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Debt Relief Industry

FTC Charges Financial Freedom of America, Debt Professionals of America, and Debt Consultants of America with Making Unsubstantiated Claims that They Could Eliminate Consumers’ Debt

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As part of its continuing crackdown on scams that target consumers in financial distress, the Federal Trade Commission has charged three debt relief operations with making unsubstantiated claims to lure consumers nationwide into paying thousands of dollars in up-front fees, but failing to reduce credit card debts as promised. According to the FTC’s two complaints, the defendants made deceptive claims ... Read More »

    Non-Profit Credit Counseling Group Effectively Missing in Action. United Financial Systems Leaves People Stranded.

    UFS Salaries

    I’ve been writing about United Financial Systems for a while now and early on I predicted United Financial Systems look primed for an implosion. In fact my article on October 25, 2010 was “United Financial Systems Looks Set to Implode. Run For The Hills!” What really disappoints me about this situation is that, for whatever reason, a 501(c)3 charity has ... Read More »

      Tax10000.com – Debt Relief Television Commercial

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      Commercial Name: Tax10000.com Record Date: 11-15-2010 Network/Channel: Retro TV Description: Tax relief commercial shows some bold claims but a short message appears during the commercial that lets you know this is actually not a tax relief company. The disclaimer says: “The Advertiser does not provide tax relief services but only refers you to a company that helps people negotiate with ... Read More »

        Imperial Structured Settlements – Debt Relief Television Commercial

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        Commercial Name: Get Paid Now Record Date: 12-02-2010 Network/Channel: Retro TV Description: Offers to pay lump sum for structured settlements to “convert” your long term payout into cash now to pay bills. [quicktime]http://getoutofdebt.org/member/video/ImperialStructuredSettlement-20101202.mov[/quicktime] The debt relief commercial above is presented only as an example and archive of debt relief marketing and NOT AS AN ENDORSEMENT by this site. The commercial ... Read More »

          Interview With Alex Viecco of New Era Debt Solutions About Their A+ BBB Rating

          For those in the debt settlement industry I think the following interview with Alex Viecco with New Era Debt Solutions is important. New Era has just been awarded an A+ BBB rating in an industry where most debt settlement companies have an F rating. Alex talks about the process of getting their rating upgraded to an A+ and he even ... Read More »

            New Era Debt Solutions Scores A+ With BBB

            New Era BBB Rating

            For all the naysayers out there that said the BBB would never give a debt settlement company a grade higher than an F, well here is current proof that is not a true statement. Personally I think the most important step New Era took in helping to restore their rating, other than attend my Rally in Raleigh, was to publicly ... Read More »

              ADS Debt Settlement Marketing Agreement with Frank Loscalzo & Associates

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              A tipster (send in your tips here) has sent me a marketing agreement from another company offering what appears to be advanced fee debt settlment services. The tipseter said: Ok, please find attached Marketing Agreement from LoScalzo & Associates. They have created an exclusive marketing arrangement with ADS Marketing Partners, LLC which is run by a David Miller / Anthony ... Read More »

                Does the Wave of Fair Debt Collection Practice Act (FDCPA) Suits Benefit Consumers or Lawyers?

                A tipster (send in your tips here) forwarded to me an article about Thomas Lyons, Esq. in Minnesota who was disbarred in 2010 for filing suits under the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). While there is a need for consumers to have recourse in bringing legal suits against creditors for bad acts, ... Read More »

                  Picasso Pawn – Debt Relief Television Commercial

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                  Commercial Name: Picasso Pawn Record Date: 11-25-2010 Network/Channel: Jerry Springer Description: Commercial informs viewers to turn to pawning items in order to meet bills and other obligations. Interesting how it is sold as having no impact on your credit. [quicktime]http://getoutofdebt.org/member/video/PicassoPawn-20101125.mov[/quicktime] The debt relief commercial above is presented only as an example and archive of debt relief marketing and NOT AS ... Read More »

                    SecureDebtUSA Offers $240,000/YR+ for Debt Settlement Sales Manager

                    SecureDebtUSA

                    I think this story qualifies for a quick WTF. A tipster (send in your tips here) sent in the employment listings for me to look at for a company called SecureDebtUSA. The reason for the WTF comment is I took a look at the SecureDebtUSA site where they claim “We were one of the pioneers in the business however debt ... Read More »

                      Debt Relief Marketer Says It Will Pay a $10,000 Signing Bonus

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                      Here is a very interesting email from a basically anonymous company offering a $10,000 signing bonus for marketers who will sign on to sell attorney model debt relief services. I’m not sure who the company is but the return address was contact@reducebills123.net. What is very interesting in this email is the statement the consumer is going to be charged $299 ... Read More »

                        CrediQuest Corporation and LegalAudix Marketing Services Face-to-Face Enrollment Agreement

                        Monthly Enrollments

                        A tipster (send in your tips here) sent in the following agreement on face-to-face marketing services by CrediQuest. I love my tipster (send in your tips here)s. They always send in the most interesting things. CrediQuest apparently provides services to Law Firms that want to sell debt relief services to people. I’ve bolded the interesting parts of the agreement. After ... Read More »

                          Do You Have 12 Minutes of Your Life to Waste? Watch MLM Marketing Pitch by 1st Choice Family Solutions.

                          A tipster (send in your tips here) sent in this video and said: Settlement, loan mod and credit repair all in one pyramid scheme. I’ll let you watch the video below and make your own decision on the statement the tipster (send in your tips here) made. But 1st Choice Family Solutions says in their video they have an excellent ... Read More »

                            Oasis Legal Finance – Debt Relief Television Commercial

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                            Commercial Name: Oasis Legal Finance Record Date: 11-26-2010 Network/Channel: Retro TV Description: Oasis Legal Finance is said to be a way to pay bills and help makes ends meet. Not sure what consumer needs to give up to have cash now. Nothing presented that describes the “true cost” or discount consumer will incur. [quicktime]http://getoutofdebt.org/member/video/OasisLegalFinance-20101126.mov[/quicktime] The debt relief commercial above is ... Read More »

                              Bogus Mailer Leads to The Consolidated Group and Law Firm

                              The other day I wrote about the mailer below. You can read my thought on that mailer, here. But thanks to a tipster (send in your tips here) and awesome reader there is more to be uncovered from the mailer. Using the fax number in the mailer, 800-448-1840 the tipster (send in your tips here) pointed me to a Craigslist ... Read More »

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