This review is the result of an inquiry about this company.
5150 N. Sixth Street, Suite 172
Fresno, Ca 93710
The Association of Settlement Companies (TASC) reports the address as:
2152 Dupont Drive, Suite 101
Irvine, CA 92646
D&B also lists an address for Capital Debt Settlement at:
2400 S GARNSEY ST
SANTA ANA, CA 927073335
Registered on November 20, 2007 and owned by Capital Debt Settlement with contact Mark Penso but I believe it should actually be Marc Penso, the owner of Capital Debt Settlement. – Source
Debt settlement company.
The state of California as of 2-28-2010 shows no corporation or LLC listed under the name Capital Debt Settlement.
According to the TASC link on their site their name is CDS Debt Resolution.
The state of California as of 2-28-2010 shows no corporation or LLC listed under the name CDS Debt Resolution.
It is possible this company is actually doing business under Penso Holdings, Inc, 8781 Crescent Drive, Huntington Beach, CA 92646, since Pendo Holdings Inc. was doing business as CDS Loan Services and Marc Penso is also doing business as CDS Debt Resolution.
Penso Holdings, Inc is a California corporation and was registered November 13, 2007, just a week before the domain name for Capital Debt Settlement was registered.
firstname.lastname@example.org – Source
Marc Penso is CEO of Capital Debt Settlement. – Source
Phone: (877) 695-(DEBT) 3328
Fax: (866) 645-6907
Monica Avalos – Director of Client Services – Source
CDS Client Services
CDS Loan Servicces
There is an attorney in California, Marc Gentry Penso, with his office listed at 4000 Barranca Pky #250, Irvine, CA 92604. It seems odd that there would be two people with the name Marc Penso doing business so close together. TASC lists CDS Resolution as doing business at the adress with the green arrow and the law offices of Marc Penso are located at the A.
It’s a small world after all. On April 4, 2012 Marc Penso the attorney added the following comment to clear things up.
“I am Marc Gentry Penso. I am the attorney with an office at 4000 Barranca Parkway, Irvine, California. I am NOT the Marc Penso that is connected with Penso Holdings, Inc, 8781 Crescent Drive, Huntington Beach, CA 92646, I have NEVER been connected in any way with CDS Loan Services or CDS Debt Resolution. I am a Licensed Real Estate Broker, in good standing and have NEVER been reprimanded. Feel free to look up my licenses and good standing status with the California State Bar and the California Department of Real Estate.”
Capital Debt Settlement announced on March 19, 2009 they were now sending their debt management clients to Allegro Law. Allegro law was soon shut down by the State of Alabama and the attorney in charge of Allegro Law lost his law license.
Capital Debt Settlement is the outsource company for Legal Helpers to provide debt settlement services for Legal Helpers Debt Resolution. – Source
I find it very odd that it is so difficult to find who actually owns Capital Debt Settlement and the entity that owns the company.
It is also very strange that they do business under the name Capital Debt Settlement but the link on the bottom of their site for their TASC membership takes you to a page that identifies them as CDS Debt Resolution but the actual TASC disclosure statement identifies them as Capital Debt Settlement. Who are they really? – Source. At the time of this review if you entered CDS Debt Resolution into Google the only two sites in the world that had information on that company was the CDS Debt Resolution web site and TASC. – Source
I found some glaring inaccuracies in the way they portrayed bankruptcy on their site while appearing to sell debt settlement as the preferable solution. – Source
The company also appears to have been running ads claiming they could underwrite apparent loans under the Consumer Debt Initiative, which is a misleading and non-existent program. Match the phone number on this ad that ran. – Source
BBB review at the time I wrote this review.
Marc Penso was operating as a real estate broker in the State of California without a license and was sanctioned for this on April 9, 2009.
The Real Estate Commissioner of the State of California has determined from the findings set forth below that you PENSO HOLDINGS, INC, dba CDS Loan Services and MARC PENSO have violated Section 10130 of the Business and Professions Code (hereinafter “Code”) by engaging in the business of a real estate broker within the State of California without a real estate broker license.
During 2008, you have engaged in a business, for or in expectation of compensation or collection of an advance fee, you solicited or offered to provide loan modification, re-finance of a loan, or short-sale negotiation to owner of real property to modify terms of the loans on the real property. – Source
This case with Marc Penso was included in Operation Loan Lies by the Federal Trade Commission. – Source
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