CreditArbitrators and CreditAnswers Targeted by New Mexico for Alleged Illegal Activities

Credit Answers and Credit Arbitrators have been on the radar here on the site for a long time. First it was with commercials they were running and later it was with an approach they were taking by mailing a catalog of services in what appeared to be an attempt to circumvent the Federal Trade Commission … Read more

CreditAnswers Sued by Employee for Unpaid Wages

In what is looking like an ongoing wave of suits against debt settlement companies by employees for unpaid wages, the latest to be sued was Credit Answers in Texas. Other debt relief companies sued include Lloyd Ward Law Firm, ABC Debt Relief, and Credit Solutions of America. Defendant is a debt settlement company doing business … Read more

CreditAnswers Bailout Television Ad – Misleading

I just saw the Credit Answers television ad on television. The messages it contained struck me as bordering on deceptive and misleading. The impression an average viewer will get from this ad is that government bailout programs given them a right to settle their debt and that debt settlement will be less harmful than bankruptcy. … Read more

What Do You Think of Impact Debt Relief and CreditAnswers? – Shel

“Dear Steve, My wife and I are Realtors. Enough said? Our income has diminished by 80% over the past three years, thus we have incurred credit card debts in excess of $105,000. (7 different cards) I am 73 years old and my wife is is 65. We have a small income from pension and SS … Read more

What Do You Think About Credit Answers and Prestige Financial Solutions? – Jim

“Dear Steve, I have about $60,000 of credit card debt and have contacted Credit Answers and Prestige about their work out programs. i have also contacted and communicated with Money Management International. As you know the former negotiate with the creditors, and claim to work out a program where i would pay off somewhere between … Read more

Attorney General Nails Debt Settlement Companies CreditAnswers and Liberty Settlement Group.

The Vermont Attorney General announced that CreditAnswers, LLC, and Liberty Banc Mortgage Group, Inc. (doing business as Liberty Settlement Group), two companies that offer to negotiate debt settlements for consumers, have entered into settlements with the Attorney General’s Office that will result in refunds and payments to the State totaling over $70,000. In doing so, … Read more