The television commercial claimed they had relationships with car lenders and could cut your payments through loan modification. While I knew the claims were unlikely to be true, I still had to investigate those claims. What I found were patterns of deceptive advertising and outright fraud. 
Credit and Debt Blog
A Service of Debtors Unite, Inc.
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17
Jul 2010
Car Loan Modification is the Next Big Scam
(Rolf from Florida) Today I signed a debt settlement agreement on the internet, THEN read about the pitfalls. How can I get out of the agreement before any payments are autmatically withdrawn?
(Tomi from Texas) I have paid off all creditors, original and collection agencies, based on info on all 3 credit bureaus. Will the 7 year time limit start all over again now that I have paid in full all my bad debt?
22
Mar 2010
Sued By Creditor While on Debt Settlement Plan
(Isma from Texas) last year i entered an agreement with ghs solutions. i am being sued by citi bank. i have come up with the money that citi bank will settle with. How do i go about doing away with ghs solutions and if i do that will i lose the money that has already been in the account which is 660.00.
18
Mar 2010
Who Provides Settlement Loans?
(George from Indiana) Do most banks and credit unions front negotiated settlement pay offs with a substantial down payment or are they not looking to attract this kind of business? In other words are the ones that will do a settlement loan hard to find?
10
Mar 2010
Bank of America Ceases Debit Card Overdrafts
If you have ever been charged $35 for the privilege of spending 3 bucks that you don’t have, you understand how frustrating overdraft fees can be. This fall, these fees will be illegal if you haven’t opted in. One bank has decided to set the trend by voluntarily ceasing overdraft fees in advance of the new rules.
26
Feb 2010
Allegro Seized by Alabama Attorney General
Allegro Law LLC and Allegro Financial Services LLC have been shut down permanently as a result of a lawsuit filed by the Alabama Attorney General seven months prior. According to the office of Troy King, Allegro is one of the “largest debt settlement schemes in the country.”
12
Jan 2010
Minnesota Stands Up to Debt Settlement Companies
Minnesota residents can count themselves among the first in the nation to have new protections against the rogue debt settlement industry. A new law that went into effect August 1, 2009 has blocked the upfront fee model favored by debt settlement companies.
(Michael from Texas) How can I see my credit report if I do not have a credit card?
23
Sep 2009
What is the Best Debt Settlement Company?
The struggling economy has made debt settlement is a booming industry. According to New York Attorney General, it is a rogue industry. If you are bound and determine to utilize one of those services, how do you know which debt settlement company is the best?
