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Tag Archives: Expert Settlement Professional

Meracord, Noteworld, and Fidelity and Deposit Company Hit With Class Action

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While the flood of lawsuits against debt settlement companies has slowed considerably yet one more class action has been added against Meracord, Noteworld, and Fidelity and Deposit Company of Maryland. This time in Arizona. The complaint provides a very long description of the alleged actions and conspiracy between the debt settlement escrow company and the companies they elected to work ... Read More »

Meracord / NoteWorld Still Taking a Beating Over Debt Relief Activities. Drags Many In.

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Courthouse News is reporting a new class action suit has been filed against Meracord (NoteWorld) and other for debt settlement activities. This 50 page complaint was filed by Steve Berman ([email protected]) with Hagens Berman Sobol Shapiro in Seattle and makes similar allegations as other suits have. The suit damns companies that have worked or are working with Meracord. It’s like ... Read More »

Washington Class Action Suit Refocused on Lloyd Ward and Meracord

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Back in July a class action lawsuit was filed against Meracord (formerly NoteWorld) and Lloyd Ward, the Dallas debt settlement attorney who has sued my wife and I. The first compliant filed was a bit meandering and did not focus that much on the activities of Ward and his debt settlement companies. It appears the filing attorneys and firms have ... Read More »

Reader Wants to Know What’s Up With NoteWorld Lawsuit

A reader sent in a comment, “I have been following the Noteworld class action suit from afar. Are you aware of a settlement in this case? Thanks for all the good work you do out there and your help with this is much appreciated.” I have not checked on the case in a while, so here is an update on ... Read More »

NoteWorld Hit With Class Action RICO Suit

Thanks to a tipster (send in your tips here) we discover that NoteWorld was just hit with a lawsuit on behalf of consumers against Noteworld, LLC (“Noteworld”), claiming the Tacoma, Wash. company has violated the Racketeer Influenced and Corrupt Organizations Act (“RICO”) by engaging in a conspiracy to defraud consumers by extracting exorbitant fees from trust accounts related to useless ... Read More »

Put a Fork in P & E Solutions, Vertexsoft Corporation, and Safe Trust Financial.

The bankruptcy trustee in the Chapter 11 bankruptcy cases involving Safe Trust Financial, P & E Solutions and Vertexsoft Corporation requested an emergency motion on May 19, 2011 to seize the companies and convert the bankruptcy filings to a terminal Chapter 7 case. Unfortunately this almost guarantees the clients of those debt relief companies, as creditors’, will receive little in ... Read More »

What is Going on With Expert Settlement Professional? They Are Missing. – Donna

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what is the story with Expert Settlement Professionals….what is going on here I subscribed, I am paying for service, they are no longer reachable by phone or mail; fbl asso, the contact legal agent no longer represents customers; they are still receiving payments from us are they legitimate; where can they be reached; all my contacts are either disconnected or ... Read More »

Debt Settlement More Popular Since Obama Passed The Credit Card Act or How to Make Stuff Up to Sell Debt Settlement

How It Works

Here is a video of a guy that is selling debt settlement services that includes ESP software. [flashvideo file=/wp-content/uploads/DebtCollectorAffiliates.flv /] His initial assertion is that debt settlement is a new solution that has emerged in the last year and a half. The video is a classic example of what consumers are being told about why they should buy in to ... Read More »

I Got a Sales Call From U.S. Consumer Support. Have You Heard of Them? – Michele

“Dear Steve, Ever heard of “US Consumer Support”? I received a phone call on my cell phone from a number in Wyoming, from someone claiming to be from “US Consumer Support”. Her voicemail said that she was contacted “on my behalf” about possible debt settlement and that I was listed as “preapproved” for some amount around $31k. She left 866 ... Read More »

Self-Directed Debt Settlement Software Cuts Fees Significantly to Settle Debts

Dave VanderVeer has developed a consumer self-directed debt settlement approach. I had the pleasure of discussing his approach and software with him. You can hear the full interview below. As Dave observed, consumers are getting bombarded by many debt settlement companies making false promises and charging high fees upfront for services they may never deliver. Using the SelfDirectedDebtSettlement.com approach the ... Read More »

Expert Settlement Professional (ESP) Debt Settlement Product from P&E Solutions, Appears There is a Big Problem

Here is a tip that I received about ESP debt settlement software. The tip was sent to me at [email protected] If you have a industry tip, send it in. I just wanted to give you a nugget of insight on the ESP product. You are definitely on to something. This group is swaying companies right and left to join in ... Read More »

One Debt Settlement Contract That Includes – Phillips Financial, Expert Settlement Professional, NoteWorld, Global Logistics Enterprise, FBL Associates, Prepaid Legal and National Asset Exchange

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Here is an excellent example of how confusing and convoluted the debt settlement industry has become. Phillips Financial is a debt settlement company that has people sign a contract for their services that includes services provided by seven different or interrelated companies. Imagine having to contract with seven different companies to get the services promised to you by just one ... Read More »

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