My Business Folded and The Debt Answer Said They Could Help. – Blakey

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“Dear Steve,

I had a business that folded beginning of 2010 that left me with about $150k of unsecured debt.

I contacted the Debt Answer (Lloyd Ward & Associates) in March 2010 to negotiate my debts down.

I am now being sued by one of my creditors and others are threatening.

I have been paying Lloyd Ward & Associates $1192 per month for ten months and because they front-load their fees I don’t have enough to settle any debts.

Now I am being sued by one of my creditors and others are threatening.

I have retained a bankruptcy attorney and am moving forward there as I can see no other option.

I want a refund from Lloyd Ward & Associates as they have done virtually nothing and have more than 10K of my money.

I sent a certified letter to them asking for a refund and stating that I would report them (as you outlined in another post).

I was wondering if you could forward my complaint to your non-disclosed persons at Lloyd Ward & Associates to help me in my quest for a refund.

I cannot believe I fell for their sales pitch and waited so long while they did nothing.

Thanks!

Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

Blakey”

Dear Blakey,

I will gladly forward your request above on and ask them to comment here.

From what you wrote it looks like you are following the process I wrote here, How to Get Out of a Debt Relief Program and Get a Big Refund.

Make sure you follow the entire process and don’t stop with just the one letter.

Please post your responses and follow-up messages to me on this in the comments section below.

Damon Day - Pro Debt Coach

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Steve Rhode Debt Coach and Author
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.
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12 thoughts on “My Business Folded and The Debt Answer Said They Could Help. – Blakey”

  1. These companies keep popping up with their sleazy sales pitches taking advantage of families that are under a lot of stress from their financial situation. Don’t Fall For The Pitch!

    Reply

  4. Hi Steve,

    I did a reverse IP lookup of thedebtanswer.com and these websites are all on the same IP – leading me to believe they are all owned by the same person/company:

    1. Aaadebtrelief.com
    2. Abcdebtrelief.com
    3. Bestdebtoptions.com
    4. Bestoptionsbenefits.com
    5. Bestrateoptions.com
    6. Debtconsolidationlawfirm.net
    7. Debthelp-consolidation.com
    8. Fastdebtconsolidation.net
    9. Joinlloydward.com
    10. Lawfirmdebtconsolidation.com
    11. Lloydwardlawfirm.com
    12. Netdebthelp.com
    13. Thedebtanswer.com

    I spoke to someone at Lloyd Ward & Associates just a few minutes ago, and he implied that since I started with Simon & Bocksch that they got most of my money and then he said he would research more and get back to me.

    I signed up with The Debt Answer, not Simon & Bocksch – and by the looks of it from these domain names, Lloyd Ward and Associates ARE The Debt Answer. His implying that Simon & Bocksch got my money (and thus will need to refund me) is somewhat concerning.

    Steve, what are your thoughts on this information?

    I will be updating this ticket with all the details of my ordeal.

    Thanks,

    Blakey

    Reply

  5. Hi Steve,

    I did a reverse IP lookup of thedebtanswer.com and these websites are all on the same IP – leading me to believe they are all owned by the same person/company:

    1. Aaadebtrelief.com
    2. Abcdebtrelief.com
    3. Bestdebtoptions.com
    4. Bestoptionsbenefits.com
    5. Bestrateoptions.com
    6. Debtconsolidationlawfirm.net
    7. Debthelp-consolidation.com
    8. Fastdebtconsolidation.net
    9. Joinlloydward.com
    10. Lawfirmdebtconsolidation.com
    11. Lloydwardlawfirm.com
    12. Netdebthelp.com
    13. Thedebtanswer.com

    I spoke to someone at Lloyd Ward & Associates just a few minutes ago, and he implied that since I started with Simon & Bocksch that they got most of my money and then he said he would research more and get back to me.

    I signed up with The Debt Answer, not Simon & Bocksch – and by the looks of it from these domain names, Lloyd Ward and Associates ARE The Debt Answer. His implying that Simon & Bocksch got my money (and thus will need to refund me) is somewhat concerning.

    Steve, what are your thoughts on this information?

    I will be updating this ticket with all the details of my ordeal.

    Thanks,

    Blakey

    Reply

  6. Steve,

    A fact I left out: When I first signed up with the Debt Answer, the law firm I was dealing with was Simon & Bocksch – but have since been re-assigned to Lloyd Ward & Associates.

    I have a feeling there is a connection between these two law firms…do you know what the connection is?

    Thanks.

    Blakey

    Reply

  7. Steve,

    A fact I left out: When I first signed up with the Debt Answer, the law firm I was dealing with was Simon & Bocksch – but have since been re-assigned to Lloyd Ward & Associates.

    I have a feeling there is a connection between these two law firms…do you know what the connection is?

    Thanks.

    Blakey

    Reply

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