Freedom Debt Relief Facing More Court Actions Since Being Sued by CFPB

It cannot be fun times at Freedom Debt Relief right now given the number of actions that have placed them in the crosshairs. It looks like the bad times are continuing. While I was checking on any updates regarding the suit by the Consumer Financial Protection Bureau against Freedom Debt Relief (more here and here) … Read more

IRS Yanks Nonprofit Status of Credit Counseling Agencies

The IRS has just posted a public update on the nonprofit credit counseling agencies that have recently lost their 501(c)3 tax status from the IRS. The companies named lost their nonprofit status in April and early May, 2012. They include: Budget Right Debt Management, Inc. Lake Mary, FL 4/9/12 Budget Right Debt Management, Inc. Maitland, … Read more

My Parents Sent Me to CreditGuard of America. – Ray

“Dear Steve, I’m a freelance photographer. I was laid off from my job in 2008 and started freelancing shortly there after, as well as assisting another photographer. I moved in with a friend but was unable to pay him rent for the first 8 months or so. I owe him for that ($4500 approx). As … 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