• Report: #243694

Complaint Review: Credit Solutions - Credit Solutions Of America

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  • Submitted: Thu, April 12, 2007
  • Updated: Sun, July 01, 2007

  • Reported By:Anna Maria Florida
Credit Solutions - Credit Solutions Of America
15601 Dallas Parkway Ste. 700 Addison, Texas U.S.A.

Credit Solutions - Credit Solutions Of America Took money on power of attorney and never called once! did nothing they promised. Only called when money stopped A total scam ripoff boiler room operation! Addison Texas
*UPDATE ...Rip-off Report Investigation: Credit Solutions of America pledges to resolve complaints. Commitment to Customer Satisfaction Program. Consumers can feel confident & secure when doing business with Credit Solutions - Assisting clients by reducing unsecured debt - debt free in 3 years or less.

*Consumer Comment: I filed with Attorney General of Texas

*Consumer Comment: I need assistance!!!

*Consumer Suggestion: Some education for Marty regarding judgements, etc

*UPDATE EX-employee responds: I think I could be of some assistance!!

*Consumer Suggestion: I deal with them daily...

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They promised to call once per month to update me...they never called once. They promised to get payoffs of credit card debts for 40-60% of balances, but, they pushed the fact that most are getting it done for 40% They didn't tell me that the balances rise exponentially at the same time CS is counseling me to wait longer before CS engages in negotiations. At the same time they are collecting money monthly from my account. The longer they wait, the higher the cc balances, and the more money CS puts in their pocket....; great for CS and a rip off to me. After finally getting through to someone after 9 months, that someone (you never talk to anyone twice!) made me do a "hurry up" settlement with one creditor which was 60% of the original debt. This is when I stopped payment ($35 bank charge). The bank tells me that the only way I can take away the power of attorney that CS demanded is to close the account! CS obviously did not offer to apply any of the money they had collected from me towards this settlement. I contacted an attorney at that point and he advised me to "pull the plug" on them. The contracted CS promise was that half the monthly money would go towards their service fees and half would go towards the debt payoffs.... Yeah,...right!.... I feel so stupid! Now their accounting department does not return my calls....Meanwhile, the 5 or so other credit card companies have turned my accounts over to collection agents who are getting judgements against me here in Florida.... Fortunately, I have no wages or assets they can attach, but I pity the poor folks who do, because these judgements will have teeth in them, while all the cash they have that might be available to the debt collectors is in the pockets of CS! The Scam is that CS can only prey on people who do not have any way out of the debt spiral; those who are unlikely to have funds interesting to accomplished attorneys (the ones who always win are expensive)

Well,... I can do it....So this is what I have in store for them: I am talking to a well known fraud attorney and personal friend in Austin, Texas in that State's Capitol, as well as my attorney here in Florida. The attorneys are talking to each other. A class action suit is being researched. The Attorney Generals of the US, the State of Texas, and the State of Florida are being informed via formal complaints next week. A formal complaint will be made on a personal level to a high level fiqure in the Federal Trade Commission.

And finally, CS can expect some unannounced "visitors" to their office who are experts in "debt consolidation" matters..... 'Ever seen the Texas government roadside signs that warn, "Don't Mess With Texas"? Well,....they might be changing them to: "Don't Mess With Marty"...... Stay tuned.

Also, I have managed to collect several names of employees who have contacted me from CS over the last year. A follow up message in this forum will include those names if permitted . All those who made unkept promises need to take responsibility for damages to me as well in my book.

Marty
Anna Maria, Florida
U.S.A.


This report was posted on Ripoff Report on 04/12/2007 01:24 PM and is a permanent record located here: http://www.ripoffreport.com/r/Credit-Solutions-Credit-Solutions-Of-America/Addison-Texas-75001/Credit-Solutions-Credit-Solutions-Of-America-Took-money-on-power-of-attorney-and-never-c-243694. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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Updates & Rebuttals

#1 Consumer Comment

I filed with Attorney General of Texas

AUTHOR: Krista - (U.S.A.)

