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Child Support Advocate/Author/Speaker to Give Local Workshops on Enforcing Collections While Repairing Families

Angel Eyes Publishing is hosting child support workshops starting June through August to bring awareness to Child Support Awareness Month, which is August.

Smyrna, GA, May 21, 2009 — Despite facing more stringent laws and penalties for noncustodial parents found avoiding child support payments, the issue is becoming more critical, as more parents purposefully avoid making payments, leaving more than $100 billion owed in uncollected child support payments throughout the nation. This situation is negatively impacting millions of families and communities across the country and the federal, state and local government is determinedly seeking ways to put an end to the irresponsibility and familial chaos resulting from this.

“Legislators are paying closer attention to this issue than ever before and one way to assist with this, is by sharing crucial information about the intricacies of fairly maneuvering through the whole process for both noncustodial and custodial parents, but keeping the welfare of the children the critical concern. That’s what my book does,” says Dawnette Lounds-Culp, a child support advocate and expert, and single mother who spent years researching and documenting information for the child support manual she authored and released last year, called, “The Face of Child Support.” (Angel Eyes Publishing).

Lounds-Culp, will conduct child support workshops in June, July and August in Smyrna, GA, Atlanta, GA. and Decatur, GA The June workshop will be held Wednesday, June 17 at the Smyrna Community Center from 7:00 PM to 8:30 PM located at 200 Village Green Circle, Smyrna, GA 30080.

The workshops will cover major topics including the “Four Key Steps to Managing the Child Support Process”, “Addressing Emotional Aspects of Child Support” and the “Need to Rebuild Friendship Between Parents for Children’s Sake.” Participants attending any workshop starting in June to the end of August will have the chance of winning $10,000 by purchasing a raffle ticket for $25. This is Angel Eyes Publishing stimulus plan for a deserving family.

“Many parents both custodial and noncustodial– are emotionally affected by the issue of child support,” said Lounds-Culp. “Noncustodial parents are resentful that they are being ordered to pay support by the court system and custodial parents are bitter because the noncustodial parent will not pay—this causes deep division between the parents, which unfortunately negatively impacts the children’s social and even mental development.”

According to Lounds-Culp’s extensive research, there are over 16 million families of all cultures in the United States who rely on the child support system and she estimates that there are just as many families, if not more, who have not applied for child support.

“This is critical because if the parents don’t apply for child support and have documented record of doing so, they deny the opportunity to possibly collect in the future, which many parents can still do and don’t realize it” said Lounds-Culp. “I am hoping that the information shared in my book, will help to lessen the pain experienced in families, drastically decrease the numbers of non-supportive parents trying to avoid the system and relieve familial dependence on the government for assistance.”

In addition to the book, Lounds-Culp has also developed a weekly national tele-coaching program also called “The Face of Child Support” that provides one-on-one counseling and up-to-date information about the child support process. Child support experts, psychologists and advocates are invited to participate and parents going through the process are encouraged to call-in with any questions.

“There are a number of personal testimonies shared in “The Face of Child Support,” book from both men and women, custodial and noncustodial parents, in addition to an account of my own experience with the issue,” said Lounds-Culp. “My ultimate goal in compiling this information, however, is to protect the children, help everyone to productively move on with their lives and to not portray either parent in a negative light.”

For more information contact Lounds & Associates at 404/423-5476.

“The Face of Child Support” ($16.95) is available at Barnes & Nobles and Borders bookstores or you can buy it on-line at www.angeleyespublishingco.com.

Contact Information
Angel Eyes Publishing
Tracey Greene
404-423-5476
angeleyespub@yahoo.com
www.angeleyespublishingco.com

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Debt Shield Executive Warns Consumers About CCC Limitations

Statistics confirm that credit counseling cannot help many consumers with overwhelming debt. Debt settlement company CEO alerts consumers to the restrictions and limitations of credit counseling.

Columbia, MD, February 19, 2009 — Phil Fewster, CEO of Debt Shield, an award-winning debt settlement company, is alerting consumers about a recent report revealing that at least one third of people looking for credit counseling assistance could not afford to repay their credit card debt through a debt management plan.

“If over 30 percent of people turning to credit counseling are turned away, this confirms what experts in our industry already knew – that there is a large number of consumers who are simply unable to repay all of their debts, but are trying their best to avoid bankruptcy,” said Fewster.

