Legal 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 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 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 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 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 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...
Read MoreCredit Solutions of America Sued in Vermont, Sensing a Pattern?
The news just can’t seem to get better for Credit Solutions of America. It seems like every time I turn around they are getting sued by another state. This time it is the Vermont Attorney General, William H. Sorrell, filing suit against Credit Solutions. Perhaps he didn’t get the TASC and USOBA memo that high upfront fee debt settlement companies are somehow good for consumers. Or...
Read MoreWill Credit Solutions send a Cease and Desist letter to the Today Show as well?
A few months ago I received a Cease and Desist letter from Credit Solutions of America for what they claimed were false and misleading statements I had written about them on my website. You can see their letter and my response to it here. Credit Solutions of America sends me a Cease and Desist Letter Today I saw a very damaging piece of investigative reporting done by the Today Show regarding...
Read MoreMass Exodus in Debt Settlement Industry, Take Heed or BE TRAMPLED
If you only have the time to read one of my articles pertaining to debt settlement, then you must read this one if you are considering hiring a debt settlement company. I believe that we are about to witness a mass exodus of debt settlement companies closing their doors and leaving their existing clients in very bad financial shape. I have been warning consumers for years that these companies...
Read MoreCredit Solutions of America sends me a Cease and Desist Letter
Credit Solutions of America I recently received an email from Credit Solutions of America which contained a Cease and Desist letter. I was actually surprised because I had never even done an actual review of Credit Solutions. However, they obviously felt that I was doing something that they didn’t like and wanted me to stop. The following is a copy of the Cease and Desist letter along...
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