Hello!

I had five thousand scammed from me by these people as well and filed with BBB, Federal Trade Commission and Attorney General of Texas and have received no response from the last 2 agencies. I also was looking into starting a class action law suit, so maybe we can find all those 500+ people who filed with BBB and start action for breach of contract. Also, they are suing NBC to promote themselves and I am planning on contacting the headquarters to see how they can use their "news" as an advertising medium for a fraudulent company. Did they do any research?
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#2 Consumer Comment

I need assistance!!!

AUTHOR: Jm - (U.S.A.)

To whoever posted this:

I think I could be of some assistance!!
I am an ex-employee of Credit Solutions based out of Texas. I worked there quite some time and too feel like it is an exact replica of the movie 'Boiler Room'. Many employees actually have the DVD sitting at their desk while talking to clients on the phone. I worked in Sales and was the person on the phone persuading clients to join the program. I do agree with what you are saying and could be very useful if you are following through with your case. As you can see there is almost 800 complaints on here and just reached 400 complaints on the Better Business Bureau. Please contact me if you have any questions or need any assistance.


Please help me. I am up to my ears in stress over this. I have been on the phone for hours, making headway, but would appreciate any advice on how to get my money back. what else can I do? They lied to me and my credit is ruined!
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#3 Consumer Suggestion

Some education for Marty regarding judgements, etc

AUTHOR: Steve - (U.S.A.)

Marty,

Creditors cannot just get judgements against you or anyone else. You MUST first be sued, and lose. Then they can get a judgement against you which they still have to find a way to collect on.

FYI. These types of operations are ALL scams and should be avoided. Always get any promoises made in writing, as verbal promises never happened!

Furthermore, creditors will not even think about dealing with these companies until you are at least 90 days delinquent on your debts.

Also understand that NO CREDITOR will accept a 40-60% payoff. It is cheaper for them to sue you and do a garnishment. Think about it! Just common sense here.
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#4 UPDATE EX-employee responds

I think I could be of some assistance!!

AUTHOR: Confidential - (U.S.A.)

I am an ex-employee of Credit Solutions based out of Texas. I worked there quite some time and too feel like it is an exact replica of the movie "Boiler Room". Many employees actually have the DVD sitting at their desk while talking to clients on the phone. I worked in Sales and was the person on the phone persuading clients to join the program. I do agree with what you are saying and could be very useful if you are following through with your case. As you can see there is almost 800 complaints on here and just reached 400 complaints on the Better Business Bureau. Please contact me if you have any questions or need any assistance.
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#5 Consumer Suggestion

I deal with them daily...

AUTHOR: L - (U.S.A.)

I deal with them daily. Im a collections rep. I give debtors the name of this site so they can see the complaints about this company Credit Solutions and see that Im not playing games. Simply put. We have done confrence calls with the debtor on the phone, SILENT, and we spoke with CS, they would claim no money, or no contact or some silly situation. Some times the debtor who is suppose to stay quiet. jumps on extremely upset that they have lied.

Other times we have had the debtor call, and we stay silent to see what they say about us. they claim no contact with us, no fax sent, oh they want. maybe 1,000 more than what we actually offered etc. we immediatly jump on the phone saying "THank goodness we called!" we have had them hang up on us because of this. trap? but its your right to know what this company is doing to your money.

I can keep you posted on every time i speak with them. In all honestly, Im surprised they answer when i call because i have no mercy for them after I saw them excuse my language, screw this 75yr old man who got a judgement placed against him.

I have had them down right lie to debtors after i speak with them and tell them look this is what is happening. i have even given dates and times and names of people we spoke to who claim they spoke to the debtor and the debtor has no idea what Im speaking about. So i tell them to call, and they tried to tell this woman that they spoke to her! 4 times! in a week! she lit them up she said. Hope this helps. Let me know if you want more situations!
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