• Report: #353747

Complaint Review: American Debt Arbitration, Nationwide Asset Services

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  • Submitted: Monday, July 21, 2008
  • Last Posting: Friday, October 31, 2008
  • Reported By:Daytona Beach Florida
American Debt Arbitration, Nationwide Asset Services
2449A McMullen Booth Road Clearwater Florida 33759 U.S.A.

American Debt Arbitration, Nationwide Asset Services --- don't fall for this "get out of debt" scam Clearwater Florida


1Author 1Consumer 0Employee/Owner

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If anyone is thinking of hiring American Debt Arbitration/ Nationwide Asset Services to "get out of debt," think again! I hired them to settled several credit card debts, and I seriously thought they were exactly what I needed. Then, I started getting letters from collection agencies and lawyers.

One of the accounts was given to the Arbitration Forum. Another was filing a judgment against me. I borrowed the money, and settled the accounts myself. American Debt Arbitration/Nationwide Asset Services charged me for an account they didn't even settle.

In fact, they only settled one for me. They told me this was in my contract. They really sound good when they're trying to get you to enroll, but don't fall for it. Everytime I needed advice or help, they told me not to worry. They acted like I was bothering them when I called.

Most of the customer service reps don't know what is going on because each one of them will tell you a different thing to do. I really got into a mess, and I would like to prevent others from going through this. I would advise you not to use their services unless you are willing to suffer stress for a long period of time. Some of their reps will tell you that it would all have worked out if I had stayed in their program. I just couldn't handle the pressure.

Stupid me
Daytona Beach, Florida
U.S.A.

This report was posted on Ripoff Report on 7/21/2008 1:16:57 PM and is a permanent record located here: http://www.ripoffreport.com/credit-debt-services/american-debt-arbitr/american-debt-arbitration-nat-cc64y.htm.

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1Author 1Consumer 0Employee/Owner
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#1 Consumer Suggestion

You should not refer to yourself as stupid me- Take action.

AUTHOR: Justice Once And For All - Port Richey (U.S.A.)

You are not the only person to be reeled in by "Arbitration" pitches, as they remain all over this, and other consumer websites.

Contact the Florida attorney General, and Arizona, or California attorney general, American Debt Arbitration operating out of Fl., and Nationwide Asset Management in Ca. and Az. They are also using the name FGL Clearwater, i.e. American Debt Arbitration. It will not be till the complaints mount up that the state governments will finally investigate whether all these complaints have validity, or not. Any complaints with the Federal Trade Commission will help your cause.

Old saying where there is smoke there is fire.

These companies sure are generating a lot of smoke for some years, sometimes you have to put out the fire once and for all.

I am very surprised in Oct. 08, there still seem to be numerous complaints, for a few years now, and yet they continue to operate.

Of course others have long since been put out of business, or went out of business.
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