I Was Scammed by Express Debt Settlement Holdings, Coastal Credit Solutions, Simon and Bocksch, and Noteworld. – Kevin

Steve Rhode
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March 11, 2010

“Dear Steve,

My wife signed me up for Express Debt Settlement Holdings Inc without my signature or knowledge in Sept.. By the time I found out it was past the 30 days to cancel. I started expressing concerns to the number she had for the person who claimed to be in charge of our account but he was just a sign up person for Coastal Credit Solutions..

He told me many lies and claimed they would soon have enough money in my account to make a settlement. Well we got served with a summons by one of our creditors the end of Feb. I started checking and found out they had taken all the money out of my Noteworld account for fees and hadn’t contacted a single creditor.

Well I went on the attack big time. I started calling all the parties (Coastal, Express, Noteworld, and Simon and Bocksch Law firm and emailing them with my concerns. I filed complaints with BBB and Attor Gen in MN, FL: and US. I contacted TASC and went to my bank and put a stop order on my auto debit and they put a reversal on the Feb and Jan payments. I pointed out that the contract my wife signed didn’t have the correct numbers for Express or Noteworld and was probably invalid.

I pointed out that MN has very strict laws on such companies and express might not be legal in MN. And that the Florida Att Gen was suing 2 companies with practices like this. I rattled the cages hard for a week and wham noteworld reversed the last 2 payments and Express is offering a full refund but my wife needs to sign a release.

If she sign this release saying she won’t sue or bad mouth them etc. , does that bind me from staying on the attack against them and other bad debt settlement companies?

Kevin”

Steve’s Answer:

Dear Kevin,

There are only a few companies licensed in MN to do debt settlement and none of the players you mentioned are licensed. They were apparently operating illegally. At the time I am writing this the only licensed debt settlement companies in Minnesota are New Era Group, Pacific Debt, and Freedom Debt Relief. Click here for the list.

It sounds like they want your wife to sign a wavier based on her account but you are the victim here and she can’t waive your rights.

There are a number of lawyers in Minnesota that specialize in consumer fraud cases and you should contact one of them before your wife signs anything. You may be able to sue all the players and recover additional funds. For a list of attorneys, click here.

What did TASC say, if anything, and were they helpful in resolving this issue at all?

I want you to keep me posted on this situation as it moves forward. Please keep me posted by posting updates in the comment section below.

Big hug.


@GetOutOfDebtGuy

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.


Source: I Was Scammed by Express Debt Settlement Holdings, Coastal Credit Solutions, Simon and Bocksch, and Noteworld. – Kevin

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  • Kevin Voltin

    I have an appopintment with a bankruptcy lawyer tomoorrow and will show him the release and see what he says. He has a partner that does other work also and will check with him if neccessary. I had one name wrong I think it is Coastal Debt Solutions. Thank you for your quick response. I will keep you posted. It is great to see people out there fighting this corrupt behavior by these companies!

  • http://www.noteworld.com NoteWorld

    You voluntarily elected to enter into a contract with a Debt Settlement Company (“DSC”) to assist you with a reduction of your debt. At or about the same time, it is likely that you also entered into an agreement with NoteWorld to initiate electronic debit entries from your bank account to satisfy the amounts payable under the terms of your contract with your DSC. NoteWorld offers consumers, who have chosen to use a DSC to help them manage their debt, a payment option for the secure handling of their money. By selecting NoteWorld as a vehicle for payment processing, consumers are assured that their money is being handled by an objective third party who is not involved in negotiating debt settlements with their creditors. A consumer may opt-out of the servicing arrangement at any time with instruction to NoteWorld. Upon receipt of such instruction, the consumer’s account is closed and all remaining funds, if any, held by NoteWorld are remitted back to the consumer within two (2) business days. At all times, NoteWorld undertakes these obligations as an independent and objective third-party and does not act as an agent for the DSC. Moreover, NoteWorld provides these services to consumers for a nominal fee of not more than $12.50 per month.

    NoteWorld is not a debt settlement company and did not enter into a contract with you to provide you with debt settlement services. As explained above, you likely signed an Automatic Withdrawal (ACH) Sign-Up Form authorizing and requesting that NoteWorld withdraw a specific sum of money from your bank account each month. Your Sign-Up Agreement was valid and NoteWorld adhered to your instructions pursuant thereto. You did not contract with NoteWorld to pay off your debts or provide any other debt settlement services. You simply engaged NoteWorld to process your monthly payments and to provide a safe and secure trust account for the money you voluntarily committed for the purpose of paying the debts you owed.

    Please make note of the fact that NoteWorld is licensed as a Money Transmitter in Minnesota. Since NoteWorld is not a debt settlement company, licensure as a Minnesota Debt Settlement Services Provider is not appropriate or required.

    If you would like to contact us directly, we would be happy to address any further concerns you might have regarding NoteWorld’s handling of your money. In addition, we would be happy to provide you with a full accounting of the monies that you voluntarily authorized NoteWorld to withdraw from your bank account.

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