This review was the result of the mention by State Capital Financial in a lawsuit by the Minnesota Attorney General.
Address:
1920 E. Hallandale Beach Blvd. Suite 806
Hallandale Beach, Florida 33009
800 North Shoreline Blvd, Suite 1000
Corpus Christi, YX 78401
Sources say the company used to be located in Austin, Texas.
954-549-2362
SCF State Capital Financial’sâ„¢ corporate headquarters is located in Corpus Christi, Texas. It is from this location that we are able to service our clients nationwide. Branch office also in Hallandale Beach, Florida. – Source.
I was unable to find SCF State Capital Financial registered to do business in Florida.
Website:
Description:
“SCF State Capital Financialâ„¢ mission is to help people from all walks of life get a fresh start with their personal finances.” – Source
Management
CEO: Richard Scott Rister – Source
Rich Rister
Richard Rister
Milla Weloff is listed as the Manager of the Texas office. – Source
Contacts
clientservice@statecapitalfinancial.com
Relationships
Chris Kesterson
Katherine Kesterson
Interesting Points
I do like the fact they warn consumers against dealing with debt settlement companies that don’t have a physical office address and not a PO Box or mail drop. – Source
It does confuse me why the company is doing business out of a physical location in FLorida but does not appear to be registered as a foreign corporation in Florida. And while there is a brief mention here and there of State Capital Financial being headquartered out of Texas, there is little mention of that office or operation from alternative sources.
The company was sued by the Minnesota Attorney General for its debt settlement services. Read information here.
Here is a very interesting story about the relationship between the President of TASC, Chris Kesterson, and Scott Rister.
As a former employee of this company I have seen it all. Chris bought out Scott and they parted ways. Chris decides now, After ripping off so many people that he wish’s to pursue his former employees to testify on his behalf against Scott, his former partner. Chris is spending thousands of dollars to get out of the buy out because he knows Scott, does not have the money to fight him. Scott, opened State Capital financial in Austin Texas but now resides in Florida. His mommy, Katherine Kesterson, AKA Katherine K still lives in Dallas and pretty well runs both companies. She is seen quite frequently in DSA doing a job on Chris. (Katherine K is the ex-wife of Chris Kesterson and the mommy of Scott Rister). – Source
Well apparently there is some truth to the allegation. Scott Rister was listed as “a Debt Settlement America owner and Managing Director.” in a case between FH1 Financial Services (they go by FH Financial Services) and Debt Settlement America. Fh Financial Services was another company that was included in the lawsuit by the Minnesota Attorney General. How ironic.
Scott Ristter also testified that at Debt Settlement America he was “managing director and also supervise marketing, sales, and contracts departments.” In testimony, Scott Rister, stated Katherine Kesterson was a sales employee for Debt Settlement America.” – Source
Scott Rister also previously worked at Credit Solutions of America for a short period of time, another company that has been sued by several states. – Source
BBB Reviews & Ratings
The Company has two different BBB files.
The Texas report:

The BBB Texas review at the time I wrote this review.

The BBB Florida review at the time I wrote this review.
Complaints
- State Capital Financial SCOTT RISTER I agree with Both complaints. This company is a fraud! They ignore you when you get sued and do not live up to any expectations whatsoever. I know of people in this industry. Money thieves! Hallandale Beach, Corpus Christi, Florida
- State Capital Financial SCF Scam, Rated F on BBB, Scrupilous Fees, No Guarentees and No results, Fees are collected before any work is done and it doesnt matter they are not good company and will not give you results. hallandale , Florida
- Debt Settlement America And State Capital Financial Girly feud between owners ripping off people Dallas Texas
- I want my money back. They were suppose to talk to my credit cards and get the payment lowered and they never did.
