“Dear Steve,
I reported bankruptcy about 6 years ago and was working on rebuilding my credit with cards that I used and paid off on a regular basis. After losing a job and eventually taking an almost 50% pay reduction I was getting to the redline with my cards trying to survive while I was unemployed.
I was looking for a company that would help me deal with my creditors in a good way, hopefully reduce or eliminate the interest rates, close the accounts and set up a payment structure. I called an 800 number from a news story on TV and eventually got a call back from ResQdebt(now Greenshield Financial) The out right lied to me about the process and promise that they would deal with my creditors and keep my credit in good standing (it was around 745 at the time).
They took my money, did nothting to deal with or talk to my creditors nor make payments from my savings as stated in our conversation to keep the accounts in good standing until a payoff was able to be reached. The only way I found out about this was that I tried for a Home Loan Pre-approval to find out that my credit is now down to 520.
I tried to contact Greenshield to only find out that they closed their doors and forwarded all phone calls to a legal office (Davenport Law) that is supposed to help finish what they started. The law office now wants an additional monthly fee to handle what was already not taken care of. I am very frustrated and feel very taken advantage of as a consumer who was just looking for help and did not know where to turn.
What can I do at this point to fix the damage that Greenshield has caused to my credit. I found that my 2 creditors have submitted my accounts to collections. This company has taken my money and provided no services what so ever and now I am expected to pay more to try and fix what they messed up for me.
Ken”
Dear Ken,
Wow, you are really in a bad position. Here was the Greenshield Financial announcement at the end of 2010.
I spoke to someone that had an inside connection with the old Greenshield Financial and here is what they had to say.
First off – I am very sorry to hear of your situation. Please understand that no matter how bad it seems, you CAN get through this. There will never be a situation regarding your debt that you cannot get out of.
As for advice, I would look at your contract. If I remember correctly in their contract they have an automatic 65% refund policy of all fees paid for an unsettled accounts. I am not familiar with your specific situation but I am assuming that they did not negotiate any offers or settle any debts for you. If that is the case and you are not satisfied with 65%, please read Steve’s article called “How to Get Out of a Debt Relief Program and Get a Big Refund.”
I’m not going to talk bad about ResQdebt/Greenshield/Davenport Law. At this point it doesn’t really matter what the company name is, the company’s previous reputation, or any previous lawsuits against them. What matters is – did you receive any kind of service you were promised. If not, it does you no good for me to bash what the company did or who they are. I just want to make sure you get out of this in the quickest time possible.
Depending on how much you have saved up and how much you get from this refund, it may be enough to get the ball rolling with paying off some cards. At this point you have the choice to either just pay that money to your cards at full balance or to pay that money towards a negotiated settlement. Either way the next 9 months may require you to have a lot of inner strength and dedication towards getting out of debt.
Either way, I hope this information helps.
Anonymous
Okay, so the bottom line is this, you will either need to try to find an existing responsible party and go after them for a refund, start the entire process over with Davenport Law, or consider bankruptcy to quickly eliminate your debts.
You can click here to find a local bankruptcy attorney and if you’d like a second opinion about your situation or a personal consultation by another debt coach, please feel free to contact
Please post your responses and follow-up messages to me on this in the comments section below.
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4 years ago I went to Resqdebt and after paying their upfront fee, (I don’t recall how much) they helped negotiate a settlement amount with Citibank who was trying to sue me. After Resqdebt told me the balance of their fee, I saw I couldn’t afford them and Citibank too. I threw an hysterical fit over the phone and they graciously cancelled the rest of their fee. I’ve paid off Citibank and was surprised to hear of Resqdebt’s bankruptcy; I never had a problem with them and am sorry so many others have. If I had read the negative reviews 4 years ago, I would have settled with my debt myself.
Greenshield FS is the same company as Davenport Law. They are both owned by Brandon Davenport, who is an attorney. I would also recommending contacting the State Bar. I have heard many times of them moving Greenshield clients over to Davenport Law, but charging new fees for these people. Be glad you aren’t getting screwed by them anymore.
https://getoutofdebt.org/20126/…
This has worked for many of our current clients…….
Ken The article Angelo just mentioned is here. If you use one of those guys to rescue you, please let me know about it so we can give them props.
@46a13eb4e96b99ba373d2f111f4fd52b:disqus
@46a13eb4e96b99ba373d2f111f4fd52b:disqus Hopefully you will be able to recoup some of the fees paid but yous till have to address the debt. There are a few companies that have offered to help consumers who were taken advantage of by upfront fee based companies by providing settlement services for $199 per account. Check out Steve’s article on his Life raft project and best of luck !!
Davenport Law has told me that they can not take over my account from Greenshield and refuse to help me. I have since reported Greenshield FS to the BBB to no avail. They did not respond to my complaint. Now I have taken it a step further and filed a formal complaint with the Texas State Attorney’s office here: http://www.texasattorneygeneral.gov
I would recommend anyone else to also go file a complaint with them as this is probably the only way that something may be done for those of us that GS took money from and never delivered the services promised.
Davenport Law has told me that they can not take over my account from Greenshield and refuse to help me. I have since reported Greenshield FS to the BBB to no avail. They did not respond to my complaint. Now I have taken it a step further and filed a formal complaint with the Texas State Attorney’s office here: http://www.texasattorneygeneral.gov
I would recommend anyone else to also go file a complaint with them as this is probably the only way that something may be done for those of us that GS took money from and never delivered the services promised.
@46a13eb4e96b99ba373d2f111f4fd52b:disqus Hopefully you will be able to recoup some of the fees paid but yous till have to address the debt. There are a few companies that have offered to help consumers who were taken advantage of by upfront fee based companies by providing settlement services for $199 per account. Check out Steve’s article on his Life raft project and best of luck !!
Ken The article Angelo just mentioned is here. If you use one of those guys to rescue you, please let me know about it so we can give them props.
https://getoutofdebt.org//20126/how-to-get-out-of-a-debt-settlement-program-and-get-a-big-refund
This has worked for many of our current clients…….
Greenshield FS is the same company as Davenport Law. They are both owned by Brandon Davenport, who is an attorney. I would also recommending contacting the State Bar. I have heard many times of them moving Greenshield clients over to Davenport Law, but charging new fees for these people. Be glad you aren’t getting screwed by them anymore.
His Bar number is 24044848. You will need this when you call to file a complaint.Â