Fewster explained that many people need more assistance than the reduced interest rates and payment organization that debt management plans provide. He said debt settlement is an alternative for people who want to avoid bankruptcy but can only afford to partially repay their debts.

The National Foundation for Credit Counseling acknowledges they cannot help about one third of people who seek their services, which is nearly one million consumers in 2008 alone. These people are typically referred to bankruptcy, even though debt settlement may help them avoid bankruptcy.

Fewster and other Debt Shield executives are not shocked by the statistics and claim that the economic downturn is revealing credit counseling limitations.

“More and more people are turning to debt settlement because, unlike credit counseling, debt settlement helps consumers pay off debts for less than they owe in consideration of their inability to fully repay their debts,” said Fewster. “Consumer credit counseling is a great option for people with high debt and adequate income who need a hand organizing their finances, but debt settlement may be the answer for people who need more help than just reducing APRs and organizing payments.”

Debt settlement is an option that lets consumers struggling with hardships repay less than they owe to satisfy their financial obligations. To learn more about debt settlement, call 1-888-397-7546 or visit www.debtshield.com.

About Debt Shield:

Debt Shield, Inc., is an award-winning debt settlement company helping consumers resolve their unsecured debt through mutually agreeable, discounted settlements in consideration of the consumers’ legitimate financial hardships. By helping consumers avoid bankruptcy, Debt Shield provides a service for both debtors and creditors. For more information about Debt Shield, call 1-888-397-7546 or visit the website at www.debtshield.com.

Contact Information

Debt Shield, Inc.
Maggie Beetz
1-888-397-7546
mbeetz@debtshield.com
http://www.debtshield.com

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• Get a Handle on Your Debt (alwaysbcmom.com)
• Bad Credit Unsecured Loans Vs Debt Solutions (personal-loans.suite101.com)

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Thunderbird Collection Specialists Receives 2008 Best of Scottsdale Award Scottsdale, AZ, October 24 - U.S. Local Business Association’s Award Plaque Honors the Achievement. Thunderbird Collection Specialists has been selected for the 2008 Best of Scottsdale Award in the Collection Agencies category by the U.S. Local Business Association (USLBA). The USLBA “Best of Local Business” Award Program recognizes outstanding local businesses throughout the country. Each year, the USLBA identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and community. Various sources of information were gathered and analyzed to choose the winners in each category. The 2008 USLBA Award Program focused on quality, not quantity. Winners are determined based on the information gathered both internally by the USLBA and data provided by third parties. About U.S. Local Business Association (USLBA) U.S. Local Business Association (USLBA) is a Washington D.C. based organization funded by local businesses operating in towns, large and small, across America. The purpose of USLBA is to promote local business through public relations, marketing and advertising. The USLBA was established to recognize the best of local businesses in their community. Our organization works exclusively with local business owners, trade groups, professional associations, chambers of commerce and other business advertising and marketing groups. Our mission is to be an advocate for small and medium size businesses and business entrepreneurs across America. Source: U.S. Local Business Association Contact: U.S. Local Business Association Email: PublicRelations@USLBA.net URL: http://www.USLBA.net “About TCS, Inc.” Thunderbird Collection Specialists, Inc. recognizes the problem in accounts receivable management in all areas of business. Established in 1964, TCS has become a leader in medical and property collections in Arizona and throughout the Southwest. TCS can provide you with collection options that most agencies cannot, due to our superior staff and state of the art technology. Our collectors are seasoned experts with extensive training in all areas of collections. Telephone Techniques Skip Tracing Property & Credit Reporting TCS enforces strict company policies and procedures that are in accordance for HIPAA and FDCPA. All collection efforts are handled with the utmost professionalism. What differentiates TCS from others is office culture, office policy, experience, knowledge of the industry, and results. Our goal is to become the collection service that sets the standard for collection excellence.

Contact Information

Thunderbird Collection Specialists Kristen Kaminskas 480-946-3299 kkaminskas@thunderbirdcollections.com www.thunderbirdcollections.com droswald@thunderbirdcollections.com

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$18.4 Million Settlement in Nebraska Helicopter Crash Lawsuits

2002 Crash Killed All Three Occupants; First Trial Was to Begin February 19

Lincoln, Nebraska - April 3, 2008 — The parties in a complex helicopter crash lawsuit that was scheduled to go to trial in Lancaster County District Court last month have now finalized a $18.4 million settlement for all three cases. Final dismissals were filed today. (Manske et. al vs. Eurocopter, et. al,CI102-2620-21-22, District Court of Lancaster County, Nebraska).

