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I Just Enrolled With Everest Debt Solutions and I’m Freaking Out. – EK

“Dear Steve,

Have about $50,000 credit card debt. Have 2 children (4yrs and 11 months)spend over 1200/m in just daycare. Along with cc payments, house payment, groceries, gas, cars, formula, diapers, etc…Its too much.
I think I made a mistake. I need your opinion and how I can correct.

I have a question obviously about my debt. Right now I am enrolled with Everest Debt Solutions. I read earlier all the bad posts on them. I am now getting a little freaked out.

I am thinking about maybe going with a debt management company. At least my creditors will be paid on a monthly basis. Is it true that some debt settements ususally take longer than a year?

Do alot of people get sued by their unsecrured creditors? I have only been with them one month and my second payment will be drafted this month, Im hoping I will get a full refund since they havent done anything yet. I would like to know also, is it possible to go from a debt settlement program to a debt management? I dont want to wait too long and totally get screwed!!!

EK”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

Dear EK,

Well the best first step would be check out what your options are. Along with contacting a credit counseling group I’l also suggest you talk to a local bankruptcy attorney. Talking to those folks does not mean you’ll follow those options but it does mean you’ll learn more about the other options so you can make an informed decision about what path is best for you.

Settlements can begin to happen as quickly as you have the money to settle them. The longer they drag out the higher the chance of a lawsuit. It it my observation that consumers in programs that are mostly full of fees in the first year seem to get sued more often because they can’t accumulate sufficient funds to settle.

There is no way to predict if you will be sued but it’s one of those things that you want to avoid happening if you can. All I can guarantee you is that 100% of the people that get sued are sued. It doesn’t matter if it only happens to a small percentage if you wind up being that person. A creditor could sue you and go for a judgment and wage garnishment to collect on the debt you are voluntarily not paying them.

Being sued when you are not paying the creditor is always a possibility and it also depends on the creditor, current policies and how delinquent you are.

While it is possible to move to a debt management or credit counseling program the first thing you need to do is not focus on the solution, instead focus on the reason why you have fallen behind on your bills and then we can match the right solution to the situation.

You can click here to find a local bankruptcy attorney and if you’d like a second opinion about your situation or a personal consultation by another debt coach, please feel free to contact Damon Day.

Please post your responses and follow-up messages to me on this in the comments section below.

Big Hug!

I Just Enrolled With Everest Debt Solutions and Im Freaking Out.   EK
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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.

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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.
  • Steve Rhode

    Good advice.

    The irony is the more they keep posting on the site the more people see it.

    I agree with you. I think people are pretty smart and can see exactly what the EDS approach is.

    My point of view is I try to do everything to avoid banning people. I’m not afraid of alternative points of view and I look forward to educated discussions on topics and feel that through that people can learn more through an adult discourse.

    But that’s now what happens with any article that mentions EDS.

    On one hand they may simply just be trying to intimidate me to not mention them and not answer reader questions that involve Everest Debt Solutions. But my first duty is to my readers and if they send in a question, as EK did, I’m going to answer it.

    Except for times like this I don’t waste a minute thinking about Everest Debt Solutions. I read the next reader question, and try to provide the best advice possible.

    I really, really appreciate your feedback and advice.

  • Docker

    Steve,

    By allowing Everest to get under your skin, you’re allowing their name on your website. If EDS is truly this great company they claim, then they need to prove it to the clients who chose to enroll with them. Your article did not attack them in any way and was an honest answer to the person who originally asked the question. Let EDS make an fool of themselves. You know the real story behind your past and you don’t hide it. You don’t hide behind fake names and you are open about your thoughts. Forget EDS. The more time and effort you give them, the more attention their company gets. You’re better than that. Let EDS prove to their own clients whether they’ve made the right choice or not. People who read your blog know you’re honest and wont be swayed by stuff they read. I say just forget EDS, ban them from thought, site, mind, and let them be idiots.

  • Steve Rhode

    And while you have them on the phone please ask them why they post lies about me and are unwilling to stand behind a real persons name instead of lobbing anonymous attacks.

    It seems only fair that is someone is going to accuse me of fraud and stealing money from people they should be willing to place their personal liability behind those statements.

    So how do you explain multiple commenters posting from the same IP address as Manager EDS?

  • DK

    My point is mainly that the post from EDS Management is the only one that could be from them. Almost all of your Articles have some loud mouth making a comment.

    As far as anonymity goes Steve your blog is not exactly a fair playing ground for someone to try and work with you. Your more like judge and jury.

    I am always a fan of going to the source. I am going to call EDS and see if someone will discuss with me the facts.

    DK

  • Steve Rhode

    What scam would that be and who do I steal money from?

  • Steve Rhode

    DK,

    Let’s start in reverse order.

    1. I marked the comment as spam for the reasons cited. I provided a link to the original comment the person simply copied. That comment remains.

    2. I’ve categorically stated the accusations made were not truthful.

    3. If my advice was sound, then help me to understand what the purpose is of EDS attacking me and making themselves look like big bullies? Why can’t the person responsible for EDS put their name on their comments and stand behind them?

    If reporting is about fair and balanced then why does EDS insist in spreading lies and false accusations anonymously?

  • DK

    Steve,

    Obviously your blinded here. No one questioned your advice. You posted yours and EDS posted their advice to their client who already has a vested interest in the program they enrolled for.

    Maybe a good start would be to examine their responses without getting angry that they have displayed the truth.

