Two Years After Addison-Based Debt Relief USA Went Bankrupt, the Feds Take an Interest

• Under normal circumstances the whole process, start to clean up your debt, it is better to get professional advice. Thanks for sharing.

• I believe that filing for bankruptcy would be a much better and safer idea rather than going for a debt settlement or a debt consolidation program if one is going through a hard financial time. Though a debt settlement or a debt consolidation program is not a bad idea to get rid of your debt but it may be only helpful for those who have better financial condition compared to the others. And filing for bankruptcy is quite risk free too.

• What these scams usually do is fold up BEFORE things get hot, go to another location and start the same <a href+"http://credit-card-debt-relief-4u.com">credit card debt relief</a> scam all over again.

• I think they have all become Life Coaches

• Sir! You will be hearing from my solicitor on the charges of misappropriation of snark, copy cat right violations, and just because, . . .

• Relieved, I worked with a not-for-profit debt relief service when I ignorantly overextended myself during and directly after college.  They did indeed work with my creditors to lower or suspend my interest rates, and eliminate late or overlimit fees.  They debt relief company allowed me to pay one monthly payment to them, and they in turn paid my creditors.  Within a few years, I was debt-free, and very happy to have worked with them.  So while you may not have had the best experience, it is possible to find debt relief companies that can legitimately help you get back on track, without the need to file for bankruptcy.

• More often than not, these companies are started by former mortgage guys who personafied the stereotypical lower-tier scum of that industry.   That well dried up, and every one of them who I knew from that era got into this industry. To quote David Faber:  "This is truly bottom-feeder stuff."

• This couldn't happen to a nicer bunch of people!   One can only wonder why it took so long for any Federal agency to do anything about this.  Maybe government isn't as big and over-staffed as some would lead us to believe. 

• When are they going to hold the radio and television stations accountable too?  When they accept these ads which everyone knows are scams they are just as guilty in my mind.  Same goes for on-air talent who endorse these products and services.

• What, you mean this? http://www.dallasfed.org/news/speeches/fisher/2011/fs110817.cfm Sure.

• Fisher  at the Dallas Federal Reserve released specific numbers on Texas economic growth. I wonder if this will ever get mention in the Observer other than in this-a-here comment.

• Couldn't they sue all debt relief companies then? None of them actually relieve you of anything. Chapter 7 bankruptcy is your only relief if you have credit card bills you can no longer negotiate with the card companies yourself or can not pay at all. I am living proof of it.

• Three years ago who was running the FTC? Hint: first letter is "W". It probably took the Obama FTC 18 months just to perform a investigation before they could file. Remember these were the same people that at the SEC ignored written letters documenting Madoff's ponzi scheme for years. It's called the GOP "business friendly" low reg environment.

• Three years after they went out of business,  three years after everybody scattered,  the FTC makes much that they've filed a CIVIL action.  Civil action means,  you have to promise you won't do it again,  the FTC will get a judgment you have to pay something back.  Those 'pay something back' are the federal version of Dallas County bail bonds.  Cold day in Hell.   If I was them,  I'd be ashamed to let somebody know I was this inept.

• Another Texas Business Miracle Success Story!

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