Meracord, Noteworld, and Fidelity and Deposit Company Hit With Class Action

While the flood of lawsuits against debt settlement companies has slowed considerably yet one more class action has been added against Meracord, Noteworld, and Fidelity and Deposit Company of Maryland. This time in Arizona. The complaint provides a very long description of the alleged actions and conspiracy between the debt settlement escrow company and the … Read more

NoteWorld / Meracord Loses Arbitration Agreement With Court

An interesting development in the NoteWorld / Meracord world and a court case involving an arbitration agreement. The Ninth Circuit Court of Appeals heard the case between Amrish Rajagopalan and NoteWorld. Apparently NoteWorld tried to rely on the arbitration agreement the debt settlement company had in their agreement to compel this situation out of court … Read more

Washington Class Action Suit Refocused on Lloyd Ward and Meracord

Back in July a class action lawsuit was filed against Meracord (formerly NoteWorld) and Lloyd Ward, the Dallas debt settlement attorney who has sued my wife and I. The first compliant filed was a bit meandering and did not focus that much on the activities of Ward and his debt settlement companies. It appears the … Read more

Reader Wants to Know What’s Up With NoteWorld Lawsuit

A reader sent in a comment, “I have been following the Noteworld class action suit from afar. Are you aware of a settlement in this case? Thanks for all the good work you do out there and your help with this is much appreciated.” I have not checked on the case in a while, so … Read more

NoteWorld Hit With Class Action RICO Suit

Thanks to a tipster (send in your tips here) we discover that NoteWorld was just hit with a lawsuit on behalf of consumers against Noteworld, LLC (“Noteworld”), claiming the Tacoma, Wash. company has violated the Racketeer Influenced and Corrupt Organizations Act (“RICO”) by engaging in a conspiracy to defraud consumers by extracting exorbitant fees from … Read more

Intertwined Safe Trust Financial, Vertexsoft, and P&E Solutions All File Bankruptcy. Blame FTC.

On February 7th Safe Trust Financial, Vertexsoft Corporation and P & E Solutions all filed for Chapter 11 bankruptcy protection. What follows is a review of the documents filed in that case to date. As of the date of this article, the case is ongoing and clients have been receiving notices from the bankruptcy court. … Read more

Reader is Frustrated With Credit Care Corp and P&E Solutions.

I get a lot of tips and emails from readers. What you will find below is one very detailed email I received from a reader recently that talks about their frustration with a number of companies. The reason I am posting this email is because it is the second time I’ve heard a similar story … Read more

How Can I Start a Class Action Suit Against P&E Solutions? – Marjorie

“Dear Steve, Used P& E as a debt settlement company. Took my money never paid a debt. Ruined my credit. P&E Solutions took all the money I gave them, 3K, and never paid a debt. My credit is ruined now and I received a letter saying all my personal information has been “stolen”. Now, I … Read more

Frank Linder, Esq. Sends In Additional Supporting Documentation Regarding Alleged Raid Against Evan Kagan, Esq. Kagan Responds.

In a situation that is one of the strangest I’ve seen in the debt relief world, two debt relief groups are going nose-to-nose with allegations and denials of raids and malfeasance. I first reported this story here but new information and supporting documentation has been submitted by Frank Linder, Esq. of FBL Associates. UPDATE: See … Read more

ESP Software and P&E Solutions Stopped Putting Money in Our NoteWorld Account And Now It’s Empty. What Do We Do Now? – David

“Dear Steve, In February 2010 my wife and I enrolled in a ESP software program from P&E solutions for a period of three years. Three payments of $468.97 each were made to a Noteworld bank account in March, April and May. Then in June 2010 no money was taken. We called them and found out … Read more

Expert Settlement Professional (ESP) Debt Settlement Product from P&E Solutions, Appears There is a Big Problem

Here is a tip that I received about ESP debt settlement software. The tip was sent to me at click here. If you have a industry tip, send it in. I just wanted to give you a nugget of insight on the ESP product. You are definitely on to something. This group is swaying companies … Read more