“Dear Damon, I was in the debt program with safetrust financial over a year ago, I cancled my account because I was getting sued from one of my creditors, I paniced and cancled my account, I figured well if one of my going to sue me, then the rest will sue me too. can I … Read more
“Dear Steve, I paid Safetrust Financial for 2 years to settle my debts. They settled just one account and have filed for bankruptcy. Whom could I contact to get my money back? What are my chances of getting my debts settled? Thanks, Stan” Dear Stan, Safe Trust Financial filed for a Chapter 11 reorganization of … Read more
It seems the issues surrounding if payment processors in the debt settlement world is getting more complicated. This recent class action case is out of Georgia against NoteWorld and Noteworld Servicing Center; Hattie Burke v. NoteWorld. It appears that NoteWorld gets sucked in not because of their actions but because of the actions of who … Read more
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
A consumer who had enrolled in a debt settlement plan with Safeguard Financial sent me the current company number and asked me to listen to the message. It sure sounds like they are trying to swim away from all the consumers they sold into a debt settlement program. Listen to Safeguard-18885259898 It also appears the … Read more
One of the allegations in the ongoing battle between debt relief providers Frank Linder, Esq. of FBL Associates and Evan Kagan, Esq. is the allegation that customer data was stolen from FBL Associates and utilized by the offices of Kagan to persuade clients to leave FBL and join Kagan.. For a number of months I’ve … Read more
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
“Dear Steve, I have made a Huge mistake and don’t know how to get out of it! I racked up some debt in college, and could make payments until all the credit card companies jacked my interest rate to 29.99%. I then had a baby three months early and was unable to work and have … Read more