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Debt Relief Industry

Debt Relief Providers Still Crying From Low Delinquencies

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According to the credit reporting agency TransUnion, credit card delinquency has hit a seven year low. That’s good for consumer but not so good for credit counseling, debt settlement, or bankruptcy providers. The national credit card delinquency rate declined to its lowest level in at least seven years, dropping from 1.27% in Q2 2013 to 1.16% in Q2 2014. The ... Read More »

    Federal Student Loan Notice Mailer Review

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    An amazing reader Alicia sent in a new debt relief mailer through my I Buy Junk Mail program. Alicia received a mailer from good old postal permit 1297 in Sacramento, California which promises some amazing student loan benefits including total loan forgiveness. The outsides of the mailer does not say who the sender actually is and my opinion is it ... Read More »

      United Debt Services Sends Official Notice Mailer That Makes Odd Sounding Statement

      UDS Mailer Inside

      An amazing reader Karen sent in a new debt relief mailer through my I Buy Junk Mail program. Karen lives in Alabama where she received this mailer for debt help from United Debt Services. The outside of the mailer says Official Notice and does not give the name of the company on the outside. It seems I’ve written about United ... Read More »

        BS CBAP Consumer Balance Assistance Program Mailer

        CBAP Inside

        An amazing reader Michael sent in a new debt relief mailer through my I Buy Junk Mail program. This mailer comes from something called the Consumer Balance Assistance Program (CBAP). The self mailer looks like an official document on the outside. At least it looks that way to me. The inside of the mailer has a fake check attached. While ... Read More »

          Consumers Shedding Problem Debt Less and Less

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          The latest round of bankruptcy filing numbers is out and it paints a picture many in the debt relief industry see firsthand, a decrease in demand for debt relief services. Since the debt relief industry fails to provide any specific numbers about consumer demand, the best measure we have is to use the U.S. Courts bankruptcy filing numbers as a ... Read More »

            Yet Another Bullshit Debt Relief Mailer From Anonymous

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            Thanks to an awesome reader who received this recent debt relief mailer, I can share it with you. Just when you thought the debt settlement industry had cleaned up their act and was flying right, or at least a lot more level, comes this mailer. Again we have the standard deceptive mailer that appears to pretend to be an official ... Read More »

              Legal Helpers Debt Resolution Settles Charges With WV

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              According to the West Virginia Record Legal Helpers Debt Resolution has settled charges with the State of West Virginia and not only has to pay $135,000 but is also barred from engaging in debt relief services in the State. “This settlement sends a message to those who think they don’t have to follow the law that this kind of behavior ... Read More »

                FTC Goes After DebtPro123 for General Debt Relief Bullshit

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                Over the years DebtPro123 has come up from time-to-time, but not like this. Yesterday the Federal Trade Commission made a bold move in the debt relief space. It surprised me because I thought they’d moved on to other things. Just feels like since the TSR the debt space has been cooling off. But it probably doesn’t feel like that over ... Read More »

                  Perplexing Suit Filed Against Consumer Protection Counsel and Others

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                  A reader brought a recent lawsuit filed by Betty Bennett against Otto Berges, Berges Law Group, Consumer Protection Counsel, Debt Be Gone, Paralegal Staff Support, and United Legal Group. What had me scratching my head was the complaint says, “In or around September 2013, a person alleging to work for Defendant Consumer Protection Counsel contacted Ms. Bennett, offering to help ... Read More »

                    Consumer Assistance Project, Back Office Law Project, and Law Office of Timothy McCabe Hit CT

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                    For years now I’ve talked about how tough the state of Connecticut is with debt relief companies. Well today marks another page turn in that story. The State attempted to contact Consumer Assistance Project, Back Office Law Project, and the Law Office of Timothy McCabe, numerous times, over concerns of unlicensed debt adjusting or debt negotiation. And apparently the Consumer ... Read More »

                      Education Loan Network Mailer Raises Concerns for Reader

                      ELN Inside

                      An amazing reader adalton sent in a new debt relief mailer through my I Buy Junk Mail program. The mailer if for an entity identified as Education Loan Network and mailed from postal permit 1297 in Sacramento, CA. The reader who submitted this mailer for review, said: “I noticed a couple red flags on this one: 1. This generically named ... Read More »

                        Debt Settlement Attorney Files Bankruptcy

                        Sagging Economy

                        It what is the ultimate irony, another big debt settlement attorney has filed bankruptcy. The first I remember was Keith Nelms of Allegro Law fame. A tipster (send in your tips here) sent in a document to me that says now Lloyd Ward, the big Dallas based debt settlement attorney, has filed bankruptcy. According to the public documents, Ward filed ... Read More »

                          The Scott Law Group Adds Lexxiom and The Iniguez Law Firm to List

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                          The Scott Law Group out of Washington State has added two new companies to their list of companies they are pursuing. According to tracking, the firm added Lexxiom, Inc. and The Iniguez Law Firm, PC to their list here on April 17. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? I can always use your help. ... Read More »

                            Crazy Times for Legal Helpers and Macey Bankruptcy Law

                            Women fighting

                            Old dogs in the debt relief field will instantly recognize the names Legal Helpers and Macey Bankruptcy Law from the debt settlement heyday. A tipster (send in your tips here) brought to my attention that Macey Bankruptcy Law, Macey & Aleman, Legal Helpers, and Jacoby & Meyers Bankruptcy were all named in an involuntary bankruptcy filing by a handful of ... Read More »

                              Reader Sends n Student Loan Relief Group Mailer That Concerns Her

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                              An amazing reader FTC Investigator sent in a new debt relief mailer through my I Buy Junk Mail program. The reader said this about the submission: “This is a very misleading letter as it states that I am eligible for the student loan reform act. It implies that there is some sort of government program that I have been pre-qualified ... Read More »

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