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Debt Relief Industry

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

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    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 »

          Tax Relief Providers Get Temporary Pass Under FTC TSR Effective Today

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          Enforcement Deferred for Tax Debt Relief Services, but Most Companies Are Now Prohibited From Collecting Advance Fees The Federal Trade Commission has issued an enforcement policy statement on a new FTC rule that protects consumers by barring debt relief firms from collecting up-front fees. In its statement, the FTC says that while most companies that sell debt relief services over ... Read More »

            Did You Know “Debt Restructure” is Better Than “Debt Settlement?”

            Next Generation Debt Settlement

            What am I to think when a site says: “Debt Restructure” is better than “Debt Settlement” and is FTC complaint. What am I to think? Here is the full image of the site with the claim on it. What makes the statement even more ironic is that the company making the statement is called Next Generation Debt Settlement. So would ... Read More »

              WV AG Scores Refunds From Discount Debt Solutions, Debt Settlement Solutions, Accelerated Financial Centers, Heritage Debt Relief

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              On October 26, 2010, West Virginia Attorney General Darrell McGraw announced the recovery of $64,737.08 for 48 West Virginia consumers in cases against three debt negotiation and settlement companies that charged illegal fees. These settlements bring the total of successful cases brought by the Attorney General’s Office since 2006 against deceptive and abusive practices by debt relief providers to 31, ... Read More »

                Debt Relief Alert: Deadline for Implementing New Model Privacy Form Fast Approaching

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                Starting on January 1, 2011, “financial institutions” subject to the federal Gramm-Leach-Bliley Act (the “GLB Act”) will have to use new model privacy forms if they want to take advantage of a “safe harbor” for compliance with requirements for providing initial and annual privacy notices to customers. The model privacy forms will replace the sample clauses associated with an existing ... Read More »

                  FTC Releases New Guide: Debt Relief Services & the Telemarketing Sales Rule: What People Are Asking

                  FTC TSR

                  I just got word from the FTC they released a new guide to help people understand the new telemarketing sales rule for debt relief products. You’ll find the guide below. You’ll also find that it helps to clarify the rule and slams the door closed on some of the ways people were trying to evade the law with loopholes. Get ... Read More »

                    Say It Ain’t So. 79 Year Old Sold Work At Home Debt Settlement Business.


                    A tipster (send in your tips here) brought the article below to my attention. It’s by Kevin Leininger out of Fort Wayne. I’m pasting the entire article here since I could not adequately capture the issue in an excerpt. Now granted MacDermott is an adult and able to enter into an agreement but come on, does anyone think this was ... Read More »

                      Tax Relief Providers Want to Avoid New FTC Telemarketing Sales Rules

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                      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. Get Out of Debt Guy – Twitter, G+, Facebook ... 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?


                          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 »

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