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

Illinois Class Action Filed Against Freedom Debt Relief, Freedom Financial Network, Debtmerica, Global Client Solutions and Others

A May, 2012 class action lawsuit filed by Theresa Driscoll and others has just been moved to Federal court. The case was filed against Freedom Debt Relief, Freedom Financial Network, Debtmerica, Global Client Solutions, Andrew Houser, and Bradford Stroh. The case claims the Defendants violated the Illinois Debt Settlement Consumer Protection Act {“IDSCPA”) and Illinois … Read more

Scott Law Group Debt Settlement Litigation List Contains Some New Companies

The Scott Law Group in Washington State has been VERY active in going after debt settlement companies that allegedly injure consumers. It appears some new companies have been added to their list of current litigation, The new companies include FBL Associates, Lifeguard Financial, Please Reduce My Debt, and Think Outside the Box Solutions. – Source … Read more

Debtmerica – Freedom Debt Relief – Consumer Complaint – 3-8-2012

Date This Problem Happened: December 26, 2009 State You Live in: Maryland Race/Ethnicity: White Age Range: 36-50 Total Amount of Fee Paid: $6,125.24 Company Name: Debtmerica – Freedom Debt Relief Company Address: 1875 S Grant St Suite 400 San Mateo, CA 94402 Company Telephone Number: 800-470-8155 Website of Company: debtmerica.com Consumer Statement: I was told … 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

Debtmerica Takes Stance Against Attorney Model Debt Settlement Companies

In a press release sent out today by Debtmerica they made some interesting statements regarding attorney model debt settlement companies. “At Debtmerica, our staff all participated in making sacrifices so we could continue to pursue our mission of helping Americans become debt free and remain so. To see that consumers are readily engaging in our … Read more

Should I Go With CareOne or Debtmerica to Eliminate My Credit Card Debt? – Zeeshan

“Dear Steve, Hey Steve, I recently piled up a bunch of credit card debt trying to pay bills, it wasn’t a problem paying them off until I got into school where I do not have a source of monthly income but do get a little help from my parents. I am just unable to pay … Read more

Debtmerica Launches It’s New Performance 100 Program to Comply With FTC TSR. But…

So this morning I open up the press release from Debtmerica and I was elated to see yet another debt settlement company come out and support the FTC TSR. But when I scrolled down to the bottom of the release, what do I see, but an embedded look at the top of their website with … Read more

Debtmerica Relief Vietnamese Television Commercials

Now this is what I call really targeting a niche market for debt settlement services. What I found interesting is that while the marketing messages have been translated into the target language, the disclaimers and warnings have not for both the Hispanic and Vietnamese versions of their site. That would leave those target markets at … Read more

I Am Skeptical About Faxing My 16 Page Contract to Freedom Debt Relief Since We Originally Contacted Debtmerica

“Dear Steve, WE ARE NO LONGER ABLE TO KEEP UP WITH OUR CREDIT CARD BILLS’ HUSBAND RECIEVED A 50% CUT IN SALARY. WE SEEKED OUT THE HELP OF DEBT RELIEF WITH A COMPANY CALLED DEBTMERICA,HOWEVER THE CONTRACT THAT I RECIEVED HAD THE LETTERHEAD 0F A COMPANY CALLED FREEDOM DEBT RELIEF. VERY SKEPTICAL ABOUT FAXING THEM … Read more

I Contacted Debtmerica for Debt Settlement Services but Got a Contract Saying CNI Century Negotiations. – Stephanie

“Dear Steve, I want to consolidate/settle 3 credit cards. All equal less than 10k. I have been recommended to go through debtmerica and contacted a representitive. I just gave him the information, and the next day, I got a quote. It seems too good to be true. I would be paying 200/month for approx 25 … Read more

Debtmerica & Debtmerica Relief Review

This review is the result for several requests I’ve received about this company. Address: Debtmerica, LLC 3100 S. Harbor Blvd., Suite 250 Santa Ana, CA 92704 Also know as Debtmerica Relief. Website: DebtMerica.com Domain was registered April 28, 2006 and is owned by Debtmerica LLC. Good. Description: Debt settlement company. Management Jesse E. Torres, IV … Read more

I Am Trying to Decide Between Debtmerica and Debt Harmony for Debt Settlement Services. – Stephanie

“Dear Steve, My name is Stephanie. I have about 7200 dollars in cc debt. I spoke with 2 people from 2 different comanies. They want 200 for 25 mos and the other wants 207 for 20 mos. I don’t know what other factors to consider since they are roughly the same amount. I know debt … Read more

New York Attorney General Announces Nationwide Investigation Into Debt Settlement Industry

Subpoenas Fourteen Debt Settlement Companies and One Law Firm in Connection with Probe Debt Settlement Companies Often Charge Huge Fees for Misleading Plans, Suggest Selling Blood Plasma to Raise Funds, and Leave Consumers in Worse Financial Shape NEW YORK, NY (May 7, 2009) – Attorney General Andrew M. Cuomo today announced a nationwide investigation into … Read more