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Debt Relief Industry

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 »

                  Let’s Play, Do They Comply, With NewsOn11.com and Debtmerica Relief

                  NewsOn11.com - February 28, 2011 (20110228)

                  It has been a while since we played “Do They Comply” but a tipster (send in your tips here) sent in the following information and wanted me to share it with you. I think we have a new winner in the DECEPTIVE ADVERTISING DEPARTMENT http://www.newson11.com/debt.php Check it out, they prepare it like its a REAL SITE and a Real News ... Read More »

                    Tipster has Concerns About US Legal Service Group Affiliate Pitch

                    Ready to Collapse

                    The following email below was sent in by a tipster (send in your tips here). Tipster Submission I got this email after filling out an affiliate request for info from www.merchleads.com. This email is disturbing. The email comes from a guy named Ryan Amir whose direct number is 818-822-4800. He does recruiting for US Legal Services Group who works with ... Read More »

                      Why the Debt Relief Industry Needs GetOutOfDebt.org

                      photo © 2008 Dan Perry | more info (via: Wylio)In the early 2000s I received a call from a regulator friend that changed my life and eventually led to the work I do here reporting on the debt relief industry. This was back in my Myvesta days and the regulator friend said, “Steve, I’m planning to go after Ameridebt by ... Read More »

                        First Stone Credit Counseling Target of Tax-Exempt Status Revocation

                        First Stone Credit Counseling 7

                        A tipster (send in your tips here) has sent me a petition to the Internal Revenue Service which asks for for an investigation and revocation of the tax-exempt nonprofit status for the credit counseling group. I took a look at the claims made and they do appear to be supported by the website of First Stone Credit Counseling so I ... Read More »

                          Is World Law Going to Get in Hot Water Letting Affiliates Run Wild with Marketing?

                          A tipster (send in your tips here) has sent in the following email and since it is well documented I’ll print it as is. Is World Law going to get in hot water letting affiliates run wild with marketing? On same page- http://www.debtelimination.co/ All Accounts Serviced and Negotiated by World Law Plan, the Premier Debt Negotiation Law Firm in the ... Read More »

                            Federal Housing Program Email. Warning.

                            Online-ReliefServices.com

                            A tipster (send in your tips here) sent in the following email they received. A while ago you inquired with us about a modification for xxxxxx xxxxx. This is an important notice regarding a Federal program now enables you to have xxxxx reviewed. This is a direct intervention for the first time to help people who are in imminent finciancial ... Read More »

                              Canada Credit Fix Claims to Clear Your Bad Credit and Only Pay Ten Cents on the Dollar for Settlement

                              Ten Cents on the Dollar

                              A wonderful tipster (send in your tips here) brought the following company to my attention. Canada Credit Fix claims to be able to remove accurate but negative information from your credit report in Canada. They also claim to be able to settle debts for ten cents on the dollar. The tipster (send in your tips here) says they first heard ... Read More »

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