I just love the Collections & Credit Risk magazine and website. Those folks over there hold no punches when it comes to the collections and debt relief industry problems. A recent article by Darren Waggoner reminded me of a string of past events surrounding a debt relief company New Life Financial that had been operating …
While the flood of lawsuits against debt settlement companies has slowed considerably yet one more class action has been added against Meracord, Noteworld, and Fidelity and Deposit Company of Maryland. This time in Arizona. The complaint provides a very long description of the alleged actions and conspiracy between the debt settlement escrow company and the …
Courthouse News is reporting a new class action suit has been filed against Meracord (NoteWorld) and other for debt settlement activities. This 50 page complaint was filed by Steve Berman (steve@hbsslaw.com) with Hagens Berman Sobol Shapiro in Seattle and makes similar allegations as other suits have. The suit damns companies that have worked or are …
As far back as early 2011, the GetOutOfDebt.org site has been publishing information about and warning consumers about suspicious and concerning practices by a number of interrelated companies promising financial help and foreclosure relief. These schemes were not uncovered by the site alone. Readers and insiders also sent in critical information that led to the …
