Latest Posts
Home > Debt Relief Industry (page 97)

Debt Relief Industry

Will We Still Have a Job in Debt Settlement?

Ready to Collapse

“Dear Steve, I’m many of the employees that have recently found themselves wondering what is going to happened to my job at the end of September. I work for a company called [ ] and their back end is serviced by Legal Helpers Debt Resolution or Eclipse (Not sure what the relationship is there). Our boss recently told us that ... Read More »

    Clean Credit Report Services Loses Big to FTC

    Ready to Collapse

    A credit repair operation has agreed to stop making false claims and stop charging up-front fees under a settlement with the Federal Trade Commission. The settlement is part of an ongoing crackdown on scams that target financially strapped consumers, in this case taking hundreds of dollars in fees to purportedly remove negative information from consumers’ credit reports even if the ... Read More »

      Doug Van Arsdale of Credit Solutions of America Loses Awesome Football Season Tickets to IRS

      Ready to Collapse

      Tipsters have been sending in information about a rumor that Credit Solutions of America CEO just had the IRS seize and sell Dallas Cowboy season tickets he was using to make a little dent in the $4.5 million owed by his other company, Lending.com, to the Internal Revenue Service. The Dallas Morning News is reporting the prime seating tickets sold ... Read More »

        Florida Attorney Thomas Dvorak Suspended for Mortgage Modification Complaints

        Ready to Collapse

        Thomas W. Dvorak, 633 S. Andrews Ave., Suite 402, Fort Lauderdale, suspended for one year, effective 30 days from a June 24 court order. (Admitted to practice: 2002) Dvorak will also pay restitution of more than $127,500 to clients. Dvorak was the subject of more than 45 Bar complaints — most having to do with mortgage loan modifications. After being ... Read More »

          USOBA Members Dropping Like Flies

          Ready to Collapse

          I’d love to write more about this subject if Jenna Keehnen, the executive director of USOBA would ever return emails. Can you tell I’m a bit frustrated. In fact, let me rant for a moment. You want to know what the hardest part about writing stories on debt relief companies is, it is getting them to responsed to questions or ... Read More »

            Bella Financial to Mountain View Financial Group. What is Going On?

            Previously I reported that Bella Financial, that had been providing debt settlement services as Debt By Debt Settlement Services, had gone bankrupt and closed down. There is more to the story coming to light. The other day a commenter posted this on the site about Bella Financial: I am very embarrassed and angry at my situation. I am hoping that ... Read More »

              Debt Settlement Company Says “Enough is Enough” and Works Hard to Comply With FTC.

              Ready to Collapse

              With permission I am posting the following from an email I received from a debt settlement company I have written about on this site. The company in question does not want to be identified but they have allowed me to share their “turning point” moment that made them realize that FTC TSR compliance is the best way to go. They ... Read More »

                Loeb & Loeb Law Firm Issues Guidance to Debt Settlement Companies Looking at FTC Loopholes

                Ready to Collapse

                Since the Federal Trade Commission telemarketing sales rules (“TSR”) were released I’ve written about a number of claims and assertions debt settlement companies have made to continue business as usual. We’ve heard all sorts of strategies that companies claim are legal, loopholes or not covered by new regulations going into effect on September 27, 2010. The law firm of Loeb ... Read More »

                  Debt Settlement Marketers Still Selling Debt Leads

                  Ready to Collapse

                  Interesting little email from a tipster (send in your tips here). It comes from a debt settlement lead seller. Apparently this lead seller is not too worried about complying with the new FTC telemarketing sales rules and making sure their customers are compliant. They say, “Through a number of conversations I’ve had with both debt companies and attorneys, it looks ... Read More »

                    John Ansbach Leaving USOBA Says Tipster

                    Ready to Collapse

                    A tipster (send in your tips here) just sent this in. “Jon Ansbach is leaving USOBA to be general counsel/lobbyist for MADD (Mothers Against Drunk Driving).” I reached out to USOBA for a confirmation but at the time of this publication I had not heard back from them. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? ... Read More »

                      Foreclosure Rescue Attorney Must Pay Consumers $1 Million in Restitution

                      Ready to Collapse

                      LOS ANGELES – Attorney General Edmund G. Brown Jr. today announced a $1.1 million judgment against longtime Los Angeles attorney Mitchell Roth after he conned 2,000 desperate homeowners into paying him thousands of dollars to file “frivolous and phony” lawsuits that didn’t reduce a penny of mortgage debt for a single client. “Roth promised foreclosure relief through aggressive litigation, but ... Read More »

                        Loan Modification Company Apply 2 Save Goes BK. Allegedly Defrauds Consumers.

                        Ready to Collapse

                        (Boise) The owner of Apply 2 Save, a bankrupt Coeur d’Alene, Idaho, mortgage modification company, that allegedly defrauded hundreds of consumers nationwide is prohibited from ever operating a similar business in Idaho, Attorney General Lawrence Wasden said today. Derek Oberholtzer entered a settlement agreement with Wasden’s office that prevents Oberholtzer from acting as a debt or credit counselor and prohibits ... Read More »

                          Roni Deutch, the Tax Lady who was Getting Into Debt Settlement, Sued for “Heartless Scam”

                          Ready to Collapse

                          I recently wrote about Roni Deutch’s company that mentioned they were getting into debt settlement, here. That’s how she appeared on my radar. But new news about Deutch is out today. SACRAMENTO – Attorney General Edmund G. Brown Jr. today filed a $34 million lawsuit against television’s “Tax Lady Roni Deutch” for orchestrating a “heartless scheme” that swindled thousands of ... Read More »

                            Attorney General Obtains Injunction Against Credit Solutions of America

                            Ready to Collapse

                            Attorney General Bill McCollum today August 20, 2010 that his office has obtained a temporary injunction against Texas-based Credit Solutions of America, Inc., and Credit Solutions of America, LLC. Hillsborough County Circuit Judge Sam Pendino ruled that these companies are prohibited from charging Florida residents an unfair up-front fee for purported debt settlement services. The ruling was issued from the ... Read More »

                              Will We Be Able to Continue Business as Usual or Will We Have to Comply?

                              Ready to Collapse

                              I typically get questions from consumers but I happened to get one from a company asking about new Federal Trade Commission regulations. The questions was: Will the new FTC and Schumer-McCaskill Amendment 3960 affect companies like mine that are use the attorney modle in all 50 states? Will we be able to continue business as usual or will we have ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

                                You can unsubscribe at any time with just one click.

                                After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.