This is actually a picture of the UFS building that a reader sent in previously. The Florida Attorney General just made a big announcement concerning the non-profit credit counseling group United Financial Systems. This is a company that we first announced was likely to implode back in August of 2010. Unfortunately the economic impact caused …
I was approached not long ago by an knowledgeable industry insider with the statement that the CFPB may be already in the process of policy to outlaw credit counseling fairshare payments. You know the first reaction you might have about that statement is that it would never happen. Fairshare is that commission the creditors pay …
Christopher Boulahanis, who has been in the news after the collapse of his nonprofit credit counseling group United Financial Systems, appears to have made more news this year with his Capital Debt Relief company being cited by Georgia. While this action took place in February, 2011, the BBB just published this report recently according to …
United Financial Systems is a non-profit credit counseling group I’ve written about previously, click here. The end came quickly for United Financial Systems, run by Christopher Boulahanis, and resulted in people losing money or at the very least still waiting for promised refunds that have yet to arrive. The Sun Sentinel is reporting United Financial …
Poor old United Financial System out of Florida. Looks like they promised to make client refunds in Wisconsin, did not meet the deadlines and Wisconsin closed them down. – Source Fidelity Debt Solutions out of San Diego got shut down in Wisconsin as well for operating without a debt adjustment license. It appears Fidelity Debt …
A tipster (send in your tips here) sent me a link to a recent television report on the nonprofit group United Financial Systems I’ve written about previously . As of today United Financial Systems has 679 BBB complaints filed against it and has not responded to 351 of those. Sadly as I predicted in my …
The State of Florida has finally opened an investigation to look into the massive number of consumer complaints about the Florida nonprofit credit counseling organization, United Financial Systems. As of today there are 650 BBB complaints and 45 Florida Attorney General complaints filed. For past stories on I have written about the growing mess at …
I’ve been writing about United Financial Systems for a while now and early on I predicted United Financial Systems look primed for an implosion. In fact my article on October 25, 2010 was “United Financial Systems Looks Set to Implode. Run For The Hills!” What really disappoints me about this situation is that, for whatever …
For some time I’ve been writing about United Financial Systems. They are a non-profit 501(c)3 credit counseling company. They’ve been around since 2001. Interestingly they still display the American Association of Debt Management Organizations (AADMO) logo on their site showing they are “Fully Certified” but AADMO went out as a trade association over a year …
“Dear Steve, Never late or misses any payments to 10 large credit card debts, but had over 40000 in debt and was panicking. Joined United Finanical and have had 30 on time payments taken from our checking account every month since April 2008. Only 24 payments have been made to our 10 creditors since then….Should …