(630) 378-2200
Mon - Fri 8:00am - 5:00pm
Request a Case Evaluation


The Federal Trade Commission on Monday shut down National Consumer Council Inc., citing “misrepresentations and omissions” by the Santa Ana nonprofit credit-repair firm and its for-profit affiliates.

A notice on the locked door at National Consumer’s Deere Street office
said a federal judge had appointed a financial guardian to take over the firm and affiliates London Financial Group, National Consumer Debt Council, Solidium, J.P. Landis and Financial Rescue Services Inc.

The notice said the FTC, in an April 23 lawsuit, “alleged that the companies violated the FTC Act by misrepresentations and omissions and violated other regulations and laws.” The notice also said the state Department of Corporations, which regulates financial companies, had issued a desist-and-refrain order against National Consumer.

Better Business Bureau of the Southland President Bill Mitchell called National Consumer the largest and most egregious of deceptive debt-relief operations. He said the company collected high upfront fees but often left clients worse off than they started, sometimes in bankruptcy protection — a statement disputed by a National Consumer spokeswoman.

SOURCE: Los Angeles Times

For the complete article click on HEADLINES below.


The credit counseling industry has grown dramatically in recent years, as Americans increasingly file for personal bankruptcy. According to a Congressional report, 1.66 million individuals filed for bankruptcy in 2003, with many of the filers seeking debt management help from nonprofit credit counseling agencies.

There are approximately 1,000 active tax-exempt credit counseling agencies in the United States the majority of which have had their tax-exempt status recognized within the past four years. According to the Washington Post, an estimated 9 million Americans seek credit counseling advice annually and “industry officials estimate that 2 million consumers are on active credit repair programs at any one time.”

SOURCE: Hoovers.com

34 Responses
  1. 6sec

    Hey, you have a great blog here! I’m definitely going to bookmark you!
    I have a credit card debt relief site. It pretty much covers credit card debt relief related stuff.

    Come and check it out if you get time 🙂

  2. business

    Hey, you have a great blog here! I’m definitely going to bookmark you!
    I have a debt consolidation lead

    site/blog. It pretty much covers debt consolidation lead

    related stuff.

    Come and check it out if you get time 🙂

  3. Anonymous

    Great site folks, been looking for this kind of information. I have a related free credit repair site also. You may want to take a look some time. free credit repair I’ll definitely be back.

  4. Anonymous

    I like your blog – good info. If you don’t mind, I’m going to bookmark and link to it. I have a simple credit free online report website with credit free online report related stuff. Check it out!

  5. Anonymous

    Nice site i came here searching for online affiliate program and was looking for other people who are interested in online affiliate program
    You might be interested in online affiliate program

  6. Anonymous

    Hey came across your site looking for other poker affiliate program related sites, and yours came up. Not bad ranking for the terms “poker affiliate program” anyway i invite you all since im here to join my new forum! Start posting today! Makecash.org

  7. Anonymous

    abc affiliate is great

    i found here searching for the word abc affiliate and your site was listed high on the word abc affiliate

    abc affiliate

  8. Anonymous

    Hey i got here searching for how to make extra cash online
    Your sites not too bad!

    You got good rankings for them keywords how to make extra cash online

    Check out my site
    how to make extra cash online

  9. Funclub

    This blogstuff is great just looking around yours I have one too free debt consolidation quote I have a website dedicated to gettin people out of debt all free info free debt consolidation quote

  10. Natwho

    http://www.nwcleasing.com offers the lowest rate financing on Debt Consolidation What ever your financial situation, Debt Consolidation can help. We even have a special loan program that can put money in your pocket within 1 hour of applying. Apply online today and see just how quickly we can get you approved regardless of your past credit. Rates start as low as 4%, apply today.

  11. Sholly

    Found your Blog by chance – Great Stuff.

    If anything relating to credit and debt counseling interests you, please drop by at credit and debt counseling.

    You’ll find some good information.

  12. blaze

    I found your site on bad credit quite useful. I also have a site about bad credit that you may find useful also. Please feel free to check it out and let me know what you think

  13. Charlie

    Do think you could get a banker’s desire to force money into your laps?

    abn amro mortgage enligtens about abn amro mortgage

  14. Anonymous

    debt consolidation home equity loan Get out of debt Now! Stop paying high interest rates! debt consolidation home equity loan

  15. Cybernetics Core

    Have an Unstoppable Determination
    by: atlanta debt consolidation loan

    You need to have determination. With good
    intentions, there may be a close friend or
    family member that feels it would be better
    if you focused your attention in another
    direction. Uphold your unstoppable attitude,
    determined to succeed.

    atlanta debt consolidation loan

  16. Zerg Hydralisk

    Learn from the past
    by: canada debt consolidation loan

    Everyone has failures or mistakes
    from the past. To have success,
    you need to learn from your past
    and value those difficult lessons
    but do not every dwell on the past.

