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Tag Archives: morgan drexen

Attorney Assisted Debt Resolution Program Said to Be Different Than Debt Settlement. How Can That Be?

In the video below put out by Morgan Drexen today and distributed with their press release (source), Walter Ledda, CEO says attorney assisted debt resolution is an alternative to debt settlement. Is it somehow magically different? [flashvideo file=/wp-content/uploads/MorganDrexen.flv /] At 0:37 and you will hear Ledda make comments to advise consumers to avoid bankruptcy. “Bankruptcy is the last resort for ... Read More »

I Want to Cancel Out of Morgan Drexen But They Say I Still Have to Pay The Fee

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“Dear Steve, I have been with Morgan Drexen for a couple of months now . I have a contract with them. so far they haven’t paid anything to my credit cards at all. they said they won’t start getting paid until about 7 or 8 months until my engagement fee is paid off with them which totals about 900.00 and ... Read More »

Morgan Drexen Not Telling The Whole Story on Fees? The Most Bizarre PR Encounter I’ve Ever Had.

What began as a simple story about a Morgan Drexen press release last week has turned into so much more. Last Friday I wrote “Is Debt Settlement Company Morgan Drexen a Flip-Flopper?” where I talked about their seemingly sudden switch from opposing the Federal Trade Commission effort to roll out new rules that regulate debt settlement companies, to applauding them. ... Read More »

Is Debt Settlement Company Morgan Drexen a Flip-Flopper?

Thanks to a great tipster (send in your tips here) I learned today that Morgan Drexen sent out a press release that was unbelievable. Debt settlement company Morgan Drexen was against nearly everything the FTC was working on in the proposed telemarketing sales rules. Even the Federal trade Commission says so in their final document. “One industry member [Morgan Drexen] ... Read More »

We Are Disabled. How Can I Get Out of My Morgan Drexen Contract? – Bob

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“Dear Steve, We just signed up with a company called MorganDrexen out of Anaheim, CA. and I just found out that they have an F rating with the BBB. Can we get out of this contract? They recceived our signed copy on Friday of last week. Please help us in any way you can. We are desparate. Thank you. Bob” ... Read More »

It’s What Morgan Drexen Doesn’t Say That’s Most Interesting

Debt settlement service provider/firm/whatever they are, Morgan Drexen issued the following press release in support of the FTC advance fee ban for debt settlement companies. Morgan Drexen Applauds the Regulatory Reform Bill The Financial Regulatory Reform Bill is Already Facing Criticism, Morgan Drexen President Steph Nagin Applauds the Reform Bill — This Will Help to Afford Consumers the Protection They ... Read More »

Morgan Drexen Debt Settlement Company Uses BP Oil Spill to Sell and Promote Their Services

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What do you think, is this video from Morgan Drexen and attorney Stephen Nagin capitalizing on the personal and economic disaster of the BP oil spill to try to sell attorney based debt settlement services? Comment. Discuss. Get Out of Debt Guy – Twitter, G+, Facebook I can always use your help. If you have a tip or information you ... Read More »

CRL Says TASC and USOBA Harm Ordinary Families at the Hands of Debt Settlement Companies

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Here is another letter sent to the FTC in support of banning advance fees for debt settlement programs. It is notable for it’s strong statements and its well documented footnotes. Get Out of Debt Guy – Twitter, G+, Facebook Comments of Michael Calhoun, President, of the Center for Responsible Lending to the Federal Trade Commission Notice of Proposed Rule-Making: Telemarketing ... Read More »

BBB Sends Letter of Strong Support to FTC to Ban Advance Fees for Debt Settlement and NoteWorld

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On July 2, 2010 the BBB of Southern California sent a very clear statement to the Federal Trade Commission and urged them to ban advance fees for debt settlement programs. Here are some highlights from that letter. On behalf of the Better Business Bureau of the Southland, I am writing to offer my strong support of the proposed FTC rules ... Read More »

It Seems Morgan Drexen Bailed on Me. – Rick

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“Dear Steve, I had accumulated debt on five credit cards. I am currently with Morgan Drexen Debt Settlement program and have been for two years. They helped me settle three of my credit cards. Now I am still paying into a trust fund. Now I am being sued by the other credit cards. It seems Morgan Drexen has bailed on ... Read More »

Debt Settlement Company Morgan Drexen Says “Debt Settlement is a Dirty Word”

In a press release sent out by black eyed Morgan Drexen praising their services they say “Debt settlement is a dirty word…” Kind of an odd point to reinforce, but oh well. I also had to chuckle that the attorney they chose to poster child for loving the Morgan Drexen debt settlement back office service, they got his name wrong. ... Read More »

It Seems Like Morgan Drexen Has Done Nothing for Me. – Adriana

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“Dear Steve, I am currently dealing with Morgan Drexen and it just seems like the haven’t done much to help me reduced my credit card debt. Who can I trust? What companies or law firms are honest and willing to help out? What are some honest and reliable companies or law firms that can help me get out of debt? ... Read More »

Morgan Drexen – 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 »

I Signed Up With Morgan Drexen for Debt Settlement. Should I Stick With Them? – John

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“Dear Steve, I signed up with Morgan Drexen. Paying $599 /month. Paid 4 times. Have debts totalling $40,000. Some back to June 2009. Carry on with Morgan Drexen? Or pay off indivdually @ 50%? John” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and ... Read More »

Minnesotta Attorney General Misses Key Point in Suit Against Firms

Yesterday Debt Rx USA, FH Financail Services, Morgan Drexen, Pathway Financial Management, and State Capital Financial were all sued by Minnesota Attorney General Lori Swanson for services they had delivered. MPR had the following story about the event. Swanson seems surprised that debt settlement companies do not deliver on the services they promise. “They’re very slick at what they do,” ... Read More »

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