Credit Answers canned by TASC-Runs to USOBA-We Need some Stinking Badges!

USOBA Deception

Credibility – The quality of being believed or trusted. How does a debt settlement company acheive credibility among consumers?  It seems to me that there are two ways.  Option number 1 is to be honest, provide a great service for a fair fee, put the needs of your client above the needs of your own and over time you will naturally build credibility as the number of satisfied clients grow and word gets out. Option number 2 is to purchase […] Read more »

Credit Answers Runs Misleading Ad, TASC Does Nothing – Big Surprise

Debt Settlement Ad

I was watching TV last Friday and a commercial from Credit Answers comes on and asks me “if I know if I qualify for the credit card bailout program.”  Well I am usually pretty much up to speed on the programs available to help consumers in debt, but I certainly haven’t heard of a credit card bailout program. Of course, there is no such thing as a credit card bailout program. In my opinion, Credit Answers is just running a misleading ad, […] Read more »

Debt Settlement – 15 Companies under Investigation in New York

Debt Settlement Companies Investigated

More and more states are cracking down on unscrupulous Debt Settlement firms that charge consumers hefty fees before performing a service.  Calling debt settlement “a rogue industry” that gives strapped consumers false hopes while socking them with high fees, New York State’s attorney general, Andrew Cuomo, has announced an investigation involving numerous companies in the field. Cuomo has recently issued Subpoenas and launched investigations into 15 Debt Settlement companies. The complaints where initiated mainly because of consumer complaints that Cuomo […] Read more »