    Just one resounding point… Someone posted your company intel from myvesta showing you made a million dollars and then you deleted that post. Why steve?

    Reporting is about fair and balanced facts.

    DK

  • Dmurray407

    Bonnie, the thing is, that I’m not really sure who actually said what. I don’t really believe EDS management or the collection guy :)

  • Dmurray407

    Umm, Greg, I think I helped myself . . .

  • Michael

    Attn: “Really”

    Truth be told, I turn away about 70% of the people that come into our office. I view bankruptcy as a last option. You can pull me up on PACER & see that my firm only files about 3-5 bankruptcy cases per month. We just work the hell out of those cases to make sure that our client ends up in the best financial position possible on the other end. So the accusation that I “steer” everybody into bankruptcy is false. Most of the time I tell them to find a church that is offering Dave Ramsey’s Financial Peace University. I find that the majority of the time, these issues can be cleared up with money management skills. Nevertheless, when somebody comes into my office after going through “debt settlement” I usually find them in a position where they are being sued by multiple creditors or already have judgments entered against them while they were waiting on the “debt settlement” company to come through. That kind of forces our hand.

    Honestly, if I ever had a client come into my office and the debt settlement company did a good job for them and settled even some of their debts, we wouldn’t sue them. When the debt settlement company takes $5k from somebody & writes them a letter saying “I’m sorry, but you aren’t able to afford that settlement. As such, you are being terminated from our ‘exclusive’ debt settlement program for breach of contract. Being that we were able to obtain a settlement offer that you could not possibly afford, we are entitled to keep all $5k. Have a nice life.” You can bet that I am going to sue. It is also kind of enjoyable to watch the settlement completely fund a client’s chapter 13 plan so they are in and out of a chapter 13 in months.

    Say what you want about me, but I’m not the one breaking the law in NC. Debt adjusting here is a criminal offense. So I am the scumbag for getting people out of debt and protecting their rights when they are the victim of a crime? However, the debt settlement industry is taking desperate people and making them a victim of a crime. Not to mention doing absolutely nothing for them. Yet I’m the scumbag?

    Like I previosly said, I haven’t run into you guys. So I really can’t comment on you in particular. I think you guys already pulled out of NC after you guys got a cease and desist from the NC AG. I might be wrong. My comments are based strictly on my experience with the debt settlement industry as a whole.

    Say nasty stuff about me if you want. I really don’t care. I won’t lose any sleep over it. The funny thing is, that people who have had cases with me(opposing parties) will come back and ask me, “how did this happen?” “what did we do wrong?” I always take the time to talk. I always take the time to steer somebody who legitimately wants to do the right thing in the right direction. Usually it involves referring them to an attorney who can get them going in the right direction. I’m not a jerk about it. I leave being an asshole to family law attorneys. There is plenty of work out there and when one company goes away or starts playing by the rules, somebody else will show up who doesn’t play by the rules & doesn’t care.

    Michael

  • Michael

    Attn: “Really”

    Truth be told, I turn away about 70% of the people that come into our office. I view bankruptcy as a last option. You can pull me up on PACER & see that my firm only files about 3-5 bankruptcy cases per month. We just work the hell out of those cases to make sure that our client ends up in the best financial position possible on the other end. So the accusation that I “steer” everybody into bankruptcy is false. Most of the time I tell them to find a church that is offering Dave Ramsey’s Financial Peace University. I find that the majority of the time, these issues can be cleared up with money management skills. Nevertheless, when somebody comes into my office after going through “debt settlement” I usually find them in a position where they are being sued by multiple creditors or already have judgments entered against them while they were waiting on the “debt settlement” company to come through. That kind of forces our hand.

    Honestly, if I ever had a client come into my office and the debt settlement company did a good job for them and settled even some of their debts, we wouldn’t sue them. When the debt settlement company takes $5k from somebody & writes them a letter saying “I’m sorry, but you aren’t able to afford that settlement. As such, you are being terminated from our ‘exclusive’ debt settlement program for breach of contract. Being that we were able to obtain a settlement offer that you could not possibly afford, we are entitled to keep all $5k. Have a nice life.” You can bet that I am going to sue. It is also kind of enjoyable to watch the settlement completely fund a client’s chapter 13 plan so they are in and out of a chapter 13 in months.

    Say what you want about me, but I’m not the one breaking the law in NC. Debt adjusting here is a criminal offense. So I am the scumbag for getting people out of debt and protecting their rights when they are the victim of a crime? However, the debt settlement industry is taking desperate people and making them a victim of a crime. Not to mention doing absolutely nothing for them. Yet I’m the scumbag?

    Like I previosly said, I haven’t run into you guys. So I really can’t comment on you in particular. I think you guys already pulled out of NC after you guys got a cease and desist from the NC AG. I might be wrong. My comments are based strictly on my experience with the debt settlement industry as a whole.

    Say nasty stuff about me if you want. I really don’t care. I won’t lose any sleep over it. The funny thing is, that people who have had cases with me(opposing parties) will come back and ask me, “how did this happen?” “what did we do wrong?” I always take the time to talk. I always take the time to steer somebody who legitimately wants to do the right thing in the right direction. Usually it involves referring them to an attorney who can get them going in the right direction. I’m not a jerk about it. I leave being an asshole to family law attorneys. There is plenty of work out there and when one company goes away or starts playing by the rules, somebody else will show up who doesn’t play by the rules & doesn’t care.

    Michael

  • Steve Rhode

    What does that even mean?

