Latest Posts
Home > Debt Articles > Non-Profit Credit Counseling Service United Financial Systems Signs Florida Judgment

Non-Profit Credit Counseling Service United Financial Systems Signs Florida Judgment

I’m going to say it, sometimes it does feel good to be proven right. One such example is that of the non-profit credit counseling group United Financial Services run by Christopher Boulahanis.

Back in April of 2010 I published a warning, Debt Management Plan With United Financial Systems Runs Off the Rails. And so it did.

Between then and now a large number of consumers were hurt by UFS. They had made monthly payments as directed but neither their creditors were paid nor refunds promptly issued. Eventually United Financial Systems set a record for the most number of complaints and faced legal actions in other states.

In December 2011 Christopher Boulahanis and the Florida Attorney General reached an agreement. On February 29, 2011 a stipulated permanent injunction and final judgment was entered into court records.

Under this judgment against United Financial Systems and Chris Boulahanis the parties agreed that United Financial Systems was “directed and managed by Boulahanis and engaged in acts that were misleading, unfair, deceptive, or unconscionable in the marketing, advertising, and performance of its business in the debt management business.”

In addition to not paying money to creditors on a prompt basis, Boulahanis was also charging a set-up fee of $75 and a monthly fee of up to $69 for the debt management clients. Those fees were illegal under Florida law.

Boulahanis was found individually liable for the wrongful conduct of United Financial Systems.

Christopher Boulahanis and United Financial Systems, “as well as their officers, agents, servants, employees, and attorneys and on those persons in active concert or participation with them who receive actual notice of this Order, directly or indirectly, from the following:

  • Marketing, advertising, selling, providing, processing, or contracting for or in connection with any debt management and/or debt consolidation services.

UFS and Boulahanis agreed to pay $530,881.47 in restitution to be distributed to injured consumers.

On top of that, UFS and Christopher Boulahanis agreed to pay $500,000 “given the blatant nature of the violation and the egregiousness of the consumer harm.”

And then we can’t overlook the additional $35,000 due the State of Florida for fees and costs in this matter.

Non Profit Credit Counseling Service United Financial Systems Signs Florida Judgment

The agreement was witnessed by Robby Birnbaum of Greenspoon Marder as attorney for UFS and Boulahanis.

You can read the entire judgment here.

And What About These Companies?

But even though Boulahanis appears to have agreed to not be involved with any additional debt relief companies, Chris Boulahanis is listed as an officer of the following additional Florida companies. Maybe the approach is that debt settlement is not managing debt?

It will be interesting to see how this judgment impacts those companies considering the ban Boulahanis agreed to.

  • Global Credit Management – Has a B+ rating with the BBB. – Source
  • Capital Debt Relief – Source. This company appears to be an active debt settlement company that lists Christopher Boulahanis as the managing member.

Non Profit Credit Counseling Service United Financial Systems Signs Florida Judgment
Get Out of Debt Guy – Twitter, G+, Facebook

Non-Profit Credit Counseling Service United Financial Systems Signs Florida Judgment 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.
  • Stacy

    did they ever pay back the $530,000. and the $500,000. and the $35,000.?

  • Brad

    Recently, I received a suspicious email from one AMERICAN DEBT COUNSELING, INC. (ADC) announcing a new partnership with AMERICAN COLLEGE COUNSELING, INC (ACCI).  I’m almost certain that ADC contacted me in December 2010 telling me they were taking over my payments from UFS and asked me for information over the phone, to which I said “Like hell you are!!”.  I heard that they were assoiciated with Mr. Boulahanis as well….any truth to that?  If so, is there a way to investigate into these 2 groups and possibly find out if they are one of his many other guises and possibly have them investigated/ shut down to prevent him screwing other people over?
    I received my 1st payment from State of FL last month in regards to UFS.  It wasn’t much. So I am hoping to get the remaining $900+ owed me by the end of September, but I am not holding my breath.
    Your 2+ year following of this one guy has helped many people out!! We cant thank you enough.  I’m glad I came across your site, otherwise I would have given up a long time ago out of frustration. Kudos Steve!!! :)

    • http://GetOutOfDebt.org Steve Rhode

      Thank you for your kind words. I’d be most appreciative if you would consider filling out this reader feedback testimonial form at http://getoutofdebt.org/testimonials/

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.