Back in 2012 the FTC lost a case it had brought against Corey Butcher, Brent Butcher, and Financial Freedom of America, Financial Freedom Processing. The case was one where the FTC said the performance statements made by the debt settlement companies were not accurate and could mislead consumers. In what seemed like a ruling from …
A court in Texas a just issued an opinion that appears to fly in the face of the FTC Telemarketing sales rules claims about debt settlement program performance statements. On March 12, 2012, Judge David Godbey issued the following opinion in the case involving Freedom Financial Processing, Debt Professionals of America, Debt Consultants of America, …
The suits filed recently by the FTC against Financial Freedom of America, Debt Professionals of America, and Debt Consultants of America surround a common thread and common practices of many debt relief providers. A wide swatch of debt settlement companies have been guilty of similar marketing practices that the FTC is strongly saying are deceptive, …
As part of its continuing crackdown on scams that target consumers in financial distress, the Federal Trade Commission has charged three debt relief operations with making unsubstantiated claims to lure consumers nationwide into paying thousands of dollars in up-front fees, but failing to reduce credit card debts as promised. According to the FTC’s two complaints, …
As part of the testimony of the Senate hearing today on Protecting Consumers from Deceptive Debt Settlement Schemes a consumer provided testimony that named Financial Freedom of America, a USOBA member. It appears the company may have since changed their name, the FinancialFreedomOfAmerica.com website now brings up Financial Freedom Processing. What Financial Freedom Tells Consumers …
Peter Goodman from the New York Times had a piece published recently, excerpts below. It slayed the debt settlement industry as opportunists and harmful for consumers at large. Those that feel they offer a legitimate and fair debt settlement service are not going to like the long article much. But then again, the good guys …
Below you will find a document that was given to me by a USOBA member with a soul. They sent it to me at click here. I’ve actually had this for some time and I was giving the United States Organization of Bankruptcy Alternatives (USOBA) multiple chances to release to me a current membership list. …
This review became very unusual. Shortly after looking into Debt Consultants of America I discovered that Butcher and Creel also run at least two additional debt settlement companies in the same building. This review is a combination of information about Debt Consultants of America, Debt Professionals of America, and Financial Freedom of America. I find …
Attorney General McGraw Continues to Reign in the Debt Relief Industry. He announced settlements with three more companies, resulting in $214,000 in refunds for 226 West Virginia consumers. Alyson Rye of West Union was alarmed when a telemarketer from Clear Financial Solutions repeatedly badgered her to accept his offer to reduce the interest rates on …
Attorney General McGraw Continues to Reign in the Debt Relief Industry. Today he Announced Settlements with Three More Companies, Resulting in $214,000 in Refunds for 226 West Virginia Consumers. Alyson Rye of West Union was alarmed when a telemarketer from Clear Financial Solutions repeatedly badgered her to accept his offer to reduce the interest rates …