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I Need Information About Panamerican Consulting Debt Validation

Question:

Dear Steve,

Please provide background information on Panamerican Consulting. I need information on Pan American Consulting.

Johnny

Answer:

Dear Johnny,

Let me first say that my research below is based on the same process I lay out in my online guides:

  1. The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
  2. 10 Must Do Steps to Find the Best Counseling or Settlement Company for You
  3. How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off

I always encourage people to do their research and make the best decision for themselves.

The Panamerican Consulting website at panamconsulting.com says “Panamerican Consulting is the country’s leading and most trusted debt validation firm.” I’m not sure that is a universally embraced statement. The company has a A+ rating with the BBB. – Source

I did write about Panamerican Consulting before, you should click here. The statement on that post from Ali Hajimomen, the Managing Director of Panamerican Consulting, provides additional information.

You did not provide me much to go on in your question. That is why I encourage you to do your own research.

As part of your research, you may want to look at the FTC Debt Relief Services & the Telemarketing Sales Rule.

The FTC page link can provide you with specific questions to ask the company regarding their performance or success rate. It also gives you information on how the company should calculate its numbers.

I am very confused by the Panamerican Consulting contact page. – Source

The company says it is located at 459 Broadway, New York, NY, and at 3843 South Bristol Street, Suite 308, Santa Ana, CA. Unfortunately, it looks like they just never finished updating their website.

Since you did not provide information about your specific debts, I can’t even begin to advise if a debt validation approach even begins to make sense.

See also  FTC Receiver Report Tough to Read About StuDebt, Student Debt Relief Group, SDRG, Student Loan Relief Counselors, SLRC, and Capital Advocates Group

So, do the homework I gave you and come back here and post a comment about what you decide to do.

I’d be very interested in learning their official success rate following the FTC guide I linked to. All I know is what they say on their site, “Clients who make all their monthly program payments pay approximately 50% of their enrolled balance over 24 to 60 months. Not all clients are able to complete our program for various reasons. Our estimates are based on our own professional experience and prior achieved results, which will vary depending on your specific circumstances. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time.”

Those kinds of broad statements seem to be at odds with the specific results the FTC says consumers should receive. But check with Panamerican Consulting and see if you are good with the information they give you.

Sincerely,


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Damon Day - Pro Debt Coach

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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