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What is Your Opinion on This Mass Joinder Law Suit Against Wells Fargo? – Damon

“Dear Steve,

What is your opinion on the Mass Joinder law suit vs Wells Fargo initiated by Kramer Kaslow? Mesa Law Group is pushing me towards doing it, but when I google the lawsuit it sounds like most people think it is nothing more than a big scam. I would be very interested in hearing your opinion.

Thanks for your time!

Damon”

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

Dear Damon,

I have no opinion on the merits of the underlying lawsuit in these mass joinder cases. My concerns arise over the marketing and often flat out lies people are being told to get them to pay thousands and thousands of dollars to join the suits.

I’ve seen the commission schedules and the marketing agents are getting paid way too much money and that just drives up the cost to consumers and is more likely to result in deceptive marketing. You can see some of the commission schedules here.

This effort to sell participation in mass joinder cases began in California. The State of California issued this warning to consumers.

My advice would be to first seek a second opinion from a real estate attorney licensed in your state before you shell out big bucks.

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 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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