    How in the world do you come away with them wanting to “work with me” when they engage in spreading lies, falsehood, mistruths and misinformation?

    Go back to the question at hand. There is nothing to work with me on. I directed the reader to check out their other options to make an informed decision about what path they want to follow.

    I’d love to vet their posts as you describe. Let’s start with who is the person making the posts who is unwilling to put their name and liability behind their statements. How do you vet that when they are afraid to come into the light?

    Let’s look at the original Manager EDS comment they offered up. How in the world does attacking me with lies do anything to reinforce confidence by consumers in Everest Debt Solutions or to encourage EK to not be “freaked out?” It only leaves the impression they are willing to attack anonymously, attack for no good reason and attempt to distract from the real issue that one of their customers was nervous.

    I am more than happy to have an open and frank discussion with anyone from EDS who does not make fake posts as others and is willing to stand publicly as I do.

    If you want to start vetting something then start with my answer to the reader. What part of my answer was not factual nor good advice?

  • DK

    In their other posts they seem willing to work with you but you refuse steve. You seem to not want to meet them half way. What’s that about? So if they want to have a conversation you get to decline and then you continue to call them out? Doesn’t make sense.

    Being bullied and being lied to are part of your game steve.

    Probably best to not give them the attention and delete posts not described as a manager until you have vetted their posts.

    Best,

    David K.

  • DK

    In their other posts they seem willing to work with you but you refuse steve. You seem to not want to meet them half way. What’s that about? So if they want to have a conversation you get to decline and then you continue to call them out? Doesn’t make sense.

    Being bullied and being lied to are part of your game steve.

    Probably best to not give them the attention and delete posts not described as a manager until you have vetted their posts.

    Best,

    David K.

    • http://GetOutOfDebt.org Steve Rhode

      What does that even mean?

      How in the world do you come away with them wanting to “work with me” when they engage in spreading lies, falsehood, mistruths and misinformation?

      Go back to the question at hand. There is nothing to work with me on. I directed the reader to check out their other options to make an informed decision about what path they want to follow.

      I’d love to vet their posts as you describe. Let’s start with who is the person making the posts who is unwilling to put their name and liability behind their statements. How do you vet that when they are afraid to come into the light?

      Let’s look at the original Manager EDS comment they offered up. How in the world does attacking me with lies do anything to reinforce confidence by consumers in Everest Debt Solutions or to encourage EK to not be “freaked out?” It only leaves the impression they are willing to attack anonymously, attack for no good reason and attempt to distract from the real issue that one of their customers was nervous.

      I am more than happy to have an open and frank discussion with anyone from EDS who does not make fake posts as others and is willing to stand publicly as I do.

      If you want to start vetting something then start with my answer to the reader. What part of my answer was not factual nor good advice?

      • DK

        Steve,

        Obviously your blinded here. No one questioned your advice. You posted yours and EDS posted their advice to their client who already has a vested interest in the program they enrolled for.

        Maybe a good start would be to examine their responses without getting angry that they have displayed the truth.

        Just one resounding point… Someone posted your company intel from myvesta showing you made a million dollars and then you deleted that post. Why steve?

        Reporting is about fair and balanced facts.

        DK

      • http://GetOutOfDebt.org Steve Rhode

        DK,

        Let’s start in reverse order.

        1. I marked the comment as spam for the reasons cited. I provided a link to the original comment the person simply copied. That comment remains.

        2. I’ve categorically stated the accusations made were not truthful.

        3. If my advice was sound, then help me to understand what the purpose is of EDS attacking me and making themselves look like big bullies? Why can’t the person responsible for EDS put their name on their comments and stand behind them?

        If reporting is about fair and balanced then why does EDS insist in spreading lies and false accusations anonymously?

      • DK

        My point is mainly that the post from EDS Management is the only one that could be from them. Almost all of your Articles have some loud mouth making a comment.

        As far as anonymity goes Steve your blog is not exactly a fair playing ground for someone to try and work with you. Your more like judge and jury.

        I am always a fan of going to the source. I am going to call EDS and see if someone will discuss with me the facts.

        DK

      • http://GetOutOfDebt.org Steve Rhode

        And while you have them on the phone please ask them why they post lies about me and are unwilling to stand behind a real persons name instead of lobbing anonymous attacks.

        It seems only fair that is someone is going to accuse me of fraud and stealing money from people they should be willing to place their personal liability behind those statements.

        So how do you explain multiple commenters posting from the same IP address as Manager EDS?

      • Docker

        Steve,

        By allowing Everest to get under your skin, you’re allowing their name on your website. If EDS is truly this great company they claim, then they need to prove it to the clients who chose to enroll with them. Your article did not attack them in any way and was an honest answer to the person who originally asked the question. Let EDS make an fool of themselves. You know the real story behind your past and you don’t hide it. You don’t hide behind fake names and you are open about your thoughts. Forget EDS. The more time and effort you give them, the more attention their company gets. You’re better than that. Let EDS prove to their own clients whether they’ve made the right choice or not. People who read your blog know you’re honest and wont be swayed by stuff they read. I say just forget EDS, ban them from thought, site, mind, and let them be idiots.

      • http://GetOutOfDebt.org Steve Rhode

        Good advice.

        The irony is the more they keep posting on the site the more people see it.

        I agree with you. I think people are pretty smart and can see exactly what the EDS approach is.

