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Sued or Sanctioned

Lloyd Ward Loses Law License in Litigation. Only for Two Months.

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Writing anything about Lloyd Ward is a touchy subject. On one hand he was a prominent debt settlement attorney and on the other hand he sued my wife and I. In my personal situation the case was dismissed. In all, I really don’t hold a grudge or even “hate” the guy. As far as I’m concerned he’s just relevant news ... Read More »

    Connecticut Makes it Tougher on Unlicensed Companies

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    I’ve been writing about the debt relief world for a long time now. But today the Connecticut Department of Banking pulled a new one on me. Not only is Connecticut tough as nails when it comes to offering debt relief in their state, but now they are even going after companies that “are violating or are about to violate the ... Read More »

      A+ Financial Center Scheme Settles With FTC


      The Federal Trade Commission has settled with a set of defendants associated with the A+ Financial Center scheme. They were charged in last year’s joint law enforcement sweep against five companies that made millions of illegal pre-recorded robocalls claiming to be from “Rachel” and “Cardholder Services” and pitching credit card interest rate reduction services. In the five complaints announced in ... Read More »

        World Law Debt, Meet Oregon

        Panic attack

        World Law Debt might want to read the tea leaves facing them from recent actions by North Carolina and now Oregon. Read past article on World Law Debt On July 1, 2013 the Oregon Department of Justice and Department of Consumer and Business Services sued Swift Rock Financial, Wold Law Debt, World law Direct, World Law Group, World law Plan, ... Read More »

          FTC Goes After More in Alleged Credit Card Interest Rate Reduction Scam


          The Federal Trade Commission continued its crackdown on credit card rate reduction scams by adding eight new defendants to a case the agency brought last year, including a payment processor it alleges assisted in the fraud. The FTC filed an amended complaint against the defendants behind the firm Treasure Your Success (TYS), which allegedly made deceptive “cardholder services” robocalls, promising ... Read More »

            New Life Consultants / New Life Financial Solutions Gets a CT Time Out

            Cure the disease

            The Connecticut Department of Banking has issued a cease and desist and civil penalty against New Life Consultants / New Life Financial Solutions for running afoul of the Debt Adjusters and Debt Negotiation statutes. After giving the New Life folks a chance to respond, the State gave up and has now issued a $100,000 fine against the troubled company. – ... Read More »

              Innovative Wealth Builders in FTC News Again With Independent Resources Network

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              It seems like forever Ive been writing about Innovative Wealth Builders and all the unhappy consumers that feel for their debt relief pitch. But it looks like the FTC has taken a step against their payment processor that could have ramifications in other parts of the debt world with payment processors and escrow companies. According to the Federal Trade Commission ... Read More »

                CFPB Suit Against Debt Relief Company Should Make Industry Very Afraid

                Boom goes the dynamite.

                Yesterday the Consumer Financial Protection Bureau filed suit against American Debt Settlement Solutions, Inc. and Michael DiPanni. If you are in the debt relief industry you need to become painfully familiar with this suit because it will make you soil your pants. For the first time the CFPB has laid out its hand on what they feel is an abusive ... Read More »

                  Universal Debt Services Gets Order to Make Restitution

                  The folks over at the Connecticut Department of Banking, otherwise known as the people you don’t want to F with, have reached out and touched Universal Debt Services, Inc. in New York. The State assets the following: 1. Respondent is a New York corporation with offices at 100 Veterans Boulevard, Massapequa, New York, and One Cross Island Plaza, Suite 100, ... Read More »

                    World Law Debt, Global Client Solutions and Others Sued in NC. TRO.

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                    Yesterday the State of North Carolina and the North Carolina State Bar filed suit against Swift Rock Financial, World Law Debt, World Law Group, Orion Processing, World Law Processing, Derin Scott, and Global Client Solutions. This suit is different than many others I’ve seen in that it is a joint effort by both the State Bar and the Attorney General. ... Read More »

                      NoteWorld / Meracord Loses Arbitration Agreement With Court

                      Shocked Face

                      An interesting development in the NoteWorld / Meracord world and a court case involving an arbitration agreement. The Ninth Circuit Court of Appeals heard the case between Amrish Rajagopalan and NoteWorld. Apparently NoteWorld tried to rely on the arbitration agreement the debt settlement company had in their agreement to compel this situation out of court and into arbitration. According to ... Read More »

                        FTC Catches Bogus Tech Support Scam and Then Finds a Debt Relief Company


                        The Federal Trade Commission announced a settlement over a bogus tech support service and accidentally found a debt relief company that was violating the Telemarketing Sales Rules in the process. Mikael Marczak, doing business as Virtual PC Solutions, and Sanjay Agarwalla were among the subjects of a series of six complaints filed by the FTC last September as part of ... Read More »

                          Sameer Qadri, Connecticut is Calling and Looking for $100K

                          top secret

                          The Connecticut Department of Banking has issued a cease and desist notice and civil penalty to Sameer Qadri and Accredited Law Group. Qadri has also been associated with Estate Law Group. After a lack of response to many certified letter the State sent Qadri, the State has issued a final cease and desist letter for violation of Connecticut General Statutes ... Read More »

                            Debt Relief Company Options Debt Consolidation Canada Hits Rough Patch


                            The Vancover Sun is reporting a situation which sounds familiar in the U.S. as well regarding Options Debt Consolidation Canada and Options Credit Canada. Apparently Options Credit was selling agents or franchise owners a magnificent debt relief business opportunity where they would receive “with real-time leads and the ongoing support and management necessary to qualify prospective clients and to generate ... Read More »

                              EFA Processing and Consumer Law Associates Named in CT Cease & Desist


                              EFA Processing, a Texas company, and Consumer Law Associates, a Maryland company, were named in a public notice by the State of Connecticut. The State Said: 1. EFA is a Texas limited partnership with its principal place of business at 7668 Warren Parkway, Suite 325, Frisco, Texas. 2. CLA is a Maryland limited liability company having its principal place of ... Read More »

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