Today, the Consumer Financial Protection Bureau (CFPB) finalized an enforcement action against debt-relief payment-processors RAM Payment and Account Management Systems (AMS), as well as AMS’s co-founders, Gregory Winters and Stephen Chaya, for collecting debt-relief fees from consumers, lying to consumers about when the fees would be paid to debt-relief companies, and sending illegal advance fees … Read more
On April 2, 2012 Legal Helpers Debt Resolution filed suit against Reliant Account Management Systems and Reliant Account Management. These are companies that helps client funds for the debt settlement program. According to the suit, Reliant Account Management (RAM) “is a payment processing company used by Legal Helpers and more than 5,000 of its clients … Read more
I was recently brought to my attention that Reliant Account Management is operating as a third party escrow company for debt settlement. Frankly I don’t know anything about them and I was curious if anyone has had an experience with the company you’d like to share. Here is what I do know about the company: … Read more