Quick Answer: Debt relief fraud involves schemes like mass joinder mortgage elimination that cost victims money without delivering promised results. Former industry insider Damian Kutzner, sentenced to 70 months in federal prison and ordered to pay $587,864 in restitution, advises scam victims to file complaints with CFPB and BBB while documenting everything publicly online.At one …
Quick Answer: Macklock National Credit can help reduce monthly payments through debt consolidation, but the customer’s experience shows potential risks when desperate borrowers don’t fully understand the terms. The anonymous reviewer consolidated over $17,000 in debt with lower payments but had to close multiple accounts in the process.I’m sharing my story out of pure frustration …
Quick Answer: Forward Financing appears to be a legitimate small business financing company that has filed a federal lawsuit against two debt elimination companies for allegedly scamming merchants. The Boston-based company claims Protection Legal Group and Corporate Bailout exploit businesses through fraudulent “Debt Restructure Programs” that damage Forward Financing’s reputation.Legal NewsLine posted a story that …
Quick Answer: Berges Law Group appears in conflicting roles across related debt relief companies, with cease-and-desist letters demanding they stop services while simultaneously being included in new client agreements. The arrangement raises questions about transparency when companies like Helping America Group bundle credit repair services with extensive background authorization requests to Berges Law Group.So the …
Quick Answer: American Credit Shield appears to be a questionable debt relief company charging consumers several thousand dollars plus monthly fees, despite having minimal online presence and discrepancies in their business registration. The Florida-based company registered in January 2013 but lacks transparency about their services and track record.A debt relief industry insider and tipster (send …
Quick Answer: Ken Talbert’s legitimacy remains disputed, but a court ruled against critic Jason Spencer for defamation, ordering him to pay $4,000,000 to EFA Processing, LP. The judgment found Spencer’s statements were “libelous,” “disparaging,” and “defamatory” when he knew or should have known they were false.This article was written and contributed by Jason Spencer, the …
Quick Answer: The UK debt restructure scam involved Buy My Debt Limited and The Trusted Partnership falsely claiming they could purchase consumers’ debt for 10% plus £250 fees. The High Court shut down the fraudulent operation after finding no actual agreements with lenders, despite collecting £74,000 from deceived consumers.Don’t think that scams that prey upon …
Quick Answer: World Law Debt is not legitimate, as the FTC sued operator Christopher Mallett for impersonating federal agencies and making deceptive debt relief claims. The company used multiple fake government-affiliated websites to mislead financially distressed consumers with false promises of debt elimination.The FTC has stepped in and sued some debt relief companies in an …
Quick Answer: Records show Debt Resolution Group took $10,000 from a Kentucky consumer over one year while providing no communication about settled debts and using unresponsive customer service numbers. The company appears to have used the fraudulent “hedge fund debt restructuring” pitch that promises upfront debt payments that never materialize.Date This Problem Happened: August 1, …
Quick Answer: AFCC complaints records reveal the organization’s rebranding from TASC (The Association of Settlement Companies) was primarily a marketing effort to distance itself from past issues rather than substantive consumer protection improvements. Despite AFCC’s new consumer advocacy messaging, the author tested their commitment by presenting debt restructuring concerns and found their response inadequate.This is …
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