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The State of the Debt Settlement Industry 28 Jan 2011 | 09:59 am
It has been quite a while since we’ve made a post and a lot has happened in the settlement industry since the FTC changes took effect 3 months ago. Most of the smaller debt settlement companies have s...
FTC enacts new regulations for Debt Relief Industry 31 Jul 2010 | 05:37 am
Yesterday (June 29, 2010), the Federal Trade Commission (FTC) made a HUGE announcement on new rules that govern the Debt Relief industry. These rules will greatly affect the debt settlement industry’s...
Silver Leaf Debt Solutions 28 Jul 2010 | 03:34 am
REVIEW UPDATED 01/27/2011 Silverleaf Debt Solutions has updated their business model to meet the new FTC standards. They are now charging a flat 15% of the settled debt amount. ORIGINAL REVIEW START...
Noteworld BBB Accreditation Revoked 20 Jul 2010 | 06:25 am
On the heels of our post about problems at the Rocky Mountain Bank and Trust, we have now heard that Noteworld, another key player in the debt settlement industry, has had its accreditation stripped b...
Credit Solutions Featured on the Today Show 8 Jul 2010 | 01:27 pm
The Today show did an investigative piece on debt settlement companies, specifically Credit Solutions. The video is about 7 minutes long and follows a family who signed up for Credit Solutions program...
Rocky Mountain Bank and Trust FDIC Problems 23 Jun 2010 | 08:26 am
The Federal Deposit Insurance Corporation (FDIC) has issued a cease and desist to the Rocky Mountain Bank and Trust for “unsafe or unsound banking practices”. As you may know from reading this site, a...
Department of Consumer Debt Scam 22 Jun 2010 | 02:47 am
A new scam to con consumers has hit the market. A lead generation company called Legal Helpers Debt Resolution is mailing out forms which appear to be from the IRS or another government agency (see pi...
Debt Settlement USA complaint featured on MSNBC 27 May 2010 | 12:57 am
Debt Settlement USA is receiving some very bad press as MSNBC has picked up the story of one of their former clients. Gary Kopycinski is a Catholic high school teacher who signed up with Debt Settleme...
GHS Solutions Class Action Lawsuit 14 May 2010 | 07:33 am
Building upon the post from a couple days ago about the GHS Solutions scam, there is now a class action lawsuit in Kentucky against GHS Solutions. The suit, headed by Brett and Linda Davis, alleges th...
National Debt Relief Program Scam 12 May 2010 | 03:22 am
If you have received a letter from the National Debt Relief Program, similar to the one above, please read this post. Although the letter appears to come from a government agency, it is actually just ...