        My point of view is I try to do everything to avoid banning people. I’m not afraid of alternative points of view and I look forward to educated discussions on topics and feel that through that people can learn more through an adult discourse.

        But that’s now what happens with any article that mentions EDS.

        On one hand they may simply just be trying to intimidate me to not mention them and not answer reader questions that involve Everest Debt Solutions. But my first duty is to my readers and if they send in a question, as EK did, I’m going to answer it.

        Except for times like this I don’t waste a minute thinking about Everest Debt Solutions. I read the next reader question, and try to provide the best advice possible.

        I really, really appreciate your feedback and advice.

  • Really

    Michael Dye…yet another bottom feeding attorney who steers everyone into bankruptcy.

  • Michael

    Oh Jesus! I am tired so I am not going to post a really long winded detailed analysis. 99.99% of debt settlement companies are bullshit. I haven’t sued EDS yet, but if they are doing business in NC, I am sure I will. Get your money back and talk to a bankruptcy attorney. If they won’t give you your money back, get a bankruptcy attorney that handles AP’s. Preserve the cause of action in for the benefit of the estate and sue them in bankruptcy court.

    Michael Dye

  • Michael

    Oh Jesus! I am tired so I am not going to post a really long winded detailed analysis. 99.99% of debt settlement companies are bullshit. I haven’t sued EDS yet, but if they are doing business in NC, I am sure I will. Get your money back and talk to a bankruptcy attorney. If they won’t give you your money back, get a bankruptcy attorney that handles AP’s. Preserve the cause of action in for the benefit of the estate and sue them in bankruptcy court.

    Michael Dye

    • Really

      Michael Dye…yet another bottom feeding attorney who steers everyone into bankruptcy.

  • Steve Rhode

    What is really an insult to readers is that the commenter hides behind a fake identity, republishes the comment of another person, from here and does not even bother to acknowledge that I previously addressed that comment.

    And this comment came from the same person who also posted as Manager EDS. Still to big of a chicken to post under their real name and defend what they say with their legal identity and public reputation.

    For the record, for refusing to stand up like a responsible adult and accept liability for their comments and attacks against me I am banning this IP address from being able to comment again.

    If this commenter wants to attack me, I will gladly address any original complaint and all I ask is that they do it like a real man and stake their identity and reputation on their words, not unimaginatively copy the untrue statements of others and behave like the coward they appear to be.

  • http://GetOutOfDebt.org Steve Rhode

    What is really an insult to readers is that the commenter hides behind a fake identity, republishes the comment of another person, from here and does not even bother to acknowledge that I previously addressed that comment.

    And this comment came from the same person who also posted as Manager EDS. Still to big of a chicken to post under their real name and defend what they say with their legal identity and public reputation.

    For the record, for refusing to stand up like a responsible adult and accept liability for their comments and attacks against me I am banning this IP address from being able to comment again.

    If this commenter wants to attack me, I will gladly address any original complaint and all I ask is that they do it like a real man and stake their identity and reputation on their words, not unimaginatively copy the untrue statements of others and behave like the coward they appear to be.

  • Steve Rhode

    Interesting how these lies and mistruths were posted from the same computer as that as Manager EDS but they don’t have the guts to use their real name to stand behind their lies..

    This comment is the same old crap I’ve addressed before as untrue. You can read the response here.

  • Hernando

    I am really looking forward to the future. With the new rules in place, it will get rid of a lot of companies that should not be operating. I think that if everyone complies, you should be a happy fellow. Now we can really look at all the options and how they really work. What will the credit counseling industry have to complain about now? Now we can look at why companies like Money Management International went from a 400,000 a year company to $159,000,000 million in revenues with $55,000,000 in assets as a “non-for-profit” company. How in their company charter it states that any executive that travels more than 2 hours by plane will “fly by first class”. Oh the tragedy of having to travel like the common folk. How their average salaries are more than 200k per year with expense allowance. How 50% of the revenues (yes, we will call them what they really are) come back from the credit card companies. Which really comes out of the consumers pockets. We can look at how – is it myvesta.org you used to run with your wife “Pam Rhodes” (who alternated from VP to President and back to VP – while keeping the same exact salary) – I think it was well over 1,000,000 in combined salaries that you and her made over a 4 year period (it actually came out to about 20k per month) – just like the common folk that you try and selflessly help out each day. And isn’t myvesta.org (no longer a 501c3 company – what happened there?) now operating in Europe (what the US ins’t good enough or you can’t operate with a good profit? just looking at transparency). How is it that you still after bashing the debt settlement industry – keep up those google ads to generate money off of. I am really looking forward to a level playing field now that these needed protections have been put into place and for the record, I believe that self help, cccs, ds and bk all have a place as a viable solution for the consumer. What I really have a problem with are people that claim one solution is better than the other or that they hide their true motives and pretend to be a little guy just helping out their fellow man.

    I’m still reviewing the numbers but this is what it appears to be:

    Myvesta.org

    in 2002 – gross receipts of 5.6 million – 2 million in company assests 1.6 mill in cash
    You made 217,000
    Pam Rhode made 96000
    56000 in public relations expenses
    28000 in meals lodging and entertainment
    87000 in professional fees
    468000 in contract labor
    In 2003 Myvesta had 3.1 in gross receipts revenues with 4.1 in expenses?
    Pamela was director of operations for 88,000
    You as president made 180,000

    224000 in temporary labor
    145000 in insurance
    20,000 in internet services
    22,000 for auto expenses
    20,000 in moving expenses
    other program on consulting fees – 42000

    in 2204 – you made 58,963 as chairman and pam (now president) made 85,000
    in 2005 – you made 85,000 (chairman and now again president) and Pam made 85,000 as vice president (the same as she was making when she was president?, with a now lesser role?) CASH ON HAND WAS 668000 and went to 289,000 by the end of the year?

