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Sued or Sanctioned

Tax Defense Network and Interesting Past Worth Knowing

A tipster (send in your tips here) has been sending me information on the Tax Defense Network at taxdefensenetwork.com. The company is located at: Tax Defense Network, Inc. 13901 Sutton Park Drive, South Suite 220 Jacksonville, Florida 32224 The point the tipster (send in your tips here) brought to my attention was that the listed owners of the Tax Defense ... Read More »

    State Banking Commissioner Pitkin Issues Temporary Order to Cease and Desist Against JHASS Group, L.L.C. A/K/A J. Hass Group, LLC

    J Hass Header

    Connecticut State Banking Commissioner Howard F. Pitkin issued an administrative order against JHASS GROUP, L.L.C. a/k/a J. HASS GROUP, LLC (“JHASS”) of Scottsdale, Arizona. The order included a Temporary Order to Cease and Desist a Notice of Intent to Issue Order to Cease and Desist, a Notice of Intent to Impose Civil Penalty, and a Notice of Right to Hearing. ... Read More »

      Debt Settlement Company Elite Financial Services Agrees to Repay Missouri Consumers

      Ready to Collapse

      Attorney General Koster yesterday announced that the Massachusetts-based debt settlement firm Elite Financial Services, Inc., has agreed to refund all fees paid by Missouri consumers and cease operating in Missouri. Koster said Elite Financial Services charged consumers a fee and promised to reduce their unsecured debt, such as credit card debt, but failed to do so in many instances. He ... Read More »

        Credit Counseling Groups in the Crosshairs With Pay For Performance History

        This comes straight from a tipster (send in your tips here) who directed me to the site of Cotchett, Pitre & McCarthy. I reached out to CPM for additional information but as of the time of publication I had not heard back. Cotchett, Pitre & McCarthy is continuing its investigation into fraudulent “debt counseling” and debt collections in the subprime ... Read More »

          Debt Relief Company Uses Notaries to Meet With Consumers. Notaries Turn the Company In to Regulators.

          21st Century Legal Services, Inc. out of California, with 301 unanswered BBB complaints (source), has just agreed to pay almost $300,000 in fines to the state of Wisconsin as the result of a default judgment. What makes this case so interesting for other areas of debt relief services is that it used local notaries to make in-person visits to gather ... Read More »

            Texas AG Returns $3.7 Million to Defunct Debt Relief USA Customers

            Ready to Collapse

            The Texas Attorney General’s Office has obtained a court order disbursing $3.7 million to Texans and customers in other states who were defrauded by a now bankrupt debt relief firm. Court documents filed by the State indicate that Debt Relief USA Inc. unlawfully collected millions of dollars from Texans who hired the firm to settle their outstanding debts. Debt Relief ... Read More »

              FTC Action Shuts Down Debt Relief Robocallers Claiming to Lower Interest Rates

              Ready to Collapse

              At the Federal Trade Commission’s request, a U.S. district court has approved a settlement shutting down two groups of Florida-based telemarketers that allegedly flooded consumers with misleading pre-recorded robocalls falsely promising to reduce their credit card interest rates. The agency reached a settlement that permanently bans the two related operations from making robocalls and selling debt relief services. The settlement ... Read More »

                FTC Puts Debt Relief Business – Out of Business Because of Marketing Activities

                Ready to Collapse

                A deceptive advertising operation has been banned from the debt relief business under a settlement agreement with the Federal Trade Commission. As part of a continuing crackdown on scams that target consumers in financial distress, the FTC charged the defendants with deceptively claiming they could save consumers thousands of dollars by reducing their credit card debt. According to the FTC’s ... Read More »

                  CareOne Conspiracy Theorists, It’s Over.

                  Ready to Collapse

                  There has been a bunch of chatter about the fact CareOne has lost their BBB rating. That is certainly the way it appeared. What in fact happened was that the BBB had changed the BBB rating to a No Rating when it was announced that there was going to be a multi-state settlement that involved CareOne. As of today the ... Read More »

                    FTC Charges Financial Freedom of America, Debt Professionals of America, and Debt Consultants of America with Making Unsubstantiated Claims that They Could Eliminate Consumers’ Debt

                    Ready to Collapse

                    As part of its continuing crackdown on scams that target consumers in financial distress, the Federal Trade Commission has charged three debt relief operations with making unsubstantiated claims to lure consumers nationwide into paying thousands of dollars in up-front fees, but failing to reduce credit card debts as promised. According to the FTC’s two complaints, the defendants made deceptive claims ... Read More »

                      Court Slams the Door on Ring of Debt Relief Providers Violating Telemarketing Sales Rules

                      Ready to Collapse

                      At the request of the Federal Trade Commission, a federal district court in Chicago has shut down an international robocall ring that allegedly conned consumers out of $995 each with false promises that it would reduce their credit card interest rates, but provided little or nothing in return. As part of its crackdown on frauds that seek to take advantage ... Read More »

                        Ohio Sues National Homeownership Assistance Foundation, American Debt Relief Foundation, and VA Payment Reduction Notification

                        OH Complaints

                        According to the Dayton Daily News and Randy Tucker, Ohio Attorney General Richard Cordray is going after some bad actor mortgage modification companies. Cordray is seeking civil penalties and restitution for homeowners who paid an average $2,500 up front to have their mortgages modified to reduce payments. Three interrelated companies are at the center of the most recent spate of ... Read More »

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

                          Ready to Collapse

                          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 »

                            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 »

                              Vortex Debt Group Sued For Just About Everything

                              Vortex Debt Group out of Florida is a name familiar to me. I’ve written about them before, here. Yesterday Vortex was sued by Terry Rudd in a class action suit. It seems that Vortex really wanted to control the client and allegedly left the client disadvantaged. “The Vortex representative hid from plaintiff the fact that the agreement purported to contain ... Read More »

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