The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, Bankruptcy, and Debt Consolidation Loans

This is a story that I’ve been working on for a few weeks. I’ve been asking people and groups for feedback and information to write this but what I’ve run into, is a wall. I have received some feedback from groups and people that don’t wish to be publicly identified to protect themselves but what … Read more

American Fair Credit Council (AFCC) Rumored to be the New Name for The Association of Settlement Companies (TASC)

I received a tip today that earlier it was announced at The Association of Settlement Companies (TASC) conference in Las Vegas that TASC is going to be changing their name to American Fair Credit Council (AFCC). Let the rebranding begin.

TASC Back At It Again. Fighting Back Against Delaware HB 72 With Fiction.

A tipster (send in your tips here) forwarded me a copy of the April 6, 2011 correspondence by The Association of Settlement Companies (TASC) on the proposed amendment of the Delaware code relating to debt management services. The Delaware Debt Management Services Act (source) was modeled after the uniform act developed by the National Council … Read more

Offshore Debt Settlement, Morgan Drexen, Badges, Elizabeth Warren, Bed Intruder, CROA, and More – Podcast

Here is this weeks podcast where Damon Day and I talk about a number of debt industry issues including: Debt settlement companies settling up offshore enterprises to sell services back to U.S. residents. The odd statements made in the recent Morgan Drexen press release. You can watch video from the release here. What is the … Read more

National Debt Settlement Bureau Rips Off TASC Web Site. Now That’s Funny!

Thanks to a tipster (send in your tips here) (Rachel) I just learned about the National Debt Settlement Bureau (ndsb.org). Apparently Nima Momayez is the president of the National Debt Settlement Bureau. – Source NDSB describes themselves as “NDSB is a consumer-protection association specifically committed to promoting fair and ethical business practices by debt settlement … Read more

TASC, Are You Kidding Me With FreeDebtReductionHelp.com?

The Association of Settlement Companies (TASC) just sent out a press release (source) that contains the following statement: Going to a website like http://www.freedebtreductionhelp.com will ensure that consumers are paired up with a legitimate and TASC certified debt settlement company. Consumers that have at least $10k in unsecured debt and that can prove a financial … Read more

I Am Working With Debt Settlement America But Now I’m Getting Sued By My Creditors. – Bee

Bee “Dear Steve, I was divorced in 1999 after 21 yrs of marriage and 2 bankruptcys with my ex, Since then,I have bought and sold 3 houses and purchased 3 brand new vehicles and re-built my credit. I had my credit cards current but didn’t feel I was getting anywhere, even tho the payments were … Read more

Beware of Offers to Help Settle Debt Says Wisconsin State Journal

An excellent article by Chris Rickert out of Wisconsin exposed a very interesting bit of news from The Association of Settlement Companies (TASC) reveling how ineffective debt settlement is for most people. When I first wrote my article “The Truth About The Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, and Bankruptcy“, TASC … Read more

The Most Ridiculous Debt Settlement Quote of the Day.

Oh I tried so hard to let this quote just drift past me, but I confess, I just can’t. In a press release sent out by The Association of Settlement Companies (TASC) today, (source) the executive director of TASC, Dave Leuthold, is quoted as saying: “Consumers wrestling with their ability to pay their credit card … Read more

Traditional Debt Settlement Companies Are Working for the Creditors, Not the Consumer.

I recently wrote a review about a new company called Capital Protection Group. It occurred to me as I was working on it how times have changed in the last year. Debt settlement companies used to say “Credit counselors are working for the creditor, not the consumer.” Debt settlement companies seemed to want to position … Read more

Johnson Law Group and Elimadebt Not Playing Nice With Each Other

The Johnson Law Group of Nevada, not to be confused with the Johnson Law Group of Florida, are apparently having a bit of a tiff with their debt settlement marketing agent, Elimadebt of Florida and New York. Actually that would be Elimadebt USA, LLC from Florida and Elimadebt, LLC from New York. From this point … Read more

Debt Settlement America, TASC, and Chris Kesterson, What’s That All About?

Thanks to one of this sites readers who sent me a tip to [email protected] I was told about a festive holiday press release from Debt Settlement America that was sent out. December 24, 2009 – Debt Settlement America (DSA) has offered a special gift to three families this holiday season by allowing them temporary deferments. … Read more