Colorado Cancels or Revokes Debt Settlement and Credit Counseling Company Licenses

The State of Colorado has apparently revoked or canceled the licenses of Vortex Debt Group, Square One Debt Settlement, New Life Debt Relief, Nationwide Support Services, CSA, Credit Solutions of America, and Credit Answers. The following credit counseling group license was canceled through withdrawl, National Foundation for Debt Management. [Update: For clarification, please be advised … Read more

New Life Debt Relief and Debt Stub Have Similar Websites and Settlement Examples

A commenter on an article I just wrote about DebtStub.com, (see article here), which says they are located DebtStub.com, 128 Old Town Rd Suite A Setauket, NY 11733, just posted that a comment saying the DebtStub.com site looks the same as the New Life Debt Relief site. New Life Debt Relief says they are located … Read more

Legal Services Speaks Out About Non-Profit Credit Counseling

There has been a lot of attention focused on rogue debt settlement companies over the past year. And now that battle is mostly over with the introduction of the FTC telemarketing sales rules, as I have predicted, more attention will now turn towards non-profit debt relief services. The non-profit market will become polluted with companies … Read more

International Association of Professional Debt Arbitrators – IAPDA Certification Exposed

Loyal readers may have observed that I routinely never mention IAPDA, the International Association of Professional Debt Arbitrators (IAPDA) or even mention that a company may display their logo as being a member. It’s not that I’ve not noticed their logo displayed on sites, it’s that many in the industry have disparaging things to say … Read more

The Elusive USOBA Membership List Made Public

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. … Read more

Eleven Companies Settle With The State Under New Debt-Management And Credit Counseling Regulations

Colorado Attorney General John Suthers announced 3-12-2009 that enforcement actions taken under debt management laws that came into effect last year have resulted in settlements from 11 companies. “In this current economy, consumers need to be particularly careful about offers to eliminate debts and erase negative information from credit records,” Attorney General John Suthers said. … Read more