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Debt Relief Industry

Peter Popoff Debt Relief Scammer? Erase Your Debt With Supernatural Massive Intervention Using Miracle Spring Water.

Peter Popoff

I’m not sure what to say about this. I know if I come across as cynical I’m going to be attacked by some since this involves religion. I am not attacking religion. If anything I’m attacking a caught scammer who is manipulating people using religion to eliminate their debt problems. A fantastic tipster (send in your tips here) sent in ... Read More »

    IRS Wants More Than a Million Dollars Back from Ossenfort of Pioneer Credit Counseling

    Ossenfort 990

    Back in the middle of December I got a tip that Todd Ossenfort of Pioneer Credit Counseling had received a notice from the IRS that he had to repay over a million dollars from an issue surrounding private benefit transaction. At the time I looked at their 990 return and noticed two areas. One was the internal family relationships I ... Read More »

      ReadyForZero Launches. Self Directed Debt Elimination.


      My friends over at have officially launched their free online service to help people get out of debt with an automated plan. I had the pleasure of seeing the early demos on this product and wrote about them previously. See “Co-Founder of Shares Details How They Could Revolutionize the Need for Credit Counseling.” I was excited by their ... Read More »

        United Settlement Group Makes Me Laugh

        United Settlement Group

        I spend a lot of time on the internet looking at web sites. I’ve seen thousands in fact. But I had to share this little gem that made me bust out laughing. Apparently privacy is not a concern at United Settlement Group because they didn’t even notice that their privacy policy is just placeholder text. Classic. How in the world ... Read More »

          Consumer & Business Debt Counseling (CBDC). What is Going On? On the Radar.

          CBDC Browsing

          A tipster (send in your tips here) contacted me and said that Legal Helpers Debt Resolution is sending their debt management leads to Consumer & Business Debt Counseling Services (CBDC) in Florida. It only took a moment for me to become very concerned after visiting their site at Not only is their site distributing malicious software to unsuspecting surfers ... Read More »

            Legal Helpers Apparently Getting into Credit Counseling and Tax Settlement

            LH Drehwing

            Yet another Legal Helpers Debt Resolutions business development manager has come forward. How many business development managers does the company have. This one is associated with a different URL so is each URL a different business unit? Confusing to say the least. The business development manager for Legal Helpers in this email is listed as [email protected] The one the other ... Read More »

              Dear Credit Counseling, Times Only to Get Tougher.

              The Current Debt Relief Reality

              Now that the last storm in debt relief is quieting, namely hurricane ‘debt settlement’ that was quelled by the FTC Telemarketing Sales Rules, it has given me an opportunity to poke my head up and take a wide look at the debt relief horizon. And what I’m seeing is concerning. My roots in the debt relief world began with my ... Read More »

                Rocky Mountain Bank & Trust and Global Client Solutions Part Ways

                Ready to Collapse

                Apparently Rocky Mountain Bank & Trust has parted company with Global Client Solutions. Howard Smith of Rocky Mountain Bank & Trust told this site, “I thought you might be interested to know that Rocky Mountain Bank & Trust no longer has a relationship with Global Client Solutions or any of their associated debt service companies.” Who knows, maybe the increasing ... Read More »

                  Citibank Closes Credit Counseling Call to Action Program

                  Ready to Collapse

                  A notice just out to credit counseling groups was sent in by a great tipster (send in your tips here). Apparently Citibank, an initial supporter of the NFCC and Consumer Credit Counseling Service program called Call to Action, is terminating their participation. An email sent out to AICCCA members says: Due to resource limitations and required compliance with policy, February ... Read More »

                    Legal Services Speaks Out About Non-Profit Credit Counseling

                    Ready to Collapse

                    There has been a lot of attention focused on rogue debt settlement companies over the past year. And now that battle is mostly over with the introduction of the FTC telemarketing sales rules, as I have predicted, more attention will now turn towards non-profit debt relief services. The non-profit market will become polluted with companies that will attempt to evade ... Read More »

                      Problems Just Keep Piling on for GHS Solutions CEO Anthony Shea

                      You can never underestimate the skills of a tipster (send in your tips here). In this case, this morning arrives more bad news for Anthony Shea of GHS Solutions. GHS Solutions was in the news yesterday when I wrote about the court in Kentucky tossing out their arbitration agreement. Well it looks like January of 2011 just isn’t the month ... Read More »

                        Global Client Solutions, GHS Solutions, Rocky Mountain Bank & Trust Get Shutdown on Arbitration. Judge Says No.

                        Back in May of 2010, Brett and Linda Davis filed a class action suit against Global Client Solutions, GHS Solutions, and Rocky Mountain Bank & Trust. The suit said: “Defendants are engaged in a continuing class-wide predatory business scheme to financially enrich themselves and defraud Kentucky Class members by violating Kentucky’s Debt Adjusting statute, Chapter 380; by the commission of ... Read More »

                          Safeguard Financial – Backstroke. Don’t Call Us, Call Them.

                          A consumer who had enrolled in a debt settlement plan with Safeguard Financial sent me the current company number and asked me to listen to the message. It sure sounds like they are trying to swim away from all the consumers they sold into a debt settlement program. Listen to Safeguard-18885259898 It also appears the Safeguard Financial website is gone ... Read More »

                            Credit Counseling Missing the Boat by Fighting With Debt Settlement

                            BK Filings

                            A tipster (send in your tips here) sent me an email outlining how a number of credit counseling groups are funding a campaign to try to “expose bad debt settlers.” And while the campaign has been ongoing for over a year, changes in the debt settlement world these days have little to do with a campaign against specific debt settlement ... Read More »

                              Is HSBC Screwing Consumers in Debt Settlement?

                              According to some of my debt settlement friends with the AACC, this HSBC dirty trick is real and they’ve seen evidence of it. It is alleged that HSBC has been setting consumers up to fail on their debt settlement programs, including those put forward by lawyers. The complaint says HSBC agrees to a debt settlement in installments and then when ... Read More »

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