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Debtmerica Launches It’s New Performance 100 Program to Comply With FTC TSR. But…

Debtmerica Graphic

So this morning I open up the press release from Debtmerica and I was elated to see yet another debt settlement company come out and support the FTC TSR. But when I scrolled down to the bottom of the release, what do I see, but an embedded look at the top of their website with language that the FTC TSR ... Read More »

    CareOne Sends Notice to NFCC That They Should Comply With FTC Rules

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    Here is a copy of the letter that CareOne sent to the National Foundation for Credit Counseling yesterday asking them to comply with the new FTC telemarketing sales rules. Apparently both ACCPros and AICCCA received the same letter. August 31, 2010 Susan C. Keating President and CEO National Foundation for Credit Counseling 801 Roeder Road, Suite 900 Silver Spring, MD ... Read More »

      Will We Still Have a Job in Debt Settlement?

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      “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

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        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

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          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

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            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

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              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.

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                  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

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                    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

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                      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

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                        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

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                          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.

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                            (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”

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                              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 »

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