Latest Posts
Home > Debt Relief Industry > Tipster Wants to Know What’s Going on With Debt Solutions Network

Tipster Wants to Know What’s Going on With Debt Solutions Network

Tipster Wants to Know Whats Going on With Debt Solutions NetworkA tipster (send in your tips here) sent in some concerns about Debt Solutions Network. Here is what they said:

“In fact, Debt Solutions Network is still charging an upfront fee across all 50 states. See attached client agreement. I accessed DSN through this site: originally calling into Debt Free America.

I’m wondering if they are licensed to do business in the states they claim to be.

Is this away for a non-profit to still try to charge upfront fees as a way around the TSR?

The $199 and the monthly administration fee of $39.95. This is even more disturbing, if DNS is providing the service than why is Harbor or Debt Free or American Payment Technologies charging monthly fees? Does DNS feel comfortable or are they aware that American Payment Technologies is charging this fee? Isn’t Harbor or Debt Free America the actual non-profit and not American Payment Technologies? So technically they would be in direct violation of the TSR. Even one step further, DSN could be in direct violation under section 310 of the TSR Facilitating and Assisting…they know of or avoid knowing…”

The agreement the tipster (send in your tips here) is referring to is here. And for the life of me I can’t figure out why the escrow company, American Payment Technologies is making a sales pitch in their material.

In fact if you look at the American Payment Technologies website it seems to not be just that of a disinterested third-party escrow company but appears to actively sell debt reduction services. It even claims in the same part of the website to be a third-party and stop collection calls and settle debts for pennies on the dollar.

Tipster Wants to Know Whats Going on With Debt Solutions Network

As a bit of a background. The website for the nonprofit DebtFreeAmerica.com is registered to:

American Payment Technologies
101 N Lynnhaven Rd
Suite 300-A
Virginia Beach, VA 23452
Ray Noftsinger, [email protected]

Ray Noftsinger was a past president of Harbour Credit Counseing Services which lost their non-profit status and became DebtFreeAmerica.com. – Source. He is listed as the president of American Payment Technologies. – Source

Debt Free America says they were formerly known as Harbour Credit Counseling. – Source. And call themselves a non-profit in their brochure. – Source

Debt Solution Network Responds

Well, how can Debt Solutions Network (DSN) respond to this well thought out, deliberate, fault finding challenge?

The first issue the “tipster (send in your tips here)” addressed was: Debt Solutions Network is not licensed, bonded and registered in any state.

Our response: May we ask the “tipster (send in your tips here)” questioning this to please supply us all with the list of states and their licensing, bonding and registering requirements?

Debt Solutions Network is compliant with all aspects and intent of the Federal Trade Commission’s (FTC) Telephone Sales Regulation (TSR) that was enacted in October 2010. Where Debt Solutions Network is aware of state licensing requirements and regulations, we are compliant; however, we also believe that no amount of licensing or regulation can control or regulate decency or make companies act good, and unfortunately, there will always be a few bad apples out there who are able to afford and obtain the “licensing” and “bonding” vague requirements, but find clever ways to circumvent the intent of the TSR.

Debt Solutions Network does not accept clients from following 15 states CO, GA, FL, HI, KS, MA, MO, NJ, NH, SC, IL, ID, VA, WV, WI, and WY.

Debt Solutions Network is a very, very small company. Last year, we enrolled less than 180 total customers. In fairness and humility, if DSN is violating the intent of any law, please let us know how so that it can be corrected immediately. As to the question, “Is DSN following every regulation and ordinance to the letter,” apparently, and according to the tipster (send in your tips here), we are not. Is that a reason to hang us out to dry? I guess the court of public opinion will be the final judge on that.

In the meantime, DSN will allocate as much time and resources as needed to find out what all these state licensing and bonding requirements are and attempt to comply with them one by one. Considering that in the past ten years, Debt Solutions Network has been providing Debt Settlement Services and has never had one single customer complaint to any Better Business Bureau, regulator or government official, I would hope if we are not compliant in any way, that we would be allowed to meet those requirements. As my colleague, Sean Ryan from Active Debt Solutions, points out, not even the regulators themselves were able to provide any guidance in this area. Obviously, this “tipster (send in your tips here)” can and, I believe, should.

Debt Solutions Network (DSN) was unaware of the “tipster (send in your tips here)’s” claims that our services were being advertised through debtfreeamerica.com as “the typical DRP customer averages a 50% reduction of the original debt and completes the program in an astounding 24 to 36 months!”