    Simply move forward and make better,
    more educated decisions from the
    lessons learned.

    canada debt consolidation loan

  17. blaze

    Great site. I am very interested in consumer credit report and have also tried to set up an informative site about consumer credit report please feel free to check it out and make any suggestions.

  18. Anonymous

    You have an interesting blog here. Some of the things people put are kind of strange. Another cool site is a site that is about credit fix repair stuff.

    Anyway, I like your blog and will proably be back.

  19. Anonymous

    Debt consolidation can get you out of debt forever! Debt Consolidation You can also work at home or credit repair and you can still consolidate debt consolidation and you will also like work at home

  20. Anonymous

    I just noticed your blog about credit deductible equity home line tax and wanted you to know how well you presented the information. Excellent job! I have a website about credit deductible equity home line tax so I know what I’m talking about when I say your information is top-notch. Keep up the great work – you’re providing a real service to the Internet community.

  21. Anonymous

    Debt consolidation can get you out of debt forever! Debt Consolidation You can also work at home or credit repair and you can still consolidate debt consolidation and you will also like work at home

  22. Anonymous

    Great blog with some useful info on georgia home equity loan. I have a georgia home equity loan themed site you and your visitors might find interesting. I’d love for you to check it out.

  23. EQ

    The U.S. Government is the nation’s largest provider of financial assistance to women & minority owned small businesses. The U.S. Small Business Administration (SBA) is Congressionally mandated to assist the nation”s small businesses in meeting their financing needs. The SBA has small business loan programs and services to meet most small business needs. More information on U.S. Government Small Business Loans can be found at **www.SBASmallBusinessLoans.com**

    How do Government SBA Small Business Loans work?

    When a small business owner applies to a lending institution for a business loan, the lender reviews the application and decides if it merits a busiuness loan or if it requires an SBA guaranty. SBA backing on the business loan is then requested by the lender. In guaranteeing the business loan, the SBA assures the lender that, in the event the borrower does not repay the loan, the government will reimburse the lender for its loss. By providing this guaranty, the Small Business Administration helps tens of thousands of small business owners get financing they would not otherwise obtain.

    How much money can I borrow?

    Here are a few examples of what you can get from SBA small business loans programs:
    7(a) Loan Guaranty Program

    The 7(a) Loan Guaranty Program is the SBA’s primary small business loan program. A maximum loan amount of $2 million has been established for 7(a) business loans.

    Low Documentation Loan (SBALowDoc)

    SBALowDoc is the SBA”s quick and easy program that provides a guaranty on small business loans of $150,000 or less. Once you have met your lender”s requirements for credit, the lender may request an SBALowDoc guaranty for up to 85 percent of the loan amount. You complete the front of a one-page SBA application, and the lender completes the back. At SBALowDoc centers, the agency processes completed applications within 36 hours.


    This method makes it easier and faster for lenders to provide small business loans of $250,000 or less. The SBA provides a rapid response through its PLP processing center in Sacramento, Calif.— within 36 hours of receiving the complete application package. Lenders use their own procedures to approve and service the loans.


    The CommunityExpress pilot program is designed to spur economic development and job creation in untapped rural and inner city communities by providing loans and technical assistance. Loan proceeds may be used for most business purposes, including start-up, expansion, equipment purchases, working capital, inventory or real-estate acquisitions.

    To be eligible for CommunityExpress, current or prospective small businesses must be located in low- and moderate-income urban and rural areas.

    While CommunityExpress is similar to SBAExpress, here are some differences:
    • CommunityExpress focuses on predesignated geographic areas that primarily low- and moderate-income urban and rural areas.

    • The maximum loan amount under CommunityExpress is $250,000.

    • CommunityExpress lenders, together with the National Community Reinvestment Coalition, provide hands-on technical training and support, both before and after loan closings, through community-based, nonprofit NCRC member organizations.

    7(m) Microloan Program

    The SBA”s Microloan Program provides very small loans up to $35,000 to small businesses and not-for-profit child-care centers through a network of locally based intermediary lenders. In addition to making the loans, the intermediaries provide management and technical assistance to microborrowers and potential microborrowers.

