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Home > Ask The Get Out of Debt Experts > Almost All the Money We’ve Paid Allegro Law to Settle Our Debts Has Gone to Fees. – Bob

Almost All the Money We’ve Paid Allegro Law to Settle Our Debts Has Gone to Fees. – Bob

“Dear Steve,

After ever increasing interest charges on our accounts, we found that we could not keep up the monthly payments. We thougtht if we could space them out that we would eventually pay the bills. Allegro Law made this sound as if it was the answer to our problems. So far, we have had no help from them.

Is there any way for us to recover any of the more than $11,000 that we have paid into Allegro since December 2008. To date they have paid $800.00 on one of our accounts. My debts are $120,000. We believed Allegro that we could pay our creditors over a period of five years. So far all that we have been told is that our money is going for lawyer fees. We have $947 in Escrow.

Please help. We do not know where to turn.

Bob”

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The Answer

 

Dear Bob,

I am so sorry to hear about your experience. It is unfortunately not uncommon when working with a debt settlement company. Allegro Law has been in trouble lately and in fact it’s lawyer owner has lost his law license for three years.

The folks that you have been primarily dealing with are probably working for Americorp in New York, the underlying service provider. There is a very interesting post about this online.

Based upon the experience of others, I would suggest that if you want any chance at getting some of your money back that you contact Allegro and let them know that unless you get a refund you will contact the Attorney General in the state where you live and Alabama, along with the BBB to file a formal complaint against them. And if they refuse, then file the complaints.

It is doubtful that your debts are going to get settled in this program and unless you can afford $2,400 a month in a debt management program payment you are probably headed towards bankruptcy. But what the hell, after this experience your credit is already shot and bankruptcy will only begin to clean it up.

I’m very interested in what happens and what Allegro Law says when you ask for your refund. Please keep me posted in the comments section of this question.

Big Hug!

Almost All the Money Weve Paid Allegro Law to Settle Our Debts Has Gone to Fees.   Bob
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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.
  • noemi mangual

    my name is noemi mangual i had an account with allegro law and i have about 5,000 biuilt in the escrow they stopped working with me no info given and i want my money back i lost my account info. so please send me info on my account information…you can check with my name only you should get information with just that….

  • http://[email protected] cynthia lubecki

    i want my money

  • http://Website jean

    Allegro Law is in bankruptcy now.

  • MARIA

    HI STEVE,I SIGNED UP W/ALLEGRO 4 MONTHS AGO FOR $45.000 and they are paying my creditors evry month ,but i can’t get in touch w/them even after i left a lot of messages because i need to know the balance .A just read the articles about what happend and i am so worried.What should I do ? Thanks

  • Marla

    Dear Steve,

    I’ve been paying Allegro law since July of last year, I just got summons and I’m being sued. It looks like the best thing to do is file for bankruptcy. Would I be able to get some money back from Allegro? Is so what would be the first step?

    • http://GetOutOfDebt.org Steve Rhode

      Marla,

      Your first step is to notify your bankruptcy attorney of your participation in the Allegro Law mess. Next. keep following the AllegroLaw Receivership.com site and maybe one of these days they’ll actually have rolled out a claims procedure for you to make a claim to recover some money. Don’t expect the money you paid in fees back.

      Steve

  • hERBERT HOOD

    For 9 Mons we sent Allergo $2700.00 During this time they sentout three letters (so they tell me) And We have only $700.00 in escro Thoes were very expenseive letters.

    We would like all of our monyes back

    Thank you Herb & Jean Hood

    • http://GetOutOfDebt.org Steve Rhode

      Herbet,

      It is doubtful that you will get all your money back. Much of the money was already taken by Allegro and no longer around for a refund. You will need to file a claim for a refund with the court appointed receiver. Go to AllegroLawReceivership.com and follow the claim process there.

      Steve

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