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Debt Relief Attorney Settles With New Jersey. So Does Paramount Debt Settlement USA, New Day Financial Solutions, American Credit Repair and Settlement, and American Financial Advocacy Council.

Attorney General Paula T. Dow announced October 18, 2010 that the owner of several New Jersey loan modification companies has agreed to pay the state $805,000 and stay out of the foreclosure rescue business to resolve allegations he defrauded struggling homeowners who sought help in staving off foreclosure. Defendant Stephen Pasch of Greenbrook Township, Somerset …

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New Jersey Goes After Loan Modification and Debt Settlement Companies. Suits Filed.

Continuing the State’s effort to combat mortgage-related fraud, New Jersey Attorney General Anne Milgram announced today the filing of two new lawsuits charging a total of 10 individual and corporate defendants with selling bogus loan modification services to distressed homeowners. Defendants in the two unrelated cases are charged with collecting unlawful “up-front” fees for loan …

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