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Debt Relief Industry

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

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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

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    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. Get Out of Debt ... 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


              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. Get ... 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: Description: “We provide 100% legitimate debt reduction programs to eliminate credit card debt. ... Read More »

                  Lawsuit Loans Heating Up. Worth Watching.

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                  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 »

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


                        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 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 »

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