Beware of Bad Debt Settlement Companies
BBB Warns Consumers Of Kansas Firm's Deceptive Debt Collection Tactics
A Kansas business criticized for questionable debt collection practices is the focus of 220 Better Business Bureau (BBB) complaints across the U.S., including more than two dozen from the St. Louis area. The BBB warns consumers to be extremely cautious when dealing with representatives of Regent Asset Management Solutions or Imperial Recovery Partners. Both have operated debt collection call centers in recent months out of the same address: 119th Street in Overland Park, Kan. Regent also had offices in Denver, Colo.
Complaints to BBB Against Debt Settlement Companies On the Rise
Better Business Bureau is warning financially troubled families to beware of misleading debt settlement companies that claim they can easily reduce or eliminate credit card debt. Since the start of the recession, BBB has received more than 3,500 complaints from individuals, including many who paid hundreds of dollars in upfront fees to debt settlement companies but only fell deeper into debt.
National Debt Consolidation Scheme Misleads Consumers About Costs, Benefits, and Nonprofit Status
A nationwide debt consolidation business violated federal law by misleading and illegally telemarketing millions of consumers, according to the Federal Trade Commission (FTC), which is seeking consumer redress in federal district court, a freeze of the operation's assets, and an end to its illegal practices. According to the FTC's complaint, a scheme that bills itself as 'America's Premier Debt Consolidation Company' is violating the FTC Act and the FTC's Telemarketing Sales Rule, led by a Florida attorney who is using a sham nonprofit company to violate telemarketing rules that exempt legitimate nonprofit entities.
OnGuardOnline.gov Urges Taxpayers to Contact the IRS If They Suspect Tax-Related Identity Theft
OnGuardOnline.gov is informing consumers that an unexpected message from the Internal Revenue Service (IRS) could be a warning sign that their Social Security number is being misused by an identity thief.