Where Did My Payment Go For Arete Financial Freedom?

Question: Dear Steve, I was enrolled in the Arete Financial program. I’m getting emails from you saying I haven’t paid my November payment. I’m so confused. I’m still making payments to the company. Please inform me as to what is going on. I’m not sure what to do. Thanks, Tamie Answer: Dear Tamie, Arete Financial … Read more

Arete Financial Freedom Employees Clean Out Dates and Receiver FAQs

The Receiver in the case involving Arete Financial Freedom and others has posted an FAQ that provides specific information on what consumers should do. But first, in more evidence the Arete settlement clients will remain in limbo, former employees are being escorted to clean out their desks. The Receiver says “Notice to Employees – December … Read more

Arete Financial Freedom Debt Settlement Services Raising Concern

I received the following comment from a consumer regarding her services with Arete Financial Freedom settlement services. These sorts of issues the consumer states are sometimes difficult to evaluate. It is sometimes hard to distinguish between an unhappy consumer who is stuck in a program being investigated by a regulator and valid complaints. Arete Financial … Read more

Arete Financial Freedom Settlement Business Looks Cooked

The case filed by the Federal Trade Commission (FTC) against American Financial Support Services over alleged illegal student loan assistance program issues looks like it has snagged the debt settlement program of Arete Financial Freedom leaving consumers in a very problematic limbo. How This Happened The FTC filed suit against the following: “Defendants American Financial … Read more

Recent Debt Relief Case Turns Into a Rabbit Hole for Conspiracy Theorists

While some people can find the biggest conspiracy in the smallest discrepancy, I don’t embrace that approach. Instead, I try to look for verifiable facts that can be supported with outside documents. The recent case against American Financial Support Services, Arete Financial Group, Arete Financial Freedom, CBC Conglomerate, 1file.org, Diamond Choice, Interest Rate Solutions, J&L … Read more

Receiver Report on American Financial Support Services Contains Exotic Cars, Mushrooms, Gun, Weed, and Interesting Details

The preliminary report of the court-appointed receiver was made public in the case involving a number of student loan assistance companies including American Financial Support Services. To refresh your memory on the case, read this. In recent days, people named in the case have filed documents saying they should not have been included or had … Read more

Settlement Corporation of America on CT Radar

The State of Connecticut Department of Banking has just announced a new enforcement action against The Purewal Law Group, Legal Network of America, and Settlement Corporation of America. According to the information provided, the parties named “shall immediately cease and desist from engaging or offering to engage in debt negotiation in Connecticut without a license, … Read more

Meracord, Noteworld, and Fidelity and Deposit Company Hit With Class Action

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 … Read more

Meracord / NoteWorld Still Taking a Beating Over Debt Relief Activities. Drags Many In.

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 ([email protected]) with Hagens Berman Sobol Shapiro in Seattle and makes similar allegations as other suits have. The suit damns companies that have worked or are … Read more

Washington Class Action Suit Refocused on Lloyd Ward and Meracord

Back in July a class action lawsuit was filed against Meracord (formerly NoteWorld) and Lloyd Ward, the Dallas debt settlement attorney who has sued my wife and I. The first compliant filed was a bit meandering and did not focus that much on the activities of Ward and his debt settlement companies. It appears the … Read more

Reader Wants to Know What’s Up With NoteWorld Lawsuit

A reader sent in a comment, “I have been following the Noteworld class action suit from afar. Are you aware of a settlement in this case? Thanks for all the good work you do out there and your help with this is much appreciated.” I have not checked on the case in a while, so … Read more

NoteWorld Hit With Class Action RICO Suit

Thanks to a tipster (send in your tips here) we discover that NoteWorld was just hit with a lawsuit on behalf of consumers against Noteworld, LLC (“Noteworld”), claiming the Tacoma, Wash. company has violated the Racketeer Influenced and Corrupt Organizations Act (“RICO”) by engaging in a conspiracy to defraud consumers by extracting exorbitant fees from … Read more

AFCC -35, TASC – 41. Lost in Translation? Bermuda Triangle of Debt?

A reader sent in an interesting question. They wanted to know why if TASC (The Association of Settlement Companies) changed their name to AFCC (American Fair Credit Council) then why did TASC report having 41 members and AFCC only reports 35. – Source Good question. What’s interesting about the AFCC membership list is that it … Read more

NoteWorld Involved in Georgia Class Action Case on Debt Adjusting. Raises Bigger Issues.

It seems the issues surrounding if payment processors in the debt settlement world is getting more complicated. This recent class action case is out of Georgia against NoteWorld and Noteworld Servicing Center; Hattie Burke v. NoteWorld. It appears that NoteWorld gets sucked in not because of their actions but because of the actions of who … Read more

NoteWorld, NoteWorld Servicing Center, Nationwide Support Services and Freedom Debt Center Slapped With Class Action Suit

There was a very recent class action suit against NoteWorld, NoteWorld Servicing Center, Nationwide Support Services, and Freedom Debt Center. Both Nationwide Support Services and Freedom Debt Center are TASC members. – Source. Joanne Garneau, the CEO of Nationwide Support Services, serves on the Executive Board of TASC. – Source I would not be surprised … Read more