Subscribe to our mailing list

X

Credit Answers Hides Behind DMI Mailer to Consumers

By on December 22, 2010
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:

DMI
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.


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.

READ  Credit Answers Loopholing TSR With the Catalog Approach?

Last step, fill out the information below or call us for Priority Assistance.

What problems are you having with your report?

Your first name is required. Your first name is required to be at least 2 characters. Your first name cannot be longer than 50 characters.
Your last name is required. Your last name is required to be at least 2 characters. Your last name cannot be longer than 50 characters.
Your email is required.
Your phone is required. Your 10 digit phone number is required.
Your state is required.
Your age is required. Your age must be greater than 18. Your age must be less than 100.

By clicking on the "Contact Me" button above, you consent, acknowledge, and agree to the following: Our Terms of Use and Privacy Policy and to receive electronic communications. We take your privacy seriously. That you are providing express "written" consent for Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply), even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list. Consent is not required as a condition to utilize Debt.com services and you are under no obligation to purchase anything.

By clicking on the “Contact me” button above, you consent, acknowledge, and agree to the following: (1)That you are providing express “written” consent for Lexington Law Firm, Debt.com or appropriate service provider(s) to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS – charges may apply), or dialed manually, at my residential or cellular number, even if your telephone number is currently listed on any internal, corporate, state or federal Do-Not-Call list; and (2)Lexington Law’s Privacy Policy and Terms of Use and Debt.com’s Terms of Use and Privacy Policy. Consent is not required as a condition to utilize Lexington Law or Debt.com services and you are under no obligation to purchase anything.

About 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.

18 Comments

  1. D E Hunter

    December 6, 2011 at 2:10 am

    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

    • Steve Rhode

      December 6, 2011 at 3:27 am

      • jme

        August 18, 2014 at 5:09 pm

        Hi Steve,

        I read your article regarding settling credit through mediation companies like DMI. I received a letter from them in regards to my credit card debt. I spoke wt a rep from their company and he had told me that the acct will just appear closed after repayment and that we will be able to re-apply for new credit cards with no difficulty. Is that true? The company thinks they can remove about $5000 from our current debt. Is this too good to be true? Is there something I should ask them that he left out or I didn’t think of? Help!!! I would really appreciate your input. Thanks so much!

        https://getoutofdebt.org/24554/credit-answers-hides-behind-dmi-mailer-to-consumers

        Best,

        Jaymie

        • commonsenses

          July 25, 2015 at 3:58 pm

          use your common senses! if you have no business with them just ignore them.

  2. Wslifesolutions

    October 15, 2011 at 9:58 pm

    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?

  3. Brendasalzano

    August 26, 2011 at 12:00 am

    I have shared this on facebook and twitter.  I am disgusted with this company’s tactics.  They continue to send me this same letter even after I wrote them and told them to stop.  

  4. Beckere83

    August 2, 2011 at 10:26 pm

    I am getting these letters sent to me with my ex’s name on it… he has not lived with me since 2 years ago AND 3 addresses ago. How do I get them to stop??? 

    • Steve Rhode

      August 2, 2011 at 10:47 pm

      You could try calling them.

      • Mark Aurelius

        August 2, 2011 at 11:10 pm

        What does calling DMI do?
        1. gives them another phone number for you
        2. links your number to other illicit data-mining these criminals engage in
        3. gives your telco or cell provider the same information about your calling patterns
        4. makes the thugs at DMI laugh

  5. Khiller15

    June 23, 2011 at 2:08 pm

    Thank you for the heads up on this! I received my “Final Notice” they call it today.

  6. Khiller15

    June 23, 2011 at 6:08 pm

    Thank you for the heads up on this! I received my “Final Notice” they call it today.

  7. Kimarkp

    June 13, 2011 at 8:31 pm

    Do you know anything about In Charge Debt Solutions or Debt Reduction Sevices (Freedom Debt Relief)?  Who is your top recommendation for a Debt Consolidation loan?

    K.P.

  8. Kimarkp

    June 14, 2011 at 12:31 am

    Do you know anything about In Charge Debt Solutions or Debt Reduction Sevices (Freedom Debt Relief)?  Who is your top recommendation for a Debt Consolidation loan?

    K.P.

  9. Scrub Me Nuts

    March 26, 2011 at 6:42 pm

    http://www.bbb.org/dallas/busi

    Nice BBB score — F!

  10. Jason Taylor

    December 22, 2010 at 12:40 pm

    What is up with the various “Silver” and “Gold” plans? They need to call the Titanium plan the “Your getting sued plan”

  11. Jason Taylor

    December 22, 2010 at 5:40 pm

    What is up with the various “Silver” and “Gold” plans? They need to call the Titanium plan the “Your getting sued plan”

Share a Comment / Leave a Reply

%d bloggers like this: