Comments on: Debt Relief USA files Bankruptcy – Clients get Burned

By: Damon Day

Damon Day — Thu, 28 Apr 2011 18:07:06 +0000

Hey Johnny,

I certainly agree with your assessment of how most debt relief companies operate, I would have to caution a consumer not to let their guard down simply because a company is organized as a non profit.

Remember, “non profit” has nothing to do with fees, and a non profit organization can be just as much if not more harmful to a consumer than a for profit entity.

Just remember, they all make money.
Damon Day recently posted..Legal Helpers Debt Resolution Sued in 30 Page Complaint Filed by Illinois AG (dofollow)

By: Jonny Debt

Jonny Debt — Sat, 23 Apr 2011 17:05:05 +0000

I have little sympathy for many debt companies given that rather than actively addressing debt issues for clients, they just add another layer of debt, through excessive and pointless charges. However that doesn’t mean that all such organisations are like this. Non profit debt advice organisations are normally the best option, but they can be difficult to find

By: Dinah

Dinah — Fri, 24 Dec 2010 06:41:41 +0000

Gosh, how I wish I saw this site before I became a victim myself.

By: HEIDI

HEIDI — Fri, 20 Aug 2010 03:13:49 +0000

BELLA FINANCIAL IN DALLAS TEXAS, FILED BANKRUPTCY MAY 2010; THEY ARE STILL IN THE SAME LOCATION, SAME OWNERS, SAME EMPLOYEES- UNDER MT VIEW FINANCIAL GROUP OUT OF VERMONT. THEY FILED A CHAPTER 7 AND I HAVE BEEN TRYING TO GET IN TOUCH WITH THEM FOR 3 WEEKS NOW. NOBODY ANSWERS THEIR 866-681-6384 NUMBER; I WENT IN PERSON TO THE OFFICE AND THEY ALL FLED TO THE BACK ROOM AND SAID THE PERSON I NEED TO SPEAK TO ISN’T IN. i HAVE SENT NUMEROUS E-MAILS AND LEFT DOZENS OF PHONE MESSAGES. I JUST WANT SOMEONE TO TELL ME THE TRUTH. GETTING MY $4000 BACK WOULD BE ICING ON THE CAKE. I CAN’T BELIEVE THESE CRIMINALS GET TO OPERATE LIKE THIS. THIS IS NOT THE FIRST TIME THEY HAVE DONE THIS. THERE IS AN ATTORNEY GENERAL COMPLAINT AND OVER 60 BBB COMPLAINTS! LESSON LEARNED. BTW, I SETTLED MY 3 CARDS WITH THE BANKS MYSELF.

By: The Woodlands Texas

The Woodlands Texas — Sun, 21 Mar 2010 22:10:36 +0000

That is a sad story. I hate to hear anyone getting ripped off like that. I hope the consumers learned a lesson from, as it was an expensive one. You should NEVER pay that much upfront for a service before it has been performed. I think there are quite a few questionable companies out there that provide “debt relief”. But I guess there’s always a few bad apples in every industry.

By: Damon Day

Damon Day — Sun, 03 Jan 2010 19:24:41 +0000

Hello PPO,

That is true, but they actually cited legal action by regulatory agencies as one of the main causes of the Bankruptcy. Basically they were ripping off so many consumers that they were coming under heavy scrutiny and having to pay stiff fines. So they figured it made more sense to close their doors rather than to try and get away with ripping off more people. So everyone that was a client of theirs, unfortunately were left much worse off financially then they were before they hired them. The lesson is to never enroll into a debt settlement program that charges all of their fees before settling all of your debt.

.-= Damon Day´s last blog ..Debt Settlement USA - A Not So Glowing Review =-.

By: ppo

ppo — Sun, 03 Jan 2010 08:40:01 +0000

Wow!, you know things are bad when a company designed to help others with debt is so much in debt that it files for bankruptcy. It begs the question, was this company qualified to help others?

.-= ppo´s last blog ..PPO Insurance and Plans and deductibles =-.