Quick Answer: Persels & Associates faced a 2011 Florida class action lawsuit that resulted in no consumer compensation, with the firm admitting it lacked financial resources to fund settlements alone. The company required co-defendant CareOne to provide hundreds of thousands of dollars, raising concerns about their ability to satisfy future judgments. Back in September, 2011 …
Quick Answer: Persels & Associates faces serious legal questions, as a 2012 Georgia class action lawsuit alleges the company operated an illegal debt settlement scheme by using inexperienced attorneys as shields. The lawsuit claims Persels violated Georgia’s Debt Adjustment Act by paying attorneys small fees to use their bar licenses while targeting consumers with “avoid …
Quick Answer: The CareOne vs CESI dispute appears legitimate based on court filings showing Amerix/CareOne faces losing 37% of its business and $31.5 million in 2012 revenue. The lawsuit reveals how dependent debt settlement companies can be on relationships with nonprofit credit counseling organizations for client referrals.In a recent filing by Amerix / CareOne over …
Quick Answer: CESI Debt Solutions terminated its contract with Amerix and sought help from Maryland’s Attorney General to interpret a consent order, while Amerix filed suit seeking nearly $15 million in damages. The dispute involves approximately 58,000 clients who received debt management services through the partnership between the nonprofit CESI and for-profit Amerix.Recently I wrote …
Quick Answer: CESI Debt Solutions faces a lawsuit from its back-office processor Amerix over a 12-year contract dispute involving unpaid fees from debt management plan revenues. The suit alleges CESI is trying to use an unrelated multi-state consent decree to avoid contractual payment obligations to Amerix.A tipster (send in your tips here) brought to my …
Attorney General John Kroger today announced a $4.5 million multi-state settlement that resolves allegations that AscendOne Corporation misled consumers about their debt management services.“Consumers who are struggling to manage their debt need help, not deceptive marketing of debt management plans,” said Keith Dubanevich, Chief of Staff and Special Counsel to Attorney General Kroger.Today’s settlement is …
Quick Answer: CareOne Credit Counseling is a legitimate BBB-accredited company, but it primarily serves as a marketing intermediary for underlying credit counseling providers rather than directly managing debt itself. Clients can legally demand itemized statements showing how much money is sent to each creditor and when payments are made.“Dear Steve,My boyfriend has signed up with …
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