Preferred Financial Services – Consumer Complaint – November 18, 2013

Consumer Statement: said no up front fee, conveniently didn’t mention the $175 book they send you Consumer Action Taken: just wanted my money Date This Problem Happened: November 15, 2013 State You Live in: Massachusetts Race/Ethnicity: White Age Range: 21-35 Total Amount of Fee Paid: $175 Company Name: Preferred Financial Services Company Address: Andover, MA … Read more

Is Preferred Financial Services Okay to Relieve My Debt? – Tina

“Dear Steve, I want to trust someone to help me get out of debt and a young lady suggested preferred financial sevices. She says they really helped her. Is this site okay to relieve my debt situation. I do have other every day bills. phone (comcast triple) its basic. Insurance hm and car. Car is … Read more

This is Why People Need to Be Aware Who They Are Talking to at Debt Relief Companies

Every once in a while I look around the web to see who is advertising. Today I spotted an help wanted advertisement by Preferred Financial Services that typifies why consumers need to be careful when calling the average debt relief company. People think that what they are getting is fair and balanced advice by an … Read more

I’m Thinking of Doing Business With Pacific Debt or Preferred Financial

“Dear Steve, I am about to do business with preferred financial company and pacific debt company… this company pacific debt told me he charge 24 percent per debt…thats alot of money to charge per debt owe. now preferred financial , ive emailed this person working there 3 times asking what is their charges per debt….they … Read more

Preferred Financial Services – PFS. Let’s Play “Do The Comply”

A tipster (send in your tips here) sent in a link to the Preferred Financial Services site and wanted to know if USOBA was keeping an eye on their members. Thank you tipster (send in your tips here). I’ll forward this to USOBA so they can take a look at your request. Do They Comply … Read more

What Am I Missing in This Preferred Financial Services Affiliate Pitch? It Does Not Make Sense to Me.

A tipster (send in your tips here) brought the following page to my attention from the Preferred Financial Services site which says: The pitch seems to be to switch and become their affiliate and outsource all the back office stuff to them so you can “focus on front end operations.” But the charts show your … Read more

I Recently Signed On With Preferred Financial Services, Are They Telling Me The Truth? – Cherryl

“Dear Steve, I have a 21,200.69creditcard debt in total from 9 different creditcards. I need you advice now. jUst recently, I enrolled myself to a debt settlement program[]. They told me they can settled it by 50% for 36monthsof 421.23 a month fees included period. And they told me my first two payments is the … Read more

The Elusive USOBA Membership List Made Public

Below you will find a document that was given to me by a USOBA member with a soul. They sent it to me at click here. I’ve actually had this for some time and I was giving the United States Organization of Bankruptcy Alternatives (USOBA) multiple chances to release to me a current membership list. … Read more

Have you Heard and Do You or Don’t You Recommend “Preferred Financial Services”? – Mindy

“Dear Steve, I have made some seriously bad decisions when it comes to credit cards!! Way too many and now with a paycut and possibly losing my job (because my boss is an idiot!) I cannot afford to pay them anymore. I have no savings and 45 bucks in my checking and I am seriously … Read more

Regulation of Debt Settlement Companies Looming

This is a guest post by Kenneth Long, President of Fiscal Progress. If you would like to submit a guest post for publication, just send me an email to Steve On September 25, 2008 the Federal Trade Commission (FTC) held a public workshop to explore the for-profit debt settlement industry. Panelists representing debt settlement … Read more

Is Preferred Financial Services a Scam? – Darryl

“Dear Steve, I live in California. What do you know about Preferred Financial Services at Do you recommend or not recommend them? Thank you for your time. Darryl” Dear Darryl I think I’ll let the review of Preferred Financial Services I just did for you do the talking for me. Read it and let … Read more

Preferred Financial Services Review

This review is the result of a question from a reader about Preferred Financial Services. Address: 300 Brickstone Square, Andover MA 01810 Website: They own their domain name and it was registered on June 25, 2008. The administrative contact is Wayne Ahlquist. Description: I am assuming they are a debt settlement company. They have … Read more

New York Attorney General Announces Nationwide Investigation Into Debt Settlement Industry

Subpoenas Fourteen Debt Settlement Companies and One Law Firm in Connection with Probe Debt Settlement Companies Often Charge Huge Fees for Misleading Plans, Suggest Selling Blood Plasma to Raise Funds, and Leave Consumers in Worse Financial Shape NEW YORK, NY (May 7, 2009) – Attorney General Andrew M. Cuomo today announced a nationwide investigation into … Read more