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Tag Archives: credit answers

Can Credit Answers Really Negotiate My Debt? – Olga

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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 to transfer balances to make ... Read More »

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 Financial & International Independent News ... Read More »

International Association of Professional Debt Arbitrators – IAPDA Certification Exposed

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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 about what the logo represented ... Read More »

CreditAnswers Bailout Television Ad – Misleading

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I just saw the Credit Answers television ad on television. The messages it contained struck me as bordering on deceptive and misleading. The impression an average viewer will get from this ad is that government bailout programs given them a right to settle their debt and that debt settlement will be less harmful than bankruptcy. Watch the ad below and ... Read More »

CreditAnswers – Scam, Complaint, Review, or Praise?

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Please share your experience with this debt relief company and provide your review and feedback, in the comments section below. The goal of this page is to allow people to share information that may be important to help others to make a more informed decision regarding their experience with this debt relief company. Here are some potential questions you might ... Read More »

Regulation of Debt Settlement Companies Looming

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This is a guest post by Kenneth Long, President of Fiscal Progress. If you would like to submit a guest post for publication, just send me an email to [email protected] Steve On September 25, 2008 the Federal Trade Commission (FTC) held a public workshop to explore the for-profit debt settlement industry. Panelists representing debt settlement companies, consumer advocates, regulators and ... Read More »

What Do You Think About Credit Answers and Prestige Financial Solutions? – Jim

“Dear Steve, I have about $60,000 of credit card debt and have contacted Credit Answers and Prestige about their work out programs. i have also contacted and communicated with Money Management International. As you know the former negotiate with the creditors, and claim to work out a program where i would pay off somewhere between 25% and 50% of the ... Read More »

New York Attorney General Announces Nationwide Investigation Into Debt Settlement Industry

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Subpoenas Fourteen Debt Settlement Companies and One Law Firm in Connection with Probe Debt Settlement Companies Often Charge Huge Fees for Misleading Plans, Suggest Selling Blood Plasma to Raise Funds, and Leave Consumers in Worse Financial Shape NEW YORK, NY (May 7, 2009) – Attorney General Andrew M. Cuomo today announced a nationwide investigation into the debt settlement industry, subpoenaing ... Read More »

Eleven Companies Settle With The State Under New Debt-Management And Credit Counseling Regulations

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Colorado Attorney General John Suthers announced 3-12-2009 that enforcement actions taken under debt management laws that came into effect last year have resulted in settlements from 11 companies. “In this current economy, consumers need to be particularly careful about offers to eliminate debts and erase negative information from credit records,” Attorney General John Suthers said. “Consumers should avoid paying large ... Read More »

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