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Debt Relief Industry

DMP Payments Late Through Americorp from First Consumer Debt Consolidation/Hess Kennedy. Who’s Responsible?

Ready to Collapse

A tipster (send in your tips here) sent me the following statement and I’m posting it in hopes of hearing from others with information about the situation to see if anyone has any additional scoop on the situation. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Tipster says: “Thank you for your site. I am a ... Read More »

    Legal Helpers Debt Resolution Makes Odd BBB Claim and Says Bankruptcy is Better Than Debt Settlement

    LHDR Credible

    A tipster (send in your tips here) sent me an email and pointed out the following prominently placed statement on the Legal Helpers Debt Resolution website (lhdrhelp.com): CREDIBLE Legal Helpers Debt Resolution is a true national law firm with offices in 50 states. They have a favorable rating with the BBB and all attorneys are licensed with their state bar ... Read More »

      Debt Care Processing / Debt Care USA Affiliate Marketing Pitch

      A tipster (send in your tips here) sent the following email in that was received from Debt Care Processing (site archive) / Debt Care USA (site archive). The offer seems to be very light on FTC TSR compliance and how to stay out of trouble. It does mention face-to-face meetings with the traditional and hybrid models but hopefully anyone wandering ... Read More »

        Yet Another “Avoid the TSR” Pitch – RE: COLLECT DEBT SETTLEMENT FEES IN ADVANCE! ELIMINATE FACE-TO-FACE WORRIES.

        Credit-Maxx

        Thanks to an awesome tipster (send in your tips here) I received the email and attachment below. By itself it’s nothing new but it was the non-disclosure agreement that caught my eye. The document says it was created by Gil Medeiros who I remembered writing about, here. (Additional information) The tipster (send in your tips here) that sent this information ... Read More »

          P&E Solutions Admits to Client Data Stolen. – Debi

          Ready to Collapse

          IN JUNE OF THIS YEAR I SIGNED UP WITH DEBT SELECT TO HELP ME WITH MY DEBT SHORTLY AFTER THE PERSON WHO I SIGNED UP WITH WAS NO LONGER WITH THE COMPANY ( A CO WORKER SIGNED UP TOO) BOTH MY CO WORKER AND I JUST RECEIVED A LETTER FROM P&E SOLUTIONS SAYING OUR PERSONAL INFO HAS BEEN STOLEN FROM ... Read More »

            I Can’t Get Through to the Credit Exchange. – Victoria

            Ready to Collapse

            phone number change or disconnect. I’m with the Credit Exchange for debt settlement. I’m attempting to find a phone number for the Credit Exchange that I can use to get through to them. I also need a fax number that hasn’t been changed or disconnected. If anyone knows, please help. Thank You, Victoria It’s time to put debt behind you ... Read More »

              Secret Shopper Debt Settlement Call. How Do You Think They Did?

              Yesterday I made my first secret shopper call after the FTC TSR went fully into force. My vote of the call yesterday was a FAIL. You can read my comments on that call here. So today I decided to call the exact same company back and confirm what the sales representative had told me yesterday. That didn’t happen. Today I ... Read More »

                I Wonder How They Are Getting Around Fee Splitting?

                Ready to Collapse

                I’m in possession of an email sent out by Coast to Coast Financial Counseling that is promoting the huge big new opportunity for debt settlements affiliates, surprise…bankruptcy. Yes, you know that thing you’ve been selling against all this time, well guess what, the ugly girl you were making fun of is now your girlfriend. Subject: Bankruptcy: Hitting a Home Run ... Read More »

                  Just Made My First Post FTC TSR Undercover Call – Fail

                  Ready to Collapse

                  I’m not going to tell you the name of the company I called. Their site is a bit ambiguous if their settlement services are under the attorney model or not so I thought I’d hear what the pitch was. Sadly, it was just business as usual. Here was my scenario. I called as a guy $80,000 in only credit card ... Read More »

                    NC AG Not Laughing at Attorney Model Debt Settlement

                    CLG Exhibit 3

                    Recently the office of Attorney General Roy Cooper went after Consumer Law Group, Michael Metzner, American Debt Negotiators, Ran David Barnea, and Daniel Post in a suit against them for debt settlement services. I happen to have a copy of the complaint from the case and I wanted to run through it to point out some of the issues the ... Read More »

                      You Might Be a Loopholer….

                      Ready to Collapse

                      Damon Day and I were talking yesterday and Damon was pondering what Jeff Foxworthy would say about TSR loopholers if he changed his routine from, You Might Be a Redneck…” We started tossing suggestions back and forth on the phone and Damon even wrote this post about it. If anyone has any additional suggestions, leave them as comments over on ... Read More »

                        Green Attorney is Looking for Debt Relief Business Advice. – L

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                        “Dear Steve, I’m a newly admitted “green state” attorney and have been doing loan modifications and settlements for over a year now for clients who come to me based on referrals. I absolutely love your site and have been going through all of the material related to the debt settlement industry and the new regulations for weeks now. I have ... Read More »

                          FTC Provides Video on Debt Relief Services and Telemarketing Sales Rule

                          Ready to Collapse

                          Here is a nice video from our friend Allison Brown at the FTC about the new telemarketing sales rule and some last minute clarifications for consumers. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Transcript Allison Brown: Hi I’m Allison Brown, an attorney with the Federal Trade Commission, the nation’s consumer protection agency. If you’re in ... Read More »

                            ABC Debt Relief Switches From Selling Lloyd Ward Debt Settlement to Selling World Law Plan

                            WLP Lloyd Ward

                            A tipster (send in your tips here) sent me an email today letting me know that The Debt Answer/ABC Debt Relief have now started selling debt relief services under the name of World Law Plan. ABC Debt Relief is a company I have written about before. You can find previous articles here. With the new telemarketing sales rules going into ... Read More »

                              Let’s Play “Do They Comply” with Debt Help Center USA & Hulk Hogan

                              National Media Connection is still advertising the “Hulk Team” commercials for debt settlement leads. – Source. Keeping in mind that effective today the new FTC telemarketing sales rules went into effect, I’m curious to hear what you think. Do the ads below comply with the new rules? Post your comments below. Get Out of Debt Guy – Twitter, G+, Facebook ... Read More »

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