I’m glad this has been brought to our attention and we are taking the proper steps to correct that. This is simply a clerical error and old paperwork. This is an easy fix. Please check back in a week to see if that claim has been corrected. DSN has no affiliation with Debt Free America, no fee sharing arrangement, no nothing.

Lastly, the TSR does allow for escrow companies to charge monthly administration fees and a trust account set-up fee. Although DSN does recognize that American Payment Technologies’ (APT) fees are higher than those of Global Client Services and Noteworld Servicing Center, considering the extra services APT provides its customers, DSN is comfortable with the fees that the escrow company, APT is charging.

DSN’s clients have a choice between using Noteworld and APT for an escrow company. Many people choose APT because of the extra service and monthly statements that APT mails to its clients every month, something Noteworld doesn’t do, but DSN has been doing for over 10 years. DSN has been using APT for some of its customers for over five years. Additionally, DSN was the first company ever to use Noteworld as an escrow company for its clients back in 2001 and has been using Noteworld for over nine years now.

Dear Mr. Tipster, I question whether your concerns are truly for the debt-laden consumer, or just for the sake of fault-finding. In either case, I hope you feel that your issues were addressed. We appreciate your comments.

Sincerely,
Christopher Schornak
President, Debt Solutions Network, LLC
Toll Free 888-799-3652 x103
586-716-8711
Fax 586-716-2859

Tipster Wants to Know Whats Going on With Debt Solutions Network
Get Out of Debt Guy – Twitter, G+, Facebook

I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here.

Tipster Wants to Know What's Going on With Debt Solutions Network by

Share This and Spread the Word

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.
  • Debt Relief Advocate

    Sean, your question:

    I’m curious, as a debt relief advocate, who you are, what your interest in debt relief is & lastly, with the multitude of debt settlement companies who have harmed hundreds & thousands of consumers, why focus on a few that don’t carry that stigma?

    My Answer:
    This post is not about me. It is about identifying even those supposed “compliant” DS companies who are suppose to represent the consumers best interest are misleading consumers when they say they are licensed to do business in the states that they service in and are not.

    You may not agree with how I am bringing this to light, but do you agree with the information that I have provided?

    It is important to understand that there is value to the information that I am bringing to the table. It is even more important that companies who say they are operating compliantly to actually be compliant with state fee and licensing requirements. Stop taking this so personally, besides if you ever were investigated for no licensing, than at least you have the no complaint thing working in your favor…

    Let’s look at an example of why this is so important for the industry:

    If performance based companies get licensed and obide by the specific fee limitations in those states, who would be the only group of companies that are not getting licensed? (Keep in mind that some of the renewal processes within each state you would have to provide scripts, contracts, fees…etc.) The only ones not getting licensed are the non-compliant companies. There would be more weight behind organizations who are up to par with state guidelines to then approach additional states(as some would call the “red state”) to present the performance based fee model and how it is an effective model for adoption in their state.

    If more an more states adopted this method, it will push out more and more non-compliant companies. More so the Attorney based firms.

    Do you think Law Firms should still be able to charge an upfront fee or collect monthly fees?

    Should also law firms(we know the firms) that are “acting” as law firms still get licensed in required states?

    Okay, so let’s get back to the questions I still had for DSN.

    Because you are directly affiliated with APT and Debt Free America, do you really feel like it is a fair and reasonable fee to charge those hefty fee to a consumer for an escrow account? Besides, what kind of statements are these that APT provides? Are these statements lined with gold trim? Are you sure customers are aware of these high fees?

    And

    So, for DSN, which states are you truly servicing?
    A. these states: Debt Solutions Network does not accept clients from following 15 states CO, GA, FL, HI, KS, MA, MO, NJ, NH, SC, IL, ID, VA, WV, WI, and WY.(source:above)

    or

    B. What states do you provide services in?
    We provide services in all states except Virginia, New Hampshire, Vermont, Wisconsin, New Jersey and Illinois.-source:http://newaacc.org/29/debt-sol

    Chris, I will wait your reply…..

  • Debt Relief Advocate

    Sean, your question:

    I’m curious, as a debt relief advocate, who you are, what your interest in debt relief is & lastly, with the multitude of debt settlement companies who have harmed hundreds & thousands of consumers, why focus on a few that don’t carry that stigma?

    My Answer:
    This post is not about me. It is about identifying even those supposed “compliant” DS companies who are suppose to represent the consumers best interest are misleading consumers when they say they are licensed to do business in the states that they service in and are not.

