• Report: #720135

Complaint Review: Lifeguard financial

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  • Submitted: Wed, April 20, 2011
  • Updated: Thu, July 14, 2011

  • Reported By: Evelyn — phila Pennsylvania United States of America
Lifeguard financial
4 west Olas Blvd Suite 419 Fort Lauderdale,, