Mike Croxson Gets Back in the Saddle

Interest rate negotiation can result in a lower interest rate than you are paying now.

Consumer Education Services Inc. (CESI) has named financial services executive Mike Croxson CEO as the company prepares to roll out enhanced services to support consumers struggling to manage their financial well-being. Diane Chen, CESI’s founder and CEO for the past 18 years, will become executive director of the Institute of Consumer Money Management (ICMM), an … Read more

This Will Scare The Hell Out of You if You Sell Debt Relief Services

During the Debt Relief Master Class I held in Raleigh, NC in July 2011 we had the pleasure to meet with Michael Dye, Esq. who pursues legal action against debt relief companies. Now your initial reaction after watching the video will be intense. You will want to vilify Mr. Dye for the statements he makes … Read more

Maryland to Hold Important Hearing on Debt Settlement. Persels & Associates is Said to be Adamantly Opposed.

The Maryland Consumer Right Coalition reached out to me to let me know about upcoming hearings in Maryland that involve debt settlement. Marceline White of the MCRC said, “There will be two hearings in the Maryland General Assembly next week on regulating the debt settlement industry within the state. The legislation recommends that lawyers that … Read more

CareOne Jumps on Bandwagon with Credit Counseling Request for FTC to Take Action Against Rogue Debt Settlement Companies

A pretty smart move by CareOne. See press release below. CareOne Expands On Push to Close Debt Settlement Loopholes Columbia, Md. (December 16, 2010) – CareOne Services Inc. is adding its support to an effort launched December 15th by 11 nonprofit debt relief providers seeking more aggressive enforcement of the Federal Trade Commission’s recently amended … Read more

CareOne Sends Notice to NFCC That They Should Comply With FTC Rules

Here is a copy of the letter that CareOne sent to the National Foundation for Credit Counseling yesterday asking them to comply with the new FTC telemarketing sales rules. Apparently both ACCPros and AICCCA received the same letter. August 31, 2010 Susan C. Keating President and CEO National Foundation for Credit Counseling 801 Roeder Road, … Read more

Mike Croxson from CareOne and I Talk About The New FTC Rules, Attorney Model Debt Settlement and the Lack of Clarity in Credit Counseling

Mike Croxson, the president of CareOne, a provider of debt settlement and debt management plans, and I chat about current events in the debt relief world. Some of the issues Mike and I talk about: Where are the loopholes from the Federal Trade Commission telemarketing sales rules. What is the endgame to chasing loopholes. The … Read more

CareOne’s Mike Croxson Speaks Out About Debt Settlement Legislation

Today I was able to speak with Mike Croxson from CareOne about their performance fee based debt settlement services. We chatted about what life would be like in the debt settlement world with fee caps, what fee he could operate under, how the front-end debt settlement model is a dinosaur, the issues with credit counselors … Read more

Debt Settlement Firms Split on Maryland Bill to Regulate Fees

Companies that help consumer debtors pursue lower payments to their creditors would have to wait until a debt settlement is reached before collecting their fees under a bill now in the legislature. The bill, backed by the Maryland Consumer Rights Coalition, would allow these businesses to charge an upfront fee of $50 and then receive … Read more