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Debt Relief Industry

Greenshield Financial Services Sends Clients Away to Davenport Law

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A forum poster just submitted the following email allegedly sent out by Greenshield Financial Services. After careful consideration, extensive research, and discussions regarding what is best for our clients, GreenshieldFS is excited to announce that Davenport Law, P.C. a Texas-based law firm, will be providing its services to all of our clients. As we examined Davenport Laws capabilities, we saw ... Read More »

    National Economic Relief Program Bogus Mailer. Stay Away.

    National Economic Relief Program

    A reader sent in the following mailer they received from something called the National Economic Relief Program at 2020 Pennsylvania Ave, Washington, DC 20006. This is nothing more than yet another mailer pitching debt relief services under the guise of it being a government program. This is not true. There is no government National Economic Relief Program and it is ... Read More »

      The J. Murphy Firm Offers Consumer Money Back Guarantee to Get Debt Suit Stricken

      CreditCases.com

      A tipster (send in your tips here) sent in the following mailer they received from a lawyer promising a money back guarantee to get a debt suit dismissed or stricken from the record. From the CreditCases.com website comes this further clarification on the guarantee: If we get the complaint dismissed or if the other side drops the case, we keep ... Read More »

        State Banking Commissioner Pitkin Issues Temporary Order to Cease and Desist Against JHASS Group, L.L.C. A/K/A J. Hass Group, LLC

        J Hass Header

        Connecticut State Banking Commissioner Howard F. Pitkin issued an administrative order against JHASS GROUP, L.L.C. a/k/a J. HASS GROUP, LLC (“JHASS”) of Scottsdale, Arizona. The order included a Temporary Order to Cease and Desist a Notice of Intent to Issue Order to Cease and Desist, a Notice of Intent to Impose Civil Penalty, and a Notice of Right to Hearing. ... Read More »

          FTC Speaks Out a Bit More on Attorney Model Debt Settlement

          Ready to Collapse

          In an article that appeared this morning on CNN, Evan Zullow from the FTC is quoted as saying: Evan Zullow, an attorney in the FTC’s division of financial practices, said he’s aware that companies are looking for loopholes. The FTC, he said, is closely monitoring the industry to make “sure that what they’re doing actually meets the exception.” Simply hiring ... Read More »

            Credit Counseling Group Makes Presentation to FTC About Cracking Down on Bad Actor Debt Settlement Companies

            Cambridge Credit Counseling FTC Presentation.001

            I’ve obtained a copy of the presentation that was made to the FTC about debt settlement companies that are trying to evade the FTC telemarketing sales rules which in turn lead to consumer harm. It was interesting to see so many images from this site used since I had nothing to do with the presentation, but hey, I have reported ... Read More »

              Credit Answers Hides Behind DMI Mailer to Consumers

              DMI-Front

              Thanks to a great tipster (send in your tips here) I received a mailer that was sent to consumers. The envelope looks official and comes from: DMI 6200 Tennyson Parkway Suite 200 Plano, TX 75024 The letter inside is the first mention of Credit Answers in the small print on the bottom. It is also the first place we learn ... Read More »

                Debt Settlement Company Elite Financial Services Agrees to Repay Missouri Consumers

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                Attorney General Koster yesterday announced that the Massachusetts-based debt settlement firm Elite Financial Services, Inc., has agreed to refund all fees paid by Missouri consumers and cease operating in Missouri. Koster said Elite Financial Services charged consumers a fee and promised to reduce their unsecured debt, such as credit card debt, but failed to do so in many instances. He ... Read More »

                  Legal Helpers Debt Resolution Email in Search of Marketers

                  Legal Helpers Marketing

                  A tipster (send in your tips here) forwarded me this email, image below, that Legal Helpers Debt Resolution is forwarding in search of companies in the debt relief world that want to “Make Money Next Week.” It is certainly an interesting approach for a law firm to take and it did strike me that they are pushing the conversion to ... Read More »

                    Premier Debt Resolvers Deceptive Mailer – Government Economic Stimulus Act

                    615 Degraw St-Front

                    This mailer comes from Premier Debt Resolvers at 615 Degraw St, Brooklyn, NY 11217. 877-845-6161. The two issues that jumped out immediately to me were the use of a government act that has nothing to do with debt settlement and the use of the equal housing logo on the bottom right. I also have a problem with the mailer making ... Read More »

                      CareOne Jumps on Bandwagon with Credit Counseling Request for FTC to Take Action Against Rogue Debt Settlement Companies

                      Ready to Collapse

                      A pretty smart move by CareOne. See press release below. CareOne Expands On Push to Close Debt Settlement Loopholes Columbia, Md. (December 16, 2010) – CareOne Services Inc. is adding its support to an effort launched December 15th by 11 nonprofit debt relief providers seeking more aggressive enforcement of the Federal Trade Commission’s recently amended Telemarketing Sales Rules. However, the ... Read More »

                        Minnesota Sues TaxMasters Claiming Fraud and Deception

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                        Minnesotta Attorney General Lori Swanson today file suit against TaxMasters, a tax debt relief company. The suit allegedly states that TaxMasters used deceptive and misleading advertisements and commercials to attract consumers into large up-front fees for debt relief services, paying upwards of $8,000. The suit is said to claim the TaxMasters salespeople encouraged consumers to pay the steep fees on ... Read More »

                          Debt Free League Launches FreeBankruptcyTest.com With Attack on Credit Counseling

                          FreeBankruptcyTest.com Site Page 1

                          Apparently the lads over at Debt Free League, who I’ve written about before, have launched a new website with a big press release. The site is FreeBankruptcyTest.com and claims “The company’s site, FreeBankrutcytest.com helps the public to freely compare debt relief choices, including bankruptcy, debt negotiation, debt consolidation, tax settlement, and student loan consolidation.” Just one problem, it does not ... Read More »

                            US Credit Card Hardship Benefits Mailer – Bogus and Deceptive

                            US Credit Card Hardship Benefits

                            Another fantabulous tipster (send in your tips here) sent in the following scanned copy of yet another government looking self-mailer that sells debt relief services. This one is for the 2010 US Credit Card Hardship Benefits program. As you can see it purports to be an official looking government form with form number 10-PNH3. It states that the pending hardship ... Read More »

                              Credit Counseling Agencies Challenge FTC to Take Agressive Action Against Debt Settlement Companies for Violating Telemarketing Sales Rules

                              The following letter was sent to the Federal Trade Commission: December 13, 2010 Federal Trade Commission Office of the Secretary Room H-135 (Annex T) 600 Pennsylvania Ave, NW Washington, DC 20580 Re: Debt Settlement Company Evasion of Amendments to TSR Dear Commissioners, We are writing to speak out against the deceptive tactics employed by a growing number of debt settlement ... Read More »

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