According to personal injury attorney Gary C. Robb, the Kansas City attorney who represented all of the families, “The pilot had radio’d in that he was having a binding problem with the right pedal which controls the pitch of the tail rotor. Shortly after that, witnesses observed the helicopter spinning out of control and that is the classic signature of a failed tail rotor.”

“A significant portion of the settlement is to be paid by Eurocopter France with substantial payments also by the five other defendants,” said Robb.

At the time of the settlement the helicopter manufacturer, Eurocopter France announced a prompt change in the maintenance manual providing for more frequent inspections of the tail rotor component. Eurocopter also declared its intent to re-design the tail rotor system within the next year so as to completely eliminate the accumulator assembly and this change will be made available to all such helicopter models in the field.

“The families commend Eurocopter for making the design improvements. It is great comfort to them that no one else will be injured as a result of this part,” said Robb.

“These are by far the largest wrongful death settlements in the history of the State of Nebraska,” said Vincent Powers, a Lincoln lawyer who worked with Robb on the cases. “These were three wonderful people who dedicated themselves to helping others,” said Powers.

The lawsuits were filed as a result of the June 21, 2002 crash of a LifeNet helicopter in Norfolk. Killed were the pilot, Phillip Herring, the flight nurse, Lori Schrempp, and the flight paramedic, Patrick Scollard. The families claimed that the crash was due to a tail rotor component called an accumulator which failed suddenly in-flight.

The families claimed that the helicopter crashed because a rubber bladder inside a key component developed a hole through which hydraulic fluid could pass. According to the plaintiffs’ case, this escaping nitrogen gas was felt by the pilot at the controls. When following the Eurocopter procedures for dealing with such a problem, the pilot de-activated all hydraulics for the aircraft and the tail rotor became uncontrollable.

According to Gary C. Robb lead attorneys for the Plaintiffs, the tail rotor of a helicopter counteracts the force generated by the main rotor to maintain directional stability of a helicopter. “Without a properly functioning tail rotor, a pilot will be unable to keep the helicopter from spinning in a direction opposite to the movement of the main rotor rotation.” According to the investigation of the National Transportation Safety Board, numerous witnesses observed the helicopter spinning before it crashed.

One aspect of the case Robb referred to as “unique and important” was that the occupants knew that they would be in a helicopter crash for at least 30 to 45 seconds. “Under Nebraska law, the pre-impact terror or conscious apprehension of death experienced by individuals in these situations is an element of damages. We had an experienced Air Force physician who has studied such circumstances and was prepared to testify at trial as to the psychological implications of such a predicament.”

The settlement will be divided among the three families and also includes compensation for the lost earnings, loss of love, affection and companionship, and the deceased’s loss of enjoyment of life.

In addition to this record-breaking helicopter settlement, Gary Robb has the two highest helicopter crash jury verdicts in U.S. history, a $350 million verdict in a 1995 helicopter crash killing a pilot and a $70 million jury verdict in a companion case resulting in the death of the passenger. The helicopter crash attorney also attained the largest pre-trial settlement in a helicopter crash in U.S. history: a $38 million settlement for a woman horribly injured in a helicopter crash in the Grand Canyon.

“A helicopter is an entirely different aircraft from a fixed-wing plane and they don’t glide,” Robb said. “This is why most helicopter crashes tend to be fatal and it is remarkable that Pat Scollard survived the initial impact although he died some time later.”

For further information please contact:

Plaintiffs’ Lawyers: Gary C. Robb of ROBB & ROBB LLC in Kansas City, Missouri (816) 474-8080.

Defendants’ Lawyers: Michael G. Mullin of KUTAK ROCK LLP in Omaha, Nebraska (402) 346-6000.

About Robb & Robb LLC: The Kansas City personal injury law firm of Robb & Robb LLC was founded in 1984 by Gary C. Robb and Anita Porte Robb. Over the past 24 years the firm has obtained over $750 million in verdicts and recoveries on behalf of victims of personal injury and wrongful death. The firm has handled many precedent-setting, important, high-profile and complex personal injury and wrongful death cases in Missouri and nationwide, including catastrophic truck, bus, and automobile accidents.

