Quick Answer: When Persels debt settlement company closed, clients lost access to crucial settlement documentation needed to prove debts were paid. Without these records, consumers may face collection attempts on previously settled accounts and should contact CareOne, which worked with Persels, to locate client records.Question:Dear Steve,About 4 yrs ago, my husband and I were completely …
Quick Answer: Persels and Associates can both help and hurt consumers, as demonstrated by this case where they incorrectly withdrew $500 four days after receiving payment. While the company admitted the error and returned the funds, it took five days to process the refund and they issued it to the wrong account holder.Consumer Statement: Persels …
Quick Answer: Persels & Associates operates as a debt settlement service, but Connecticut’s Department of Banking ruled that using in-state attorneys doesn’t exempt the Maryland-based company from state licensing requirements. The March 2012 ruling demonstrates that attorney-based debt settlement firms cannot automatically avoid debt relief provider regulations across all states.The State of Connecticut Department of …
Quick Answer: Persels & Associates faced a 2011 Florida class action lawsuit that resulted in no consumer compensation, with the firm admitting it lacked financial resources to fund settlements alone. The company required co-defendant CareOne to provide hundreds of thousands of dollars, raising concerns about their ability to satisfy future judgments. Back in September, 2011 …
Quick Answer: The Scott Law Group’s litigation list appears legitimate as they actively pursue legal action against debt settlement companies for alleged consumer harm. The firm currently targets over 30 companies including recent additions like FBL Associates, Lifeguard Financial, and Freedom Debt Relief for potentially deceptive practices.The Scott Law Group in Washington State has been …
Quick Answer: The Kansas Court of Appeals ruled that attorney debt settlement exemptions only apply to individual licensed attorneys, not to limited liability companies like Consumer Law Associates and Persels & Associates. The Kansas Credit Services Organization Act exemption under K.S.A. 50-1116(b) does not extend to business entities, even when owned by licensed Kansas attorneys.The …
Quick Answer: A federal court approved the Persels & Associates class action settlement despite providing zero monetary compensation to 125,000 affected consumers. The settlement only benefits defendants with broad liability releases, class counsel with $300,000 in fees, and allocates $100,000 to an unrelated research institute.Thanks to a tipster (send in your tips here), I found …
Quick Answer: Persels & Associates faces serious legal questions, as a 2012 Georgia class action lawsuit alleges the company operated an illegal debt settlement scheme by using inexperienced attorneys as shields. The lawsuit claims Persels violated Georgia’s Debt Adjustment Act by paying attorneys small fees to use their bar licenses while targeting consumers with “avoid …
Quick Answer: Public Citizen opposes a proposed class action settlement against Persels & Associates and CareOne where over 120,000 consumers would surrender legal claims without receiving compensation. The defendants would pay $405,000 total to foundations, attorneys, and one plaintiff while the remaining class members get nothing despite alleged debt settlement fraud.The consumer advocacy group Public …
Quick Answer: A CareOne judgment means the debt settlement company failed to prevent creditor legal action despite collecting monthly fees. The consumer should immediately contact Persels and Associates about the undisclosed judgment, consider hiring a debt attorney, and evaluate whether continuing the $146 monthly payments serves their interests.“Dear Steve,I’m at a loss of what to …
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