I have credit card debt and lost my job and then my husband lost his job. He had 2 heart attacks and cannot find a job. I contacted Thomassen Law Group and I thought I understood their process, but I am not sure now. They have been taking app. $600 a month out of my checking and put it into an account, but nothing is being paid and I am getting calls around the clock. They said it will take 3 years and they will start making settlements with my creditors. I am sick that I probably didn’t make the right decision.
What do you think about this company? Have I made a big mistake. I just wanted to pay everything with a more reasonable payment. A combined payment.
If you were both unemployed and he was recovering from heart attacks I can’t see how a debt settlement approach, as you describe, would be the logical approach.
From your description it sure sounds like a situation where the first solution would be a chapter 7 consumer bankruptcy. This would eliminate your debt in about 90 days and allow you to move forward with less stress and worry. Certainly that’s advantageous for someone that just survived two heart attacks.
Here is the interesting thing about the Thomassen Law Group website that raises a number of red flags for me. While there is a Marilyn Thomassen that is a lawyer in California, she lists her address as 1918 Dover Drive, New Port Beach, CA and her phone number as 877-262-7775. That contact information does not match the address of the Thomassen law Group
According to the State of California there is no company under the name Thomassen Law Group that is registered to do business.
The address listed for the company, 402 W Broadway, Suite 400, San Diego, CA 92101 is a virtual office and there is no way to know if that is the actual physical office address. – Source
The domain ownership is hidden and you can’t identify who actually owns the domain name.
Even the Thomassen Law Group website does not specifically state Marilyn Thomassen is licensed to practice law in California and you’d have to check to see if she is licensed to practice law in your state. – Source
The lawyers page on their website does not specifically state who the lawyers are. – Source
It wasn’t until I went to the BBB report that there was any specific statement that Marilyn R. Thomassen is listed as president and her California Bar license number is 166309. – Source
At the very least, it would be worth it to identify the licensed attorney in your state that is representing you.
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.
Once you’ve identified a company you want to work with, then follow my step-by-step guide on what you should look for and expect from a good debt relief company.
Please post your responses and follow-up messages to me on this in the comments section below.