Press Contact: Anita Porte Robb
Company Name: Robb & Robb, LLC
Phone: 816-474-8080
Website: http://www.robbrobb.com

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Image by Getty Images via DaylifeWoodbridge Investments to Offer Foreclosure Assistance to Homeowners Receiving Structured Settlement Payments

Woodbridge Investments, LLC. a structured settlement factoring company has today announced a new program designed to aid homeowners who are facing foreclosure.

Studio City, CA - March 15 — Woodbridge Investments, LLC. a structured settlement factoring company has today announced a new program designed to aid homeowners who are facing foreclosure.

The newly implemented “Woodbridge Home Owner Relief Program” will allow homeowners who are receiving structured settlement, annuity, or lottery payments to instantly borrow up to $20,000 against their settlements to reinstate or pay delinquent mortgage payments.

Heading up the innovative new program is Sofia Ekberg, who has an extensive background in debt negotiation with banks nationwide. Sofia stated, “My experience with homeowner relief programs acted as the catalyst for the idea to offer loans to homeowners receiving structured settlements.”

Ms. Ekberg further added, “Management at Woodbridge Investments was thrilled with the idea and has set aside a fund to immediately begin making loans.”

To qualify, an individual must own a home and at the same time be receiving a structured settlement, annuity or lottery payment.

About Woodbridge: Woodbridge Investments and its predecessor companies have been purchasing Lottery Payments, Structured Settlements and other cash flows since 1993. Over a thousand individuals and families have relied on Woodbridge to realize a large lump sum from the sale of their long term payments.

Press Contact: Jennifer Fiero
Company Name: Woodbridge Investments, LLC
Phone: 1-866-865-7044
Website: www.woodbridgeinvestments.com

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Image via WikipediaBad Credit Loans to the Recession Rescue

Fears of an official recession have government officials wringing their hands with worry, reports Andy Hygate from www.loansbadcredit.org.uk.

Edinburgh, UK - April 1 — Fears of an official recession have government officials wringing their hands with worry, reports Andy Hygate from www.loansbadcredit.org.uk. But for the average consumer it doesn’t really matter what the economists and market pundits predict or declare. Most of the UK population is already experiencing a recession on a personal or household level, and no amount of number crunching or financial juggling will do anything to change that stark reality.

One thing that could help, however, is a so-called “bad credit” loan. These are special loans extended to those with poor credit, and during recessionary times like these, they represent one of the last lines of defense and one of the best ways to access a line of credit to help weather the storm. Bad credit loans can provide emergency funds to help get back on solid financial footing, or they can be used on a longer-term basis for mortgages and other major but necessary expenditures.

Such loans may be a lifesaver if the situation persists. Roger Bootle, managing director of Capital Economics, was quoted by the Telegraph as saying that the growing financial crisis has increased the chances of recession in the UK as families struggle with their finances.

• The government may need to raise taxes even more and scale back benefits to offset the nation’s economic problems, which would only put more pressure on the average consumer.

• Petrol prices are going up with no end in sight, and the cost of transporting all sorts of consumer goods is going up as a result. Those increases are being quickly passed along to retail buyers, so that the average UK consumer is bearing the biggest burden of all.

• For example, the Bank of England has been forced to lower its interest rates twice in an effort to jumpstart the slumping economy. But mortgage lenders, credit card companies, and others who sell their financial services and are experiencing difficult time have not passed those price cuts along to their customers.

Meanwhile the news from across the puddle indicates a growing sea of debt that will soon wash ashore in the UK and likely prove that the turmoil in the USA is contagious - especially for economies that are so closely connected to it as is that of the UK.

“The underlying trends are horrible, with worse to come,” reported the Guardian, citing prominent economist Ian Shepherdson of High Frequency Economics in New York.

With the unprecedented fall of Northern Rock - the first run on a UK bank in 100 years - and a rescue effort to save it that will eventually cost taxpayers about £25 billion - the economy signaled a severe crisis of staggering proportions. The bailout of the failed bank was mirrored on Wall Street, where one of America’s legendary investment banks - Bear Stearns - fell apart within a matter of days. Stock in that company traded for around $160 per share last year, and hit $2 in mid-March.

