Tag Archives: Abusive

Debt Totally free League Warns Shoppers About Abusive Debt Settlement Organizations

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San Diego, CA (PRWEB) July 9, 2009

A wealth of on the web debt assist education warns buyers about bankruptcy, and dubious customer credit counseling. But, little is identified about abusive debt settlement organizations – something Debt Free of charge League wants to adjust.

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The debt settlement firm negotiates agreements with creditors for a lowered payoff of a consumer’s unsecured debt. The settlement examples at DebtFreeLeague.com illustrate a lot of the proof.

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Nevertheless, Debt Totally free League cautions that the debt settlement business has been targeted by inexperienced and unethical organizations.

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“It’s scary to see loan modification businesses providing debt settlement services. The biggest threat is organizations charging exorbitant fees at a time Americans are financially vulnerable”, states G. Hernandez, Operations Director of Debt Totally free League.

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Not too long ago, the Illinois Lawyer Common filed a lawsuit on Debt Relief USA alleging the debt settlement organization charged an upfront fee of up to 10% of the consumer’s debt, and upon settling 1 of the consumer’s accounts, charged a settlement fee of 13% on the amount saved. The firm also failed to decrease consumers’ debts as promised.

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Hernandez warns, “Legally, no 1 can guarantee to decrease a debt for a particular quantity.

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An other issue is the low-balling practice that has dug debtors deeper in the hole. Some companies withhold the truth that enrolled debts will have balance increases due to the continued accrual of interest and costs.

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Nonetheless, Hernandez contends that his ethical organization is one particular of the great guys assisting shoppers and modest organization owners obtain vital debt relief.

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About Debt Totally free League:&#13

Debt Totally free League gives a debt settlement program that assists shoppers and small business owners resolve financial hardships by negotiating settlements on personal, healthcare, and enterprise debts. Totally free phone consultations are offered by calling (800) 213-9968.

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Legal Helpers Debt Resolution Defends Consumers against Abusive Creditor Practices

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Chicago, IL (PRWEB) August 05, 2011

Legal Helpers Debt Resolution, LLC, (LHDR) is defending itself and its customers against what they contact abusive credit practices, outrageous interest rates, and the political pressure exerted by the banks and credit card businesses on Illinois politicians. LHDR is standing up against Chicago-Style Politics to protect its clients.

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LHDR is aggressively difficult an administrative order from the Illinois Department of Monetary and Expert Regulation. The law firms senior partners, Thomas G. Macey and Jeffrey J. Aleman, both licensed Illinois attorneys, defend their law firm stating that the Division has its details totally wrong and is motivated by stress from the banks who are upset because LHDR has taken them to process for their abusive practices against innocent Illinois consumers.

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We are a law firm, the initial truly national consumer law firm in the country, mentioned Jason Searns, Managing Lawyer. Our customers need to have alternative debt resolution options, such as financial workouts with their creditors due to the fact they cant afford usurious interest prices and to be kept awake all night with harassing telephone calls from the credit card companies and banks. If the Illinois politicians want to side with the banks and help them in this harassment, then so be it, but we have a duty to defend our clientele- anything the politicians are not undertaking.

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The Department, along with the attorney generals office, just like Illinois consumers, have fallen victim to the will of the banks and as an alternative of defending customers from the banks ruthless practices, are searching for political favors from the banks by attacking these who safeguard customers and challenge their vicious practices. Said Jason Searns, Managing Attorney.

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LHDRs mission is to supply ethical, cost-successful legal solutions to buyers across America, guarding them from abusive creditor practices. LHDR is a consumer advocacy law firm that protects its clients rights and negotiates burdensome debts. If a client is sued, just like any other law firm, LHDR represents them in court and litigates or settles the case in favor of its client. We dont ever see the Department or the Lawyer Basic standing up for Illinois residents against the abusive banks, and we feel a wonderful ethical obligation to do so. We wish the politicians would, but that job has fallen to us to do within the confines of what lawyers are allowed to do for their clients. said Searns.

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Searns explained that while banks prefer customers repay some of their debt rather than discharging it completely in a Chapter 7 bankruptcy, they do not want buyers who can afford full repayment to attempt to repay only a portion of what is owed. In fact, banks successfully restricted the availability of debt resolution solutions for buyers in some states, but legitimately indebted consumers can nonetheless seek mutually advantageous debt perform-outs with the assist of LHDR.

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LHDR is composed of lawyer partners in every state who are in very good standing with state bars and ready to provide whatever services their clientele need to have.

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About Legal Helpers Debt Resolution, LLC&#13

Legal Helpers Debt Resolution, primarily based in Chicago, is a national law firm with offices in 50 states. By way of their offices and the offices of associated firms they offer you their consumers a full spectrum of debt relief alternatives, which includes debt resolution, bankruptcy, debt management, tax settlement, foreclosure defense and mortgage loan modification. For a lot more details call (866) 751-5004.

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Case #: 10CC311&#13

Citations:&#13

(Debt Harassment is #1 on List of Customer Complaints, creditlaw.com, three/3/11)&#13

(Ending Credit Card Abuses, uspirg.org, 5/three/09)&#13

(Madigan, Lisa, followthemoney.org)&#13

(Illinois Constitution, ilga.gov)&#13

(Did Chase pull a credit card bait and switch?, MSNBC, four/eight/09)&#13

(Sleazy new debt collection practices, MSN Money, 8/7/06)

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