New Era Debt Solutions is a for-profit debt settlement company based in Camarillo, California. Here’s how to research them yourself — CFPB complaints, BBB profile, enforcement history, and what to ask before you enroll.
Quick Answer: Both CDRI and AFCC appear to be industry trade groups focused on protecting debt settlement company fees rather than consumer interests. The Consumer Debt Relief Initiative (CDRI) launched in January 2021 claiming to protect consumer access to debt settlement, but their messaging suggests prioritizing industry profits over acknowledging faster alternatives like bankruptcy.An email …
Quick Answer: New Era Debt Solutions appears legitimate according to debt experts, with transparency about performance being a key differentiator from competitors. The company quoted this consumer 23% fees over 48 months at $500/month, which is higher than their advertised 14-15% rate.Question:Dear Steve,I am about to sign up with New Era Debt Solutions are they …
Quick Answer: Connecticut issued cease and desist orders against three debt relief companies in April 2012: The Mortgage Law Group, The Law Office of Macey Aleman & Searns, and Attorney Process Solutions. The state sent formal notices by certified mail and imposed civil penalties for providing unwelcome debt relief services.Readers of the site will know …
Quick Answer: New Era Debt Solutions is a full-service debt settlement company based in Camarillo, CA that negotiates with creditors to reduce consumer and business debt. The company claims to have earned an A+ BBB rating after challenging the bureau’s standard F rating for debt settlement companies.Company NameNew Era Debt SolutionsOwners/ManagersDan Smith – PresidentAlex Viecco …
Quick Answer: New Era Debt Solutions achieved an A+ BBB rating by prioritizing customer needs, maintaining full FTC compliance, and operating without advance fees in an industry where most debt settlement companies receive F ratings. The company’s transparent data reporting and adherence to new federal regulations helped distinguish it from competitors who cannot provide necessary …
Quick Answer: New Era Debt Solutions exited TASC after industry leaders discussed circumventing FTC telemarketing rules rather than complying with them at a Las Vegas conference. Co-founder Alex Viecco predicts only 40 debt settlement companies operate ethically with consumers’ best interests in mind.I just got off the phone with Alex Viecco, the VP and Co-Founder …
Quick Answer: New Era Debt Solutions resigned from TASC (trade association) immediately due to disagreement with industry tactics that allow debt settlement companies to collect upfront fees through methods like fake “face-to-face” meetings. The resignation occurred after a debt settlement leadership conference in Las Vegas that apparently showcased practices New Era considers unethical.New Era Debt …
Quick Answer: Performance-based debt settlement is more consumer-friendly than advance fee models, according to New Era Debt Solutions’ Alex Viecco. The debt settlement industry originally operated on performance fees until new companies switched to upfront collection after the subprime mortgage collapse to improve cash flow.Here is an interview with Alex Viecco from New Era Debt …
Quick Answer: New Era Debt Settlement appears legitimate based on a monitored case where they settled $26,700 in credit card debt for $7,185 plus $3,605 in fees. The company follows industry standards by collecting most fees only after successful debt settlement.New Era Debt Solutions scored some MAJOR points with nationally syndicated columnist Terry Savage in …
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