    What can I use the loan proceeds for?

    You can use an SBA small business loan to:
    • expand or renovate facilities;
    • purchase machinery, equipment, fixtures and leasehold improvements;
    • finance receivables and augment working capital;
    • refinance existing debt (with compelling reason);
    • finance seasonal lines of credit;
    • construct commercial buildings; and/or
    • purchase land or buildings.

    How do I repay the loan?

    The length of time for repayment depends on the use of the loan proceeds and the ability of your small business to repay the loan.The term is usually 5 to 10 years for working capital, and up to 25 years for fixed assets such as the purchase or major renovation of real estate or purchase of equipment. There are no balloon payments, prepayment penalties, application fees or points permitted with these small business loans. Repayment plans may be tailored to each individual small business.

    How do I get started?

    You submit a business loan application to a lender for initial review. If the lender approves the business loan subject to an SBA guaranty, a copy of the loan application and a credit analysis are forwarded by the lender to the nearest SBA office. After SBA approval, the lending institution closes the business loan and disburses the funds; you make monthly loan payments directly to the lender. As with any loan, you are responsible for repaying the full amount of the loan. Visit **www.SBASmallBusinessLoans.com** for more info.

  24. Bobby

    Nice Job!

    I have a dating affiliate program site/blog.
    It pretty much covers dating affiliate program related stuff.

    Check it out if you get time 🙂

  25. Anonymous

    Hey blogger do you know that you can make cash from your blog?

    Its so simple a child could do it!

    This goes for anyone reading this too.

    You can make up to $0.40 per visit with this nice affiliate program called Zangocash

    Its one of the best programs out there at the minute and can suit any blogger or webmaster!

    To sign up and start earning money right away!

    Just click this link below
    teen make money

    So why not start earning today!

  26. Anonymous


    I have some really good websites below that can help you with credit repair and legal law forms.

    You can also check out the news section at “Latest Legal Articles”

    Preparing legal documents has never been easier
    with our library of forms, agreements, and checklists. It is valuable to small and growing businesses and entrepreneurs.

    Have you ever needed a legal form but didn’t know where to get one? Have you ever wanted to cover yourself in a legal agreement or make sure that those you love are protected? FastLawForms.com is an easy to use online legal forms provider that can and will save you thousands of dollars of lawyer’s fees every year.


    Repair your own credit , Credit Repair is an ongoing matter for many consumers. Consumers have paid up to $500 or more to credit repair companies who follow this same process to remove their credit errors. Without credit you can’t get a car, travel, loan money, or even get mortgage.


    Have you been victimized by credit repair companies? Many companies promise or guarantee to clean up your credit report so you can get a car loan, a home mortgage, insurance, etc. In reality, they can’t deliver what they promise. You pay them hundreds dollars in fees and these companies do nothing to improve your credit. Many of them just disappear.

    Everything a credit repair companies can do for you, you can do for yourself at no cost. No one can do a better job in repairing your own credit as you can. You are the only one responsible to make sure your credit report is accurate. Our guide will help you every step of the way.


    If your application for credit is denied due to information supplied by a credit bureau, the company you applied to must be liable to provide you with that credit bureau’s contact information. Furthermore you are entitled to a free copy of your credit report if you’ve been denied credit within the last 60 days

    Disputing credit mistakes or outdated items is free. Just ask the credit reporting agency for a dispute form or submit your dispute in writing, attach any supporting documentation. Always send them a copy instead of the original

    http://www.creditrepair.fastlawforms.com Team


  27. blaze

    Great site very informative topics on credit and debt counseling.

    I have been working on a site about credit and debt counseling
    and would be very pleased if you would take a look and let me know what you think.

  28. Anonymous


    Finally, I have come to the right place. This is an excellent Blog site, which covers the topic almost similar to my site

    credit credit free repair report safecreditsecrets.com

    It pretty much covers credit credit free repair report safecreditsecrets.com related that you and your members may find interested.

    It would be appreciated if you kindly have a look at my site SoftwareFantasy.com and you are most welcome to send your comments at response@softwarefantasy.com

    To all fellow Internet Mareketer, please have a look at my site SoftwareFantasy.Com

    It is full of Fantasy Stuff you may want to have a try.

    You can get all these software for FREE, please visit at SoftwareGoldClub.Com

    To Your Success


Leave a Reply

Let us help you!

If you need any helps, please feel free to contact us. We will get back to you with 1 business day. Or if in hurry, just call us now.

Call : 630.378.2200

Request a Case Evaluation