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Debt Relief Industry

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 »

      Hey Debt Settlement Affiliate. You Know The Attorney Network Program We Promoted a Month Ago? Well.

      TAN01132010

      More than one tipster (send in your tips here) sent in the following email. In itself it is not all that newsy but what struck me is that it was only one month ago that The Attorney Network was bragging about their wonderful affiliate program. See Goooood Mooooorning….Potential Affiliates. The Attorney Network. The irony in the new message is that ... Read More »

        Colorado Attorney General Beats Back Legal Settlement Firms

        Colorado Attorney General John Suthers recently announced that his office has filed a counterclaim lawsuit against a series of Northbrook, Ill.-based companies and a Brooklyn, N.Y.-based business, accusing the companies of engaging in deceptive trade practices and unlicensed lending. “Settlement-advance companies are a growing issue in Colorado and across the country,” Suthers said. “Despite their labeling and assurances to the ... Read More »

          Does the New Debt Settlement Industry Get It?

          A tipster (send in your tips here) sent in a link to a recent article from CreditCards.com that was published on Fox Business, “Debt settlement industry in flux as new rules start.” In the article is a section attributed to Andrew Houser from Freedom Debt Relief. Cherry picking the good cases Housser from the settlement industry trade group says the ... Read More »

            Stupid Foreclosure Rescue Group Warned and Then Changes Name. Now Banned in North Carolina.

            A so-called foreclosure rescue company that previously operated in Charlotte and Colfax, NC and its owner are banned from ever doing foreclosure assistance work in North Carolina, Attorney General Roy Cooper announced today. “Taking people’s money and then failing to help them just pushes homeowners even closer to foreclosure,” Cooper said. “We’ll keep going after these foreclosure rescue schemes that ... Read More »

              Foreclosure Relief Service Provider Pays Big Bucks to Colorado

              On January 4, 2010 Colorado Attorney General John Suthers announced that a Jefferson County District Court judge has entered a final judgment against Sherron L. Lewis, Jr., (DOB: 9/26/1956) after he failed to respond to the state’s lawsuit over his illegal foreclosure-relief activities. The judgment permanently bars Lewis from providing foreclosure-relief services and requires that he pay $181,266 to the ... Read More »

                Payday Everyday Settles Issues With Texas by Sending Over a Lot of Cash

                Colorado Attorney General John Suthers announced yesterday that attorneys from his office have reached an agreement with a Dallas, Texas-based payday lender, Payday Everyday of Colorado, to settle issues involving the company’s repeated failure to comply with state-ordered corrective actions since 2009. Under the final agency order, filed by the office’s Uniform Consumer Credit Code unit, Payday Everyday of Colorado ... Read More »

                  Former Capital One Insider Spills Beans About Debt Settlement and Capital One.

                  On January 7, 2010, FTC staff spoke by telephone with Michael Figliuolo, an individual who submitted a comment in response to the Notice of Proposed Rulemaking regarding the debt relief amendments to the Telemarketing Sales Rule. Mr. Figliuolo worked for several years in Capital One’s collections department. In 2001, he began working at Capital One as Group Manager for U.S. ... Read More »

                    Safetrust Financial Announces Bankruptcy and Ditches Affiliates

                    Safetrust Financial Bankruptcy

                    An awesome tipster (send in your tips here) just sent in the following email they received from Safetrust Financial. Kind of ironic that a debt settlement company goes bankrupt to keep servicing the accounts of people who wanted to avoid bankruptcy. But then uses bankruptcy as a way to shed the liabilities of the affiliates that sold consumers the Safetrust ... Read More »

                      Bogus U.S. Debt Reduction Initiative Form T-09-A Still Being Sent Out

                      Form T-09-A Envelope

                      In June, 2010 the BBB released a copy of a bogus mailer that was being sent to consumers. I published a copy of that mailer here. It appears despite warnings that the mailer was deceptive, it is still going out. Here is an image of the envelope and mailer that I received from a tipster (send in your tips here). ... Read More »

                        Nationwide Support Services Sends Out “Don’t Be a Chimp” Email

                        Dont Be a Chimp

                        A tipster (send in your tips here) send in the following email that was sent out by Nationwide Support Services. The “click here for product offerings” button lead to financialstrengthbuilder.com which offers the following services. Financial Strength Builders says it is TFG, Inc out of Las Vegas. It’s a minor technicality but there actually is no registered company called “TFG, ... Read More »

                          Debt Collection Attorney Wants to Sell You Debt Settlement Business Opportunity

                          Law Firm Business Opportunity

                          This article comes from a fabulous tipster (send in your tips here) that brought the following web advertisement to my attention. What caught my eye initially is the selling of a business opportunity with a “Law Firm with more than 17 years in the Debt Collection Business.” – Source. So who is the attorney or law firm? If it is ... Read More »

                            Modify Utah Shutters Doors. Leaves Consumers Stranded.

                            Thanks to a tipster (send in your tips here) I found out about a loan modification company in Utah called Modify Utah. The company apparently closed up without advance notice to consumers that had paid for services. The Desert News is reporting: According to a letter from the firm’s attorney, Paxton Guymon, Modify Utah ceased doing business for several reasons, ... Read More »

                              Unlicensed GHS Solutions Handing Back Lots of Cash to Idaho Residents

                              Ready to Collapse

                              GHS Solutions is handing back $303,218 to Idaho residents and paying a $15,000 bill to Idaho for penalties, attorney fees and investigative expenses. It seems that GHS Solutions was servicing Idaho residents without being licensed in the state to do so. Oops. The Idaho Statesman is reporting: Since at least July 2008, GHS Solutions provided debt-settlement services to at least ... Read More »

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