Are Debt Relief Mailers Like These in Your Mailbox Also?

Debt Relief Mailer Envelope

A reader that wanted to be identified as The Machine sent in the following statement and mailer they received through my I Buy Junk Mail program. The Machine said, “These are for both me and my wife. We have a large amount of credit card debit and get stuff like this ALL the time. It’s … Read more

Alleged Debt Negotiation Services Representative Yells at Widow Who Just Wants Her Money Back – Listen

Please read the update below from Debt Negotiation Services. They deserve praise for the way they handled this issue and dealt with assisting the consumer to resolve the issue. Update 11-26-2019 AM From AFCC The AFCC has acted instantly and has issued the following statement that I received from Robby Birnbaum. I applaud the AFCC … Read more

CRL Report Results in Silence From the Debt Relief Industry

The other day I published the debt settlement recommendation report from The Center for Responsible Lending (CRL), click here. As vocal as critics have been in attacking this site and myself for being outspoken about consumer unfriendly debt relief practices I felt certain people would have comments to offer about the CRL recommendations. But silence, … Read more

CRL Comes Out With Debt Settlement Warning. Is it Fair?

The Center for Responsible Lending just released a paper on debt settlement. Take a look at the information they published and add your comment below if you think their research is on the mark or way off base. It appears CRL relied upon data published by the American Fair Credit Council in making their determinations … Read more

AFCC Takes Some Action and Suspends Mission Settlement Agency

Yesterday I wrote an article that was critical of the AFCC for their lack of action against Mission Settlement Agency and Rescue One. I have to give them a pat on the back for doing something this time. The AFCC has taken a little bit of action and suspended Mission Settlement Agency as a member. … Read more

AFCC Current Member Criminally Charged in Debt Settlement Fraudulent Scheme

In what must certainly be a terrible embarrassment for the American Fair Credit Council, AFCC, one of their members was criminally indicted today by the Manhattan U.S. Attorney. According to documents released today, Mission Settlement Agency, Michael Levitis, and employees Denis Kurlyand, Boris Schulman, and Manuel Cruz have been criminally indicted for misrepresenting debt settlement … Read more

Rescue One Financial Still Sending Disturbing Mailer

Previously an alleged former employee of Rescue One Financial spoke out about a marketing practice that concerned them. See Alleged Former Employee Speaks Out About Rescue One Financial Loan Offers I expressed concern to both Freedom Debt Relief, who was getting referrals from this, and Rescue One Financial about the marketing mailer and specifically asked … Read more

American Fair Credit Council Names Persolvo Officer to Board

Persolvo Data Systems, a leading provider of web-based settlement software and analytics tools designed to locate, identify and settle accounts enrolled in debt settlement programs, announced today that The American Fair Credit Council (AFCC), the leading association of consumer credit has named Teresa Dodson, Chief Operating Officer of Persolvo, to its executive board. Ms. Dodson … Read more

Robby Birnbaum Provides Interesting Review of What Went Wrong With U.S. Debt Settlement Industry

Robby Birnbaum, a lawyer with the law firm Greenspoon Marder and an executive with both TASC (The Association of Settlement Companies) and AFCC (American Fair Credit Council) recently participated in an enlightening interview with Richard Cooper from Total Debt Freedom in Canada. Putting the interview into context, with the lobbying and pushing back TASC engaged … Read more

It’s Been A Year Since The TSR – What’s Changed With Debt Settlement?

A year ago this month the Federal Trade Commission (FTC) barred debt settlement companies that used telemarketing from accepting up-front fees. Although it’s been an entire year since this change we are still see companies trying sneak in those up-front fees with businesses trying to exploit loopholes. The whole purpose of the Telemarketing Sales Ruling … Read more

American Fair Credit Council Given a Chance as Consumer Advocates – FAIL

This is the story I wasn’t going to write. It’s been mulling about in my head for a few days but now it just has me irritated. A little history first. Back in May, TASC, The Association of Settlement Companies, announced they were changing their name and organization to the American Fair Credit Council (AFCC). … Read more

AFCC -35, TASC – 41. Lost in Translation? Bermuda Triangle of Debt?

A reader sent in an interesting question. They wanted to know why if TASC (The Association of Settlement Companies) changed their name to AFCC (American Fair Credit Council) then why did TASC report having 41 members and AFCC only reports 35. – Source Good question. What’s interesting about the AFCC membership list is that it … Read more

The Wild Ride in Debt Relief – Andrew Housser

The following guest post was contributed by Andrew Houser. Andrew Housser is co-founder and co-CEO of Freedom Financial Network, LLC, the parent of Freedom Debt Relief, which has settled over $1 billion in debt for its customers in the past 8 years. He sits on the executive board of the American Fair Credit Council (formerly … Read more

TASC American Fair Credit Council Lay Out The New Branding Attempt

A tipster (send in your tips here) sent in the following presentation. Below you will find the rebranding presentation that was sent out by TASC along with their open letter announcing their new name of AFCC. The new buzzwords are NAFDS (“No Advance Fee Debt Settlement”), they need us, we are consumer advocates, and “Our … Read more