Quick Answer: Persels and Associates appears to be a debt settlement company that handled cases from Care One, but this client discovered a $14,000 lien on their house despite being told debts were resolved after five years of payments. The recommendation is to contact Care One for clarification and consider hiring a lawyer to investigate …
Quick Answer: CareOne founder Bernie Dancel filed bankruptcy himself despite later promoting debt settlement services, creating a contradiction in the company’s messaging. The promotional letter contains an expired domain name (CareOneInfo.com) that hasn’t been owned by CareOne since 2013, suggesting poor oversight of marketing materials.As part of my junk mail program a reader sent in …
Quick Answer: Attorney model debt settlement refers to services where law firms claim exemption from state debt settlement regulations, but a Connecticut Superior Court ruled that Persels and Associates must comply with state banking regulations despite employing licensed attorneys. The court determined that while individual attorneys may be exempt, law firms providing debt settlement services …
Quick Answer: A 1099-C tax form doesn’t forgive debt or prevent collection – it’s merely required IRS reporting when creditors write off more than $600. Debtors may still owe the original debt unless the statute of limitations expired, but can potentially avoid tax liability using IRS Form 982 if insolvent.“Dear Steve,I recieved a 1099 C …
Quick Answer: Capital One can legally continue adding interest and fees to debt accounts even during settlement programs, causing this borrower’s balance to grow from $6,600 to $8,900. Debt settlement often results in higher total costs when factoring in continued interest accrual, settlement company fees, and tax obligations on forgiven debt amounts.“Dear Steve,My question is …
Quick Answer: Three debt settlement companies quoted Agatha similar timelines of 41-46 months and 50% debt reduction on her $34,000 balance, with only Accredited Care offering non-performance-based pricing. When choosing debt companies, focus on fee structure and payment terms rather than promised settlement amounts, as these estimates are often overly optimistic. I have spoken to …
Quick Answer: In the Persels & Associates class action settlement, attorneys received up to $300,000 while the 125,012 affected consumers received no financial compensation except the named plaintiff who got $5,000. The settlement requires Persels to only collect debt settlement fees after successfully negotiating with creditors.A reader and tipster (send in your tips here) sent …
Quick Answer: The Persels & Associates lawsuit appears legitimate based on public court documents showing the defendants allegedly defaulted on a binding settlement agreement after failing to make required payments. The case involves Neil Ruther, Persels & Associates, and multiple related entities who reportedly signed a settlement on the eve of trial but then failed …
Quick Answer: FTC debt settlement rules aim to protect consumers by restricting upfront fees and telemarketing practices, but industry experts debate whether the regulations go too far or not far enough. CareOne president Mike Croxson discusses how companies are finding loopholes and adapting their business models while awaiting future oversight from the Consumer Financial Protection …
Quick Answer: This post solicits consumer feedback about CareOne’s debt relief services but doesn’t present actual complaint data or records. The page serves as a review collection platform asking about customer service, fees, communication, and program success rates.Please share your experience with this debt relief company and provide your review and feedback, in the comments …
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