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Tag Archives: morgan drexen

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 »

    Debt Rx USA, FH Financail Services, Morgan Drexen, Pathway Financial Management, and State Capital Financial – All Sued By Minn. AG for Debt Settlement Services

    justball-144x125

    Minnesotta today sued six debt settlement companies for overcharging consumers and operating illegally in Minnesota. The companies are: Debt Rx USA, FH Financail Services, Morgan Drexen, Pathway Financial Management, and State Capital Financial. The state attorney general sued six out-of-state debt settlement companies Thursday for alleged violations of Minnesota law that left consumers already struggling with their debt in worse ... Read More »

      Morgan Drexen and Some of the Consumer Complaints Against Them

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      Under a Freedom of Information request a document was obtained which contains a number of complaints filed by consumers against Morgan Drexen, the Nevada and California based debt settlement enterprise. Morgan Drexen appears to be coming under an increasing level of scrutiny and has been the subject of a number of consumer complaints and lawsuits for services. – Source Of ... Read More »

        Montana Couple Files Class Action Lawsuit Against Debt Settlement Company Morgan Drexen

        A Montana company has filed a class action lawsuit against the debt settlement company Morgan Drexen. Morgan Drexen is accused of violating racketeering laws and the Credit Repair Organizations Act. A newspaper article said: Morgan Drexen has “actively conspired’’ to avoid laws that apply to debt settlement companies and has “engaged in the unauthorized practice of law,’’ the complaint said. ... Read More »

          Debt Settlement Companies Draw Wrong Conclusion About Recent FICO Score Facts

          FICO

          In a press release by Morgan Drexen (Morgan Drexen Warns Consumers: If You Choose Bankruptcy You Could Face a Devastating 240 Point Decline in Your FICO Score) the debt settlement company draws the conclusion and states “Perhaps the difference between debt settlement and bankruptcy, when it comes to FICO scoring, is simply this: through debt settlement, the consumer is making ... Read More »

            Morgan Drexen Almost Hits the Target With Debt Settlement Petition

            justball-144x125

            Most of the news coming from the debt settlement industry these days is either about how the sky will fall if the new Federal Trade Commission guidance goes into place to control the debt settlement industry, or how it is needed. Well here is an interesting press release just out from the folks at the debt settlement company Morgan Drexen. ... Read More »

              Credit Counseling, Credit Repair, Debt Settlement and Other Scams Are Target of FTC Sweep

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              The Federal Trade Commission recently annound operation Short Change, an effort to help curb abuses of consumers by groups claiming to offer help. Here is a summary of the companies targeted under Operation Short Change. California Mezey & Associates, Inc., Campos Chartered Law Firm, The Consumer Protection Law Center dba Consumer Law Center, LLC Desist and Refrain Order issued for ... Read More »

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