    2006 cash on hand from January 1 – May 24 2007 – cash on hand was 289,000 and in May it was 0 ?

    year you pam

    2002 217,000 96,000
    2003 180,000 88,000
    2004 58,963 85,000
    2005 85,000 85,000
    2006 87,824 80,716

    628,787 for you in 4 yrs. 5 months
    434,716 for her

    total – 1,063,503 or about 20,000 per month. Right around the middle class
    payscale.

    Yes Steve, let’s look out for the consumer, across the board.

  • Hernando

    In 1994, Steve and a friend started a nonprofit called Debt Counselors of America (later called MyVesta) and he helped run it until 2006. Seeing the debt consolidation system from the inside, Steve noticed some fatal flaws, the most important one being that the credit card issuers had begun to pull the strings and set the interest rate reductions and other terms. He was also concerned by the low rate of success for debt management plans (DMPs) for many people. “There’s a moral conflict – a DMP should be based on what is reasonable, affordable or sustainable for the person in debt, not what the creditor wants,” Steve says.

    Myvesta, claims to be a non-profit. So, I Google “Myvesta Steve Rhode”. And there it is…exactly what I expected to find, since nearly every so-called “guru” is not really that and usually has a shady past. As it turns out, Myvesta, which used to be known as Debt Counselors of America, has a cease and desist order from the state of California, which is known for aggressively pursuing fraudulent activities by companies such as this. Turns out our “guru” is out peddling debt advice and California has shut him down for not complying with California law. And, our so-called “non-profit” is apparently selling a $200 per month “debt payment” plan. What a complete and total fraud! Thank heavens for Google!

    Steve and his co-founder were forced to resign from the company in late 2003.

    So, yet a little further in to these search results, I learn that Steve and his co-founder were forced to resign from the company in late 2003. Ah, but this gets better. Steve resigned and appointed his wife as the President…so, Steve commits fraud, the state of California pursues him, and then he appoints his wife to run his company. Yeah, things have really “changed” at Myvesta, the non-profit charing a $495 enrollment fee and a $200 per month “maintenance” fee.

    So as it appears here Steve Rhode has a history of having a misleading past. What concerns most readers more is that he is aggressively avoiding the real truths here.

  • DD

    Everest Debt Solutions

    The business had a history of violating BBB name and logo policy in an unauthorized manner. Misuse of the BBB seal constitutes trademark infringement and is a violation of trademark rights of the Council of Better Business Bureaus, Inc.
    In March 2011, FDN Solutions informed BBB that the business was under new management and was no longer using the BBB name and logo.

  • DD

    Everest Debt Solutions

    The business had a history of violating BBB name and logo policy in an unauthorized manner. Misuse of the BBB seal constitutes trademark infringement and is a violation of trademark rights of the Council of Better Business Bureaus, Inc.
    In March 2011, FDN Solutions informed BBB that the business was under new management and was no longer using the BBB name and logo.

  • Steve Rhode

    FYI, Bonnie and Greg C are posting from the same computer. Just as I said would happen.

  • Bonnie

    Hi Deb,

    Can you post the name of the person at the collection agency who said EDS wants you to be sued? Many attorneys have been hungrily going after collection firms for deceptive practices there is currently a class action lawsuit with 36 debt settlement companies pursuing $9.7 mil for thief DS clients. Perhaps you can be included as professional employees at a company like EDS or any other firm using terms like “scumy” deserve a deeper look.

    Bonnie

  • Steve Rhode

    EK and others,

    From other interactions on this site by Everest Debt Solutions I’ve learned their approach is to viciously attack with lies and mistruths even with information they know is clearly not true. See the comments here, here and here.

    The accusations made in this the Manager EDS comment above are not true. The form of their rebuttals is simply cowardly. You will notice that whoever posts from Everest Debt Solutions never publishes their name or steps out into the light to put their reputation and legal liability on the line to stand behind their false accusations. They simply behave like a playground bully.

    The alleged manager from EDS attempts to out me with wild claims for an issue I’ve talked about openly for a long time. And once you read the truth you will find the reality is a far cry from the wails from the anonymous accuser.

    I only refer people to a debt management program with one provider who charges a tiny amount and makes monthly payments to the consumers creditors. It would be impossible for someone to get “conned out of $7,800.”

    I would love to get the names and addresses of anyone who feels they were hurt and mislead. EDS can upload the information to me through the confidential tip form of specific consumers they feel I personally harmed and I will find an independent investigator to look into those claims. If the claims cannot be substantiated, which they can’t, I will use every last penny I have to sue Everest Debt Solutions for making false claims.

    So here is how this is going to play out. Everest Debt Solution is going to post all sorts of attacks against me. They will post under multiple fake names, respond to each other, and try to attack me in order to distract the reader from any focus on Everest.

    I would not be surprised if they are the ones posting all the fake accusations around the web.

    Here is the really stupid thing about the Everest responses and attacks, I didn’t say anything bad about them or anything that is not either helpful or factual.

    I challenge Tim Daniels from Everest Debt Solutions to come forward under his real name and point to anything in my answer that is not accurate or sound advice.