    You may not agree with how I am bringing this to light, but do you agree with the information that I have provided?

    It is important to understand that there is value to the information that I am bringing to the table. It is even more important that companies who say they are operating compliantly to actually be compliant with state fee and licensing requirements. Stop taking this so personally, besides if you ever were investigated for no licensing, than at least you have the no complaint thing working in your favor…

    Let’s look at an example of why this is so important for the industry:

    If performance based companies get licensed and obide by the specific fee limitations in those states, who would be the only group of companies that are not getting licensed? (Keep in mind that some of the renewal processes within each state you would have to provide scripts, contracts, fees…etc.) The only ones not getting licensed are the non-compliant companies. There would be more weight behind organizations who are up to par with state guidelines to then approach additional states(as some would call the “red state”) to present the performance based fee model and how it is an effective model for adoption in their state.

    If more an more states adopted this method, it will push out more and more non-compliant companies. More so the Attorney based firms.

    Do you think Law Firms should still be able to charge an upfront fee or collect monthly fees?

    Should also law firms(we know the firms) that are “acting” as law firms still get licensed in required states?

    Okay, so let’s get back to the questions I still had for DSN.

    Because you are directly affiliated with APT and Debt Free America, do you really feel like it is a fair and reasonable fee to charge those hefty fee to a consumer for an escrow account? Besides, what kind of statements are these that APT provides? Are these statements lined with gold trim? Are you sure customers are aware of these high fees?

    And

    So, for DSN, which states are you truly servicing?
    A. these states: Debt Solutions Network does not accept clients from following 15 states CO, GA, FL, HI, KS, MA, MO, NJ, NH, SC, IL, ID, VA, WV, WI, and WY.(source:above)

    or

    B. What states do you provide services in?
    We provide services in all states except Virginia, New Hampshire, Vermont, Wisconsin, New Jersey and Illinois.-source:http://newaacc.org/29/debt-sol

    Chris, I will wait your reply…..

  • Chris Schornak

    Debt Solutions Network would like to make a correction in our response. Debt Solutions was NOT the first company to use Noteworld as an escrow service provider. Noteworld first started providing escrow services on or after February 2003. Debt Solutions Network came on board in August 2003. Our apologies.

  • Chris Schornak

    Debt Solutions Network would like to make a correction in our response. Debt Solutions was NOT the first company to use Noteworld as an escrow service provider. Noteworld first started providing escrow services on or after February 2003. Debt Solutions Network came on board in August 2003. Our apologies.

  • SeanDSLegalPlan

    Honestly, I don’t get it. You & I have been participating on this site for long time & we know what we stand for. I hate having to put a disclaimer on my career choice, but I suppose we will suffer that for more time to come.

    There are SO many bad companies out there that an advocate could expose for things like fraud! It’s so obviously someone with an ax to grind- And I will bet is the furthest thing from “debt relief advocate”.

    So- life goes on!

    Defensor Fortis

  • Mike Reilly

    Could this be an AACC member? Is New Era next? Why not go after the CCC’s who are members and play the results card? Where does the rubber meet the road?

  • SeanDSLegalPlan

    I’m curious, as a debt relief advocate, who you are, what your interest in debt relief is & lastly, with the multitude of debt settlement companies who have harmed hundreds & thousands of consumers, why focus on a few that don’t carry that stigma?

    Wouldn’t your time be better spent examining companies who are still charging up front fees, companies who use affiliates to sell their products & companies that will not release their contractual Terms & Conditions unless the consumer offers their bank account information?

    I am very vocal on this site & i know I am target because I am outspoken here. But I have nothing to hide. Our clients are actually satisfied with our work. We are not perfect and I am certain that if you dig deep enough you can find something where we have erred. But if you are a “debt relief advocate” why not go after the thousands of companies that are blatantly circumventing laws to take advantage of consumers?

    I don’t understand why we should take you seriously if you will not even reveal yourself, your debt relief experience or your agenda.

    I have no problem talking openly about my company or our process. That should be obvious by now. I say it’s your turn.

  • Debt Relief Advocate

    Really though? $199 set up fee and $39.95 monthly fees just for escrow services? Wouldn’t it be in the consumers best interest to pay around $9-$11 per month for their set aside accounts, rather then those hefty fees? It just seems to me that it would make better sense for the consumer to put more of those funds from those excessive fees and put it towards savings for settlement….

