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Credit Answers Hides Behind DMI Mailer to Consumers

Thanks to a great tipster (send in your tips here) I received a mailer that was sent to consumers. The envelope looks official and comes from:

DMI
6200 Tennyson Parkway Suite 200
Plano, TX 75024

Credit Answers Hides Behind DMI Mailer to Consumers

The letter inside is the first mention of Credit Answers in the small print on the bottom. It is also the first place we learn that DMI stands for Debt Mediation Initiative.

Of real concern to me is the sentence:

Once your credit cards have been renegotiated and settled, all three major credit bureaus are to be notified by your creditor that your debt has been satisfied and paid in full for less than the total balance.

The problem with that information is that it gives the consumer the possible perception that creditors report to all three credit bureaus, which they do not, and that the service will only improve the credit. In fact, that part of the debt settled will appear as a bad debt and the process of settling will result in a negative credit history of delinquency.

Credit Answers Hides Behind DMI Mailer to Consumers

The letter encloses the following catalog that is the first prominent mention of Credit Answers.

Credit Answers Hides Behind DMI Mailer to Consumers

Credit Answers Hides Behind DMI Mailer to Consumers

Credit Answers Hides Behind DMI Mailer to Consumers

Credit Answers Hides Behind DMI Mailer to Consumers

Credit Answers Hides Behind DMI Mailer to Consumers

The catalog also has the IAPDA logo on the back and the Goldline Research logo which is not what it seems and means little to nothing.

Credit Answers Hides Behind DMI Mailer to Consumers
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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • D E Hunter

    Today I received a letter from a company named DMI are them for real or scammers? I saw your article.

    D. Hunter Des Moines, Washington

  • Wslifesolutions

    I wonder how they decide who to mail their “catalog” to because I don’t have any debt issues. A follow-up letter to their catalog estimates $30,001-$40,000″ in debt that I do not have.  Are they just mailing randomly trying to hook people who are in trouble?  And that’s legal to deceive people?

  • Brendasalzano

    I have shared this on facebook and twitter.  I am disgusted with this company’s tactics.  They continue to send me this same letter even after I wrote them and told them to stop.  

  • Beckere83

    I am getting these letters sent to me with my ex’s name on it… he has not lived with me since 2 years ago AND 3 addresses ago. How do I get them to stop??? 

    • http://GetOutOfDebt.org Steve Rhode

      You could try calling them.

      • Mark Aurelius

        What does calling DMI do?
        1. gives them another phone number for you
        2. links your number to other illicit data-mining these criminals engage in
        3. gives your telco or cell provider the same information about your calling patterns
        4. makes the thugs at DMI laugh

      • http://GetOutOfDebt.org Steve Rhode

        If calling is not an option then how about following these suggestions?

  • Khiller15

    Thank you for the heads up on this! I received my “Final Notice” they call it today.

  • Khiller15

    Thank you for the heads up on this! I received my “Final Notice” they call it today.

  • Kimarkp

    Do you know anything about In Charge Debt Solutions or Debt Reduction Sevices (Freedom Debt Relief)?  Who is your top recommendation for a Debt Consolidation loan?

    K.P.

  • Kimarkp

    Do you know anything about In Charge Debt Solutions or Debt Reduction Sevices (Freedom Debt Relief)?  Who is your top recommendation for a Debt Consolidation loan?

    K.P.

  • Scrub Me Nuts

    http://www.bbb.org/dallas/busi

    Nice BBB score — F!

  • Scrub Me Nuts
  • Jason Taylor

    What is up with the various “Silver” and “Gold” plans? They need to call the Titanium plan the “Your getting sued plan”

  • Jason Taylor

    What is up with the various “Silver” and “Gold” plans? They need to call the Titanium plan the “Your getting sued plan”

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