Quick Answer: Freedom Debt Relief’s legitimacy is questionable, as Colorado revoked their license in July 2013 and banned them from enrolling new clients or collecting fees. The disciplinary action affects all their registered names including Pacific Debt Relief and Freedom Financial Network.A tipster (send in your tips here) alerted me to the fact the State …
Quick Answer: Persels & Associates faces serious legal questions, as a 2012 Georgia class action lawsuit alleges the company operated an illegal debt settlement scheme by using inexperienced attorneys as shields. The lawsuit claims Persels violated Georgia’s Debt Adjustment Act by paying attorneys small fees to use their bar licenses while targeting consumers with “avoid …
Quick Answer: Freedom Debt Relief may be worth considering for this couple with $100k in credit card debt, since their bankruptcy attorney determined they don’t qualify for Chapter 7 or 13 due to income and debt levels. Debt settlement could be their most viable option given their $120k annual income and inability to make more …
Quick Answer: Colorado’s debt counseling laws helped consumers recover $923,370 from 11 companies that violated regulations by charging illegal fees and failing proper registration. The enforcement actions show debt management rules can protect consumers when properly enforced, but violations remain common in the industry.Colorado Attorney General John Suthers announced 3-12-2009 that enforcement actions taken under …
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