    So if my answer was fair and reasonable, why would they constantly and anonymously attack me?

    Anyone got a theory on that.

  • Hollis

    The fact that the poster happens to work for the US government is IRRELEVANT, even deceptive. They are not acting in any official capacity, nor are they represneting any government agency or authority. They are presumably just trying to establish credibility, serving as their own “character witness”.

    That said, I am gratified that I opened a “can of worms” (although I had no intention to accuse or offend anyone.) A free and open dialogue that clears the air abourt important issues is a good thing (I think… I hope >;->)

  • Greg C.

    Steve,

    Can you for once take ownership if your prior scam?

    Your a con plain and simple.

    You have stolen money and hid behind bing a reporter who is a downright fraud. The state of California doesnt issue cease and desist letters with facts.

    Get real and honest. Until then you lack credibility and sound principles.

    Best,

    Greg C.

  • Greg C.

    Wow Deb congratulations on your progress it is great to hear that another sound business was able to help you.

    Good luck on your future!!!

  • Steve Rhode

    All of which I proved to be untrue here.

  • Dmurray407

    We enrolled with Everest Debt Solutions in June 2009 (we also were overwhelmed by $50,000 in credit card debt). We weren’t happy with their progress or their communication so “fired” them about a year later. They did not refund the fees we paid, but we did get a refund of the money sitting in the “special” account they had set up for us. I filed complaints with just about every agency I could think of (most of them recommended on this website) and did not hear another word from Everest until about 1 1/2 mos ago. They were very nice and asked what they could do to make things right. I asked for some paperwork on an account that they had settled for us and then they offered to help settle my last account for free (I had settled 10 accounts on my own after “firing them-I only had one left to go). I agreed and said that I would send a good report to the BBB if they would help me out as the last account was being very difficult to settle. They immediately sent the paperwork I had asked for and called the collection company handling my account. The called back within a day or two and told me that they collection folks were not budging on their settlement amount and that they would try again in a few weeks. I sent my letter saying that they had helped me out to the BBB and I haven’t heard from Everest again (not that I really expected to). I have since settled with that final collection company. Everest told me that the people they spoke to there were “idiots”. The collection people told me that the people at Everest told them that they hoped that they sued me, that I was a “scummy” person and that they didn’t really care what happened to me. Ah well, “he said, she said”, don’t believe any of them :) Anyway, the moral of the story is, I would not have gone with a settlement company if I knew then what I know now. All the collection people I have dealt with have been really very nice and have worked with me more than I expected. We ended up with 3 judgements that we settled before they ever went to court. The thing is that you have to talk to the collection folks and let them know that you really want to work things out. Bankruptcy was not an option for us, but it has helped lots of people. Don’t be ashamed if that’s the best route for you. It will save you a lot of headaches and heartache. Please look into other options and dump Everest as soon as you possibly can.
    Good luck to you!
    Deb in MN

  • Dmurray407

    We enrolled with Everest Debt Solutions in June 2009 (we also were overwhelmed by $50,000 in credit card debt). We weren’t happy with their progress or their communication so “fired” them about a year later. They did not refund the fees we paid, but we did get a refund of the money sitting in the “special” account they had set up for us. I filed complaints with just about every agency I could think of (most of them recommended on this website) and did not hear another word from Everest until about 1 1/2 mos ago. They were very nice and asked what they could do to make things right. I asked for some paperwork on an account that they had settled for us and then they offered to help settle my last account for free (I had settled 10 accounts on my own after “firing them-I only had one left to go). I agreed and said that I would send a good report to the BBB if they would help me out as the last account was being very difficult to settle. They immediately sent the paperwork I had asked for and called the collection company handling my account. The called back within a day or two and told me that they collection folks were not budging on their settlement amount and that they would try again in a few weeks. I sent my letter saying that they had helped me out to the BBB and I haven’t heard from Everest again (not that I really expected to). I have since settled with that final collection company. Everest told me that the people they spoke to there were “idiots”. The collection people told me that the people at Everest told them that they hoped that they sued me, that I was a “scummy” person and that they didn’t really care what happened to me. Ah well, “he said, she said”, don’t believe any of them :) Anyway, the moral of the story is, I would not have gone with a settlement company if I knew then what I know now. All the collection people I have dealt with have been really very nice and have worked with me more than I expected. We ended up with 3 judgements that we settled before they ever went to court. The thing is that you have to talk to the collection folks and let them know that you really want to work things out. Bankruptcy was not an option for us, but it has helped lots of people. Don’t be ashamed if that’s the best route for you. It will save you a lot of headaches and heartache. Please look into other options and dump Everest as soon as you possibly can.
    Good luck to you!
    Deb in MN

    • Greg C.

      Wow Deb congratulations on your progress it is great to hear that another sound business was able to help you.

      Good luck on your future!!!

      • Dmurray407

        Umm, Greg, I think I helped myself . . .

    • Bonnie

      Hi Deb,

      Can you post the name of the person at the collection agency who said EDS wants you to be sued? Many attorneys have been hungrily going after collection firms for deceptive practices there is currently a class action lawsuit with 36 debt settlement companies pursuing $9.7 mil for thief DS clients. Perhaps you can be included as professional employees at a company like EDS or any other firm using terms like “scumy” deserve a deeper look.

      Bonnie

      • http://GetOutOfDebt.org Steve Rhode

        FYI, Bonnie and Greg C are posting from the same computer. Just as I said would happen.

