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Tag Archives: United Financial Systems

United Financial Systems and Christopher Boulahanis Reach Settlement With Florida AG

This is actually a picture of the UFS building that a reader sent in previously. The Florida Attorney General just made a big announcement concerning the non-profit credit counseling group United Financial Systems. This is a company that we first announced was likely to implode back in August of 2010. Unfortunately the economic impact caused by United Financial Systems will ... Read More »

Will the CFPB Outlaw Fairshare to Credit Counseling Organizations?

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I was approached not long ago by an knowledgeable industry insider with the statement that the CFPB may be already in the process of policy to outlaw credit counseling fairshare payments. You know the first reaction you might have about that statement is that it would never happen. Fairshare is that commission the creditors pay when nonprofit credit counseling groups ... Read More »

Christopher Boulahanis and Capital Debt Relief Meet Georgia

Christopher Boulahanis, who has been in the news after the collapse of his nonprofit credit counseling group United Financial Systems, appears to have made more news this year with his Capital Debt Relief company being cited by Georgia. While this action took place in February, 2011, the BBB just published this report recently according to a reader. Here is the ... Read More »

United Financial Systems Most Complained About South Florida Business

United Financial Systems is a non-profit credit counseling group I’ve written about previously, click here. The end came quickly for United Financial Systems, run by Christopher Boulahanis, and resulted in people losing money or at the very least still waiting for promised refunds that have yet to arrive. The Sun Sentinel is reporting United Financial Systems received more than 440 ... Read More »

United Financial Systems and Fidelity Debt Solutions Banned in Wisconsin

UFS-WI

Poor old United Financial System out of Florida. Looks like they promised to make client refunds in Wisconsin, did not meet the deadlines and Wisconsin closed them down. – Source Fidelity Debt Solutions out of San Diego got shut down in Wisconsin as well for operating without a debt adjustment license. It appears Fidelity Debt Solutions was given notice of ... Read More »

More on Nonprofit Credit Counseling Group United Financial Systems

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A tipster (send in your tips here) sent me a link to a recent television report on the nonprofit group United Financial Systems I’ve written about previously . As of today United Financial Systems has 679 BBB complaints filed against it and has not responded to 351 of those. Sadly as I predicted in my story “United Financial Systems Looks ... Read More »

Florida Finally Opens Investigation Into Nonprofit Credit Counselor United Financial Systems

United Financial Systems

The State of Florida has finally opened an investigation to look into the massive number of consumer complaints about the Florida nonprofit credit counseling organization, United Financial Systems. As of today there are 650 BBB complaints and 45 Florida Attorney General complaints filed. For past stories on I have written about the growing mess at United Financial Systems, click here. ... Read More »

Non-Profit Credit Counseling Group Effectively Missing in Action. United Financial Systems Leaves People Stranded.

UFS Salaries

I’ve been writing about United Financial Systems for a while now and early on I predicted United Financial Systems look primed for an implosion. In fact my article on October 25, 2010 was “United Financial Systems Looks Set to Implode. Run For The Hills!” What really disappoints me about this situation is that, for whatever reason, a 501(c)3 charity has ... Read More »

United Financial Systems Looks Set to Implode. Run For The Hills!

For some time I’ve been writing about United Financial Systems. They are a non-profit 501(c)3 credit counseling company. They’ve been around since 2001. Interestingly they still display the American Association of Debt Management Organizations (AADMO) logo on their site showing they are “Fully Certified” but AADMO went out as a trade association over a year ago. For years United Financial ... Read More »

Where Are My Missing Payments With United Financial Systems? – Kim

“Dear Steve, Never late or misses any payments to 10 large credit card debts, but had over 40000 in debt and was panicking. Joined United Finanical and have had 30 on time payments taken from our checking account every month since April 2008. Only 24 payments have been made to our 10 creditors since then….Should I hire a lawyer? I ... Read More »

Debt Management Plan With United Financial Systems Runs Off the Rails

United Financial Systems

Out of The Morning Call comes the story, Debt management firm mismanages debt, in which United Financial Systems of Margate, Florida is thrown under the bus for collecting money from a consumer and not sending it to her creditor. Oops! Greene said United Financial Systems withdrew money from her account as scheduled, but failed to make three payments to Chase ... 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 »

United Financial Systems – 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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