Comments on: A Review of the Everest Debt Solutions Debt Settlement Client Agreement

By: Steve Rhode

Steve Rhode — Mon, 01 Mar 2010 22:49:27 +0000

Jamie,

If you can’t keep making payments and you want to avoid collection activity and lawsuits by creditors you should contact a local bankruptcy attorney and talk to them about bankruptcy before you jump at any other solution. It does not sound like credit counseling would be appropriate in your situation and it does not sound like you have a lot of money on hand to offer settlements to creditors right now.

I’ll add the J. Hass Group to my list to review.

Steve

By: Jamie

Jamie — Mon, 01 Mar 2010 19:48:00 +0000

Do you know anything about J. Hass or Consumer Debt Counceling Group? I am in a similar situation as others and have just signed an agreement. I asked my contact to suspend the agreement because I found a report on BBB for J. Hass assigning them an “F,” and they have had 81 (resolved) complaints. I really need to do something – I cannot make upcoming payments. I do not want to make my situation worse, however.

By: Steve Rhode

Steve Rhode — Wed, 02 Dec 2009 21:19:01 +0000

Tonya,

It sounds like you are smart enough to read between the lines. You might want to fill out the appropriate forms with your bank to stop the ACH deduction as well.

Steve

By: tonya

tonya — Wed, 02 Dec 2009 21:15:51 +0000

Personally, I have out a payday loan-bad IDEA-I know. It was for $300.00 and I have paid $990.00. I have sent them a letter to stop deducting the monies and explained the District of columbia laws to them. If you do not have a money lenders license in DC, you are in violation of consumer lending laws/Payday Act. I should not make general statements but this company is not defending themselves at all. So, what’s a girl to think? Why not just respond to my letter and be done with the customer inquiry.

By: Steve Rhode

Steve Rhode — Wed, 02 Dec 2009 19:40:59 +0000

Tonya,

I could not find any quick evidence that Everest Cash Advance or Everest Debt Solutions are part of the same company. It doesn’t mean they are not, just that I could not find a common bond.

Why do you say they are crooks?

Steve

By: tonya

tonya — Wed, 02 Dec 2009 19:14:19 +0000

Thank you for this article. Does anyone know if this company is related to Everest Cash Advance.com? If they are, these are crooks. If there is a relationship, I would like to know their address because you cannot find anything on this Everest Cash advance.com. I also ask because the logo of the blue mountain peaks are the same. This company does not list an address, only a an email and 800 number. thank you for anyone who can assist.

By: Steve Rhode

Steve Rhode — Fri, 30 Oct 2009 13:10:41 +0000

So what did they do for you for $4,000?

Steve

By: Got out

Got out — Thu, 29 Oct 2009 19:48:39 +0000

We paid them their fees that were about 4,000 and about 2100 in our GCS bank account that I don’t know if we will get back, we are waiting to see if it shows up like they said it would.

By: Steve Rhode

Steve Rhode — Thu, 29 Oct 2009 18:27:14 +0000

So how much had you paid EDS?

Steve

By: Got out

Got out — Thu, 29 Oct 2009 16:53:07 +0000

We cancelled our agreement with EDS and have settled almost all our debt on our own in a very short amount of time. We took a hardship on my husband’s 401K, which may not have been smart, but saved us from bankruptcy and we have settled two cards at 40% and one at 50%. I can’t believe how easy and nice the collection agencies were to work with. One of them even told us not to settle for 40% a lot of companies are setteling at 30% because it is better than getting nothing in a bankruptcy. He even asked if EDS had told us that that company didn’t work with debt settlement companies and the collection agency was told not to even speak with them. When we cancelled our EDS they didn’t really even ask any questions, just said to email or fax that we were quitting, didn’t even try to resolve any issues. I’m so glad we are done. I don’t know if it would have helped right away to call the credit card companies, but I wish we would have tried and saved ourself the fees that EDS charged.

Thanks for your help!

By: Steve Rhode

Steve Rhode — Thu, 29 Oct 2009 00:16:40 +0000

I’m glad I was able to help you in some small way. It is quite a coincidence that you just happen to have received the same client agreement so shortly after I reviewed it. My review was intended to point out areas that needed clarification or led to additional questions. And from that my hope was that it would help to decipher some of tis fairly standard agreement stuff and give the company the opportunity to respond to help provide some transparency, explanation or enlightenment.

If you asked the company any of the questions I raised, I’d like to hear how they responded.

Steve

By: SDSantiago

SDSantiago — Tue, 27 Oct 2009 16:39:19 +0000

Thank you so much for this. Currently drowning on about $16,500 of credit card debt. With our first baby on the way my mind went into desperate mode. I’m thrilled to have found your forum and I can honestly say it has saved me a lot of headaches and heartaches. As we speak I am replying to an email that EDS sent me which included this very same agreement. I am declining of course. But the timing was impecable. Thank you Steve. Now to try and figure out what to do next…

By: Steve Rhode

Steve Rhode — Mon, 19 Oct 2009 18:58:38 +0000

Thom,

Excellent, maybe they can finally give me some answers to my questions and clarify some points I raised in my review.

Steve

By: Thom

Thom — Mon, 19 Oct 2009 18:55:48 +0000

LOL — I am still reading this — you have outdone yourself. All that keeps popping in my mind is that you will be contacted by their council any moment now.