SCF State Capital Financial & State Capital Financial Review

This review was the result of the mention by State Capital Financial in a lawsuit by the Minnesota Attorney General.


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.


SCF State Capital Financial’s™ 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.




“SCF State Capital Financial™ mission is to help people from all walks of life get a fresh start with their personal finances.” – Source


CEO: Richard Scott Rister – Source
Rich Rister
Richard Rister
Milla Weloff is listed as the Manager of the Texas office. – Source




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.

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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.


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State Capital Financial Web Site
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