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Tag Archives: morgan drexen

Morgan Drexen Debt Settlement Company Uses BP Oil Spill to Sell and Promote Their Services

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What do you think, is this video from Morgan Drexen and attorney Stephen Nagin capitalizing on the personal and economic disaster of the BP oil spill to try to sell attorney based debt settlement services? Comment. Discuss. I can always use your help. If you have a tip or information you want to share, you can get it to me ... Read More »

    CRL Says TASC and USOBA Harm Ordinary Families at the Hands of Debt Settlement Companies

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    Here is another letter sent to the FTC in support of banning advance fees for debt settlement programs. It is notable for it’s strong statements and its well documented footnotes. Comments of Michael Calhoun, President, of the Center for Responsible Lending to the Federal Trade Commission Notice of Proposed Rule-Making: Telemarketing Sales Rule Debt Relief Amendments Matter No. R4110011 July ... Read More »

      BBB Sends Letter of Strong Support to FTC to Ban Advance Fees for Debt Settlement and NoteWorld

      BBBtoFTC

      On July 2, 2010 the BBB of Southern California sent a very clear statement to the Federal Trade Commission and urged them to ban advance fees for debt settlement programs. Here are some highlights from that letter. On behalf of the Better Business Bureau of the Southland, I am writing to offer my strong support of the proposed FTC rules ... Read More »

        It Seems Morgan Drexen Bailed on Me. – Rick

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        “Dear Steve, I had accumulated debt on five credit cards. I am currently with Morgan Drexen Debt Settlement program and have been for two years. They helped me settle three of my credit cards. Now I am still paying into a trust fund. Now I am being sued by the other credit cards. It seems Morgan Drexen has bailed on ... Read More »

          Debt Settlement Company Morgan Drexen Says “Debt Settlement is a Dirty Word”

          In a press release sent out by black eyed Morgan Drexen praising their services they say “Debt settlement is a dirty word…” Kind of an odd point to reinforce, but oh well. I also had to chuckle that the attorney they chose to poster child for loving the Morgan Drexen debt settlement back office service, they got his name wrong. ... Read More »

            It Seems Like Morgan Drexen Has Done Nothing for Me. – Adriana

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            “Dear Steve, I am currently dealing with Morgan Drexen and it just seems like the haven’t done much to help me reduced my credit card debt. Who can I trust? What companies or law firms are honest and willing to help out? What are some honest and reliable companies or law firms that can help me get out of debt? ... Read More »

              Morgan Drexen – Scam, Complaint, Review, or Praise?

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              Please share your experience with this debt relief company and provide your review and feedback, in the comments section below. The goal of this page is to allow people to share information that may be important to help others to make a more informed decision regarding their experience with this debt relief company. Here are some potential questions you might ... Read More »

                I Signed Up With Morgan Drexen for Debt Settlement. Should I Stick With Them? – John

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                “Dear Steve, I signed up with Morgan Drexen. Paying $599 /month. Paid 4 times. Have debts totalling $40,000. Some back to June 2009. Carry on with Morgan Drexen? Or pay off indivdually @ 50%? John” Dear John, Morgan Drexen sure has been in the news a lot in the past year and not for really good stuff. Without looking at ... Read More »

                  Minnesotta Attorney General Misses Key Point in Suit Against Firms

                  Yesterday Debt Rx USA, FH Financail Services, Morgan Drexen, Pathway Financial Management, and State Capital Financial were all sued by Minnesota Attorney General Lori Swanson for services they had delivered. MPR had the following story about the event. Swanson seems surprised that debt settlement companies do not deliver on the services they promise. “They’re very slick at what they do,” ... Read More »

                    Debt Rx USA, FH Financail Services, Morgan Drexen, Pathway Financial Management, and State Capital Financial – All Sued By Minn. AG for Debt Settlement Services

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                    Minnesotta today sued six debt settlement companies for overcharging consumers and operating illegally in Minnesota. The companies are: Debt Rx USA, FH Financail Services, Morgan Drexen, Pathway Financial Management, and State Capital Financial. The state attorney general sued six out-of-state debt settlement companies Thursday for alleged violations of Minnesota law that left consumers already struggling with their debt in worse ... Read More »

                      Morgan Drexen and Some of the Consumer Complaints Against Them

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                      Under a Freedom of Information request a document was obtained which contains a number of complaints filed by consumers against Morgan Drexen, the Nevada and California based debt settlement enterprise. Morgan Drexen appears to be coming under an increasing level of scrutiny and has been the subject of a number of consumer complaints and lawsuits for services. – Source Of ... Read More »

                        Montana Couple Files Class Action Lawsuit Against Debt Settlement Company Morgan Drexen

                        A Montana company has filed a class action lawsuit against the debt settlement company Morgan Drexen. Morgan Drexen is accused of violating racketeering laws and the Credit Repair Organizations Act. A newspaper article said: Morgan Drexen has “actively conspired’’ to avoid laws that apply to debt settlement companies and has “engaged in the unauthorized practice of law,’’ the complaint said. ... Read More »

                          Debt Settlement Companies Draw Wrong Conclusion About Recent FICO Score Facts

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                          In a press release by Morgan Drexen (Morgan Drexen Warns Consumers: If You Choose Bankruptcy You Could Face a Devastating 240 Point Decline in Your FICO Score) the debt settlement company draws the conclusion and states “Perhaps the difference between debt settlement and bankruptcy, when it comes to FICO scoring, is simply this: through debt settlement, the consumer is making ... Read More »

                            Morgan Drexen Almost Hits the Target With Debt Settlement Petition

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                            Most of the news coming from the debt settlement industry these days is either about how the sky will fall if the new Federal Trade Commission guidance goes into place to control the debt settlement industry, or how it is needed. Well here is an interesting press release just out from the folks at the debt settlement company Morgan Drexen. ... Read More »

                              Credit Counseling, Credit Repair, Debt Settlement and Other Scams Are Target of FTC Sweep

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                              The Federal Trade Commission recently annound operation Short Change, an effort to help curb abuses of consumers by groups claiming to offer help. Here is a summary of the companies targeted under Operation Short Change. California Mezey & Associates, Inc., Campos Chartered Law Firm, The Consumer Protection Law Center dba Consumer Law Center, LLC Desist and Refrain Order issued for ... Read More »

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