Who Really Funds Your Debt Settlement Company? Follow the Money
I found something in ClearOne Advantage corporate filings that led me down a rabbit hole. The same PE firm funds the two biggest debt settlement companies.
Global Client Solutions
See my research, posts, and articles on Global Client Solutions, including their role in debt settlement, consumer complaints, and legal issues. Click the link to learn more!
City of Chicago Goes After Strategic Financial Solutions and Monarch Legal Group
Quick Answer: The City of Chicago sued Strategic Financial Solutions and Monarch Legal Group in July 2022 for allegedly running a fraudulent debt resolution program. The lawsuit claims these companies collect substantial fees while providing inadequate services and failing to employ actual defense attorneys to represent consumers facing lawsuits.The City of Chicago filed a lawsuit …
Debt Defense Lawsuits: When They Help or Hurt
Quick Answer: Debt defense lawsuits can hurt attorneys when they become local representatives for distant firms without proper oversight. North Carolina attorney Daniel Rufty’s $10 investment in a debt defense company led to his law license suspension and subsequent lawsuit against the Illinois-based operators.Yesterday I wrote about the misfortunes of Daniel Rufty, a new North …
I Can’t Quit the Debt Program I’m in That I Think is a Scam
Quick Answer: A person stuck in Rockwell’s debt program cannot quit due to financial constraints and is gathering evidence to help Minnesota’s Attorney General shut down the company permanently. The individual is working with Ice Legal while continuing the program to document potential fraud that could help future debt relief consumers.Question:Dear Steve,I am at the …
Did I Get Scammed by Option 1 Legal and What Can I Do?
Quick Answer: Option 1 Legal appears to be operating as a scam, having collected $6,000+ over 15 months while only settling 2 accounts and failing to handle a court summons. The consumer can likely cancel the contract, negotiate directly with creditors, and should report the company to state authorities for potential fund recovery.Question:Dear Steve,I had …
Law Firm Retainers: What They Mean for You
Quick Answer: Law firm retainers for debt settlement typically limit services to negotiating with creditors and exclude legal representation in lawsuits. Robert S. Gitmeid & Associates’ retainer agreement specifically states they won’t represent clients in creditor lawsuits without a separate agreement, though they’ll continue debt negotiations.I was forwarded several documents by a tipster (send in …
Global Client Solutions Review: Is It Legit?
Quick Answer: Global Client Solutions appears to be a debt settlement company with documented consumer complaints, including this CFPB case where a customer paid monthly fees but received liens and wage garnishments instead of debt relief. The company kept all funds as non-refundable fees when the customer requested their money back from the settlement account.Date …
Want to Know the Theme of Jeremy Marcus Deposition – I Plead the Fifth
Quick Answer: Jeremy Marcus invoked the Fifth Amendment extensively during his deposition related to FTC and Florida lawsuits against his debt relief companies, which allegedly defrauded consumers of hundreds or thousands of dollars monthly. The Fifth Amendment allows witnesses to refuse answering questions that might incriminate them in criminal proceedings.I received a copy of the …
Global Client Solutions CFPB Complaint: What to Know
Quick Answer: A CFPB complaint shows Global Client Solutions charged a consumer $5,100 in fees (nearly 80% of deposits) over 16 months before the consumer canceled their debt settlement service. The company provided a timely response and closed the complaint with explanation, though specific resolution details weren’t disclosed.Date Received: 2017-10-31T00:00:00Product: Debt settlementIssue: Unexpected or other …
Boulder Legal Group Complaints: What to Know
Quick Answer: Boulder Legal Group complaints include taking $6,368.78 from a consumer who paid $11,760 over one year without settling any of five enrolled accounts. The consumer reports receiving only vague responses about sending requests to negotiators with no actual debt settlement progress achieved.Consumer Statement: Boulder Legal Group and Global Client Solutions have taken $6,38.78 …
