Grandparent Scam Strikes Again
Put yourself in the shoes of a caring Grandmother. Let’s say one day you receive a call from your grandson telling you they’ve been in an accident and are being held in jail in the Dominican Republic. They want you to keep their little debacle a secret but they need you to wire money to them ASAP to get them out of jail. What would you do? Claudia Beach of Jacksonville, Florida recently faced...
Read MoreDave makes Thousands Screwing Consumers, way to go Dave!
When you call most 800 numbers looking for help with your debt, you will usually be talking to someone like Dave. Here is a guy that laughs all the way to the bank for pocketing $7680 for throwing some unlucky consumer into a B.S. Front loaded fee debt settlement program that is a horrible financial solution under any circumstances. Keep in mind, that was just his commission for screwing this...
Read MoreConsumers in Debt are easier to Scam!
It has now become almost a daily occurrence for me to help a consumer fix the mess that a debt settlement company has dropped them into. The universal reaction from my clients after I explain how debt settlement really works and why the program they have been sold never even had a shot at working, is “How could I have possibly signed up into such a horrible deal?” If you are a...
Read MoreRoyalty Resource Network Named in Advanced Fee Loan Deception
Consumers in West Virginia are being warned, by their Attorney General Darrell McGraw, about a scam that offers the promise of “fast and easy loans”. These promises are coming from advertisements produced by the “Royalty Resource Network” (RRN), a Canadian based scam operation, that is appearing in local West Virginia publications. Attorney General McGraw stated: “Consumers should use...
Read MoreNew Era Debt Solutions – A second look in this new era of debt settlement
New Era Debt Solutions Review About a year ago I wrote a review article about New Era Debt Solutions. At the time of the review, there seemed to be some confusion in the marketplace about the fee structure of their debt settlement service. Dan Smith, the President of New Era, disagreed with several of the things I pointed out in my review and if you read the ensuing comments on my original...
Read MoreAggressive Phone Closers Needed for Debt Settlement – Training Provided
The following is just one of many advertisements that I see every single day. Please read it and understand that when you call an ad or an 800 number looking for help with your debt, you will typically be speaking with a person with the qualifications sought after in this ad. Ask yourself if this is the type of person that is going to give you the sort of advice you need to resolve your...
Read MoreExpress Debt takes 17,000-settles nothing -refuses refund and threatens to sue client
Express Debt Settlement Review You find yourself struggling to pay over $100,000 in credit card debt. Desperate and confused you turn to Express Debt Settlement (EDS) under the promise that they will cut your debt in half and lower your monthly payments. With comforting and reassuring words, they tell you how they will employ the Law Office of Simon & Bocksch to negotiate with your creditors...
Read MoreNo upfront fee-debt settlement is nice-but tell me the risks-you neglected home slice
No Upfront Fee Debt Settlement The ink was not even dry on the new FTC law banning Debt Settlement Companies from charging advance fees before many debt settlement sales people started spinning a new rhyme of risk free debt settlement. Go ahead and sign up. You can trust me you see. We won’t charge you til after. So for you, it’s risk free. (Credit my 4 year old) Since the...
Read MoreLHDR – If You Lie Down With Dogs You Wake Up With Fleas
LHDR Lately I have received an increasing number of consumer requests asking me what I think about hiring Legal Helpers Debt Resolution (LHDR) to help them settle their outstanding debts. I attribute this sudden increase to the fact that debt settlement sales organizations have recently flocked to LHDR in hopes that they will be able to continue charging front loaded fees to consumers and...
Read MoreDebt Free Associates enrolls consumer on Disability-She would like her Money Back
Debt Free Associates Sharon scheduled a consultation with me a few days ago to discuss her financial situation. Back in February, she had enrolled into Debt Free Associates (DFA), a front end debt settlement company out of Oklahoma. Seven months after enrolling with Debt Free Associates under the promise that she just needed to pay $300 per month for the next 4 years, and they would resolve...
Read MoreShred your Credit Card-Make a Video, Enter to win $1,000
On Friday I got wind of a contest at ShredYourCreditCard.com being offered by Lending Club and PerkStreet Financial. They are asking consumers to shred a credit card in an interesting or creative way and capture a video of the dirty deed. They are offering a $1,000 first prize to the submitted video which captures the most votes from now until Jan 31st, 2011. In addition to the grand prize,...
Read MoreDebt Free League – Hide Your Wallet, Marketers say the Darnedest Things
Debt Free League issued a press release today and one line jumped right out and grabbed my attention. The press release was about how the economy in California was in the toilet and Debt Free League was riding to the rescue by telling consumers who the best debt relief providers were. However, there is only one line that you need to read to know exactly what these guys are doing, and why...
Read MoreYou Might Be a Loopholer if…
If anyone ever doubted that desperation breeds creativity, all one has to do is look at the creative, right brained thinking going on in the debt settlement industry. Today is October 27th, 2010 and it marks the beginning of the end for most debt settlement companies as their ponzi scheme business models have now been regulated away. However, not all of them are content to slink away silently...
Read MoreFocker Out! – Is John Ansbach still with USOBA?
Today marks the day that Debt Settlement companies can no longer charge fees upfront before they actually settle a debt for their clients. As I was reflecting back on the last few months leading up to this change, my thoughts turned to John Ansbach who represented The United States Organization for Bankruptcy Alternatives (USOBA) and sort of became the face of the movement against the upfront...
Read MoreFreedom Debt Relief Reviews. Did they Mislead the FTC?
Freedom Debt Relief Reviews On Friday October 22, 2010, Freedom Debt Relief (FDR) issued a press release touting their new “Fresh Start” program that they will be rolling out on October 27, 2010 in conjunction with the new FTC rule barring debt settlement companies from charging the thousands of dollars upfront that Freedom and most other debt settlement companies had been doing up...
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