    Besides, what kind of statements are these that APT provides? Are these statements lined with gold trim? Are you sure customers are aware of these high fees? To me I would think these are just debt settlement fees being charged by a debt settlement company, since the entire agreement is using an APT logo at the top of every single page, that makes it look like APT is the settlement company. Especially after being pulled in by there super compliant advertising on the side of there site”stop harrassing collection calls”…. Last time I checked I think GCS or Noteworld have their own separate agreement so consumers can distinguish. So if you have no affiliation with DFA, where do those clients go when DFA signs them up?

    Do you at least send them credit counseling clients when those clients come directly to DSN? If so, are you being compensated for them? If Harbor lost their non-profit status, are they now a for-profit company, and are they licensed by each state, under their for-profit company name?

    So, for DSN, which states are you truly servicing?
    A. these states: Debt Solutions Network does not accept clients from following 15 states CO, GA, FL, HI, KS, MA, MO, NJ, NH, SC, IL, ID, VA, WV, WI, and WY.(source:above)

    or

    B. What states do you provide services in?
    We provide services in all states except Virginia, New Hampshire, Vermont, Wisconsin, New Jersey and Illinois.-source:http://newaacc.org/29/debt-sol

    If a consumer is looking for some assistance with there bills and were looking for help from a AACC member company, it may confuse them to see which states you are or are not doing business in.

    The bigger picture that everyone needs to see here, is that there are specific state regulations for debt settlement services. Whether you are big, small, no complaints, no investigations…etc it doesn’t matter, it doesn’t give anyone the right to be ignorant of state laws. Just my 2 cents, but especially if you have been doing DS for “the past ten years”, I would think that this would have been plenty of time to research and allocate resources to follow state guidelines.

    And as far as those state fee restrictions and licensing goes..

    I agree Sean, there are those classic examples of statute’s that were originally intended to regulate excessive credit counseling fees(like Florida) and then there are some statutes that are left for interpretation. States shouldn’t use clearly defined statutes for DS services just because they can when they need. If it is a state that clearly does not have a regulation for DS services, then they should. But isn’t it the responsibility for companies to make their best judgement and interpret those laws or hire an attorney to do so for them? The specific state departments and regulators are there to enforce those laws, not intrepret them for you.

    Florida was actually going to be one of those states that was going to introduce a DS regulation. And it had performance based fee language in it, the introduced Bill# CS/HB 311 called the Debt Relief Services Act. Unfortunately it died in the senate just before its effective date of January 10th, 2011. It was an unfortunate circumstance, companies would have been able to charge 40% of the savings at the time of settlement so long as it was not greater than 20% of the debt load, to me I think that is a little high but…

    So, I am only bringing this to light because companies are repesenting to consumers that they are compliant with regulations and laws, at the end of the day they are not. This has nothing to do about how long companies have been in business for, who did what first, complaints or no complaints. There are even ground rules to follow and if even the performance based DS companies are not following, what kind of an example is this setting?

  • Debt Relief Advocate

    Really though? $199 set up fee and $39.95 monthly fees just for escrow services? Wouldn’t it be in the consumers best interest to pay around $9-$11 per month for their set aside accounts, rather then those hefty fees? It just seems to me that it would make better sense for the consumer to put more of those funds from those excessive fees and put it towards savings for settlement….

    Besides, what kind of statements are these that APT provides? Are these statements lined with gold trim? Are you sure customers are aware of these high fees? To me I would think these are just debt settlement fees being charged by a debt settlement company, since the entire agreement is using an APT logo at the top of every single page, that makes it look like APT is the settlement company. Especially after being pulled in by there super compliant advertising on the side of there site”stop harrassing collection calls”…. Last time I checked I think GCS or Noteworld have their own separate agreement so consumers can distinguish. So if you have no affiliation with DFA, where do those clients go when DFA signs them up?

    Do you at least send them credit counseling clients when those clients come directly to DSN? If so, are you being compensated for them? If Harbor lost their non-profit status, are they now a for-profit company, and are they licensed by each state, under their for-profit company name?

    So, for DSN, which states are you truly servicing?
    A. these states: Debt Solutions Network does not accept clients from following 15 states CO, GA, FL, HI, KS, MA, MO, NJ, NH, SC, IL, ID, VA, WV, WI, and WY.(source:above)

    or

    B. What states do you provide services in?
    We provide services in all states except Virginia, New Hampshire, Vermont, Wisconsin, New Jersey and Illinois.-source:http://newaacc.org/29/debt-solutions-network

    If a consumer is looking for some assistance with there bills and were looking for help from a AACC member company, it may confuse them to see which states you are or are not doing business in.

