Preferred Financial Services Ripoff dishonest destroys your credit LIES TO YOU will trick you you can be sued Lawrence Massachusetts

Reading the information below me, isnt only appalling, but is FALSE information at that. I used to be an employee for this company, and state that this company, uses no falsified information. This company also uses much care, in each and every case for clients trying to enroll into our program. Also, each person that comes to the program, contacts the program advisors themself. They do not call and harass, they are legitamatley trying to help.

I was just recently let go from this company not to long ago because I was not enrolling enough prospective consumers. When I interviewed with this company I was told that I could make well over $50k per year if I enrolled customers into a debt settlement program.

First of all How can a consumer get out of debt if the first 2 payments that they make are kept by the company in this case (Preferred). On top of that they charge $49.95 a month. On a daily basis my manager would hound me to work my leads harder and get more people on the phone. At first I thought the program would work great for people in debt. But after 2 weeks of being there I began to realize how many people call the office wanting to leave the program becasue they are being going to court.

Preferred Financial will tell you that they can save consumers up to 70% when in reality after your doing paying 25% of the savings, the first 2 payments you make they keep and $49 a month you actually save 20% if that. You have to deal with your credit being effected for the long term.

The company was started by Wayne Ahlquist and Lamont Milton, both of these characters along with the Manager Keith are crooks. Wayne is convicted felon from Lynn, MA who has an extensive criminal record both as a juvenile and currently. He is only concerend with his pockets. Lamon Milton is the most egotistical person that I've ever met. He does not care about his customers nor does Mr. Ahlquist and in fact less than 5% of their clients ever finish the program.

I have company emails, files and pitch booklets of which I have already contacted the Attorney General of Massachusetts, Better Business Bureau, FBI & Federal Trade Commission.

In the state of Massachusetts you need to be an Attorney or Non for profit organization to practice debt management. They are not a lawfirm by any means and definately not a non profit. They are operating illegally. I am owed a unpaid salaries of which I have also reported to the Department of Labor.

I am now working back at the local law office that I left, I am glad to have a secure job where I am...I can definately sleep better at night knowing that I am not ripping people off. If you need help with your debt in Massachusetts contact DMF Finance in Beverly, MA they are also a law office too. My friend recently started working there and they have over 7000 clients and great coaching programs.

I hope this helps any past victims of fraud and any future victims of fraud. I suspect that Mr. Ahlquist and Mr. Milton will both be behind bars very very soon.

After learning of this report through an employee, and researching the report against information that the employee has provided to me, I have learned that this report was filed by Justin tone, an ex-employee of Preferred Financial Services. Mr. Justin employment was terminated when the management team learned of the dishonest practices. After confronting Justin several times, Justin continues to compile lies and excuses, even after we confronted Justin with a recorded call.

I handle complaints from consumers for the company. My name is Keith Koltunowicz, and you can reach me at 1-866-992-7400, ext. 349, or via email at KeithK@pfs1.net.

I would ask that the moderators of this board contact me, so that we may have the report removed from the website, as it was placed there in vengence because Justin will not be receiving his bonus check. Our company policy is that an employee must complete the following month or give two weeks notice to receive any bonus or extra compensation that the employee qualified for. Mr. Justin was terminated for violating company policies and therefore forefited his bonus check. It is unfortunate that Mr. Justin Stone choose to pursue this avenue, and we have been conducting a full investigation since Mr. Justin left the company. Are intentions are to proceed legally against Mr. Justin Stone, but we have not made a final decision at this time.

Again, if you have any questions, or wish to contact me regarding this post, please feel free to call at 1-866-992-7400, ext. 349, or contact me via email at KeithK@pfs1.net. Thank you for your time and understanding.