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Debt Relief Industry

Active Debt Solutions Offers Bargain Basement Rate on Debt Settlement Services

My friends over at Active Debt Solutions just sent in the following information on an approach they are taking to help people deal with getting out of a debt settlement program they may not be happy with. It’s a unique approach and one that can benefit the consumer since it can result in significantly lower fees for debt settlement services. ... Read More »

    Deceptive Mailer – Housing & Economic Recovery Program (PL 110-289)

    PL 110-289 Front

    A tipster (send in your tips here) sent in the following mailer they received for the Housing & Economic Recovery Program (PL 110-289). You will notice the mailer looks like a government document and uses the HUD equal housing symbol. The front references P.L. 110-289 which is actually The Foreclosure Prevention Act of 2008 and something called the “Economic Stimulus ... Read More »

      Debt Relief Legislation in the Works

      Ready to Collapse

      The National Policy Group has just sent out a list of the most recent legislative action covering debt relief. Members of the debt relief industry may want to pay attention to the following proposed legislation: Indiana HB 1410 Indiana HB 1483 Indiana HB 1528 Kentucky HB 133 Mississippi HB 425 & SB 2251 Mississippi HB 824 & SB 2382 Nebraska ... Read More »

        Let’s See if We Can Figure Out the Players in This Legal Helpers Debt Resolution Marketing Pitch

        LHDR Marketing

        I just published a story about Legal Helpers Debt Resolution being hit with a class action suit in Washington. And then in my inbox lands an email with the Legal Helpers Debt Resolution marketing pitch. I’ve covered something like this before and I’d pass writing about it again but in light of the new class action suit I decided to ... Read More »

          Legal Helpers Debt Resolution Hit With Class Action Lawsuit

          Thanks to a tipster (send in your tips here) I got a heads up on a class action lawsuit just filed in Washington. The suit was filed against Legal Helpers Debt Resolution, LLC, JEM Group, Inc, and Marshall Banks, LLC. Marshall Banks is said to be a lead generator and marketer of debt relief programs. This is interesting in light ... Read More »

            Consumer Law Group Says the Florida Attorney General Needs to Back Off Investigating Them

            The Consumer Law Group, American Debt Negotiators, Michael Metzner, Ran Barnea, and Daniel Post have filed suit against the Florida Attorney General. The Consumer Law group and others engage in debt relief services. I’ve written about Consumer Law Group before. This legal model debt settlement firm has been in the news after the BBB warned consumers to stay away from ... Read More »

              Andris Pukke Pleads Guilty in AmeriDebt Coverup. Probably Headed to Prison.

              Pukke Pleads

              In court documents just released, former Ameridebt founder and leader, Andris Pukke has pled guilty to obstruction of justice in his effort to hide millions of dollars of money from his debt relief enterprise. As part of the plea agreement, Pukke, pleads guilty to obstruction of justice and now faces up to ten years in prison, a fin and three ... Read More »

                It’s Cheaper to Buy Fake Credit Cards Than Debt Settlement Leads

                pandasecurityblackmarket

                I suppose this story has more to do with the issues surrounding a free market and supply and demand than anything else. Otherwise how can you explain the reality it is cheaper to buy someone else’s credit card details than it is for a debt settlement company to pay for leads or new clients. A report out by Panda Security ... Read More »

                  Johnson Law Group Suit Moves Slowly. Debt Settlement Attorney Sanctioned for False Statements.

                  Rather than just give you the highlights on this slow day I thought I’d let you share the reading with me on this recent court hearing on the Johnson Law Group case in Nevada. For the past stories on this matter, click here. The transcript contains allegations against attorneys involved, financial sanctions issued against another attorney and more slow rolling ... Read More »

                    FTC Report Revels Significant Rise in Complaints in Debt Management and Credit Counseling Category

                    Sentinel Network Complaints 2009

                    In case readers may wonder how I spend my days, while some of it is writing, most of it is researching. And that research is not glamorous stuff. It often consists of reading reams of really boring reports and publications. One such publication just released by the Federal Trade Commission, Consumer Sentinel Network Data Book, seems to indicate a much ... Read More »

                      1st Choice Family Solutions Selling Services of Platinum Auto Auditors

                      A tipster (send in your tips here) sent in an email they received from 1st Choice Family Solutions regarding their auto loan audit / car modification program. According to the video on the linked site below the service costs $599. The promotional video makes it appear there is a clear relationship between 1st Choice Family Solutions and Platinum Auto Auditors. ... Read More »

                        Cyrus Global Proclaims “Debt Settlement/Management IS OBSOLETE!”

                        Cyrus Global Marketing

                        Cyrus Global is back again with a new sales message for selling debt related services. Last year I wrote about Cyrus Global and promptly got attacked by them in the comments. Take the time and read through the comments on that article to see their responses. Not seven months ago Cyrus Global was selling that their version of debt settlement ... Read More »

                          FTC Names Debt Settlement Companies Hit in Lead Generator Suit. Settled for 8.5 Million Dollars.

                          Ready to Collapse

                          Today the Federal Trade Commission released a suit they filed yesterday against Media Innovations, Hermosa Group, Financial Future Network and Jonathan Greenburg in which they allege debt relief marketing improprieties. The suit also names Debt Group and Epic Financial Management as the companies that received approximately 80% of the leads generated. This action strikes at the heart of lead generators ... Read More »

                            FTC Bans The Hermosa Group and Financial Future Network From Debt Relief Business

                            Ready to Collapse

                            Defendants Must Pay $500,000 to Settle Charges Three companies and their owner, who allegedly falsely claimed they could help consumers quickly eliminate their credit card debts and stop calls from debt collectors, have been banned from the debt relief business under a settlement with the Federal Trade Commission. According to the FTC’s complaint, the defendants, doing business as The Hermosa ... Read More »

                              Notary Network Appears to Sell Way Around Telemarketing Sales Rules for Debt Settlement Companies

                              In a recent press release, NotaryLink, a document signing service, talks about how it can help debt settlement companies deal with new regulations by having the notary network go out and gather signatures. The recent guidelines established by the Federal Trade Commission regulating the debt settlement industry have created an opportunity to help small business owners and solve the growing ... Read More »

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