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Debt Relief Industry

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 »

        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


                      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 »

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