Debt Relief Offers: Legit or a Scam?

Quick Answer: Most debt relief mailers are scams that use generic claims, fake government logos, and vague company information to target vulnerable consumers. The analyzed mailers showed wildly inconsistent settlement offers ($6,750-$9,750 for $15,000 debts) with no verifiable performance data or legitimate company details.As part of my I Buy Junk Mail program, Eve sent in …

Read more

Is American Debt Mediators Legit or a Scam?

Quick Answer: American Debt Mediators appears to use questionable marketing techniques and charges high fees totaling $6,394.08 over 42 months (12% of enrolled debt plus $49.95 monthly). The company delays providing important program information until after receiving the first payment, which raises red flags about their practices.“Dear Steve,She has been scammed, and it is affecting …

Read more

American Debt Mediators Review: Is It Legit?

Quick Answer: American Debt Mediators appears to use questionable practices including charging fees upfront in the first three months and operating from a virtual office space in Dallas. The company may be exploiting mail solicitation loopholes to avoid telemarketing regulations while discouraging potentially better bankruptcy options.A reader sent in a copy of a mailer they …

Read more

DMI of Plano: Is This Company Legit or Scam?

Quick Answer: DMI of Plano appears to be illegitimate based on links to Credit Answers, which ran misleading advertising campaigns falsely implying government program affiliation. The author recommends avoiding DMI and suggests researching New Era Debt Solutions instead for legitimate debt settlement services.“Dear Damon,I have a lot of credit card debt and I am getting …

Read more