips here) sent in the following mailer they received from Covenant Debt Solutions. So let’s play another round of “Do They Comply” and take a look at some of the claims made. Feel free to weigh in by posting your observations and comments below. I’ve pointed to some interesting areas and I’ll reserve comment for ... Read More »

                              The FTC Does Not Want Debt Settlement to Survive

                              A tipster (send in your tips here) sent in the following comment I wanted to address. But now that debt settlement is dwindling, it is clear the FTC wants this industry not to survive or rebound. DS needs internet marketing. FTC is shutting down lead gens, who are not companies, and pretty much everyone right now. photo © 2008 Hazrulnizam ... Read More »

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