The Telegraph reported that millions of British households will feel the aftermath of these events as mortgages become harder to get and monthly debt rises. One sign of recession is rising unemployment, and when Bear Stearns fell, fears rose that the company’s 1,500 London-based employees might find their jobs or salaries in jeopardy - like so many others in the UK have already experienced.

However those companies that intentionally specialise in providing loans for bad credit are welcoming distressed Brits with open arms - and open purse strings. If you find yourself faced with the dilemma confronting most of us during these turbulent times, you may want to explore the option of a bad credit loan as a financially prudent alternative.

Press Contact: Andy Hygate
Company Name:
Phone: 077960436789
Website: www.loansbadcredit.org.uk

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Image via WikipediaFitch Downgrades Capstan Master Trust Auction Rate Credit Linked Certificates Series 1-4

NEW YORK– July 23, 2008 –Fitch Ratings has removed from Rating Watch Negative and downgraded the following series of Capstan Master Trust (collectively, Capstan). The following rating actions are effective immediately:

Capstan Master Trust Series 1

–$150,000,000 certificates due 2017 downgraded to ‘A’ from ‘AAA’.

Capstan Master Trust Series 2

–$150,000,000 certificates due 2017 downgraded to ‘A’ from ‘AAA’.

Capstan Master Trust Series 3

–$150,000,000 certificates due 2017 downgraded to ‘A’ from ‘AAA’.

Capstan Master Trust Series 4

–$150,000,000 certificates due 2017 downgraded to ‘A’ from ‘AAA’.

The actions reflect Fitch’s view on the credit risk of the rated certificates following the release of Fitch’s new Corporate CDO rating Criteria.

Capstan Series 1 through 4 are four series of auction rate credit-linked certificates, the proceeds from which were used to directly purchase $600,000,000 of credit linked certificates (the ‘Underlying Collateral’) referencing a static portfolio of primarily investment grade corporate assets, which was privately-rated by Fitch in July 2007. The Underlying Collateral is the sole asset of Capstan. Periodic interest payments on the auction rate credit-linked certificates are determined and paid according to an auction process, as described in the transactions’ governing documents. In addition, Capstan has entered into a basis swap with Deutsche Bank AG (rated ‘AA-/F1+’; Outlook Stable by Fitch), whereby income from the Underlying Collateral is transferred to Deutsche Bank AG in exchange for periodic interest payments due on the auction rate credit-linked certificates. The rating of Capstan is directly linked to the credit risk of the Underlying Collateral. Thus, the downgrades reflect Fitch’s view on the credit risk of the Underlying Collateral for the deal, which was downgraded to ‘A’ from ‘AAA’ on July 23, 2008.

The key drivers of the downgrade on the Underlying Collateral include Fitch’s updated corporate CDO rating criteria as well as the deterioration of the average portfolio quality from ‘BBB/BBB+’ on the closing date (July 2007) to ‘BBB-’ on July 16, 2008, representing an average downgrade of 2 notches across 51.2% of the portfolio. Currently, 18.4% of the portfolio carries a below investment grade rating, approximately 12.0% of the portfolio is on Rating Watch Negative and 17.6% is on Negative Outlook by Fitch. Moreover, 24.0% of the portfolio is concentrated in the banking & finance sector which is currently under stress.

Given Fitch’s view of concentration and the current credit quality of the portfolio, the credit enhancement level of 9.8% is not sufficient to justify the current rating of the Underlying Collateral.

Fitch released updated criteria on April 30, 2008 for Corporate CDOs and, at that time, noted it would be reviewing its ratings accordingly to establish consistency for existing and new transactions. As part of this review, Fitch makes standard adjustments for any names on Rating Watch Negative or with a Negative Outlook, reducing such ratings for default analysis purposes by two and one notch, respectively. Fitch has previously noted that its review will be focused first on ratings most exposed to risks it has highlighted in its updated criteria. Consequently, the certificates were placed on Rating Watch Negative on May 15, 2008. As previously indicated, resolution of the Negative Watch status depends on any plans managers/arrangers may choose to modify either the structure or the portfolio. In this case, the arranger has confirmed that it does not intend to make any modifications.

Fitch’s rating definitions and the terms of use of such ratings are available on the agency’s site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch’s code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the ‘Code of Conduct’ section of this site.

