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Debt Relief Industry

CareOne Conspiracy Theorists, It’s Over.

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There has been a bunch of chatter about the fact CareOne has lost their BBB rating. That is certainly the way it appeared. What in fact happened was that the BBB had changed the BBB rating to a No Rating when it was announced that there was going to be a multi-state settlement that involved CareOne. As of today the ... Read More »

    United States Organizations for Bankruptcy Alternatives (USOBA) Announces No More Tom Foolery

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    The United States Organizations for Bankruptcy Alternatives (USOBA) trade association has just made the following announcement. Smart move. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Dear USOBA Member, The United States Organizations for Bankruptcy Alternatives (USOBA) strives to establish industry standards for its membership that both benefit debt settlement companies and protect consumers. We have ... Read More »

      Can Churchill Debt Settlement Claims be Substantiated or Believed?

      Churchill Debt Settlement Leader

      Update February 3, 2016 I would like to publicly thank Brian Robinson from Churchill for sending in the following statement. Clearly it appears the company has grown a lot since this article was originally posted. It takes a company with a good heart to admit they made a mistake and learned from it. “In 2010 we had just opened our ... Read More »

        What Landed Financial Freedom of America, Debt Professionals of America, and Debt Consultants of America in Hot Water With the FTC

        The suits filed recently by the FTC against Financial Freedom of America, Debt Professionals of America, and Debt Consultants of America surround a common thread and common practices of many debt relief providers. A wide swatch of debt settlement companies have been guilty of similar marketing practices that the FTC is strongly saying are deceptive, unsupported and unfair to consumers. ... Read More »

          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


                            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 »

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