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 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 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 MoreExcuse Me – I’m Calling Bullshit
After months of debate, mostly with myself, I have decided to start a new series on my blog entitled “Excuse me, I’m calling Bullshit!” Professional? Not really. Effective? I really hope so. Every day I sit at my desk and read mountains of articles, press releases, ads, websites, all designed to target cash strapped, emotionally drained consumers just looking for honest help...
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...
Read MorePresident of New Era Debt Solutions Attacks Me, It’s Just Par for the Course
UPDATE – 1/26/2011 – This article was written almost a year ago. Since that time New Era Debt Solutions, along with the entire Debt settlement industry has gone through many changes. Please read the update article to get the most current information on New Era Debt Solutions. Also note that Dan Smith, Alex Viecco and myself have talked and discovered that we initially both made some...
Read MoreLegacy Debt Solutions vs Credit Solutions – Who Can Bankrupt a Client Faster?
Hiring a debt settlement company using a front loaded fee model endorsed by TASC and USOBA is more likely to lead a consumer to Bankruptcy then to a successfully completed settlement program. There are various reasons why this is unfortunately true, but one of the most obvious to me is that debt settlement salespeople for the most part, always recommend debt settlement, regardless of whether or...
Read MoreDebt Settlement Company Attacks Me for Exposing Their Deception
I feel so honored that I have my first official “we hate you review” from a debt settlement company. It is no secret that I am disliked by debt settlement programs that are out there ripping off and deceiving consumers for profit. When they resort to attacking me personally I know I am really striking a nerve and they are feeling very threatened. Since they cannot attack my factual...
Read MoreDebt Relief USA files Bankruptcy – Clients get Burned
Unfortunately this is going to be an all too common headline in the coming months. With Debt Settlement companies ripping off consumers at an alarming rate, the FTC and state regulatory bodies are taking notice and stepping up enforcement. Debt Relief USA recently filed for bankruptcy citing several investigations by state attorney generals and federal authorities as the reason for closing...
Read MoreDebt Settlement USA – A Not So Glowing Review
Debt Settlement USA I was recently on a consultation with a consumer and she asked me to review a contract that she received from Debt Settlement USA. She had enrolled into their program a few months ago and now she was starting to get the feeling that they were much more interested in collecting their fees from her than they were in helping her settle her debts. After 5 months in their...
Read MoreDebt Settlement – FTC could put 84% of Companies out of Business!
Currently the FTC is considering a proposal to Ban the large upfront fees that most debt settlement companies charge. USOBA – The United States Organization for Bankruptcy Alternatives, recently submitted testimony to the FTC that such a ban could put up to 84% of their member debt settlement companies out of business. USOBA is a trade association for the Debt Negotiation Industry....
Read MoreCredit Solutions of America – Sued by Florida Attorney General
Credit Solutions of America is another of a long line of Debt Settlement companies currently in hot water with State Attorney Generals throughout the Country for unfair and deceptive business practices. As is almost always the case, the unfair and deceptive practice stems form the structure and the amount of fees charged to consumers upfront. In the case of Credit Solutions of America, after 17...
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