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Debt Relief Industry

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 »

    Bogus U.S. Debt Reduction Initiative Form T-09-A Still Being Sent Out

    Form T-09-A Envelope

    In June, 2010 the BBB released a copy of a bogus mailer that was being sent to consumers. I published a copy of that mailer here. It appears despite warnings that the mailer was deceptive, it is still going out. Here is an image of the envelope and mailer that I received from a tipster (send in your tips here). ... Read More »

      Nationwide Support Services Sends Out “Don’t Be a Chimp” Email

      Dont Be a Chimp

      A tipster (send in your tips here) send in the following email that was sent out by Nationwide Support Services. The “click here for product offerings” button lead to financialstrengthbuilder.com which offers the following services. Financial Strength Builders says it is TFG, Inc out of Las Vegas. It’s a minor technicality but there actually is no registered company called “TFG, ... Read More »

        Debt Collection Attorney Wants to Sell You Debt Settlement Business Opportunity

        Law Firm Business Opportunity

        This article comes from a fabulous tipster (send in your tips here) that brought the following web advertisement to my attention. What caught my eye initially is the selling of a business opportunity with a “Law Firm with more than 17 years in the Debt Collection Business.” – Source. So who is the attorney or law firm? If it is ... Read More »

          Modify Utah Shutters Doors. Leaves Consumers Stranded.

          Thanks to a tipster (send in your tips here) I found out about a loan modification company in Utah called Modify Utah. The company apparently closed up without advance notice to consumers that had paid for services. The Desert News is reporting: According to a letter from the firm’s attorney, Paxton Guymon, Modify Utah ceased doing business for several reasons, ... Read More »

            Unlicensed GHS Solutions Handing Back Lots of Cash to Idaho Residents

            Ready to Collapse

            GHS Solutions is handing back $303,218 to Idaho residents and paying a $15,000 bill to Idaho for penalties, attorney fees and investigative expenses. It seems that GHS Solutions was servicing Idaho residents without being licensed in the state to do so. Oops. The Idaho Statesman is reporting: Since at least July 2008, GHS Solutions provided debt-settlement services to at least ... Read More »

              Let’s Play Do They Comply. Isn’t This Bankruptcy Fee Splitting?

              Bankruptcy Affilaite

              A tipster (send in your tips here) brought my attention to rest on the following page from the Debt Alternative Center. The question is, isn’t this legal fee splitting? DMP Shocker On the same site, debtalternativecenter.com, I came across the page to be a debt management affiliate which says the affiliate can charge the consumer from $300 to $1,400 for ... Read More »

                Mortgage Modification Letter Gives the Telephone Number of Legal Helpers Debt Resolution?

                Priemer Consulting Group

                The strangest tip just came in from someone that was helping a consumer with their mortgage problem. The tipster (send in your tips here) said: I got a call from a client. He’s the seller of a short sale we’re about to close on this month. His message, “I finally got my loan mod, it just came in the mail ... Read More »

                  All Fake and False Companies Were Flushed Out Says Debt Settlement Lead Generator

                  Credit Card Debt Negotiations

                  A tipster (send in your tips here) sent in a link to the following hilarious press release sent out by creditcarddebtnegotiations.com, a site that was last publicly identified as being owned by Ryan Golembiewski. I knew I’d seen that name before and when I searched the site I found, a previous article in which he was mentioned, “TASC, Are You ... Read More »

                    NYC Still Pushing for Debt Settlement Consumer Protection Act

                    On November 18, 2010 a meeting was held with the New York City Council and testimony was presented. As part of that testimony it was reveled that the New York City Department of Consumer Affairs is still pushing for the Debt Settlement Consumer Protection Act. We are also pushing for strong federal legislation, the Debt Settlement Consumer Protection Act of ... Read More »

                      Legal Helpers Debt Resolution Steps Up and Answers Questions Raised by Tipster

                      Not long ago I published a list of questions about Legal Helpers Debt Resolution. See Working on Legal Helpers Story. Need Help With These Questions. I received an answer from Jason Searns, Esq., Managing Partner, from Legal Helpers. Below you will find his answers to the questions posed to the public. The questions in that previous story looking for information ... Read More »

                        Non-Profit Credit Counselors Watched by New York for Bogus Activities

                        In a story that would have been just about a presentation to the New York City Council about debt settlement activities comes a glance into the activities of some debt settlement companies to attempt to loophole out of FTC new rules to regulate debt relief activities. The documents from the meeting say: Karen S is a 55 year old home ... Read More »

                          Credit Solutions Allegedly Cancels BCBS Health Insurance for Current and Former Employees

                          Credit Solutions Cancels Health Insurance

                          A tipster (send in your tips here) sent in a letter purported to be from Credit Solutions that says effective December 31, 2010 the health insurance plan offered to employees, past and present, is cancelled. The letter dated December 10, 2010 says that in 21 days the health insurance insurance offered to current employees and past employees, via COBRA is ... Read More »

                            Florida Debt Settlement Company Calling Consumers in Canada

                            I received the following email from a tipster (send in your tips here) in Canada regarding Consumer Debt Advocate. If you have any additional information on the company making the calls, please use the tipster (send in your tips here) form or comment below. I attempted to call the number given, 1-866-559-3503, but it only leads to a recording for ... Read More »

                              Hey Debt Care Processing. How is This Complaint?

                              Debt Care Processing

                              A wonderful tipster (send in your tips here) sent in this email Debt Care Processing, a TASC member, recently sent out in an effort to recruit affiliates. What struck me was the statement that the program was FTC compliant but claimed to offer “face-to-face” signing and a setup fee. The face-to-face signing benefit seems to be a service offered by ... Read More »

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