Under the heading of ironic debt relief outcomes, one of the major debt settlement players, World Law Debt and Orion Processing, recently filed a Chapter 11 bankruptcy proceeding. I guess their debt issues were beyond settling. This matter came to light when a reader asked me to look at a notice they received in the …
It was just brought to my attention that the issue between the debt settlement group World Law and The State of North Carolina is still going on. There was even a recent amended complaint filed by the State. In the latest round of public documents the State makes the following claims in its June 25, …
Yesterday the State of North Carolina and the North Carolina State Bar filed suit against Swift Rock Financial, World Law Debt, World Law Group, Orion Processing, World Law Processing, Derin Scott, and Global Client Solutions. This suit is different than many others I’ve seen in that it is a joint effort by both the State …
The following review was generated as the result of a request made by a tipster (send in your tips here) who wanted me to look at this allegedly new debt relief company. While the company says their corporate office is in Texas, a search of the Texas Secretary of State records could locate no company …
A reader received the following mailer and was concerned about the promises made. You know, at some point, after years of covering these things it feels like it will never end. It’s just one deceptive and misleading mailer sent after another. I begrudgingly picked up the phone and called the number on the “Resolution Pending” …
On June 17, 2011 the following case was filed, Jalenna Bowie v. Clear Your Debt, Global Client Solutions, Orion Processing, Derin Scott, Shannon Scott, and Pradeep Nair. The case goes after the debt relief providers for violating the Credit Repair Organizations Act, violations of the Ohio debt adjusting statutes, violation of the Ohio Consumer Sales …
Thanks to an awesome tipster (send in your tips here) I received the email and attachment below. By itself it’s nothing new but it was the non-disclosure agreement that caught my eye. The document says it was created by Gil Medeiros who I remembered writing about, here. (Additional information) The tipster (send in your tips …
Illinois Attorney General Lisa Madigan today filed four lawsuits against debt settlement companies, alleging that the defendants are engaging in deceptive marketing practices, charging excessive fees and doing little or nothing to improve consumers’ financial standing. Along with these suits, Madigan has proposed legislation that would crackdown on the industry’s abusive practices. “These companies are …