    The bigger picture that everyone needs to see here, is that there are specific state regulations for debt settlement services. Whether you are big, small, no complaints, no investigations…etc it doesn’t matter, it doesn’t give anyone the right to be ignorant of state laws. Just my 2 cents, but especially if you have been doing DS for “the past ten years”, I would think that this would have been plenty of time to research and allocate resources to follow state guidelines.

    And as far as those state fee restrictions and licensing goes..

    I agree Sean, there are those classic examples of statute’s that were originally intended to regulate excessive credit counseling fees(like Florida) and then there are some statutes that are left for interpretation. States shouldn’t use clearly defined statutes for DS services just because they can when they need. If it is a state that clearly does not have a regulation for DS services, then they should. But isn’t it the responsibility for companies to make their best judgement and interpret those laws or hire an attorney to do so for them? The specific state departments and regulators are there to enforce those laws, not intrepret them for you.

    Florida was actually going to be one of those states that was going to introduce a DS regulation. And it had performance based fee language in it, the introduced Bill# CS/HB 311 called the Debt Relief Services Act. Unfortunately it died in the senate just before its effective date of January 10th, 2011. It was an unfortunate circumstance, companies would have been able to charge 40% of the savings at the time of settlement so long as it was not greater than 20% of the debt load, to me I think that is a little high but…

    So, I am only bringing this to light because companies are repesenting to consumers that they are compliant with regulations and laws, at the end of the day they are not. This has nothing to do about how long companies have been in business for, who did what first, complaints or no complaints. There are even ground rules to follow and if even the performance based DS companies are not following, what kind of an example is this setting?

    • Anonymous

      I’m curious, as a debt relief advocate, who you are, what your interest in debt relief is & lastly, with the multitude of debt settlement companies who have harmed hundreds & thousands of consumers, why focus on a few that don’t carry that stigma?

      Wouldn’t your time be better spent examining companies who are still charging up front fees, companies who use affiliates to sell their products & companies that will not release their contractual Terms & Conditions unless the consumer offers their bank account information?

      I am very vocal on this site & i know I am target because I am outspoken here. But I have nothing to hide. Our clients are actually satisfied with our work. We are not perfect and I am certain that if you dig deep enough you can find something where we have erred. But if you are a “debt relief advocate” why not go after the thousands of companies that are blatantly circumventing laws to take advantage of consumers?

      I don’t understand why we should take you seriously if you will not even reveal yourself, your debt relief experience or your agenda.

      I have no problem talking openly about my company or our process. That should be obvious by now. I say it’s your turn.

      • Mike Reilly

        Could this be an AACC member? Is New Era next? Why not go after the CCC’s who are members and play the results card? Where does the rubber meet the road?

      • Anonymous

        Honestly, I don’t get it. You & I have been participating on this site for long time & we know what we stand for. I hate having to put a disclaimer on my career choice, but I suppose we will suffer that for more time to come.

        There are SO many bad companies out there that an advocate could expose for things like fraud! It’s so obviously someone with an ax to grind- And I will bet is the furthest thing from “debt relief advocate”.

        So- life goes on!

        Defensor Fortis

  • SeanDSLegalPlan

    Good for you Chris. Truth be told the State legislation is very difficult to navigate. Nearly all state regulation is based on previous legislation written to control Consumer Credit Counseling companies. Some have simply added a definition to their regulations to include debt settlement. Most of the state laws were enacted before any federal laws for debt settlement services and at a time when the inmates were running the asylum. The federal rules governing this industry will hopefully weed out the bad apples in business to simply charge big fees and provide no services.

    There are bonding requirements in many states. The bonds cover an exposure which in my opinion doesn’t exist! They are there to to protect clients of Debt management and CCC companies where those companies actually take possession of clients funds before sending the funds to a creditor. That exposure does not exist in debt settlement since we legally have no care, custody or control over or clients money. We were actually told by one bond underwriter that they could not provide a bond since there is ZERO exposure to a loss in our case. Again, these state laws were crafted after a different kind of debt relief vehicle.

