I started debt settlement program with allegro law firm in jan 09m like many others, icannot get thru on phone, faxes are ignored. 3 weeks ago I requested a statement of my account, never received. Can I legally stop auto withdrawal from checking account without becoming “fair game” to creditors? I will be filing complaints with AG’s in NY, AL, and WI (where I live) this week. Is Allegro legally responsible to refund all or part of my money once I have demanded this? Can I then switch to a different debt settlement agency, such as with you, Steve?
If you read the comments on that past Allegro post you will find information about how to cancel.
Once you cancel it will stop the deductions from your account but it will not return the money, if any, in your escrow account with the company. Most of the initial year of payments was taken as fees before any service was provided. Even funds that were actually saved in escrow will not be returned until the court releases them and fees for the receiver are deducted. The release process may take a year or more.
For many, bankruptcy becomes the logical next step since people will be without money, time or other solutions.
I appreciate your desire to switch to debt settlement services that I provide but I don’t provide any. In fact these days I provide no hands-on services for individuals and instead concentrate on answering questions publicly so I can help as many people as possible by sharing my answerers and experience with as many people as possible so many can learn from the situations.
When you withdraw from the Allegro program you should expect that creditors will begin to contact you again. Without payment or bankruptcy, the debt still exists and needs to be addressed.
I think you should follow all channels of complaint to express your displeasure with this situation in hopes that it creates change that prevents people from falling victim to similar situations in the future.