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Sued or Sanctioned

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

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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

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    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.

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      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

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        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

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          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

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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 »

                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 »

                    Consumer Law Group Bails Out of North Carolina After Attorney Model Fails

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                    WRAL television in Raleigh, NC is reporting Consumer Law Group of Florida, who was recently sued by the NC Attorney General, has agreed to pull out of North Carolina. Under North Carolina law, it’s illegal to charge an upfront fee to help negotiate debts, also called debt adjusting or debt settlement. Some companies promising debt relief, including Consumer Law Group, ... Read More »

                      CreditAnswers Sued by Employee for Unpaid Wages

                      In what is looking like an ongoing wave of suits against debt settlement companies by employees for unpaid wages, the latest to be sued was Credit Answers in Texas. Other debt relief companies sued include Lloyd Ward Law Firm, ABC Debt Relief, and Credit Solutions of America. Defendant is a debt settlement company doing business in Texas. Plaintiff was employed ... Read More »

                        Johnson Law Group Nevada Forced Into Bankruptcy

                        The Johnson Law Group in Nevada previously was forced into an involuntary bankruptcy on June29, 2010. Just recently they have finally submitted financial statements and details which help to give us a clearer picture of what is going on. According to a document filed on July of 2010 the story of what happened to the Johnson Law Group is reveled. ... Read More »

                          Debt Relief Attorney Settles With New Jersey. So Does Paramount Debt Settlement USA, New Day Financial Solutions, American Credit Repair and Settlement, and American Financial Advocacy Council.

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                          Attorney General Paula T. Dow announced October 18, 2010 that the owner of several New Jersey loan modification companies has agreed to pay the state $805,000 and stay out of the foreclosure rescue business to resolve allegations he defrauded struggling homeowners who sought help in staving off foreclosure. Defendant Stephen Pasch of Greenbrook Township, Somerset County, agreed to a judgment ... Read More »

                            Promoters of Debt Elimination and Tax Relief Scheme Get Hard Jail Time

                            A federal court in Pensacola, Fla., has sentenced three of nine promoters of a fraudulent tax-and-debt-elimination scheme to prison terms for their roles in tax fraud, wire fraud and money laundering, the Justice Department and Internal Revenue Service (IRS) announced today. Four others were sentenced in July to prison terms ranging from 5 to 12 years. The remaining two will ... Read More »

                              Florida Debt Relief Scammer Appears Pale in Jail Uniform

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