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Debt Relief Industry

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.

          Ready to Collapse

          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 »

                        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 »

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