Capital Protection Group Review

Address:

6565 N MacArthur Blvd, Ste 225A
Irving, TX 75039
888-899-3120

This appears to be the address of a shared office space from Intelligent Office. – Source

Company appears to have been tentatively named Dallas Proper and then changed the name to Capital Protection Group. – Source (See buyer comments)

Website:

I initially started with cpgsample.com and moved on to a related site I found at cpgrep.com.

Description:

Welcome to the Capital Protection Group. We are an attorney designed program to help you solve your debt problems. – Source

They also claim “Traditional debt settlement companies are working for the creditors, not the consumer.”

This happens to be the sample sales rep version of the site they will put up for the rep. – Source

Management

Scott Rister
Robert Carpenter
Appears to have been formed early February, 2010.

Capital Protection Group Review Strong Lawyer Network State Capital Financial Scott Rister SCF State Capital Financial Group Robert Carpenter Richard Scott Rister Hurry Leads Capital Protection Group 800 Buy Kwik 1 800 BUY KWIK debt relief industry debt articles
Their picture of staff.

On closer inspection this appears to be a Photoshopped picture with the logo inserted.

Contacts

Scott Rister – [email protected] – Source
Robert Carpenter

Relationships

Possibly related to StateCapitalFinancialGroup.com and [see comment from Robert Carpenter below for strike thru reason.] findmotivatedsellers.com through Scott Rister. Unable to determine with absolute certainty that it is the same Scott Rister. The findmotivatedsellers.com company is located very near the address for CPG and the State Capital Financial Group is a Texas corporation.

Robert Carpenter and Scott Rister were or are involved together something called 800 Buy Kwik (Source) and Strong Lawyer Network (Source) and Hurry Leads (Source). Scott Rister of Hurry Leads went bankrupt in 2007, apparently unable to settle his own debts.

Responsible parties for CPG may also sell home security systems as well. – Source

Interesting Points

What really caught my eye about this new approach to dealing with debt was that this company goes after the traditional debt settlement company and makes claims that debt settlement companies really work for the creditors. A unique approach. They also go after bankruptcy. I don’t think members of either the debt settlement or bankruptcy camps will be happy with the assertions Capital Protection Group makes in their comparison chart below.

Capital Protection Group Review Strong Lawyer Network State Capital Financial Scott Rister SCF State Capital Financial Group Robert Carpenter Richard Scott Rister Hurry Leads Capital Protection Group 800 Buy Kwik 1 800 BUY KWIK debt relief industry debt articles
Click graphic for larger image.

On face value the comparison chart seems to misrepresent the facts about bankruptcy and the claims made by the debt settlement community. Let’s look at the first line “Settle for less than 10% of debt” and for bankruptcy the answer is no. But in a Chapter 7 bankruptcy the debt is discharged in full. And it’s quite possible that the debt settlement companies I’ve been critical off will take significant issue with the percentages they claim to be available through debt settlement.

Bankruptcy does stop creditor calls and a Chapter 7 bankruptcy stops all unsecured debt payments today while the chart claims it does not.

The approach of Capital Protection Group is fourfold as they present it. They call it; Silencer, Fighter, Negotiator, Cleaner.

Silencer

THE SILENCER system will give you a new address and new phone number to give to the creditors. The Capital Protection Group will handle all the calls and all the mail. – Source

Fighter

This is our program where we use attorney designed letters to dispute what you owe the credit card companies. This attorney approved system is key to getting the credit card companies to settle for less than 10% of what you owe. – Source

Negotiator

THE NEGOTIATOR knows exactly how to get the lowest settlements in the industry. Most settlements are under 10% of what is owed. No one in the industry can tout those results. No one. – Source

Cleaner

We have years of experience in handling the credit reporting bureaus so just sit back and relax and let us help you clean up and repair your broken credit. – Source

Frankly, I’m not sure exactly what this company is promising to offer. On the Cleaner side of things alone it seems to be a clear violation of the Credit Repair Organizations Act.

But then some of the language and task that will be performed sound similar to those of the CCDN scheme that is in trouble. And then I found this statement affiliated with CPG and I’m not sure where it falls in the plan of services but it was an intention of the company.

I need an attorney who is versed in personal liens and deficiency judgements and promissory notes and security agreements that secure the promissory notes. I have a new debt resolution company that will help people get negotiate better with their unsecured debtors because they will have a lien put on them first. I have some sample paperwork but need it tweaked – Source

This sounds just like the failed friendly lien fiasco that others have tried.

Now how about this little gem I found online as well. It will give you pause to consider how company contracts are constructed.

I have a couple of contracts that I “found” on the internet and I need them to be re-written. I just dont want them to be exactly like the ones I found. Its not really a complete re-write but just a “shuffling” of the ideas around a little. I dont want to lose its “essence” or “legality” but just want to make it my own and so no one thinks I am using their documents. – Source

I also spent time listening to the client testimonials on the site. My opinion, they sound like scripts read by voiceover professionals. In fact, I think I recognized one of the voices as a friend of mine that does voiceovers.

And then I found this doozy from a listing titled “Recordings Needed for Capital Protection Group – oDesk”:

I need someone to record a short “testimonial”. I have the script ready to go. Its probably around 1 minute recording. I need it to sound real and not “polished”. You cannot have a thick accent for this recording. You must have the ability to record an MP3 and email it to me. – Source

So apparently these are not actually “Client Testimonials” but really scripts written by the company.

Their audio presentation of their services has some interesting statements in it.

  • “We have a proven record of getting creditors to accept less than 10% of what is owed.”
  • “Because our system was created from the collective experience of Certified Financial Planners, combined with the knowledge of expert attorneys, we provide a program that is legal, safe, and easy to use. Our system is so powerful that even the credit card companies dislike us.”
  • “While other debt settlement companies try to get 50% off your debt, if their lucky, the Capital Protection Group will have you pay back less than 10%.”
  • “At the Capital Protection Group we’ll help you solve your financial woes and do it faster and for less money than anyone else.”
  • “The Capital Protection Group wants to give back your life that we think the credit card companies have stolen from you.”
  • “We don’t want you to think twice about the credit card companies and the “so called” money you owe them.”
  • “Many of our clients go through all the steps in twelve months.” But what strikes me is that they say on another part of their site that “Then after a 20-24 month extended period of time, we abruptly settle for significantly less than could be imagined and some debt at low as 10%!” – Source. So is it 12 months or 24 months? Many to me would imply a lot.
  • “We don’t like the credit card companies any more than you do.”

They make no mention I could find of consumers being sued by their creditors for non-payment of debts.

I’m also questioning the claims they are making, with domains recently registered and only formed as a corporation as of February, 2010, how can them claim a 12 or 24 month track record of anything? And are the client testimonials from real clients or from a script written by the company.

And then I stumbled onto this, a separate site, cpgrep.com, actually their main site, to sell their service to sales people.

Capital Protection Group Review Strong Lawyer Network State Capital Financial Scott Rister SCF State Capital Financial Group Robert Carpenter Richard Scott Rister Hurry Leads Capital Protection Group 800 Buy Kwik 1 800 BUY KWIK debt relief industry debt articles
Click graphic for larger image.

Listen to the sales pitch to sell their services. If you are a consumer advocate it will make you sick.

My favorite quotes from the sales pitch,

  • “Traditional debt settlement companies are working for the creditors, not the consumer.”
  • “Our system in the hands of a phone sales professional is like taking candy from a baby.”
  • “35% commission on all fees collected.”
  • “You concentrate on what you do best, close the next sale.”
  • “The entire system is structured for you to succeed as a phone closer. Can you do that?”

Classified Advertisement for Sales Reps

Debt Settlement….Make $300,000 a Year! Work from Home! (work from home)

1) Two years phone sales experience
2) History of closing clients and securing payments over the phone
3) Self-motivated to work from home
4) Interested in helping people get back on track in life

If not, then we sincerely would wish you the best in your endeavors however if that was a current description of you then read on……

We are The Capital Protection Group….an ATTORNEY DESIGNED debt settlement company absolutely unlike any other.

We have a “for sure” superior product/service compared to traditional debt settlement, proven sales system, A+ customer support for unlimited potential clientele. If you can get on the phone to ask for money and are a TRUE closer then we need to talk.

Review the following site thoroughly:

http://www.cpgrep.com/

I will be very up front here stating we are very selective in whom we choose to represent The Capital Protection Group. Only those with an entrepreneurial mindset and grasp of return on investment need apply.

So, if this is you then please tell me why you have the right stuff.

Thanks,
Scott Rister
THE CAPITAL PROTECTION GROUP

Source

The Capital Protection Group Sales Rep Agreement

INDEPENDENT CONTRACTOR’S AGREEMENT

THIS INDEPENDENT CONTRACTOR’S AGREEMENT (“Agreement” hereinafter) is made this _____ day of ____________, 2010 by and between CAPITAL PROTECTION GROUP, LLC, whose principal place of business is 6565 N MacArthur Blvd, Ste 225A, Irving, TX 75039 (“CPG” hereinafter), and _____________________ (“Independent Contractor” hereinafter) with his/her principal place of business at ___________________________________________.
In consideration of the mutual premises herein contained, CPG and Independent Contractor hereby agree as follows:

SECTION 1: ENGAGEMENT
CPG hereby engages Independent Contractor to solicit, manage, counsel and direct clients through the CPG debt management and fiscal counseling program, and otherwise act as the personal contact between CPG and its clients (“Services” hereinafter). Independent Contractor understands that he/she is responsible for procuring his/her own leads for potential debtor/clients and that no protected area, geographic or otherwise delineated, is provided.

For a one-time fee of $250.00 the Independent Contract will be provided full access to a personalized CPG debt negotiation website and email, on-line resources, toll-free telephone number with personal extension, and comprehensive program designed and implemented to provide industry-leading results for debt negotiation. No other fees will apply. No long distance minutes charges for the use of the toll free number or any website hosting fees. CPG will additionally provide counseling and instruction to Independent Contractor to fully market and utilize the CPG program.

SECTION 2: COMPENSATION
A. In full and exclusive consideration of the performance of the Services, CPG shall pay Independent Contractor as follows:

1. Direct Sales. 35% commission of the gross collected “Set-up Fees” as defined in the CPG Client Agreement on sales directly originated by the Independent Contractor. Upon consummation of one hundred (100) such direct sales, the Independent Contractor shall receive 40% commission of the gross collected “Set-up Fees” on all subsequent direct sales, and

2. Sub-Rep Sales. Independent Contractor may recruit additional individuals to be engaged by CPG. If CPG engages such individuals, the Independent Contractor shall receive 5% commission of the gross collected “Set-up Fees” of sales originated by such Sub-Rep(s) provided; (1) CPG is notified of the referral at the time the Sub-Rep(s) is/are engaged, and (2) Independent Contractor has ten (10) or more sales in the month in which the claimed Sub-Rep(s) originations are received.

3. Disbursement of Commissions. CPG will only pay Independent Contractor via PayPal. Independent Contractor is responsible for setting up a PayPal account and will be responsible for any fees associated with this service. Independent Contractor will simply provide CPG the email to be used in the PayPal transaction. First 5 payments received by CPG from Independent Contractors clients shall be initiated in Independent Contractors PayPal account within 2 business days of company receiving funds from client. According to the PayPal terms it does take 3 to 5 days after initiating payments to be received. Set-Up fees may take 3 to 5 days to be received into Companies bank after initiating payment due to lag time by clients banks. All other commissions shall be initiated in PayPal on the 10th and the 25th of each month for commissions earned to date.

B. CPG is not responsible for any expenses incurred in the performance of the Services.

SECTION 3: INDEPENDENT CONTRACTOR RELATIONSHIP
A. The Independent Contractor agrees to perform the Services hereunder solely as an Independent Contractor. The parties to this Agreement recognize that this Agreement does not create any actual or apparent agency, partnership, franchise, or relationship of employer and employee between the parties. The Independent Contractor is not authorized to enter into or commit CPG to any agreements, and the Independent Contractor shall not represent itself as the agent or legal representative of CPG.

B. CPG shall not be liable for taxes, Worker’s Compensation, unemployment insurance, employer’s liability, employer’s FICA, social security, withholding tax, or other taxes or withholding for or on behalf of the Independent Contractor or any other person consulted or employed by the Independent Contractor in performing Services under this Agreement. Contractor shall provide to CPG a completed W-9 form so that CPG can send out appropriate 1099 form.

SECTION 4: PROPRIETARY RIGHTS AND CONFIDENTIALITY
A. The Independent Contractor acknowledges that CPG hereby discloses “Proprietary Information”, including without limitation: client lists, negotiation methods, marketing strategy, techniques, ideas, technical data, business procedures and concepts originated by CPG regarding the debt reduction service industry. Independent Contractor agrees that all such Proprietary Information, including client lists generated by Independent Contractor during his/her association with CPG, shall remain the sole property of CPG, shall not be disclosed and shall be protected by all reasonable measures possible.

B. Independent Contractor understands that he/she may utilize such Proprietary Information only in the performance of services for CPG. Upon completion of services to CPG, Independent Contract covenants and agrees to:
refrain from any use of CPG business concepts, methods, or any other component of the Proprietary Information;
refrain from any contact with CPG clients, in solicitation of additional business or otherwise; and
return all materials, which contain Proprietary Information in whole or in part.

C. Independent Contractor may use logo and company name on business cards and/or email signature but as long as it states INDEPENDENT AGENT. Otherwise, the Independent Contractor shall not, without the prior written consent, use CPG’s name in any advertising or promotional literature or publish any articles relating to CPG, this Agreement, or the Services.

SECTION 5: WARRANTIES AND INDEMNIFICATION
A. The Independent Contractor represents and warrants that he/she shall perform the Services in accordance with CPG standards and procedures, all applicable laws, rules, regulations, and standards prevailing in the industry, including without limitation state laws proscribing the unlawful practice of law or rendering of financial advice. The Independent Contractor further warrants that he/she has or shall obtain all state and local permits required to perform the Services. Moreover, Independent Contractor agrees to include the following disclaimer in all communiques with clients:

Legal Notice: Nothing contained in the foregoing communication constitutes legal advice or legal opinion and if applicable is governed by the Capital Protection Group, LLC Terms of Use http://cpgclient.com/terms.html. Capital Protection Group, LLC is not a law firm. If you are in need of legal representation, you are encouraged to engage local counsel, licensed to practice in your jurisdiction and familiar with local law.

B. CPG shall not be liable for injury or death occurring to the Independent Contractor or any of its employees or assistants in the course of performing Services. Independent Contractor hereby indemnifies and holds harmless CPG, its subsidiaries, and affiliates, and their officers and employees, from any damages, claims, liabilities, and costs, including reasonable attorney’s fees, or losses of any kind or nature whatsoever which may in any way arise from the Services performed by the Independent Contractor hereunder, the work of employees of the Independent Contractor while performing the Services of the Independent Contractor hereunder, or any breach or alleged breach by Independent Contractor of this Agreement, including the warranties set forth herein. CPG shall retain control over the defense of, and any resolution or settlement relating to such claims. The Independent Contractor will cooperate with CPG and provide reasonable assistance in defending any such claim.

SECTION 6: TERM AND TERMINATION
A. The engagement of Independent Contractor by CPG is on an at-will basis and no specific term is expressed, nor shall be implied by any terms herein.

B. Either party may terminate this Agreement upon fifteen (15) days prior written notice.

C. Any compensation as described in Section 2 above, which is due and owing, fully earned and collected prior to termination shall be payable by CPG to Independent Contractor upon written demand received within thirty (30) days of termination.

SECTION 7: DAMAGES AND REMEDIES
A. In the event this Agreement is terminated, CPG shall have all remedies available to it at law and in equity. Any and all Materials prepared for and/or delivered to CPG prior to termination shall remain the property of CPG.

B. The Independent Contractor waives any and all right to injunctive relief in the event of any dispute with CPG, and the Independent Contractor’s sole remedy in such a dispute shall be at law.

SECTION 8: ARBITRATION
Any dispute, claim or controversy arising out of or relating to this Agreement or the breach, termination, enforcement, interpretation or validity thereof must be referred to mandatory arbitration in accordance with the rules set forth by the American Arbitration Association.

SECTION 9: GENERAL TERMS
A. This Agreement shall be governed and construed in accordance with the laws of the State of Texas applicable to contracts made and fully performed therein.

B. If any part or provision of this Agreement is deemed unlawful or unenforceable under relevant law, such provision(s) will be modified to reflect the parties’ intention. All remaining provisions shall remain in full force and effect.

C. Notices to either party under this Agreement shall be in writing and delivered by hand or sent by mail to the address set forth above or to such other address as that party may designate.

D. CPG may freely assign this Agreement, in whole or in part. The Independent Contractor may not, without the written consent of CPG, assign, subcontract, or delegate its obligations under this Agreement.

E. The waiver by either party of a breach or violation of any provision of this Agreement shall not constitute a waiver of any subsequent or other breach or violation.

F. Following the expiration or termination of this Agreement, the terms and conditions set forth, as well as any term, provision, or condition required for the interpretation of this Agreement shall survive such expiration or termination.

G. This Agreement represents the entire Agreement between the parties. The Agreement may not be amended, changed, or supplemented in any way except by written Agreement signed by both parties.

THIS CONTRACT CONTAINS A BINDING ARBITRATION PROVISION WHICH AFFECTS YOUR LEGAL RIGHTS AND MAY BE ENFORCED BY THE PARTIES.

CAPITAL PROTECTION GROUP, LLC INDEPENDENT CONTRACTOR:
By: _________________________ ____________________________
Title: ________________________ ____________________________
NAME PRINTED
____________________________
Social Security Number

Source

Complaints

This is not a complaint about this company but about another Texas headquartered debt settlement company, SCF State Capital Financial, that involved a Scott Rister.

Well i can agree with what these two people say negatively about the company. I won’t lie, I used to work in this industry. Everyone that signed up with the company got sued! Nobody ever finished the program. The only time someone finished the program was if they did not get SUED! Out of 100 clients, i would say maybe 3 to 4 tops would make it thru the program. There was never enough money saved on their end to settle the debts. All the money went into the owners pocket Scott Rister so he could keep this company running. This type of service should be taken away by some type of law in ALL STATES! It does not work and I know because i did it. It was a one time Quick Fix commission for the employee but for Mr. Rister it was every Damn month Get Rich because he was putting all of the payments each month into his own bank account for all of the fees. By the time it was time to settle the debts, the lawsuits were showing up in the mailbox because no money was used for their debts, only for FEES. What an unprofessional service. These guys are complete Jokes and am sure all others are too. Never do debt settlement when paying back a portion. It will never look better on your credit. All the lies you are told are so the electric bill and rent can get paid. Consult with an attorney about Bankruptcy or go into another program such as Credit Counseling. Atleast you know your bills are getting paid on time. Nobody fall for this SCAM or any lies you are told regarding his rebuttals. His rebuttals have no credibility and its just a cover up to try and make himself and his company look better! – Source

[see comment from Robert Carpenter below for strike thru reason.]

Picture of Web Site

Capital Protection Group Review Strong Lawyer Network State Capital Financial Scott Rister SCF State Capital Financial Group Robert Carpenter Richard Scott Rister Hurry Leads Capital Protection Group 800 Buy Kwik 1 800 BUY KWIK debt relief industry debt articles
Click graphic for larger image.

Update April 2, 2010

Appears CPG is still on the hunt for those lone ten reps to take part in this “billion dollar business.” I just saw the ad below. – Source

Capital Protection Group Review Strong Lawyer Network State Capital Financial Scott Rister SCF State Capital Financial Group Robert Carpenter Richard Scott Rister Hurry Leads Capital Protection Group 800 Buy Kwik 1 800 BUY KWIK debt relief industry debt articles

Is This Your Company?

If this is a review is about your company and you would like to respond to the information I’ve presented here to possibly put it into a broader context or make a correction, please feel free to post your response in the comments section below. I invite you to read my Debt Relief Company and Site Review Policy first.

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  • Wil

    Interesting information about Robert Carpenter and Scott Rister.

  • http://Website Don

    Steve,
    These guys are full of it. Anybody signing up with them after reading their terms of service & disclaimer is crazy.

    TERMS OF USE

    PLEASE READ THE FOLLOWING TERMS CAREFULLY.
    SCROLL AS NEEDED

    The materials located on this Website (the “Site”) are provided by Capital Protection Group Inc. (hereinafter referred to as “CPG”), as a service to Clients to provide training and service with regard to negotiating with your creditors, as well as provide access to training materials with regard to how to repair/restore your credit.

    By using this Site, you agree to these terms contained herein. If you do not agree to these terms, do not use the Site or download any materials from it.

    By using this Site, you certify that you are at minimum, thirteen (13) years of age or older. Any individuals under the age of thirteen (13) years will require a written, executed Release from their parents before using this Site or posting any messages. This is in compliance with the Children’s Online Privacy Protection Act of 2000 (COPPA).

    1. Acknowledgement and Acceptance of Terms of Use

    CPG offers our services only with respect to disputed debts, and not to debts that legitimately require payment by Clients. CPG’s services are offered to you, conditioned upon your acceptance, without modification, of the terms, conditions, and notices contained in this Agreement and upon any operating rules, policies, and procedures that may be published from time to time by CPG on this Site (collectively known as the “Terms”). The following additional terms govern your access to, and use of, the service. Your use of the service constitutes your agreement to all such Terms.

    Unless explicitly stated otherwise, the Terms will govern the use of any new features that augment or enhance the current services, including the release of new CPG resources and services. In case of any violation of these rules and regulations, CPG reserves the right to seek all remedies available by law and in equity for such violations.

    2. Privacy Policy

    Information collected by CPG about users will be treated in accordance with our Privacy Policy.

    3. Modifications to the Service

    CPG reserves the right to modify or discontinue all or part of the service, temporarily or permanently, with or without notice to Client, and is not obligated to support or update the service. The amended Terms shall be effective immediately after they are initially posted on the Site. Client’s continued use of the service after the posting of the amended Terms on the Site constitutes Client’s affirmative: (a) acknowledgement of the Terms and its modifications; and (b) agreement to abide and be bound by the Terms, as amended. Client acknowledges and agrees that CPG shall not be liable to Client or any third party in the event that CPG exercises its right to modify or discontinue all or part of the service.

    4. Modification of Client Rates

    CPG reserves the right, in its sole discretion, to change Client pricing upon thirty (30) days notice.

    5. Charges

    By electing to purchase subscription-based services, you warrant that all information you submit is true and accurate (including, without limitation, your credit card number and expiration date) and you agree to pay all subscription fees you incur plus all applicable taxes.

    6. Payment

    CPG reserves the right to suspend or terminate your service account without notice upon rejection of any card charges or if your card issuer (or its agent or affiliate) seeks return of payments previously made to CPG when CPG believes you are liable for the charge. Such rights are in addition to, and not in lieu of, any other legal rights or remedies available to CPG.

    7. Links

    Links provided on this site are provided solely as a convenience to you and the provision of any such link does not constitute our endorsement of that site or its provider or of any of the content, products, or services contained or offered therein. Your use of each of those sites is subject to the conditions, if any, that each of those sites has posted. You agree that we are not responsible for the accuracy, copyright compliance, legality, decency, or any other aspect of the contents, products, services or any transmissions received through such sites. You further agree that we have no liability whatsoever from such third party sites and your usage of them.

    8. Intellectual Property Rights

    Client acknowledges that content, including but not limited to policy information, text, software, music, sound, photographs, video, graphics, the arrangement of text and images, commercially produced information, and other material contained on the Site or through the service (“Content”), is protected by copyright, trademarks, service marks, patents or other proprietary agreements and laws and Client is only permitted to use the Content as expressly authorized by CPG. These Terms do not transfer any right, title, or interest in the service, Site or the Content to Client, and Client may not copy, reproduce, distribute, or create derivative works from this Content without express authorization by CPG. Client agrees not to use or divulge to others any information designated by CPG as proprietary or confidential. Any unauthorized use of any Content contained on the Site or through the service may violate copyright laws, trademark laws, the laws of privacy and publicity, and communications regulations and statutes. EXCEPT AS SPECIFICALLY PERMITTED HEREIN, NO PORTION OF THE INFORMATION ON THE SITE MAY BE REPRODUCED IN ANY FORM, OR BY ANY MEANS, WITHOUT PRIOR WRITTEN PERMISSION FROM CPG. CLIENTS ARE NOT PERMITTED TO MODIFY, DISTRIBUTE, PUBLISH, TRANSMIT OR CREATE DERIVATIVE WORKS OF ANY MATERIAL FOUND ON THE SITE FOR ANY PUBLIC, PERSONAL OR COMMERCIAL PURPOSES.

    9. Single Copy License

    The materials at this Site are copyrighted and any unauthorized use of any materials at this Site may violate copyright, trademark, and other laws. You may download one copy of the information or materials found on CPG’s website on a single computer for your personal, non-commercial internal use only, unless specifically licensed to do otherwise by CPG in writing or as allowed by any license terms which acquired by CPG or are provided with individual materials. This is a license, not a transfer of title, and is subject to the following restrictions. You may not:

    Modify the materials or use them for any commercial purpose, or any public display, sale or rental;
    Decompile or disassemble materials, except and only to the extent permitted by applicable law;
    Remove any copyright or other proprietary notices from the materials;
    Transfer the materials to another person. You agree to prevent any unauthorized copying of the materials.

    10. Disclaimer

    The materials on this Site are intended for informational purposes only. Since we are not attorneys, the materials on this Site are neither intended to be, nor should they be interpreted as, legal opinion or advice. The reader should not consider this information to be an invitation to a client relationship, nor should the reader rely on the information presented on this Site for any purpose, and should always seek the legal advice of counsel in the appropriate jurisdiction.

    This Site states that “you can pay just 10% of your debt back”. This is not a guarantee. This Site states “eliminate your debt”. This is not a guarantee. This Site states “eliminate most of your unsecure debt”. This is not a guarantee. This Site states that “come of the creditors you wont pay back anything”. This is not a guarantee. We do not deal with borrowers having secured credit accounts. It is our GOAL to help the Clients negotiate with their unsecured creditors so that said creditors will accept just a fraction of what is owed. It is our GOAL to give access to techniques on how the client can repair their own credit. However, these statements ARE NOT PROMISES. This is a “best efforts” service only and we do not guarantee positive outcome or future results. Savings is based upon balance owed at time of settlement and excludes fees for services rendered. Individual results may vary and are dependent upon such factors as creditor cooperation and the ability to save funds. CPG does not assume any responsibility for accuracy in computing the savings (using the calculator function available on the Site) for Clients using our services. CPG does not assume or pay any debt, and does not provide legal advice. CPG neither acts as your attorney nor replaces your attorney. CPG does not appear in court on your behalf. CPG cannot take the place or supersede the services of a local attorney; it merely supplements your efforts if you have local representation. CPG will not indemnify Clients in case their credit card companies sue Clients, despite CPG’s efforts to avoid litigation. Clients should note that debt settlement may negatively impact credit ratings. Nonpayment of debt may increase interest or fees and cause collection activity, including possible litigation. Read and understand contract terms.

    CPG utilizes contracted Sales Personnel to market its services/product. CPG will be bound only by the Terms stated in the Client Agreement and not by or upon any other oral assurances provided by Sales Personnel. CPG acknowledges that the testimonials on the website are performed by actors and are based on projected results of CPG techniques.

    CPG will enter into contract(s) with attorneys by providing them with the details of your case, and will use their services for negotiations in those States where law stipulates the use of attorneys in debt/creditor negotiations. In such instances, CPG will not be liable for any damages or losses caused to the Client due to the acts of said attorneys.

    MATERIALS ARE PROVIDED “AS IS”, WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND, INCLUDING WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE.

    CPG further does not warrant the accuracy, guarantee or completeness of the information, text, graphics, links, comparison table with other programs or other items contained within these materials, none of which should not be construed as legal advice. CPG may make changes to these materials, or to the products described therein, at any time without notice. CPG makes no commitment to update the materials.

    11. Limitation of Liability

    As a condition of use of the service, and in consideration of the services provided by CPG, Client agrees that neither CPG, nor any officer, affiliate, director, shareholder, agent, contractor or employee of CPG will be liable to Client or any third party, for any direct, indirect, incidental, special, punitive, or consequential loss of profits, loss of earnings, loss of business opportunities, damages, expenses, or costs resulting directly or indirectly from, or otherwise arising in connection with the service, Site or Content, including, but not limited to, any of the following:

    Reliance: The use of the service by the Client, including, but not limited to, damages resulting from or arising from Client’s reliance on the service, or the mistakes, omissions, interruptions, errors, defects, delays in operation, non-deliveries, misdeliveries, transmissions, eavesdropping by third parties, or any failure of performance of the service;
    Termination: The termination of the Client’s use of the service by CPG pursuant to these Terms;
    Infringement: Any allegation, claim, suit, or other proceeding based upon a contention that the use of the service or the Site by a Client or a third party infringes or misappropriates the copyright, patent, trademark, trade secret, confidentiality, privacy, or other intellectual property rights or contractual rights of any third party;
    Force Majeure: Any delay or failure of CPG to perform due to government restriction, strikes, war, any natural disaster or any other condition beyond CPG’s control.
    The limitations set forth in this section apply to the acts, omissions, negligence, and gross negligence of CPG and its affiliates, contractors, subcontractors, officers, directors, shareholders, managers, employees, and agents, which, but for this provision, would give rise to a course of action in contract, or any other legal doctrine.

    EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THESE TERMS, CPG SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, SPECIAL, MULTIPLE, OR CONSEQUENTIAL DAMAGES, RESULTING FROM THE USE OR THE INABILITY TO USE CPG’S SERVICES, OR FOR THE COST OF PROCUREMENT OF SUBSTITUTE SERVICES, OR RESULTING FROM ANY SERVICES PURCHASED OR OBTAINED OR TRANSACTIONS ENTERED INTO THROUGH THE SITE OR RESULTING FROM UNAUTHORIZED ACCESS TO, DELETION OR ALTERATION OF CLIENT’S TRANSMISSIONS OR DATA OR FAILURE OF THE SITE TO STORE CLIENT’S TRANSMISSIONS OR DATA, INCLUDING BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, USE, DATA OR OTHER INTANGIBLE PROPERTY, EVEN IF CPG HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE ENTIRE LIABILITY OF CPG AND YOUR EXCLUSIVE REMEDY WITH RESPECT TO THE USE OF THE SITE AND THE SERVICE OR ANY BREACH OF THIS AGREEMENT ARE LIMITED TO THE AMOUNT ACTUALLY PAID BY YOU FOR ACCESS TO AND USE OF THE SERVICE. YOU HEREBY RELEASE CPG FROM ANY AND ALL OBLIGATIONS, LIABILITIES AND CLAIMS IN EXCESS OF THIS LIMITATION.

    SOME JURISDICTIONS DO NOT ALLOW THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES UNDER CERTAIN CIRCUMSTANCES; CONSEQUENTLY, SOME OF THE ABOVE LIMITATIONS MAY NOT APPLY TO CLIENTS, IN WHOLE OR IN PART.

    12. No Resale

    Client agrees not to reproduce, duplicate, copy, sell resell, exploit or make any commercial use of or access to the service, without the express written consent of CPG.

    13. Lawful Use

    Client agrees that use of the Site is subject to all applicable Federal, State, and Local laws and regulations, and that Client is solely responsible for the contents of its communications through the service. Client agrees that he/she shall not distribute or facilitate distribution of any content, including but not limited to text, communications, software, images, sounds, data, or other information that:

    is unlawful, threatening, abusive, harassing, defamatory, libelous, deceptive, fraudulent, invasive of another’s privacy, tortuous, contains explicit or graphic descriptions or accounts of sexual acts (including but not limited to sexual language of a violent or threatening nature directed at another individual or group of individuals), or otherwise violates CPG’s rules or policies;
    victimizes, harasses, degrades, or intimidates an individual or group of individuals on the basis of religion, gender, sexual orientation, race, ethnicity, age, or disability;
    infringes on any patent, trademark, trade secret, copyright, right of publicity, or other proprietary right of any party;
    constitutes unauthorized or unsolicited advertising, junk or bulk email (also known as “spamming”), chain letters, facsimiles, any other form of unauthorized solicitation, or any form of lottery or gambling;
    contains software viruses or any other computer code, files, or programs that are designed or intended to disrupt, damage, or limit the functioning of any software, hardware, or telecommunications equipment or to damage or obtain unauthorized access to any data or other information of any third party; or
    impersonates any person or entity, including any of our employees or representatives.

    14. Indemnification

    Client will defend, indemnify and hold harmless CPG and its affiliates, directors, officers, employees, proprietors, independent contractors, consultants, partners, shareholders, representatives, customers, agents, predecessors, successors, and permitted assigns from and against any claim, suit, demand, loss, damage, expense (including reasonable attorneys’ fees and costs) or liability that may result from, arise out of or relate to:

    acts or omissions by Client arising out of or in connection with this agreement;
    intentional or negligent violations by Client of any applicable laws or governmental regulation;
    contractual relations between the Client and a third party; or
    infringement of intellectual property rights including, but not limited to, rights relating to patent and copyright.
    Client acknowledges that CPG has no control over the content of information transmitted by Client or Client’s customers and that CPG does not examine the use to which Client or Client’s customers put the service or the nature of the information Client or Client’s customers send or receive. Client hereby indemnifies and holds harmless CPG, its stockholders, officers, directors, employees and agents from any and all loss, cost, damage, expense, or liability relating to or arising out of the transmission, reception, and/or content of information of whatever nature transmitted or received by Client or Client’s users.

    15. Access to Password Protected/Secure Areas

    Access to and use of password protected and/or secure areas of the Site is restricted to authorized Client only. Unauthorized individuals attempting to access these areas of the Site may be subject to legal action including prosecution.

    16. Termination

    CPG may terminate the access to this service at any time if you are in breach of the Terms of this agreement. Upon termination, you will immediately destroy any materials of which you are in possession.

    17. Severability

    In the event that any provision of the Terms shall, in whole or in part, be determined to be invalid, unenforceable or void for any reason, such determination shall affect only the portion of such provision determined to be invalid, unenforceable or void, and shall not affect in any way the remainder of such provision or any other provision of the Terms. CPG’s failure to act with respect to a breach by Client or others does not waive its right to act with respect to subsequent or similar breaches.

    18. Confidentiality

    Through use of the service and/or Site, the Client and CPG may disclose or make available to each other, confidential information in connection with the debt/activities contemplated hereunder. Both parties agree that during the term of this agreement and thereafter:

    each shall provide at a minimum, the same care to avoid disclosure of unauthorized use of confidential information as is provided to its own similar information, but in no event less than a reasonable standard of care;
    each will use confidential information belonging to the other solely for the purposes of this agreement; and
    each will not disclose confidential information belonging to the other party, to any third party (other than its employees and/or consultants reasonably requiring such confidential information for purposes of this agreement who are bound by obligations of nondisclosure and limited use at least as stringent as those contained herein) without the express prior written consent of the other party. Each party will promptly return to the disclosing Party, upon request, any confidential information of the other party.
    CPG will not monitor, edit, disclose, sell, rent, license, exchange, or release any of your personally identifiable information without your explicit consent unless CPG has reason to believe that disclosing this information is necessary:

    to conform to the edicts of law or comply with legal process served on CPG;
    to prevent injury to or interference with (either intentionally or unintentionally) CPG rights or property, other CPG Clients, or anyone else who could be harmed by such activities; or
    to act under exigent circumstances to protect the personal safety of the Clients or the public. If CPG transfers assets or has any change in control, user information may be transferred to the entity that acquires such assets or control of CPG.

    19. Governing Law

    These Terms shall be governed by and construed in accordance with the laws of the State of Texas without regard to its choice of law provisions. Client hereby consents to personal jurisdiction by the State and Federal courts located in Texas. These Terms and any modifications hereto constitute the entire agreement between the parties with regard to the subject matter hereof and supersede all prior understandings and agreements, whether written or oral, as to such subject matter. Nothing contained in these Terms shall be deemed to constitute either party as the agent or representative of the other party, or both parties as joint ventures or partners for any purpose.

    PLEASE PRINT A COPY OF THIS AGREEMENT FOR YOUR RECORDS

    • http://GetOutOfDebt.org Steve Rhode

      Don,

      Good find. I did have to laugh at “CPG reserves the right to modify or discontinue all or part of the service, temporarily or permanently, with or without notice to Client, and is not obligated to support or update the service.”

      Steve

      • Wil

        Interesting information about Robert Carpenter and Scott Rister.

  • Where to start

    John,

    Having your account charge off is NOT some magic benefit derived from a dispute letter. It is a normal function that will happen with/without a letter written by a consumer or anybody else.

    Obtaining settlements from creditors, their assignees, or debt purchasers are as available, and at the same reduced rate, without a magical dispute letter or any other magical bean that may be sold to an unwitting consumer.

    Your comment appears to imply that “charge off” makes the debt go away or that the creditor will no longer attempt to collect and a consumer is free of the debt. Nothing could be further from the truth. It is likely that the problems have only just begun after charge off.

    Settlement for less than the balance is simply the creditor making an effort to lose the least on a defaulted account, matched with the consumers ability to fund the offer.

    Settlements for 20% or less are the exception, not the rule. They do happen, but are creditor specific and also situational.

    If CPG offers settlement services (which appears to be what is highlighted by them), there is absolutely no need to associate the service with magic beans.

    CPG loses credibility by doing so and also risks increased regulatory scrutiny with claims of this nature.

  • Robert Carpenter

    Mr Rhode, I appreciate all you input about the CAPITAL PROTECTION GROUP. Per your input I have actually updated my site in a couple of places. We are an honest company running an honest service. As a businessman you can appreciate the difference between website advertising and actual TERMS and CONTRACTUAL AGREEMENTS.

    What I don’t appreciate is some of the assertions that make us appear that we are not honest businessmen. See my list below of my concerns.

    ASSERTION: This appears to be the address of a shared office space from Intelligent Office

    YES, we have an office space that is part of an executive suite office. Lots of businesses do that.

    ASSERTION: Company appears to be tentatively named Dallas Prosper and then changed the name to Capital Protection Group

    NO, Dallas Prosper was contracted to help set up some things. Capital Protection Group was never “tentatively” named something

    ASSERTION: We are newly incorporated

    YES, we are newly incorporated but these techniques have been used by the attorneys who helped us set up this program for years. The testimonials are based on clients who have had success with these techniques.

    ASSERTION: Picture on the contact us section was photoshopped

    YES, many companies put pictures on their site like this. I have removed it though to make sure not to appear dishonest. We are an honest company providing an honest service

    ASSERTION: Possibly related to StateCapitalFinancialGroup.com…

    NOT TRUE. Captital Protection Group and RAY SCOTT RISTER (yes, he just goes by Scott Rister) have nothing to do with this other company. Factually incorrect. What can I do to prove this to you? Myself and Ray Scott Rister did run 800 BUY KWIK together for years and I know for sure that he was never involved in that other company. Ray Scott Rister was the founder of FIND MOTIVATED SELLERS. He did start a bankruptcy in 2007 due to a divorce but never did finish the bankruptcy. But he is 100% for sure not this other Scott Rister associated with that other company. For sure for sure for sure.

    Other points

    I HAVE UPDATED the comparison table to put CHAPTER 13. We do mention this in the TERMS.html page but I went ahead and updated it on the page. It is a fact that most people no longer qualify for chapter 7 and that chapter 13 is a pain to deal with and very expensive and very few people actually get through it without giving up

    ASSERTION: Cleaner seems to be a violation of the Credit Repair Organizations Act

    NOT TRUE. Here is what the site says:
    Step 4 in the Capital Protection Group system is THE CLEANER which will give our clients access to the techniques used to raise their credit scores. There is no doubt about it that after you are done settling your debts that your credit reports will be in shambles. No fear because THE CLEANER is here. Having access to a knowledge base of how to handle the credit bureaus is very valuable information.

    Steve, all we are doing is giving the client a knowledge base and letting them deal with the credit bureaus on their own

    THERE IS ALSO A DISCLAIMER on the site:
    Individual results may vary and are dependent on successful completion of program and ability of client to provide negotiation settlement amount when required by creditor. Capital Protection Group does not assume or pay any debt, nor does it provide legal advice. Capital Protection Group DOES offer access to a knowledge base about self-service credit repair methods but DOES NOT perform credit repair for clients. Program not available in all states. Read and understand contract terms before enrolling.

    ASSERTION: That we are using the friendly lien method.

    NO, We are not using that method. We did look at that method at one point but decided not to use it due to it being bad for the client. Your assertion is just unfair regardless of some posting from months ago. WE ARE NOT USING THAT METHOD!!!

    ASSERTION: Some attorney got sued for using the same techniques

    I have no idea if that is true. I would assume that at least once that TRADITIONAL DEBT SETTLEMENT COMPANIES has been sued. I would assume that at least one bankruptcy attorney has been sued. YES, lawsuits do happen and will happen but your assertion is somehow that all my clients will fail at this program and that they will all sue me. NOT TRUE.

    ASSERTION: Testimonials are actors

    YES, the testimonials are read by actors. Most companies do this. We do reference this in our website disclaimers. The techniques that the CAPITAL PROTECTION GROUP uses are not new. Thousands of clients have used these techniques through attorneys or other companies for years. And many or most have had great success.
    In response to your input I am contacting the actual clients and having them do their own testimonies. Those testimonies will be posted in a few days.

    Mr. Rhodes, I don’t mind being examined or criticized. In fact, I appreciate any input from anyone on how I can make my product or website better. What I don’t appreciate is you lumping me in with other “dishonest” individuals or companies that I have no associations with. I also don’t appreciate you lumping my methods in with other methods which we are not using.

    We provide an honest service for clients who simply cannot afford the traditional debt settlement route (which you have to admit is very expensive) and don’t want to sit around and do nothing. We have a BEST EFFORTS CONTRACT that assists the clients in helping them send letters to their creditors wanting full verification of the charges. What has been our experience is that the banks and creditors have so many people behind on their payments that our clients become the “tough ones to deal with” and the creditors are charging those debts off.

    On the client contract we do mention that its possible that they get sued and that its possible that they get garnished. Traditional Debt Settlement companies do the same thing on their contracts and some of their clients get sued and garnished. Our program is a 2 year program. We tell our clients to save 20% of their debt over 20 months so that they have some money to settle at that point. WE DO NOT HOLD ANY FUNDS. What we have found with this method of disputing the charges is that many of the creditors after 20 months have charged the debt off and moved on. The remaining creditors can then be negotiated with that 20% the client has saved. Over the 2 year period all we are saying is that this method will be more successful in paying LESS BACK than traditional debt settlement or Chapter 13. We all know that the majority of people who start up TRADITIONAL DEBT SETTLEMENT or CHAPTER 13 NEVER FINISH!! They end up getting sued just like its possible that our clients get sued. In the long run we tell our clients that they do need to pay back some of the money they owe. We all know that many clients end up not doing this do to financial situations and that is too bad for everyone.

    Again, I appreciate your input and I hope you reconsider your posting and at least delete some of the assertions which make us look dishonest.

    All we want to do is help our clients. And yes, at the same time make a profit. IT’S A WIN WIN for everyone and our techniques and methods work for most clients if the client does their part. I am a Christian man and don’t want to cheat anyone. WE PROIVDE AN HONEST SERVICE FOR AN HONEST PRICE. ITS THAT SIMPLE.

    Steve, again, I do appreciate your review and anything that we can do to make our service or company improve for my clients then I am all for that.

    Sincerely,
    Robert Carpenter
    President of the Capital Protection Group
    Irving, TX

    • http://GetOutOfDebt.org Steve Rhode

      Robert,

      Thank you for your response. I think it certainly gives people a clear answer to items you felt were not correct. So glad you abandon the frienly lien approach.

      Thanks for clarifying matters.

      Steve

    • http://GetOutOfDebt.org Steve Rhode

      Robert,

      Sorry for the short response before, I’m out on a motorcycle trip at the moment.

      I did just strike through the name of the company you say your Rister is not associated with and the complaint that went with that company.

      You also said the name of the company was never anything different but here is were I got confused. The voiceover job posting said “I am reposting this job. I have redone the script (again) and will be emailing you the new script. I have gone back to naming the company THE CAPITAL PROTECTION GROUP” and the comments for other doing work on the project said. ” It is a pleasure to work with Dallas Proper! Robert Carpenter is an excellent manager. I look forward to working with Mr. Carpenter in the future” and “Robert of Dallas Prosper is a perfect professional buyer. It was very lively to work with him. I would love to work with him again.”

      Steve

  • Frances Vallerie

    I have personally known RAY SCOTT RISTER (the one who works with the Capital Protection Group)for years and he is not this other Scott Rister you are referring to. I am glad his name was not John Smith or no telling what you would have posted. I am sure there is a John Smith out there somewhere who has been to prison….you could print that then.

    I guess in the world of blogging people can say just about anything and get away with it.

    I dont know if what you have written is slander but it sure sounds like it.

    • http://GetOutOfDebt.org Steve Rhode

      Confusing. The Scott Rister with CPG is working with Robert Carpenter, the partner of Scot Rister in those others companies. So just to be clear, you are saying there are two companies run by two different pair of guys named Scot Rister and Robert Carpenter, right?

      You didn’t say which facts were incorrect other than your assertion that I had the wrong Scot Rister, Robert Carpenter pair. Also, I didn’t see the upload of the client contract for me to review. Did you upload it for me?

      Steve

    • http://GetOutOfDebt.org Steve Rhode

      Frances/John,

      Just to help others avoid confusion, I asked Frances about uploading the contract John said he had since the comments from Frances and John came from the same ip address. Are you two different people using the same Internet connection? Frances, if so, please pass the message on to John for me.

      Steve

  • John Franklin

    This review is not a fair assessment of the Capital Protection Group. The Capital Protection Group is an honest company doing an honest service. If you could see the client agreement you would see that no promises are made as far as settlement amounts but that a BEST EFFORTS approach is promised. Many people using these techniques are getting below 20% settlements and many of the creditors are just charging off the debt instead of fighting the dispute letters.

    I personally have used these exact techniques through an attorney. And they work!!!! MY CREDITORS CHARGED OFF almost all the debt after a couple of years!!!!

    You see, ff a creditor keeps receiving dispute letters (as long as they are designed by an attorney and not made by the client) then many times the creditors will just give up on that debt and do a CHARGE OFF.

    Also, the Scott Rister that is associated with the Capital Protection Group is not the same Scott Rister that is mentioned in this article. Many of the assumptions and conclusions and facts in this article are just not correct.

    The techniques of disputing credit card charges is not new. Attorneys have been helping their clients do this for years. The Capital Protection Group is just bringing these ideas to the marketplace at a very good price.

    Hooray for the CAPITAL PROTECTION GROUP!!!

    • http://GetOutOfDebt.org Steve Rhode

      Thanks for the comment.

      I’d like to research again any points you feel are not correct. Can you please let me know which ones you specifically feel are not correct?

      Since you seem to have a copy of the client contract, can you please upload it here for me to review so I can verify your claims?

      You seem to know Scott Rister, if I got the wrong one, where are you saying Scott Rister is out of then?

      Thanks for your help.

      Steve

  • Where to start

    There are so many red flags brought out in this review I do not know where to start.

    I suppose I can keep myself confined to the “Reservoir Dog”-like description they use for the process.

    Silencer:
    This is how we can dramatically increase the likelihood that your creditors will sue you.

    Fighter:
    Sounds like what Hess Kennedy/CLC did by sending in balance dispute letters to creditors-which got them sued. Hess was sure this would get dramatically better settlement results than industry norms. Hess is now disbarred.

    Negotiator:
    There is a reason no one in the industry touts this kind of result. It is categorically not realistic and a good way to paint a regulatory bulls-eye on your back.

    Cleaner:
    The bulls-eye just got bigger.

    This company having just formed and opened its doors in 2010 (we are 6 weeks in), is already closed. They just may not know it yet…

    What a flippin joke.

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