    At one estimate, with average credit, it could cost over $100,000 annually to bond a company in the states which appear to require them. Even though there is no exposure for that bond to ever be called. We wrote a group of states for their opinion on that issue & were basically blown off. One state did tell us that based on our model, the law did not seem to apply. There are many large companies who made their big bank accounts by charging fees before service. Most of those, I imagine can afford to place these unnecessary bonds. Having that bond does not imply or ensure that the company with the bond is a good company. It does not (in my opinion) even protect the companies client if their is no care custody or control over client funds.

    We, like you have placed a copy of our contract on our website for anyone to see. This “tipster” pointed out that our contract violates FL fee rules. We don’t have any FL clients but our fee can be changed (and has been) to conform with any state rule. By the way, the FL law is a great example of Debt Management laws being used to cover the Debt Settlement industry. Florida’s AG used it only once to shut down a company with over 1,000 complaints on the BBB.

    We do the best we can with what we have to work with. We have never charged up front for settlement. The “tipster” claims to be a consumer advocate but never once did he indicate that anything he found in his research led to any abuse or any consumer being placed in a service they didn’t need. If he is what he says he is, he would have no reason to report these things anonymously. I have been very vocal on this site so i am certain it’s most likely someone that does have something to hide trying to discredit a few good companies. Well, these few good companies place all of our information out there for world to see. Let the consumer decide who to buy from. I would purchase from your company, licensed or not. You’re not hiding anything and you have a system like ours where we have to earn our compensation.

    As always Chris, it has been my pleasure to know you. Before the federal law changed there were 3,000 debt settlement companies- At the same time there only about 10 DS companies who were paid AT settlement. I’m proud of the fact we are two them. We will continue to do good work as undoubtedly, you will, regardless of the ill will of the few to pick at us. I can lay my head on my pillow each night with a clear conscience. That’s the only real gage of a good company- doing good work for good reason. No one can change that.

  • Anonymous

    Good for you Chris. Truth be told the State legislation is very difficult to navigate. Nearly all state regulation is based on previous legislation written to control Consumer Credit Counseling companies. Some have simply added a definition to their regulations to include debt settlement. Most of the state laws were enacted before any federal laws for debt settlement services and at a time when the inmates were running the asylum. The federal rules governing this industry will hopefully weed out the bad apples in business to simply charge big fees and provide no services.

    There are bonding requirements in many states. The bonds cover an exposure which in my opinion doesn’t exist! They are there to to protect clients of Debt management and CCC companies where those companies actually take possession of clients funds before sending the funds to a creditor. That exposure does not exist in debt settlement since we legally have no care, custody or control over or clients money. We were actually told by one bond underwriter that they could not provide a bond since there is ZERO exposure to a loss in our case. Again, these state laws were crafted after a different kind of debt relief vehicle.

    At one estimate, with average credit, it could cost over $100,000 annually to bond a company in the states which appear to require them. Even though there is no exposure for that bond to ever be called. We wrote a group of states for their opinion on that issue & were basically blown off. One state did tell us that based on our model, the law did not seem to apply. There are many large companies who made their big bank accounts by charging fees before service. Most of those, I imagine can afford to place these unnecessary bonds. Having that bond does not imply or ensure that the company with the bond is a good company. It does not (in my opinion) even protect the companies client if their is no care custody or control over client funds.

    We, like you have placed a copy of our contract on our website for anyone to see. This “tipster” pointed out that our contract violates FL fee rules. We don’t have any FL clients but our fee can be changed (and has been) to conform with any state rule. By the way, the FL law is a great example of Debt Management laws being used to cover the Debt Settlement industry. Florida’s AG used it only once to shut down a company with over 1,000 complaints on the BBB.

    We do the best we can with what we have to work with. We have never charged up front for settlement. The “tipster” claims to be a consumer advocate but never once did he indicate that anything he found in his research led to any abuse or any consumer being placed in a service they didn’t need. If he is what he says he is, he would have no reason to report these things anonymously. I have been very vocal on this site so i am certain it’s most likely someone that does have something to hide trying to discredit a few good companies. Well, these few good companies place all of our information out there for world to see. Let the consumer decide who to buy from. I would purchase from your company, licensed or not. You’re not hiding anything and you have a system like ours where we have to earn our compensation.

    As always Chris, it has been my pleasure to know you. Before the federal law changed there were 3,000 debt settlement companies- At the same time there only about 10 DS companies who were paid AT settlement. I’m proud of the fact we are two them. We will continue to do good work as undoubtedly, you will, regardless of the ill will of the few to pick at us. I can lay my head on my pillow each night with a clear conscience. That’s the only real gage of a good company- doing good work for good reason. No one can change that.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.