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Liberty Settlement Group is Taking Money From My Mother. – Kathy

“Dear Damon,

My mother has been paying Liberty Settlement Group for almost 3 yrs. She is 72 and recently admitted to hospital- went to check her mail and phone messages. In the mail she received a letter stating that “once you have completed the initial fee payment period of your program and your entire monthly draft is allocated to your program savings, a monthly maintenance fee of $52.50 will be assessed to maintain your debt settlement”, this is from Debt Talk Liberty Settlement Group of Newport Beach, CA.

She is now receiving phone messages wanting her to settle a debt- one she had given to Liberty Settlement. I became suspiciuos , and it seems rightly so.

Can you help? She has paid $207.14 for 34 months, she thinks her bills will all be paid in full with a last payment in October 2011. I found what paperwork I could, was going to check it on computer, but found at the “summary of account”- Company will provide Client with online access to view their account activity on a daily basis. Company will provide Client with a user name and password after the enrollment period is complete. She does not have, nor know how to use a computer. Please let me know if you can help? Thanks!

Kathy”

Dear Kathy,

Yes, I will send you a private email. I would like to see the contract that your mother signed and any contact information you have from the company.

I will contact the company and see what I can find out for you.

Damon is a talented independent debt coach that provides in-depth assistance and consultations for people struggling with debt. If you want a personal debt coach to help you through a difficult situation or want assistance to find secret discounts offered by debt settlement companies I think Damon Day is an excellent person to contact for advice and assistance. He can be reached directly at DamonDay.com

If you have a debt related question you’d like to ask, just use the online form.

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About Damon Day

Damon Day
Damon Day is a talented Debt Coach who offers fee based consultations to consumers as an alternative to the typical free debt relief consultations which are nothing more than thinly veiled sales pitches lacking any real information to help a consumer make a good decision. You can learn more about how he can protect you from getting ripped off at DamonDay.com
  • Dinalicious75

    oh, my email is dinalicious75@hotmail.com if you have any advice you can pass along… thank you.

  • Dinalicious75

    i also have been completely ripped off from liberty. it now appears that they have just vanished off the map. i paid them about $6,000 over the course of 3 years (maybe a bit more actually) to settle 3 debts for me, they settled one, and then disappeared. i have contracts and emails of correspondence, but they took my money and ran so what can i do now? their email address is gone and their numbers don’t work anymore. is there some kind of class action suit that can be filed? 

    • Lagolucas

      me and my wife also been ripped of also for$ 6,200 my story is the same so what can be done

      • http://GetOutOfDebt.org Steve Rhode
      • Dave LaPoint

        Hi Steve,

        I’m in the same boat as other people. Paid 303.00 a month for 2 yrs and have 16,000 in debt and they paid 1 bill for 500.00 and I owed that much. Lucky I was able to get 3300.00 from Global that was left in my acct but they took 2500.00, but know my debts are in collections and there going after me for a lot more than the debts I had when started 2 1/2 yrs ago and one of credit card company had a marshall take 2600.00 from a CD i had so now I took my money from the bank and I’m getting sued left + right and there going after my pay at work. What can I do? I can’t sue liberty there gone. Please help me in the right direction. My home email is dlap6969@gmail.com. Thanks Dave LaPoint

      • http://GetOutOfDebt.org Steve Rhode

        Dave,

        Sounds like it is time for bankruptcy, which would have most likely prevented all the difficulty you went through.

        Let’s start with the basics.

        I’d suggest you first read How to Get Out of Debt. The Honest and Unvarnished Truth and The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, and Bankruptcy. They will give you a great overview of what we need to deal with to get you moving in the right direction.

        Then use the free How to Get Out of Debt Calculator to review your options.

        After that, come back here and comment about what seems to make the most sense and let’s discuss that.

        Does that sound like a reasonable approach?

        Steve

  • Ctasd2004

    Damon,

    My wife and I have been duped as well By Liberty Settlements in Houston TX.  Took all their fees and We were left holding the bag……  Can you please help us?

    Craig
    Ctasd2004@gmail.com

    • http://DamonDay.com Damon Day

      Hello Craig,
      I will send you an email and you can give me the details of your situation. Hopefully I can help work something out for you.

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