Credit Answers Hides Behind DMI Mailer to Consumers

Thanks to a great tipster (send in your tips here) I received a mailer that was sent to consumers. The envelope looks official and comes from:

6200 Tennyson Parkway Suite 200
Plano, TX 75024

The letter inside is the first mention of Credit Answers in the small print on the bottom. It is also the first place we learn that DMI stands for Debt Mediation Initiative.

Of real concern to me is the sentence:

Once your credit cards have been renegotiated and settled, all three major credit bureaus are to be notified by your creditor that your debt has been satisfied and paid in full for less than the total balance.

The problem with that information is that it gives the consumer the possible perception that creditors report to all three credit bureaus, which they do not, and that the service will only improve the credit. In fact, that part of the debt settled will appear as a bad debt and the process of settling will result in a negative credit history of delinquency.

The letter encloses the following catalog that is the first prominent mention of Credit Answers.

The catalog also has the IAPDA logo on the back and the Goldline Research logo which is not what it seems and means little to nothing.


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.

Damon Day - Pro Debt Coach

I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here.

18 thoughts on “Credit Answers Hides Behind DMI Mailer to Consumers”

  1. Today I received a letter from a company named DMI are them for real or scammers? I saw your article.

    D. Hunter Des Moines, Washington

  2. I wonder how they decide who to mail their “catalog” to because I don’t have any debt issues. A follow-up letter to their catalog estimates $30,001-$40,000″ in debt that I do not have.  Are they just mailing randomly trying to hook people who are in trouble?  And that’s legal to deceive people?


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