The Consumer Law Group, American Credit Counselors and Michael Metzner Sued in Georgia

A reader brought to my attention a class action suit filed in Georgia and now moved to Federal Court. The case is Guzman v. The Consumer Law Group, American Credit Counselors, and Michael Metzner. The complaint is another in a series of complaints we’ve seen where a debt relief company is accused of violating the … Read more

Someone is Gunning for Credit Counseling Groups Budget Right Debt Management and American Credit Counselors

A tipster (send in your tips here) forwarded to me two recent formal complaints to the IRS based regarding Budget Right Debt Management and American Credit Counselors. The issue seems to be regarding IRS 501(q) standards. Now normally this is not something I might publish but in this case it seems the ammunition came from … Read more

Debt Settlement Companies Being Investigated by State of Kansas

Kansas is cracking down on the sales and service of debt settlement services. While tight lipped about who they are specifically investigating, Kevin Glendening, the Deputy Banking Director, has confirmed his office is investigating debt settlement companies. Glendening says, “Companies that I think consumers should avoid are a lot of the ones that you see … Read more

Kentucky Signs Into Law New Tough Debt Adjusting Law That Regulates Debt Settlement Companies and Others

I’ll admit I’m a bit late with this news but on April 13, 2010 Kentucky signed into law a new tough set of rules that regulate credit counseling, debt settlement and foreclosure assistance. FRANKFORT, Ky. — Gov. Steve Beshear was joined today by Kentucky Attorney General Jack Conway as he signed into law HB 166, … Read more