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Debt Relief Industry

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

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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.

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      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

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                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. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? 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 ... Read More »

                        Federal Housing Program Email. Warning.


                        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 »

                            Tipster Wants to Know What’s Going on With Debt Solutions Network

                            A tipster (send in your tips here) sent in some concerns about Debt Solutions Network. Here is what they said: “In fact, Debt Solutions Network is still charging an upfront fee across all 50 states. See attached client agreement. I accessed DSN through this site: originally calling into Debt Free America. I’m wondering if they are licensed to do business ... Read More »

                              Able Debt Settlement Files Bankruptcy in Texas

                              A tipster (send in your tips here) wrote in to let me know Able Debt Settlement in Texas has filed bankruptcy. On 2-1-2011 they filed a Chapter 11 reorganization plan and listed 1,000-5,000 creditors. This leads me to believe they are listing their clients as creditors. – Source The list of creditors holding the 20 largest unsecured claims is comprised ... Read More »

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