Tag Archives: credit answers
- Indiana Going After or Looking at a Number of Debt Relief Companies
According to the Office of the Attorney General of Indiana, they are going after a number of debt relief companies and have filed recent suits. The Attorney General’s Office filed lawsuits against: Consumer Credit Group of Florida and Proactive Planning Solutions of Arizona for violating Indiana’s Do Not Call Law and Auto-Dialer Act known as [...]
- CreditArbitrators and CreditAnswers Targeted by New Mexico for Alleged Illegal Activities
Credit Answers and Credit Arbitrators have been on the radar here on the site for a long time. First it was with commercials they were running and later it was with an approach they were taking by mailing a catalog of services in what appeared to be an attempt to circumvent the Federal Trade Commission [...]
- Colorado Cancels or Revokes Debt Settlement and Credit Counseling Company Licenses
The State of Colorado has apparently revoked or canceled the licenses of Vortex Debt Group, Square One Debt Settlement, New Life Debt Relief, Nationwide Support Services, CSA, Credit Solutions of America, and Credit Answers. The following credit counseling group license was canceled through withdrawl, National Foundation for Debt Management. [Update: For clarification, please be advised [...]
- I Went with Credit Answers and Now Owe More Than My Original Debt With Chase. – John
“Dear Steve, Hello Steve, I hope you can help me with current situation. – Had $15K debt on Chase card after the divorce. And with income cut in half, I was having difficulty making payments. But I am still paying for two other credit cards ($7,500) – Sought help with Credit Answers in 2009, hoping [...]
- Morgan Drexen Running TV Commercial for Debt Settlement Clients. Says It Is Exempt from FTC Rules.
So what is the truth about Mogan Drexen? On one hand they claim, as was stated in the recent West Virginia Attorney General suit about them to “merely provide paralegal services to lawyers engaged in debt settlement activities on behalf of clients.” Even their own website says: Morgan Drexen provides integrated legal software and paralegal [...]
- How Reputable is DMI of Plano, TX? – Teresa
“Dear Damon, I have a lot of credit card debt and I am getting overwhelmed over it I am confused as to what debt settlememt company I can trust How reputable is DMI of Plano TX Teresa” The Answer: Hello Teresa, I wouldn’t touch DMI with a 10 foot pole based on what I found [...]
- Tipster Wants to Know, are Credit Arbitrators and Credit Answers the Same Outfit?
A tipster want to know if Credit Arbitrators was the same company as Credit Answers. I took a look at the two websites and discovered they have the same picture of the same office building they work in. I’ll let you comment and judge. Click image for a larger view. Certainly an interesting coincidence. And [...]
- Credit Answers Loopholing TSR With the Catalog Approach?
Recently I published a couple of articles on the Debt Mediation Initiative approach used by Credit Answers. See this article, and this one. What I had neglected to publish previously was something a great tipster had sent in showing how Credit Answers was continuing to collect monthly fees for services from month one after the [...]
- Credit Answers Still Pushing Debt Mediation Initiative. USOBA Kicks Them Out.
A tipster sent in the following mailer that went out recently to consumers. It is another version of the Credit Answers mailer I covered in Credit Answers Hides Behind DMI Mailer to Consumers. The mailer included a link that led to a web page that used the USOBA logo as you can see in the [...]
- Credit Answers Hides Behind DMI Mailer to Consumers
Thanks to a great tipster I received a mailer that was sent to consumers. The envelope looks official and comes from: DMI 6200 Tennyson Parkway Suite 200 Plano, TX 75024 The letter inside is the first mention of Credit Answers in the small print on the bottom. It is also the first place we learn [...]
- National Debt Relief Initiative – Marketing Fakery. Shame on You Credit Answers.
I see consumers are still asking me about mailers they are getting that look like official government documents and have a return address of: National Debt Relief Initiative PO Box 96503 #10680 Washington, DC 20090-6503. As you can see by the image below, the self sealing mailer certainly appears to be an official mailing by [...]
- CreditAnswers Government Bailout – Debt Relief Television Commercial
Commercial Name: CreditAnswers Government Bailout Record Date: 11-08-2010 Network/Channel: Retro TV Description: 1-800-572-1308. This appears to be the exact same commercial which I reviewed in April, 2010, here. Here is what I previously said about this commercial. “Do you know if you qualify for the credit card bailout program?” “If your credit card debt is [...]
- Can Credit Answers Really Negotiate My Debt? – Olga
have $90000 cc debt. signed on with credit answers. until june 2009 have paid monthly cards steadfastly. Credit Answers asked 11% fee. Have been paying now for 4 months and banking monies. monthly payment to my savings account is $1500, which I can handle (cc cards were going to lift interest rates with no opportunity [...]
- Offshore Debt Settlement, Morgan Drexen, Badges, Elizabeth Warren, Bed Intruder, CROA, and More – Podcast
Here is this weeks podcast where Damon Day and I talk about a number of debt industry issues including: Debt settlement companies settling up offshore enterprises to sell services back to U.S. residents. The odd statements made in the recent Morgan Drexen press release. You can watch video from the release here. What is the [...]
- International Association of Professional Debt Arbitrators – IAPDA Certification Exposed
Loyal readers may have observed that I routinely never mention IAPDA, the International Association of Professional Debt Arbitrators (IAPDA) or even mention that a company may display their logo as being a member. It’s not that I’ve not noticed their logo displayed on sites, it’s that many in the industry have disparaging things to say [...]