Do You Think the Attorney Model of Debt Settlement is Still a Loophole? – Chris

“Hey Steve, I currently work in the Debt Relief Industry for a Company who provides Debt Management, Debt Settlement, and Bankruptcy. As of right now our Company provides an Attorney Model Debt Settlement program. We charge 15% of the enrolled debt which is spread out evenly over the entire payment plan. We also conduct a … Read more

Debt Settlement for Business Debts. One Step Ahead of Regulators Says Reorganization Management Group.

Thanks to a tipster (send in your tips here) I received the following notice from the Reorganization Management Group. This is the second such organization that has been brought to my attention recently that claims to focus on business debts. The first was a business debt settlement company called Corporate Turnaround. More about them later. … Read more

Face to Face Meeting Companies May Just Be Partners in Debt Settlement Deception

A debt settlement company has forwarded me the following email pitch they received from a face-to-face meeting company. These companies are acting as agents of debt settlement companies in order “to satisfy the FTC’s face to face TSR exemption,” so some debt settlement companies can continue to collect large up-front fees from consumers. The Email … Read more

Loeb & Loeb Law Firm Issues Guidance to Debt Settlement Companies Looking at FTC Loopholes

Since the Federal Trade Commission telemarketing sales rules (“TSR”) were released I’ve written about a number of claims and assertions debt settlement companies have made to continue business as usual. We’ve heard all sorts of strategies that companies claim are legal, loopholes or not covered by new regulations going into effect on September 27, 2010. … Read more