How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off
Here is a guide to help try to avoid being cheated or scammed by a business or company and check out or evaluate a company for free before you decide to pay them money for services. Over the years a common theme has emerged where people feel they are scammed by a company or taken advantage of and it appears they have not checked them out before giving up their hard earned money for services....
Read MoreDebt Settlement Pros and Cons
Debt Settlement Pros and Cons. This article may be a bit satirical and exaggerated, but any consumer that has found themselves in the unfortunate situation to have to get some straight answers about the different debt relief options available can certainly appreciate how this article closely mimics reality. Ask a Credit Counselor and a Debt Settlement Representative about the pros and cons of...
Read MoreTaxes on Debt Settlement
Why must I pay Taxes on Debt Settlement? The concept, although quite simple, can actually be very confusing for consumers, especially because of false information offered by some debt relief sales people. The bottom line: Unless exempted by the insolvency rules or another exemption, you will owe taxes on debt that has been forgiven by a creditor. In this article I assume that none of the...
Read MoreLegal Helpers Debt Resolution Review – Secret Business Plan Exposed
Legal Helpers Debt Resolution Review After listening to and reading about countless stories from unhappy former clients of Legal Helpers Debt Resolution, reviewing their contract myself, and observing the process they put their clients through, I have formed a personal opinion about the business model of Legal Helpers Debt Resolution and in past articles I have not been shy about my...
Read MoreCredit Collections Defense Network Gets Spanked by West Virginia AG’s Office
Credit Collections Defense Network Recently, West Virginia Attorney General Darrell McGraw, won a victory for consumers against Credit Collections Defense Network (CCDN). The judgment was granted against CCDN, Robert Lock Jr. and Phillip Manger and bars them from doing business in the state. In addition to the permanent injunction, the court also imposed a $130,000 civil penalty against each...
Read MoreLegal Helpers Debt Resolution Sued in 30 Page Complaint Filed by Illinois AG
Legal Helpers It is nice to see regulators on several fronts stepping up the pressure on Legal Helpers and taking action against programs that I have been warning consumers about for quite a long time. Click the video player to listen to the news story and hear some of the allegations of the Illinois Attorney General. Among other things, it is alleged that… 1. Legal Helpers...
Read MorePreferred Financial Services Makes Dumb Move by Publishing Dumb List
Preferred Financial Services “The 5 dumbest things you can do if you have too much debt,” says the headline. Naturally, I want to know what someone thinks the 5 dumbest things are, so I click. Here is what I see… 1. Paying only the minimum payment on your debt, as this will result in the amount you owe actually growing, and your problems will only become worse. 2. Relying...
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 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...
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