Picture of Web Site
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If you want ot see what kind of person brian offner is go to ujsportal.pacourts.us and look at his real back ground it is very impressive you will see he has a bench warrent out for his arrest rate now real good guy there credit mind set sounds like a scam to me so be very careful when dealing with this company
I was struggling with debt before but now after 12 months I have a lien on my house, 2 lawsuits pending, dozens of collection calls and SCF State Capital Financial has done NOTHING. I have paid money for their exorbitant fees and I want my money back. I have contacted the Attorney General’s Office of Connecticut, Attorney General’s Office of Florida, the FTC, and the BBB of Southern Florida. The contact (Jackie) in Hallandale, FL was rude and hung up on me when I tried to speak to her. Now, I am I am angry. That good people going through hard times looking for a lifeline of help swimming in debt got the anvil of despair while sinking.
Michael
I was struggling with debt before but now after 12 months I have a lien on my house, 2 lawsuits pending, dozens of collection calls and SCF State Capital Financial has done NOTHING. I have paid money for their exorbitant fees and I want my money back. I have contacted the Attorney General’s Office of Connecticut, Attorney General’s Office of Florida, the FTC, and the BBB of Southern Florida. The contact (Jackie) in Hallandale, FL was rude and hung up on me when I tried to speak to her. Now, I am I am angry. That good people going through hard times looking for a lifeline of help swimming in debt got the anvil of despair while sinking.
Michael
Katherine Kay in Hallandale, Florida is a swindler. She stole money from me and I want it back!
DO NOT TRUST SCF, THEY SCAMMED US OUT OF OVER $8,000 AND REFUSED TO RETURN CALLS OR LETTERS…HOW THEY ARE STILL A COMPANY IS UNBELIEVABLE…NO ONE SEEMS TO WANT TO STEP IN AND STOP THESE ROBBERS FROM STEALING FROM PEOPLE JUST TRYING TO GET OUT OF DEBT. IT IS DISGUSTING THAT THIS IS ALLOWED TO GO ON, BELOW IS A COPY OF THE LETTER WE SUBMITTED TO BBB WHICH SCF JUST STATED WE WERE CONFUSED AND THE BBB JUST CLOSED THE CASE AND THAT WAS ANOTHER WASTE OF TIME AND EFFORT FOR US JUST TRYING TO GET SOME JUSTICE. I STILL FEEL SICK WHEN I THINK OF HOW MY FAMILY GOT SCAMMED AND WE ARE IN WORSE DEBT WITH MANY LAWSUITS AGAINST US…
In the summer of 2008, my husband and I were in serious credit card debt.After being buried in interest and late charges we began searching for help. Our local paper had an ad for State Capital Financial for credit and debt consolidation help. After a few weeks of phone conversations with Senior Debt Specialist Mark Burns, he came up with a plan to affordably make 1 monthly payment and pay off our debt within 3 years. We were instructed to change our phone numbers(to prevent creditor harassment),not speak to any of our creditors and to forward all statements and correspondence from any credit companies to them. We were compliant with all their instuctions and the monthly debits began in Sept 2008 – $901.76 for the first 5 months, and then $368.90 for months 6-15. After month five,we were instructed to save an additional $502.75 in our own personal account for debt negotiations. We were switched to four different counselors within the past year and a half.Only once were we contacted by SCF to settle a small account for James’s CC, but it was never followed through. We are currently being sued by 3 of our credit card companies,and not one debt has been resolved. Over the past 4-5 months, we have been attempting to contact our debt counselor, with no response.It was not until we left a message threatening legal action,did we get a call back from a NEW counselor,we had never even heard of. He said he was about to settle a Citibank account for us, so we called them as well. The credit agency for Citibank informed us they have never been contacted by SCF ever and after following up with others none of them had been contacted either.We paid SCF $7828.90 and all we have gotten from that is more debt and lawsuits. They have not followed through with their service promised and refused to contact us. I have sent emails,letters and called every contact there and have not gotten one response. I had to pay my bank to stop debits from them and we are sick over the amount of money this company has taken from us. Please help us resolve this issue and get our money back so we can actually pay the companies that we owe it to.