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Debt Relief Industry

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 »

                          Johnson Law Group Disbursements Show Picture of Massive Marketing Fees

                          JLG Disbursements

                          After I published this article yesterday on the bankruptcy of the debt settlement law firm Johnson Law Group in Nevada it was pointed out to me that there was more to tell from the supporting schedules attached. – Source. And the tip was correct. The court documents revel how much money was disbursed by the Johnson Law Group in the ... Read More »

                            Johnson Law Group Nevada Forced Into Bankruptcy

                            The Johnson Law Group in Nevada previously was forced into an involuntary bankruptcy on June29, 2010. Just recently they have finally submitted financial statements and details which help to give us a clearer picture of what is going on. According to a document filed on July of 2010 the story of what happened to the Johnson Law Group is reveled. ... Read More »

                              Debt Relief Attorney Settles With New Jersey. So Does Paramount Debt Settlement USA, New Day Financial Solutions, American Credit Repair and Settlement, and American Financial Advocacy Council.

                              Ready to Collapse

                              Attorney General Paula T. Dow announced October 18, 2010 that the owner of several New Jersey loan modification companies has agreed to pay the state $805,000 and stay out of the foreclosure rescue business to resolve allegations he defrauded struggling homeowners who sought help in staving off foreclosure. Defendant Stephen Pasch of Greenbrook Township, Somerset County, agreed to a judgment ... Read More »

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