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Tag Archives: Noteworld

NoteWorld Makes Smart Move And Says ‘No’ to Debt Settlement Companies Charging Advanced Fees

In a move that seems aimed at the attorney model of debt settlement which is designed to circumnavigate the FTC telemarketing sales rules on debt settlement services, NoteWorld, one of the two primary escrow companies for consumer funds, said they would not accept companies that do not adhere to the new FTC rules. NoteWorld has spent the last three months ... Read More »

Frank Linder, Esq. Sends In Additional Supporting Documentation Regarding Alleged Raid Against Evan Kagan, Esq. Kagan Responds.

Exhibit1-FBL

In a situation that is one of the strangest I’ve seen in the debt relief world, two debt relief groups are going nose-to-nose with allegations and denials of raids and malfeasance. I first reported this story here but new information and supporting documentation has been submitted by Frank Linder, Esq. of FBL Associates. UPDATE: See response from Evan Kagan, Esq. ... Read More »

Is the Government Going to Freeze GCS and NoteWorld Client Accounts?

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“Dear Steve, I work for a small Debt Settlement Firm in the midwest Is the Government going to Freeze GCS and Noteworld Client Accounts? Given GCS’s problems with the FDIC (and having to switch banks) and Senator McCaskill pledging to subpoena GCS and Noteworld before the Senate Banking Cmte, should I worry that our client accounts are going to be ... Read More »

My Debt Settlement Firm FBL Associates Won’t Answer the Phone and Now I’m Panicking. – Tony

FBL Associates Contact Us

“Dear Steve, I was contacted by LGF(Life Guard Financial) one day explaining how they have my file and that I qualified for their help. They knew all my information (debt amount ,SSN, etc…) so it sounded more legit at the time. They told me how President Obama passed laws to assist people like me get out of debt. With the ... Read More »

ESP Software and P&E Solutions Stopped Putting Money in Our NoteWorld Account And Now It’s Empty. What Do We Do Now? – David

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“Dear Steve, In February 2010 my wife and I enrolled in a ESP software program from P&E solutions for a period of three years. Three payments of $468.97 each were made to a Noteworld bank account in March, April and May. Then in June 2010 no money was taken. We called them and found out that the Noteworld account had ... Read More »

Are Global Client Solutions and NoteWorld Going to Start Dropping Debt Settlement Companies?

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As I write this article there are only 40 days till the first part of the new Federal Trade Commission telemarketing sales rules (FTC TSR) kick in on September 27, 2010 regarding truth in advertising and good faith estimates. With all of the debt settlement entities that third-party escrow companies Global Client Solutions and NoteWorld provide services for, how in ... Read More »

Global Client Solutions to be Called to Testify Before the Senate Commerce Committee

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In what could be a first step towards a mortal wound for Global Client Solutions and similar companies like NoteWorld, Senator McCaskill has said that Global Client Solutions will be called to testify before a Senate Committee. This is especially telling since Global Client Solutions, through its partner, Rocky Mountain Bank, has been advised to know their debt settlement customers ... Read More »

Listen to the Lies This Marketing Company Tells Consumers to Sell Attorney Based Debt Settlement Services

I’ve previously written about the attorney model debt settlement firm approach that some debt settlement companies are rushing towards in an effort to circumvent any fee ban that may be put in place. The logic is that attorneys are exempt from most laws so if an attorney is doing debt settlement then it must be okay to do. The reality ... Read More »

NoteWorld Loses BBB Accreditation Due to Relationship With Debt Settlement

Here is an interesting fact that just came up in another story I just published. Apparently NoteWorld Servicing Center had its BBB accreditation yanked for being affiliated with the debt settlement industry. The BBB states: Why Accreditation Revoked On April 29, 2010 this company’s accreditation in BBB was revoked by BBB’s Board of Directors due to engaging in activities reflecting ... Read More »

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

BBBtoFTC

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 »

How to Try to Get a Refund From a Debt Relief Company

How-To

Here is my definitive guide on how to get out of a scam and git it your best shot at getting your money back. Warning, it will take some work, but it can be effective. “The steps listed in How to Try to Get a Refund From a Debt Relief Company should represent a consumer dropping a “nuclear bomb” on ... Read More »

I Went with Simon Bosch and NoteWorld and Don’t Have Enough Money to Settle. – Miguel

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“Dear Steve, I sign up with Simon and Bosch in Sep last year .I have 29K in debt. The young lady said the would keep the first 2 payments of 378.00 for charges and the rest will accumulate in Noteworld. A law firm call me yesterday of one of my debtors and the said they will settle 7900.00 debt for ... Read More »

NoteWorld, NoteWorld Servicing Center, Nationwide Support Services and Freedom Debt Center Slapped With Class Action Suit

There was a very recent class action suit against NoteWorld, NoteWorld Servicing Center, Nationwide Support Services, and Freedom Debt Center. Both Nationwide Support Services and Freedom Debt Center are TASC members. – Source. Joanne Garneau, the CEO of Nationwide Support Services, serves on the Executive Board of TASC. – Source I would not be surprised to see more similar suits ... Read More »

Kentucky Signs Into Law New Tough Debt Adjusting Law That Regulates Debt Settlement Companies and Others

Kentucky Debt Adjusting Fees

I’ll admit I’m a bit late with this news but on April 13, 2010 Kentucky signed into law a new tough set of rules that regulate credit counseling, debt settlement and foreclosure assistance. FRANKFORT, Ky. — Gov. Steve Beshear was joined today by Kentucky Attorney General Jack Conway as he signed into law HB 166, a consumer protection bill that ... Read More »

Noteworld – 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 »

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