Foreclosures, Timothy Kingcade Posts

Fraudulent Debt Relief Companies Shut Down by Florida Attorney General

Attorney General Pam Bondi announced the filing of a stipulated consent judgment against Bobby R. Blackmon, Financial Help Services, Inc. and Nation Wide Consumer Debt Relief based on alleged unfair and deceptive business practices.

Blackmon’s two companies provided credit counsel management services to consumers in 48 states. Bondi presented stacks of consumer complaints stating the defendants withdrew consumers’ funds to pay creditors on a monthly basis, but did not pay the creditors within the 30 days as required by law. In some cases, the defendants did not pay the creditors at all.

Bondi and Blackmon reached an agreement that shuts down the two businesses and bans them from engaging in any consumer debt-related services. It will also cost the defendants at least one million dollars, including $600,000 in full consumer restitution. The remainder of the $7 million judgment will be suspended. However, if any of the material terms contained in the judgment are violated, the full $7 million judgment will be reinstated.

Attorney General Lisa Madigan filed a similar lawsuit in Illinois in December, suing a company called Carrey Services, Inc. and its President, Reynaldo Rojas. The “mortgage rescue” company allegedly charged struggling homeowners $20,000 in upfront fees for mortgage relief. Ultimately, the company provided little, if any, assistance to keep consumers in their homes. Madigan’s suit is seeking to shut down the business and obtain restitution for consumers.

Click here to read more on this story.

Choosing the right attorney can make the difference between whether or not you can keep your home. A well-qualified Miami foreclosure defense attorney will not only help you keep your home, but they will be able to negotiate a loan that has payments you can afford. Miami foreclosure defense attorney Timothy Kingcade has helped many facing foreclosure alleviate their stress by letting them stay in their homes for at least another year, allowing them to re-organize their lives. If you have any questions on the topic of foreclosure please feel free to contact me at (305) 285-9100. You can also find useful consumer information on the Kingcade & Garcia website at