A reader sent me a mailer they allegedly received from Titan Consulting Group.
The mailer listed a website for the company at titanconsultinggrp.com. That website says the company is located at 1412 Broadway, 15th Floor, New York, NY.
The State of New York says there is no company registered to do business under the name Titan Consulting Group.
However, New York State does say there are two inactive and dissolved companies named Titan Consulting Group, Inc.
For more information on checking out this or any other company, the links below may be helpful to continue the research.
- The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
- 10 Must Do Steps to Find the Best Credit Counseling or Debt Settlement Company for You
- How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off
The mailer the consumer received is below.
These types of personal loan mailers for debt relief have raised more concerns over the past few years. They appear to be an attractive marketing tool to solicit consumers to call but people are told they don’t qualify and are pitched debt settlement services, sometimes for advanced fees. You can see past similar mailers here.
The BBB has a listing for a Titan Consulting Group that says it is incorporated in Delaware. – Source
It lists management contacts as:
John Papanicoloau, CEO
Victor Bousso, COO
Reviews on the BBB site seem to imply some unhappy consumers were sold a debt settlement approach.
“This company lied to me to consolidate two of my credit cards they told me they were going to negotiate with my lenders and to make my monthly payments and instead they took $533.00 out of my account and never called my lenders”
“This is the biggest scam ever. I made the payments. I started getting nasty calls from my creditors so I canceled two months in. I was told I would get all my money back. Waited two months to hear I would only get $173.00 back. All the other money went to their fees. All they did for me is get me a worst credit rating, two payments behind on a few creditors and broke. So tell me what did they do to earn $700.00?” – Source
Titan Consulting Group does have a history of offering debt settlement services, and that’s fine.
What does raise concerns is if the company is actually making loans and located in New York then why does the company not appear to be registered to do business there? I’d also like to know if they are pitching debt settlement services to consumers, what percentage get this sales pitch.
Bottom line is the mailer raise more questions than answers.
The last thing I’d want to see is the mailer turns out to be a possible bait-and-switch piece offering a loan but settling debt settlement.
By the way, the consumer who received the mailer lives in Texas. The State of Texas says Titan Consulting Group, LLC ended its ability to do business in the state in 2015. It is unclear if that is the same company that claims to be located in New York.