“Need mortgage relief….debt life solutions contacted me …..they are telling me everything I want to hear! I am an r.e agent so am aware of scams out there. Do you know anything about them ? When googled some canadian company called cambridge life solutions comes up as well with a lot of negative stuff being said about them….
Are they legit ? They want me to set up a trust acct. With Meracord ……to which I deposit my “newly calculated payment in” and not pay my mtg company…. they say they show my bank that I am making payments into acct. And use it as negotiating power……. hope you know something about them. Thank you”
Debt Life Solutions is a U.S. company that claims to be located at 616 Corporate Way, Suite 2-4000, Valley Cottage, NY 10989. – Source
Just on face value the red flags are flying. The address appears to be a virtual office or mail drop. Not too comforting.
The State of New York has no company registered to do business under the name Debt Life Solutions.
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So, in giving Debt Life Solutions the benefit of the doubt, I went to see if they are licensed to operate in those states. Florida-No, Texas-No, Oregon-No, South Carolina-No, and Arkansas-No. None of those states had any listing for the company as being registered to operate in their states.
The Debt Life Solutions website isn’t even really that old. It was registered on March 17, 2012 and the domain ownership is hidden.
So far there is no way to confirm who is even responsible for Debt Life Solutions and their website is silent about that as well.
This is just my opinion, and it is solely based on my initial investigation and review of the Debt Life Solutions website but there is no way I’d turn to any company with the red flags they’ve got. I can’t even tell if they are even properly licensed to be in business.
Feel free to believe whatever you want from them but at the very least, check them out further.
I would recommend that anyone considering using such a company should read the following two guides.
- The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
- 10 Must Do Steps to Find the Best Credit Counseling or Debt Settlement Company for You
I’d also suggest you talk to a HUD Housing Counselor and get a free review about your situation and learn what programs are available to assist you with your mortgage.
And finally, consider this point, if they reached out to you they are trying to sell you something. I’m not surprised the salesperson would latch on to the victim statements that resonate.
Please post your responses and follow-up messages to me on this in the comments section below.