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Home > Debt Relief Industry > Business Models > Ferry & Nicholas – “We Are Not a Settlement Company.” Walks Like a Duck.

Ferry & Nicholas – “We Are Not a Settlement Company.” Walks Like a Duck.

A reader and employee of a debt settlement company sent in a copy of a letter they received from a company out of Pennsylvania, Ferry & Nicholas. The tipster (send in your tips here) was confused and says, “They are not a debt settlement company, not attorneys but they will negotiate a settlement?”

Yea, that is very odd indeed.

So I took a look.

Ferry & Nicholas, Inc.
Huntingdon Place Office Building
One Braddock Road, Second Floor
Mt. Pleasant, PA 15666
877-547-6890

Their website is ferryandnicholasinc.com and the domain name is owned by a Jaimee Greenwalt from Latrobe, Pennsylvania. The domain was registered on June 21, 2010.

Ferry & Nicholas Not Registered in Pennsylvania

A search of the Department of State of Pennsylvania could not locate any company that began with Ferry & Nicholas that was either registered as a corporation or registered to do business in Pennsylvania.

Ferry & Nicholas   We Are Not a Settlement Company. Walks Like a Duck.

The letterhead of Ferry & Nicholas lists a number of states: Alabama, Illinois, Maryland, New Jersey, Ohio, Oklahoma, Pennsylvania, and West Virginia. A BBB search found a Ferry & Nicholas, Inc that was listed in Alabama but a search of the Alabama Secretary of State records can’t locate any company registered to do business under that name.

The BBB records say that a R. Hinkle, the same as signed the letter, is the principal contact for the company. – Source. The BBB indicates the company is a law firm but a search of the Alabama State Bar could only identify a Robin Hinkle in Tennessee. – Source

The Ferry & Nicholas Sales Pitch

The letter below was sent to a consumer.

Ferry & Nicholas   We Are Not a Settlement Company. Walks Like a Duck.

What you will notice is that the company sends a very official looking letter, that could be mistaken as coming from any number of professional companies, including a law firm. The letter states the person will be served with the lawsuit shortly. They also offer to negotiate with the creditor but in the same breath claim they are not a settlement company.

Even though they claim to not be a settlement company they say, “We will personally contact your creditor in order to reach an equitable settlement.” Confused yet?

Ferry & Nicholas Website

I found the information on the Ferry & Nicholas website to be confusing at best. In the letter they send to the consumer they claim they “may be able to settle the claim before your scheduled hearing,” but their site says the normal turnaround is about three weeks. – Source

Still, keep in mind they claim to not be a debt settlement company while you read this they say on their site:

We are not a law firm, debt settlement company, debt consolidation company or debt elimination company. Since we are not a law firm we cannot provide you any type of legal advice regarding your debt. We are mediators of debt once it leaves your creditor and then goes through the courts for resolution. Once your debt is in the courts the amount that is owed will not be lowered unless you are able to make a lump sum payment. We have been successful in getting that amount reduced from 20% to 50% depending on your creditor.

Ferry & Nicholas   We Are Not a Settlement Company. Walks Like a Duck.

Claim what they want, it’s trotting along quacking and walking like a debt settlement duck.

Other red flags on their website, no physical address listed, no identification of people behind them, no business registration found, questionable testimonials, etc.

My opinion, based on the research above, I’d run far away from these guys.

Ferry & Nicholas   We Are Not a Settlement Company. Walks Like a Duck.
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Ferry & Nicholas - "We Are Not a Settlement Company." Walks Like a Duck. by

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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.
  • megan

    I just received a letter in the mail from these guys Ferry & Nicholas, Inc and they are giving me a case number and everything and also a couple of days ago someone from VanSlam Inc put a letter in our mail box claiming to be a process server and that i need to call within 48 hours well i called and left messages and still he hasnt called back. What does this mean is it just dept collector?

  • AA

    What’s even more of an insult is that they do not even belong to the associations listed in their mailer.  

    • http://GetOutOfDebt.org Steve Rhode

      Thanks for checking. I wanted to but felt I’d lost enough of my life on it already.

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