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National Debt Relief Program Scam
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...
View ArticleGHS Solutions Class Action Lawsuit
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...
View ArticleDebt Settlement USA complaint featured on MSNBC
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...
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Department of Consumer Debt Scam
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...
View ArticleRocky Mountain Bank and Trust FDIC Problems
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...
View ArticleCredit Solutions Featured on the Today Show
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...
View ArticleNoteworld BBB Accreditation Revoked
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 by...
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Silver Leaf Debt Solutions
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 STARTS...
View ArticleFTC enacts new regulations for Debt Relief Industry
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...
View ArticleThe State of the Debt Settlement Industry
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...
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