Latest Posts
Home > Debt Relief Industry (page 77)

Debt Relief Industry

SEO Campaign Goes Bad For Cyrus Global. Or Are They Just That Illiterate?

A tipster (send in your tips here) sent me an email and asked me to read the latest press release put out by Cyrus Global, a company I’ve written about before. The release linked to the company on the term Debt Settlement and looked like it should have also linked on Credit Card Debt at the bottom. Companies try to ... Read More »

    Further Evidence Pool of Debt Relief Consumers is Shrinking


    TransUnion just release its latest credit card delinquency numbers showing that 90 day lates are down 32 percent, year on year. “The ratio of bank card borrowers delinquent has flattened out considerably,” says TransUnion. This furthers my hypothesis that the reason demand for debt relief services is decreasing across all the major niches of debt relief, i.e. debt settlement, credit ... Read More »

      Apparently American Financial Service Did Not Get the Memo on Advanced Fees

      American Financial Service

      A tipster (send in your tips here) sent me a link and asked me to look at the website for American Financial Service. The tipster (send in your tips here) said they were still claiming to charge an advanced fee for debt settlement services. Well sure enough, it does appear that American Financial Services does make the statement about charging ... Read More »

        Plan B Credit & Debt Consultants Site Offers An Extra Freebie, Malware.

        Plan B Malware

        A tipster (send in your tips here) wanted me to look at the site so I could examine some free report they were offering. Just one problem, apparently visiting the site results in your computer getting infected. At least according to Google. Oh crap! Doen’t make that free report their offering look like such a deal now, does it? ... Read More »

          U.S. Debt Settlement Companies, Vortex Debt Group and Cambridge Life Solutions, Targeting Canadians

          Cambridge Life Canada

          News out of Canada says that troubled Vortex Debt Group from Florida, and Cambridge Life Solutions out of California are now targeting Canadians with advanced fee debt settlement that is now illegal in their home country. From what I see in the Cambridge Life Solutions pitch they simply took the U.S. pitch and stuck a red maple leaf on it ... Read More »

            Debt Relief Scammer, Sovereign Citizen Unto Himself, Headed to Jail. TN Attorney Fell for His Debt Renegotiation Scheme.

            A Tennessee businessman, Charles McKuhn, Jr. was found guilty of scamming consumers and churches out of advanced fees for debt reduction, debt consolidation and foreclosure prevention services. McKuhn had claimed his company Taurian Worldwide, Inc. (TWI) has some arrangement to use government bailout dollars to assist people in financial trouble. He also continued his ruse through Interstate Capital Trust, Commercial ... Read More »

              Steve Rhode is a Scam and Sucks

              Ready to Collapse

              I thought it was important to have one article on this site I could point my detractors to instead of having to say the same thing over and over again to some commenters. So here is the article. First of let me say, I am not a scam and if you feel the site sucks, that is entirely your prerogative. ... Read More »

                Uniform Debt Management Services Act (UDMSA) Proposed Changes Impact Debt Settlement and Credit Counseling

                The UDMSA, the framework some states use for regulating debt relief services, has had some revisions suggested. These changes come from the Uniform Law Commission. Some important parts I noticed: Caps fees for debt settlement; Does not allow the full fee to be taken at the time of an agreement with the creditor or first payment; No setup fee or ... Read More »

                  FTC Sues US Mortgage Funding, Debt Remedy Partners,, David Mahler, John Incandela, and Jamen Lachs

                  I had heard from multiple tipster (send in your tips here)s over the past ten days about an alleged raid on one or more office in Florida related to some action against U.S. Mortgage Funding. Here are the details of the FTC action against US Mortgage Funding, Debt Remedy Partners,, David Mahler, John Incandela, and Jamen Lachs that was ... Read More »

                    Debt Relief Search Trends Continue to Show a Downward Decline

                    Debt Settlement Trends

                    Recently I wrote about my forecast for a decreasing demand for debt relief services. Here is another part of the puzzle that seems to show decreasing consumer interest in some specific debt relief topics using the Google trends search traffic monitoring tool. The data was filtered for U.S. searches only and as you can see, there are noticeable declines in ... Read More »

                      Debt Free Options Catches Eye of Tipster

                      Debt Free Options

                      A site tipster (send in your tips here) sent in the following statements about Debt Free Options at Doesn’t make sense, they say “…reducing your debt by up to 70%” but then say “beware of debt settlement” Did they use enough BBB logos? So I took a look. Sure enough Debt Free Options does use a lot of references ... Read More »

                        Debt Relief Providers to See General Slowdown Until Credit Loosens

                        Ready to Collapse

                        As part of what I’m seeing out in the debt relief world, the demand for debt relief services in general is slowing for everybody in the debt relief space. It’s been interesting to watch credit counseling blame debt settlement, and debt settlement blame bankruptcy and bankruptcy blame everyone for the lower demand for services. I just posted an article on ... Read More »

                          Interesting Approach. Apex Credit. Pay for Credit Repair in Advance and Get Debt Settlement if You Need It.

                          Apex Credit, located in California, has a new twist on selling debt settlement services. Company agrees to provide credit restoration services to (“CLIENT”) under the terms and conditions of this Agreement (the “SERVICE”). The Service consists of credit report cleanup and the negotiation and settlement with creditors of unsecured debt on behalf of the Client if necessary to obtain this ... Read More »

                            Hutton & Dougherty. An Interesting Approach.

                            A tipster (send in your tips here) brought a company called Hutton & Dougherty to my attention.The company is actually Hutton-Dougherty, Inc, a California corporation. Douglas Scott Hutton is an officer and Gerard M Dougherty is the registered agent. – Source. Gerard Dougherty is a lawyer in California. – Source. It does not appear that Hutton is a lawyer. He ... Read More »

                              Consumer Financial Protection Bureau. Amazing Website. Loaded for Bear.


                              The new Consumer Financial Protection Bureau (CFPB) website is up and interested people can subscribe to updates by visiting it. Visit Even from their featured logo you can tell they plan to be the cop on the financial beat. The enforcement chief of the CFPB is Richard Cordray. Cordary has already indicated he plans to come out swinging with ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.You can unsubscribe at any time with just one click.After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

                                I promise to keep your email safe and secure.