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Debt Relief Industry

Tax Relief Providers Want to Avoid New FTC Telemarketing Sales Rules

Ready to Collapse

Here is a press release from Tax Resolution Services. With two days left before the new telemarketing sales rules go into force it seems very last minute to make the pitch, but nice try. Anyone want to try to help clarify it for them? Post your clarification in the comments below. Press Release Tax Relief Providers Seek Clarification from New ... Read More »

    Deposition of Thomas Roland Lands on My Debt From Johnson Law Group Case

    Information on the Johnson Law Group mess between Johnson Law Group Nevada and Johnson Law Group in Florida, just keeps arriving in my inbox. This time it is a copy of the deposition of Thomas Roland of Enhanced Servicing Solutions (ESS) and his role in a company called CBDC. Here is what Roland had to say about the ongoing battle ... Read More »

      Can We Make It Any More Complicated With Shielded Circle?

      ShieldedCircle

      A debt settlement company forwarded to me a copy of a recent pitch they received from a company called Shielded Circle whose slogan is “Financial Integrity for Life.” Consumers are already confused by who is doing what in some of the debt settlement contracts. I can’t imagine how confusing it would be to add the layers of options and service ... Read More »

        Advanced Client Services Says It’s Not Responsible for Johnson Law Group Failure. Johnson Law Group Not a Law Firm.

        Recently I wrote about the Johnson Law Group Nevada and the involuntary of the company. In the story I had said the failure of Johnson Law Group was because Advanced Client Solutions pulled the plug. I have since received some alleged information that provides a different version of things. Along with the email was an attachment. The deposition of Attorney ... Read More »

          NoteWorld Makes Smart Move And Says ‘No’ to Debt Settlement Companies Charging Advanced Fees

          In a move that seems aimed at the attorney model of debt settlement which is designed to circumnavigate the FTC telemarketing sales rules on debt settlement services, NoteWorld, one of the two primary escrow companies for consumer funds, said they would not accept companies that do not adhere to the new FTC rules. NoteWorld has spent the last three months ... Read More »

            Vortex Debt Group Sued For Just About Everything

            Vortex Debt Group out of Florida is a name familiar to me. I’ve written about them before, here. Yesterday Vortex was sued by Terry Rudd in a class action suit. It seems that Vortex really wanted to control the client and allegedly left the client disadvantaged. “The Vortex representative hid from plaintiff the fact that the agreement purported to contain ... Read More »

              Debt Network USA Setting Off to Offer Face-to-Face Debt Settlement Presentations

              I just had a great conversation with an attorney about what I learned from my experience with sending agents out to collect documents in the debt relief industry. I was sharing with him all the difficult lessons learned and why I would not suggest people do that. Maybe at some point I’ll write more about that experience. And then my ... Read More »

                Debt Settlement Sales Folks Flocking Into NAA

                NAA

                An email from a respected debt settlement insider tells me this morning that a number of debt settlement salespeople are “flocking” to move on to sell financial services and products through NAA (National Agents Alliance). One company even said they’ve lost 25% of their sales staff to NAA. Now, putting aside the issue of jumping into a market of more ... Read More »

                  Consumer Law Group Bails Out of North Carolina After Attorney Model Fails

                  Ready to Collapse

                  WRAL television in Raleigh, NC is reporting Consumer Law Group of Florida, who was recently sued by the NC Attorney General, has agreed to pull out of North Carolina. Under North Carolina law, it’s illegal to charge an upfront fee to help negotiate debts, also called debt adjusting or debt settlement. Some companies promising debt relief, including Consumer Law Group, ... Read More »

                    Debt Relief Company Allied Corporate Connection Said to Offer Dubious Debt Relief Services

                    Ready to Collapse

                    West Virginia Attorney General Darrell McGraw has asked the Circuit Court of Kanawha County to enjoin an Arizona-based debt relief company from doing business in the state of West Virginia. On October 19, 2010, McGraw sued Lisa Miller, of Chandler, AZ, owner of Allied Corporate Connection, doing business under the trade name First Secure Management, citing unlawful telemarketing sales of ... Read More »

                      Day of Reckoning is Coming for Tax Relief

                      Ready to Collapse

                      Halloween is coming four days early for the tax debt relief industry-and the result will not be a treat for firms who make false promises to distressed taxpayers, according to independent Web site easyIRS.com. On Oct. 27, debt resolution companies covered under new Federal Trade Commission (FTC) legislation won’t be allowed to collect advance fees-a nightmare for many “pennies on ... Read More »

                        C2C Announces Their New Legal Model for Selling Debt Settlement

                        c2c1

                        Coast to Coast Financial Counseling (c2cfinancialcounseling.com) is apparently holding presentation meetings about their new “Face to Face” legal model for selling debt settlement services. The slides are below. I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here. Read More »

                          Legal Helpers Debt Resolution Beta Testing Face-to-Face Meetings

                          Ready to Collapse

                          A tipster (send in your tips here) sent me information that Legal Helpers Debt Resolution is moving ahead with their plan to continue selling advanced fee debt settlement services through their “hopefully” complaint avoidance of the new FTC telemarketing sales rules. Apparently in the Los Angeles – Orange County area they have had some agents going out and meeting with ... Read More »

                            Loeb & Loeb to Debt Settlement Industry, Loopholes or Nooses: Be Careful Where You Stick Your Neck

                            Loeb-Bundled

                            Apparently the law firm of Loeb & Loeb put out a presentation recently to provide some last minute guidance to the debt settlement industry. You’ve got to love the title, “Loopholes or Nooses: Be Careful Where You Stick Your Neck” On the subject of selling bundled products with debt settlement services in order to increase income. On the issue about ... Read More »

                              CreditAnswers Sued by Employee for Unpaid Wages

                              In what is looking like an ongoing wave of suits against debt settlement companies by employees for unpaid wages, the latest to be sued was Credit Answers in Texas. Other debt relief companies sued include Lloyd Ward Law Firm, ABC Debt Relief, and Credit Solutions of America. Defendant is a debt settlement company doing business in Texas. Plaintiff was employed ... Read More »

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