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Is Preferred Financial Services a Scam? – Darryl

“Dear Steve,

I live in California. What do you know about Preferred Financial Services at http://www.pfsdebtrelief.com/? Do you recommend or not recommend them? Thank you for your time.

Darryl”

Dear Darryl

I think I’ll let the review of Preferred Financial Services I just did for you do the talking for me. Read it and let me know what you decide to do.

Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

P.S. Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

READ  Regulation of Debt Settlement Companies Looming



About the author

Steve Rhode

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.

14 Comments

  • We are NOT a scam….We have a B rating on the BBB…a less then 1% ration of complaints in the 9 years we have been in buisness. You consumers need to realize that even your FAVORTIE restaraunt will have complaints, but you still go there correct? PFS is accredit with the USOBA and the Merrimack Valley Chamber of Commerce so it’s far from a scam…We are able to save people thousands of dollars an d hundreds on a monthly basis to help BETTER their financial situation. You have to understand there are pros and cons of every buisness, but 95% of our clients ARE satisfied and we do exactly what and how we explained. You also need to be careful. there are other companies with the same name in different parts of the US>..the legitimate company is out of Andover MA…and we are liscenced and bonded in several states. How could we be fraugelent when we take no up front fees or charges?? We are a PREFORMANCE based companie…if you dont have a full understanding of the debt settlment process then that is your fault for not asking enough questions to your program advisor..We help people the best way for their situation bottom line…

  • Preferred Financial is a total ripp off . They do not do anything that You cant do yourself .they will flat out lie to You . They got over 2000 $ from Me. every one of My creditors has served Me and are taking Me to court .I beleived there BS and they have gotten Me in big trouble .They tell You that they have talked to Your creditors and have handled it then You get served . They do nothing but help themselves .

  • Preferred Financial is a total ripp off . They do not do anything that You cant do yourself .they will flat out lie to You . They got over 2000 $ from Me. every one of My creditors has served Me and are taking Me to court .I beleived there BS and they have gotten Me in big trouble .They tell You that they have talked to Your creditors and have handled it then You get served . They do nothing but help themselves .

  • When I first read about PFS, I had pulled up an article that appeared to be an ad on CNN’s website. It was very professional, but explained how the new credit card legislation would hurt (rather than help) consumers. The information was very misleading, luring the consumer into their services. This is a much more informative site:

    http://www.creditcards.com/cre

    There are smart techniques to get out of debt, but PFS appears to be a scam compared to doing it yourself. I would recommend http://www.creditinfocenter.com instead. This is a FREE do-it-yourself credit repair site which explains everything from calculating your own credit score, obtaining a free credit report, paying down debt (the smart way), and negotiating with the credit card companies when push comes to shove. I have cleaned up my report (which had three mistakes) and negotiated my interest rate with my credit card company. If you are willing to be just as persistent as PFS, some CC companies will forgive some of your debt if they think that you are about to go bankrupt (in which case they would loose all of your debt). This may be a tempting offer, but it should still be used only in the worst case scenario because it can damage your credit. You will want to know how the forgiven debt will show up on your credit report.

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