Debt Relief Industry

National Debt Relief Needs a Time-Out for Bad Behavior

Written by Steve Rhode

A tipster (send in your tips here) sent in a question that made me want to investigate further. The reader said:

“I read your recent article on National Debt Relief (same ownership as Eagle One). They are notorious for allegedly setting up fake ratings sites to make consumers believe they are a top rated debt relief company.

This erodes consumer trust in the industry and should be discussed. Your site is an appropriate forum to discuss. For example, look at this site they created, which is always in the top PPC results when you search for debt relief companies: http://www.debtconsolidationusa.net/

It makes it look like they’re receiving unbiased ratings when, in fact, it is allegedly just a complete advertising website. Didn’t sellers of acai berries get in trouble for fake news sites? How long before the regulators actually get involved to shut down the fake ratings sites?

The icing on the cake is National Relief was just accredited by the BBB.”

So I took a look.

Well sure enough National Debt Relief is the top rated site.

Debt Consolidation Company Reviews - Credit Card Relief (20130227)

The debtconsolidationusa.net site says:

Hello, my name is Al and I needed help managing my debt. With so many options available, and after a lot of research; I found several reputable, honest and successful debt settlement companies. I talked with the best of them and evaluated their credentials and track records. Then I chose one to help me through the process.

These are the “best of the best” Debt Settlement Companies from my own personal research. If you think you might need help with your credit card and unsecured debt problems. – Source

It certainly gives people the impression it is an independent review site

The number one site, National Debt Relief, even has a review written that makes it sound as if there was a lot of research into them for the review site. “National Debt Relief Known for its compassionate and knowledgeable staff, National Debt Relief ranks #1 in our picks.” – Source

READ  Freedom Debt Relief / National Debt Relief - Consumer Complaint - December 2, 2016

The BBB reports Daniel Tilipman, Alex Kleyner, Tom Leydiker, and Kevin Rice are manager of this company. – Source

I Call Bullshit

debtconsolidationusa.net is owned by:

Registrant [3981659]:
Daniel Tilipman [email protected]
11 broadway
New York, NY 10004

And guess who also owns the Eagle One Debt Solutions domain:

Domain Name: EAGLE-DEBT.COM
Created on: 28-Sep-11
Expires on: 28-Sep-14
Last Updated on: 04-Dec-12

Registrant:
Guaranteed Cellutions
722 Broadway
New York, New York 10003
United States

Administrative Contact:
Tilipman, Daniel [email protected]
Guaranteed Cellutions
722 Broadway
New York, New York 10003
(718) 791-1100

And fastdebtsettlements.com is on the same server with eagle-debt.com.

It sure looks like this is a less than independent review site.


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About the author

Steve Rhode

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.

17 Comments

  • I will start by saying that this program seemed to be a good idea and it seemed to be going well for over a year. I paid 50% of my debt off, then I switched bank accounts this past year and kept calling to let NDR know that I no longer used the bank acct. they had on file but was told each time that they could not update my bank account because I had a pending withdrawal scheduled. I would argue that it wasn’t going to clear because once again, I have a new bank acct. I ended up having to pay that missed payment with my debit card and then had to wait 8 days (yes, 8 days) to call once again and update NDR with the new bank account information. Well, this is where the problem arose. One of my debtors had a payment scheduled for 7/27 but the payment from my new bank account was not scheduled to be deducted until 7/28 and then with NDR’s 8 days of additional wait time of the payment clearing in their system they lost the negotiated commitment with my debtor and my account went back to its original balance. Yes, people after months and months of payments (started in 10/2016) and over $4200 paid toward my debt – because NDR missed ONE payment, my entire account balance went from owing a little over $3k back to $9k – this is a complete joke and they actually keep insisting that I allow them to re-negotiate with the debtor and hopefully because the payment was only missed by a week, they will be considerate and re-open my account. So, basically where the $4200 went towards nobody can explain and they say that those payments wont be lost but will be applied to the new negotiated balance (which could be more than I owed previously) its like no matter what they do – I lost my money and they just wont admit it. I really want to cancel my program today and I could not be more disappointed in this company. I wasted so much of my money for nothing! Basically, I am back to square one. So, keep in mind if you miss ONE payment all that hard work, all that effort will be lost. I feel like I should have just filed for Chapter 7 at this point because all this time I tried to work at paying off my debt went nowhere, fast.

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