An email from Denise Dunckel, the CEO of the American Fair Credit Council (AFCC), has ruffled some feathers in the debt settlement industry. AFCC is a trade association for debt settlement providers and associated companies. They have been around for a number of years now. The concern by some is that the announcement of increased …
An email went out recently that said it should be shared with a friend, and that’s what a friend did. In January of 2021, the debt settlement industry started a new trade group, Consumer Debt Relief Initiative (CDRI). – Source But then another debt settlement industry trade group swept the legs out from under the …
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 …
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 …
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, …
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 …
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. …
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 …
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 …
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 …