Contacts

Fitch Ratings
Derek Miller, +1-312-368-2076 (Chicago)
Kevin Kendra, +1-212-908-0760 (New York)
Media Relations:
Julian Dennison, +44 020 7682 7480 (London)
Sandro Scenga, +1-212-908-0278 (New York)

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Take Advantage of Bad Credit Loans to Consolidate Outstanding Debts

Even if your credit is not great, you can still benefit from a Consolidation Loan explains Andy Hygate from www.loansbadcredit.org.uk.

Edinburgh, UK - March 11 — Even if your credit is not great, you can still benefit from a Consolidation Loan explains Andy Hygate from www.loansbadcredit.org.uk, and get out from under an avalanche of rising interest payments.

Just when we had hoped for relief, the economic woes seem to accelerate with no end in sight. Combined with growing fears of a recession we now have the disturbing prospect that an imminent recession will be combined with simultaneous price inflation. Commodity prices, for example, are climbing - with some industry observers predicting that the price of petrol will rise as much as 30-40 percent by July. As these factors create a bleak economic outlook, the cost of high-interest debt becomes more burdensome.

According to recent reports from the Telegraph and BBC News:

- A record-breaking 107,000 people went insolvent in 2006, an annual rise of almost 60 percent, as UK personal debt totals hit £1.4 trillion

- Lenders wrote off about £6.8bn in individual debt last year, the biggest annual total on record.

- Banks classified a total of £2.1bn as bad debt in the final quarter of 2007, of which £1.6bn was consumer debt.

- Only a small fraction of this was mortgage debt, with the majority accounted for by credit card and other unsecured debts.

But all is not lost. While major interest rates are still relatively low there is time to get out from under high-interest debt, and mounting monthly payments by borrowing a single affordable loan and using it to pay off more expensive loans. The strategy, referred to as debt consolidation, is often recommended to consumers faced with seemingly impossible financial circumstances. A debt consolidation loan is one that offers a more competitive rate than the ones you currently hold.

Of course if you already have bad credit, it can be harder to find an attractive consolidation loan. But so-called bad credit loans offer a solution, even for those with low credit scores. Lenders who offer these loans tailor to a niche market, and specialise in serving those borrowers who are turned down by traditional banks and other lenders due to credit problems. Their sole purpose and business focus is on providing loans to people with poor credit, and the services they provide are a valuable asset for UK consumers unable to borrow from conventional lenders.

With a bad credit loan from one of these lenders, it is possible to consolidate debt and convert your bad credit into a good plan for saving money and getting back on track to financial security. Transferring outstanding balances to a single lower interest bad credit loan accomplishes two critical and financially helpful goals.

First of all, you save money on the difference in interest payments. For example, if you are paying on a credit card that charges 18 percent interest and can pay off that balance with a new loan that only charges 8 percent, you realise immediate savings of 10 percent. That’s a better return than most stock market wizards can boast, and it can be done in a matter of minutes by simply applying for the new loan.

Secondly, consolidating debt by paying it off with a single loan makes monthly payments simpler to manage your budget. With only one payment to make - instead of numerous bills to pay at various times during the month - it is easy to write one check, once a month. You minimize the risk of late payments, penalties, fees, and punitive rate hikes, while also making your personal financial life less stressful.

Press Contact: Andy Hygate
Company Name: Loans for Bad Credit
Phone: 07780859312
Website: www.loansbadcredit.org.uk

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Image via WikipediaAce Debt Relief Offers Free Credit Card Debt Consultation

Debt resolution company Ace Debt Relief announces it is now offering a free consultation to any consumer with $10,000 of credit card or unsecured debt.

November 19 — Ace Debt Relief (http://www.acedebtrelief.com), the premier debt resolution company, is offering a free consultation to any consumer who has at least $10,000 of credit card or unsecured debt. Ace Debt Relief’s partner law firm has more than 25 years of relevant experience and has devised a debt resolution program that enables consumers who have incurred unmanageable unsecured debt to legally walk away from all of it.

This is a highly effective program that is guaranteed to protect individuals from civil lawsuits and prevent creditors from being able to attach assets. The Ace Debt Relief program is an ideal alternative to the other common debt resolution programs such as bankruptcy, debt settlement or consolidation.

For people who are receiving collection notices, are being threatened with a lawsuit by a credit card bank or are concerned that they may be, Ace Debt Relief provides a powerful remedy to absolve consumers of their debt and insulate them from the potential of a civil liability lawsuit from their creditors.

“We have distraught consumers who are being pursued by creditors and receive threatening calls at their home or office, which is both disruptive as well as embarrassing,” said the owner of Ace Debt Relief, who is appropriately enough is known simply as “Ace.” “And through the Ace Debt Relief program, clients are able to legally walk away from all of their debt and also be completely insulated from their creditors.”

Being heavily in debt affects confidence as well as morale. It can create health problems, and debt often destroys relationships. Consumers who have incurred a lot of debt frequently experience disrupted sleep too, as bills pile up with no apparent end in sight. Upon joining the Ace Debt Relief debt resolution program, a shield is placed on the profile of each client, effectively obstructing creditors from initiating civil liability lawsuits against clients.

Consumers who have at least $10,000 of debt may be qualified to take advantage of this program. To sign up for a free consultation, you may visit Ace Debt Relief at: http://www.acedebtrelief.com or call the Ace Debt Relief hotline at 800-679-7488.

Press Contact: Ace
Company Name: Ace Debt Relief
Phone: 310-394-3777
Website: http://www.acedebtrelief.com

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Image via WikipediaFactoring Company Provides $66 Million Factoring Facility to Velocita Wireless to Support Acquisition of SkyTel, from Bell Industries, Inc.

A leading factoring company, has signed an agreement to provide a $66 million accounts receivable factoring facility to a leading provider of wireless data services. The accounts receivable factoring facility was a key element of the funding package which enabled the New Jersey based network operator to complete the acquisition of a complimentary wireless technology business, providing nationwide wireless data and messaging services. At a time when borrowing facilities are extremely difficult to negotiate Platinum distinguished themselves with their speed of decision, flexibility and willingness to work to get the deal done.

New York, NY - June 17, 2008 — Platinum Funding Group, a leading factoring company, has signed an agreement to provide a $66 million accounts receivable factoring facility to a leading provider of wireless data services. The accounts receivable factoring facility was a key element of the funding package which enabled the New Jersey based network operator to complete the acquisition of a complimentary wireless technology business, providing nationwide wireless data and messaging services.

Factoring

With its headquarters in New Jersey, this national wireless network operator focuses on the M2M market. The company offers wireless data machine-to-machine (M2M) products including automatic vehicle location (AVL), telematics, point-of-sale, security and energy solutions to enterprise and government customers. Its network operates in 50 states covering 93 percent of all U.S. businesses and 220 million people.

The accounts receivable factoring facility provided by Platinum Funding Group will also assist the combined entity to consolidate its position as one of the leading M2M providers in the U.S. providing comprehensive, reliable and secure communication solutions.

“Platinum’s ability to think outside the box, and find creative solutions for complicated transactions is a necessity in the current financial environment,” said Eyal Levy, founder and CEO of Platinum Funding Group. “Platinum’s assistance in several acquisitions lately, when liquidity is limited, makes us an attractive instrument for investment banks, private equity and venture capital firms.”

Russell Backhouse, the CFO who co-ordinated the transaction with Platinum added, “At a time when borrowing facilities are extremely difficult to negotiate Platinum distinguished themselves with their speed of decision, flexibility and willingness to work to get the deal done.”

Mark Hull, CEO said, “This acquisition clearly benefits all of our customers as together we are an even stronger company with a long-term commitment to messaging, data and the M2M market.”

About Platinum Funding Group:
Platinum Funding Group, a leading factoring company, provides clients with accounts receivable financing, purchase order financing, letters of credit, bridge funding, and accounts receivable management. Established in 1992, the factoring company has been consistently assisting companies with annual sales revenue between $1 million and $150 million. Platinum provides premier factoring services and possessions the financial resources to serve the needs of its invoice factoring clients across more than 30 industries, issuing same day advances on accounts receivable to early-stage companies, fast growing firms, and companies in Chapter 11. Platinum Funding Group is headquartered in New York City and has regional offices throughout the U.S.

Platinum Funding UK Limited commenced operations out of its United Kingdom office in the spring of 2008. Through its UK affiliate, Platinum Funding Group has expanded its services to include purchases of international receivables, with a focus on the European market.

By SEO Factor.

CONTACT INFORMATION
Danielle Lacombe
Platinum Funding Group
646-315-7200

Cobi babchuk
Platinum Funding UK Limited
646-315-7200

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