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Idaho Bars Three From Mortgage Loan Modification Business

The owners of a North Idaho mortgage modification company are prohibited from engaging in loan modification activities with Idaho consumers, Attorney General Lawrence Wasden said today. Randy Allen, Clint Paulsen, and Travis Smith, who operated HomeModifier in Post Falls, signed a consent judgment that prevents them from opening a new mortgage modification business in Idaho. … Read more

American Loan Assistance, Aria & Associates Inc. in a Bit of Arkansas Trouble

From ArkansasBusiness.com: Arkansas Securities Commissioner Heath Abshure on Monday issued a cease-and-desist order against a California company that failed to deliver on a mortgage modification after being paid $1,800 by a Springdale resident. The order says Aria & Associates Inc. of Irvine, Calif., which does business as American Loan Assistance, has never been licensed to … Read more

Class Action Suit by Debt Settlement Employees Started at Credit Solutions of America

Recently I’ve written about class action lawsuits by debt settlement company employees against their employers for wage issues. The following companies, SO FAR, have been involved in this; ABC Debt Relief, The Debt Answer, Lloyd Ward & Associates, Debt RX USA, Silverleaf Debt Solutions. From what I have been able to find it looks like … Read more

Global Client Solutions, ONB Bank and Trust, and GHS Debt Solutions Hit With Class Action Suit

This suit was filed on August 3, 2010 in Missouri. The Plantiff is Myra Perkins and other class participants v. Global Client Solutions, ONB Bank and Trust, GHS Solutions, and GHS Debt Solutions. The suit states: This action is brought by Plantiff on behalf of herself and a proposed class of Missouri residents who paid … Read more

Debt Settlement Frederick Law Group, Attorney Disbarred, Jailed, and Now Broke

Former Maryland attorney Richard Brennan, doing business as the Frederick Law Group and The Law Office of Richard A Brennan, has just been hit with a $2.7 million dollar judgment in an attempt to collect money due clients of his debt settlement law firm. Brennan has been disbarred, jailed and is now without a job, … Read more

ABC Debt Relief, The Debt Answer, Lloyd Ward & Associates, and Lloyd Regner Sued By Employees

A recent legal case has brought some very interesting information to light from inside a debt settlement company and the alleged attorney debt settlement firm. On July 8, 2010, employee, Chris Onorato, filed a lawsuit against ABC Debt Relief, The Debt Answer, Lloyd Ward, PC. Lloyd Ward & Associates, and Lloyd Regner (3:10-cv-0132). The allegations … Read more

Upfront Fee Credit Repair Companies Sued by MA AG

BOSTON – Attorney General Martha Coakley’s Office has filed a lawsuit against two individuals who charged illegal upfront fees and allegedly made false promises to fix Massachusetts consumers’ credit reports through their credit repair businesses. The individuals operate under the business names of Credit Score Rebuilders and Integrity Credit Restoration. The lawsuit, filed last week … Read more

Marketers of Rapid Debt Reduction Program, Pay $1.5 Million for Promising to Reduce Interest Rates

Defendants Permanently Banned from Marketing Debt Relief Services The marketers of a “Rapid Debt Reduction” program who promised to lower interest rates on credit cards – for an up-front fee of up to $899 – have settled Federal Trade Commission charges that they misled consumers. Under a court order settling the FTC’s case, the pitchmen … Read more

Mossler Law Firm and SFC State Capital Financial Kicked Out of Vermont for Debt Settlement Services

The release below from the Vermont Attorney General seems to support the points I raised in my recent article, The Critical Flaw in The Attorney Model for Debt Settlement. One of the debt settlement entities below that got the attention of the State of Vermont was a law firm. So much for attorneys getting to … Read more

Disbarred Kentucky Attorney Bruce Atherton Accused of Offering Illegal Debt Relief Services by Attorney General. He’s Already Headed to Jail.

Indiana went after attorney Bruce Atherton of Kentucky and issued the statement below. As I remember, Bruce Atherton was behind Bruce Atherton and Associates in Kentucky that sold attorney based debt settlement services. A tipster (send in your tips here) told me he was also the guy behind Debt Restructuring of America (source) and My … Read more