Justice Once And For All
Port Richey,#2Consumer Suggestion
Fri, March 14, 2008
It is amazing. Even on sites I have been at that cite FBI advice of these companies, the FBI giving advice "beware of any settlement companies asking for upfront fees, or saying they can settle your debt for 50 % , these are usually settlement companies themselves, then they have a click here, and on the same page is an ad for a settlement company asking for upfront fees, or saying will same 40% to 60%. Some states, I have been advised have begun banning them. When the gentleman said in the early nineties they set up legit companies, and spent millions of dollars, to be legit, I find that hard to believe. Even while Global Client Solutions was being fined in California along with some other companies they were doing business with (fined substantially) they had, and were making announcements of new relationships with other new debt settlement companies. It is laughable. About time for regulation to the max. How can a settlement company in Nevada, without an attorney in New Jersey, help, or assist a client being sued in New Jersey, other than "to not return phone calls" on purpose, so you will violate term of agreement, they want you to violate term of agreement - collect cancellation fees. It is a completely more or less unregulated business, and that is why so many jumping on the bandwagon, reminds me of phone slamming in the mid nineties. End it now. Ban them. Forget about civil penalties. Throw the jokers in jail. They are driving BMW's while taking advantage of people who need help. They even rely on accumulating enough money, so if they get fined pay fine, while living high on the hog and start all over. Just totally sick of it, all fifty states need to get in on this, or Federal laws enacted now.
Kskertic
Oak Lawn,#3Consumer Comment
Sat, March 08, 2008
Dear "Bruned in FLorida", My ears turned red and got hot when I was reading your problems with Liberty. I know who they are and I know of the people that run that company. I despise them! I opened a company back in the 1990's offering debt settlement services. We spent literally millions of dollars building a program that was 100% compliant at all local. state, and federal levels and has helped thousands of consumers. Heres the problem - the majority of companies out there are not compliant and are ripoffs as you experienced. The government has benn doing a lot in recent years to put laws in place to eliminate companies like Liberty through strict penalties.