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Debt Relief Industry

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        Cyrus Global Proclaims “Debt Settlement/Management IS OBSOLETE!”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

                Consumer Legal Services America – Ira Frazer. Old Employment Ad, But Interesting.

                Someone was just asking me about the network of affiliates working with Consumer Legal Services America and as a result I was looking up new information since the last comment on this site about them. I came across this ad they put out looking for debt settlement attorneys. Lawyer: Consumer Legal Services America, Contact Person: Ira Frazer, Nationwide, Phone: 858-945-1078, ... Read More »

                  TFC Warns Customers About Darren Peck, Mark Serebrin & Philip Manger

                  TFC Warning

                  The Fulfillment Center appears to have an issue with some former marketing representatives who are opening a credit repair company. The infringing company is alleged to be called TFC West and soon to be changed to Safe Haven Credit. I’m curious if Philip Manger is the same Philip Manger that was mixed up in CCDN mess. I can always use ... Read More »

                    Fake Debt Collector “The Beast” Cops Plea, Loses Every Single Thing in Debt Collection Scam

                    Finally a plea deal has been worked out with one of the defendants named in a 2009 criminal complaint filed by the United States of America. In the complaint, Timothy Arent and Neil Wieczkowski were running a fake debt collection agency and taking in millions of dollars from consumers that were frightened to pay debt they did not owe. If ... Read More »

                      Former IRS Agent Tells Tax Debt Relief Services May be Dangerous to Consumers

                      image005

                      photo © 2007 paul stumpr | more info (via: Wylio)Jim Buttonow, a CPA and former IRS Agent has released information about why the very premise of selling tax relief services for an advance fee is something consumers should be protected from. Below you will find submitted comments to the Federal Trade Commission regarding the selling of tax relief services. My ... Read More »

                        Federal Consumer Relief Site Review

                        Federal Consumer Relief

                        This review is the result of an email I received that mentioned the company. Address: 6942 Ed Perkic St. Suite A Riverside CA 92504 This is the street shot provided by Google of the address. The office appears to be located in an industrial area. Website: federaldebtreliefs.com Description: “We provide 100% legitimate debt reduction programs to eliminate credit card debt. ... Read More »

                          Lawsuit Loans Heating Up. Worth Watching.

                          Ready to Collapse

                          Last week I wrote about LawCash and Oasis Legal Finance being challenged in Colorado over their legal settlement funding approach. Yesterday the New York Times ran with a look at the legal settlement funding or lawsuit lending industry. It’s an interesting article worth reading. Ernesto Kho had pressing needs of his own. Medical bills had piled up after he was ... Read More »

                            Previous Employees of United Law Group Help Start Brookstone Law

                            Brookstone Law Credit Repair

                            Update 4-8-2011: Brookstone Law is involved in seeking consumers to join mass joinder cases and while this article talks boldly about Brrokstone Law I’ve also published others in which I’ve praised Vito Torchia, Jr. of Brookstone Law. Anyone reading this article and wanting to know more about the reality of the players in the mass joinder space should see Vito ... Read More »

                              Tax Investigation Corporation Sells Affiliates on Bypassing FTC With Tax Relief

                              Become a Debt Management Affiliate with TaxIC.001

                              A tipster (send in your tips here) sent me the following presentation from Tax Investigation Corporation. The cover email said, “Our programs allow you to maintain control of the client and set your own fees while our Tax Resolution affiliates handle the case work.” That certainly seems like a big invitation for consumers to pay some wild amounts for these ... Read More »

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