      • Dmurray407

        Bonnie, the thing is, that I’m not really sure who actually said what. I don’t really believe EDS management or the collection guy :)

  • Greg C.

    http://www.complaintsboard.com

    This is a government employee who took the time to post the facts.

  • Steve Rhode

    I did. Accusations that anyone lost a penny are totally false. See link in other comment.

  • Steve Rhode

    Thanks for the suggestion. That does direct people to my post with the actual facts on the California story, which people can read here.

    They will see there never was any accusation of millions being stolen from consumers.

  • Greg C.

    Google “myvesta steve rhode cease and desist”

    Read all about it.

  • Hollis

    Steve, PLEASE respond to the allegations in the EDS post. Have you been “issued a Cease And Desist Notice from the State Of California for running a scam that stole several million dollars from customers nationwide”? You certainly have your side of the story,and your readers would certainly like to hear it.

    Many people are relying on you for advice and counsel at times when they are extremely vulnerable. The suggestion that you are using your web site to generate business through leads is NOT a concern – almost every free site on the Web tries to generate leads for paying business, and you have every right to prosper from your knowledge and expertise. However, the allegations in the post are serious – to your credit, you have allowed the post to remain online – and it would be valuable to hear you side of the story. Thanks!

  • Hollis

    Steve, PLEASE respond to the allegations in the EDS post. Have you been “issued a Cease And Desist Notice from the State Of California for running a scam that stole several million dollars from customers nationwide”? You certainly have your side of the story,and your readers would certainly like to hear it.

    Many people are relying on you for advice and counsel at times when they are extremely vulnerable. The suggestion that you are using your web site to generate business through leads is NOT a concern – almost every free site on the Web tries to generate leads for paying business, and you have every right to prosper from your knowledge and expertise. However, the allegations in the post are serious – to your credit, you have allowed the post to remain online – and it would be valuable to hear you side of the story. Thanks!

    • Greg C.

      Google “myvesta steve rhode cease and desist”

      Read all about it.

      • http://GetOutOfDebt.org Steve Rhode

        Thanks for the suggestion. That does direct people to my post with the actual facts on the California story, which people can read here.

        They will see there never was any accusation of millions being stolen from consumers.

    • http://GetOutOfDebt.org Steve Rhode

      I did. Accusations that anyone lost a penny are totally false. See link in other comment.

      • Greg C.

        http://www.complaintsboard.com/complaints/getoutofdebtorg-c392611.html

        This is a government employee who took the time to post the facts.

      • http://GetOutOfDebt.org Steve Rhode

        All of which I proved to be untrue here.

      • Greg C.

        Steve,

        Can you for once take ownership if your prior scam?

        Your a con plain and simple.

        You have stolen money and hid behind bing a reporter who is a downright fraud. The state of California doesnt issue cease and desist letters with facts.

        Get real and honest. Until then you lack credibility and sound principles.

        Best,

        Greg C.

      • http://GetOutOfDebt.org Steve Rhode

        What scam would that be and who do I steal money from?

      • Hollis

        The fact that the poster happens to work for the US government is IRRELEVANT, even deceptive. They are not acting in any official capacity, nor are they represneting any government agency or authority. They are presumably just trying to establish credibility, serving as their own “character witness”.

        That said, I am gratified that I opened a “can of worms” (although I had no intention to accuse or offend anyone.) A free and open dialogue that clears the air abourt important issues is a good thing (I think… I hope >;->)

  • Manager EDS

    Good Morning EK,

    I am a manager at Everest Debt Solutions and we constantly monitor the internet for activity about Everest Debt Solutions.

    To start let me assure you that any monies you have paid to Everest are still in holding with Global Client Solutions and you are the sole owner of the account and the money is at your disposal at all times. In your agreement you should not only read that but also your Account Manager can verify for you in addition to being able to login to your customer account with Global 24/7/365.

    It would be my pleasure to work with you directly as you have concerns to show you that you are dealing with a company that not only has been in the debt settlement industry for 5 years but also is financially fortified to continue to service clients without collecting fees as required by the FTC Telemarketing Sales Rule. What this means to you? You have not and will not pay any fees for services until they are rendered. Just like getting your car fixed payment will not be due until your car is on the road again. At that time the fees are based upon the amount of money that we save you. Essentially we do not get paid unless we do an OUTSTANDING JOB!

    Many of our recent customers do not understand exactly how they will benefit and additionally they feel that some comments on a Rogue Bloggers website hold water. EK- Mr Steve Rhode was issued a Cease And Desist Notice from the State Of California for running a scam that stole several million dollars from customers nationwide. His advice is less than adequate and this website is in fact a lead generation website. Steve profits daily from sales of advertising and leads to other finance companies.

    We have had issues in the past of clients being referred by Steve to other programs just to come back to us in worse shape than before. We have 4 specific customers who are willing to contact other customers of our program to share how they were hurt and misled by Steve and his website. One of these people is a single mother of 3 who was conned out of $7,800 by a debt management program directly referred by Steve Rhode. If you are willing, we can trade their phone numbers or emails upon your request.

    Please call us and reference this website and we will work with you to calm your concerns and go over the specifics of the program. Our goal is to deliver the services as promised.

    Sincerely,

    Management
    Everest Debt Solutions
    1-800-258-4131

  • Manager EDS

    Good Morning EK,

    I am a manager at Everest Debt Solutions and we constantly monitor the internet for activity about Everest Debt Solutions.

    To start let me assure you that any monies you have paid to Everest are still in holding with Global Client Solutions and you are the sole owner of the account and the money is at your disposal at all times. In your agreement you should not only read that but also your Account Manager can verify for you in addition to being able to login to your customer account with Global 24/7/365.

    It would be my pleasure to work with you directly as you have concerns to show you that you are dealing with a company that not only has been in the debt settlement industry for 5 years but also is financially fortified to continue to service clients without collecting fees as required by the FTC Telemarketing Sales Rule. What this means to you? You have not and will not pay any fees for services until they are rendered. Just like getting your car fixed payment will not be due until your car is on the road again. At that time the fees are based upon the amount of money that we save you. Essentially we do not get paid unless we do an OUTSTANDING JOB!

    Many of our recent customers do not understand exactly how they will benefit and additionally they feel that some comments on a Rogue Bloggers website hold water. EK- Mr Steve Rhode was issued a Cease And Desist Notice from the State Of California for running a scam that stole several million dollars from customers nationwide. His advice is less than adequate and this website is in fact a lead generation website. Steve profits daily from sales of advertising and leads to other finance companies.

    We have had issues in the past of clients being referred by Steve to other programs just to come back to us in worse shape than before. We have 4 specific customers who are willing to contact other customers of our program to share how they were hurt and misled by Steve and his website. One of these people is a single mother of 3 who was conned out of $7,800 by a debt management program directly referred by Steve Rhode. If you are willing, we can trade their phone numbers or emails upon your request.

    Please call us and reference this website and we will work with you to calm your concerns and go over the specifics of the program. Our goal is to deliver the services as promised.

    Sincerely,

    Management
    Everest Debt Solutions
    1-800-258-4131

    • http://GetOutOfDebt.org Steve Rhode

      EK and others,

      From other interactions on this site by Everest Debt Solutions I’ve learned their approach is to viciously attack with lies and mistruths even with information they know is clearly not true. See the comments here, here and here.

      The accusations made in this the Manager EDS comment above are not true. The form of their rebuttals is simply cowardly. You will notice that whoever posts from Everest Debt Solutions never publishes their name or steps out into the light to put their reputation and legal liability on the line to stand behind their false accusations. They simply behave like a playground bully.

      The alleged manager from EDS attempts to out me with wild claims for an issue I’ve talked about openly for a long time. And once you read the truth you will find the reality is a far cry from the wails from the anonymous accuser.

      I only refer people to a debt management program with one provider who charges a tiny amount and makes monthly payments to the consumers creditors. It would be impossible for someone to get “conned out of $7,800.”

      I would love to get the names and addresses of anyone who feels they were hurt and mislead. EDS can upload the information to me through the confidential tip form of specific consumers they feel I personally harmed and I will find an independent investigator to look into those claims. If the claims cannot be substantiated, which they can’t, I will use every last penny I have to sue Everest Debt Solutions for making false claims.

      So here is how this is going to play out. Everest Debt Solution is going to post all sorts of attacks against me. They will post under multiple fake names, respond to each other, and try to attack me in order to distract the reader from any focus on Everest.

      I would not be surprised if they are the ones posting all the fake accusations around the web.

      Here is the really stupid thing about the Everest responses and attacks, I didn’t say anything bad about them or anything that is not either helpful or factual.

      I challenge Tim Daniels from Everest Debt Solutions to come forward under his real name and point to anything in my answer that is not accurate or sound advice.

      So if my answer was fair and reasonable, why would they constantly and anonymously attack me?

      Anyone got a theory on that.

    • Hernando

      In 1994, Steve and a friend started a nonprofit called Debt Counselors of America (later called MyVesta) and he helped run it until 2006. Seeing the debt consolidation system from the inside, Steve noticed some fatal flaws, the most important one being that the credit card issuers had begun to pull the strings and set the interest rate reductions and other terms. He was also concerned by the low rate of success for debt management plans (DMPs) for many people. “There’s a moral conflict – a DMP should be based on what is reasonable, affordable or sustainable for the person in debt, not what the creditor wants,” Steve says.

      Myvesta, claims to be a non-profit. So, I Google “Myvesta Steve Rhode”. And there it is…exactly what I expected to find, since nearly every so-called “guru” is not really that and usually has a shady past. As it turns out, Myvesta, which used to be known as Debt Counselors of America, has a cease and desist order from the state of California, which is known for aggressively pursuing fraudulent activities by companies such as this. Turns out our “guru” is out peddling debt advice and California has shut him down for not complying with California law. And, our so-called “non-profit” is apparently selling a $200 per month “debt payment” plan. What a complete and total fraud! Thank heavens for Google!

      Steve and his co-founder were forced to resign from the company in late 2003.

      So, yet a little further in to these search results, I learn that Steve and his co-founder were forced to resign from the company in late 2003. Ah, but this gets better. Steve resigned and appointed his wife as the President…so, Steve commits fraud, the state of California pursues him, and then he appoints his wife to run his company. Yeah, things have really “changed” at Myvesta, the non-profit charing a $495 enrollment fee and a $200 per month “maintenance” fee.

      So as it appears here Steve Rhode has a history of having a misleading past. What concerns most readers more is that he is aggressively avoiding the real truths here.

      • http://GetOutOfDebt.org Steve Rhode

        Interesting how these lies and mistruths were posted from the same computer as that as Manager EDS but they don’t have the guts to use their real name to stand behind their lies..

        This comment is the same old crap I’ve addressed before as untrue. You can read the response here.

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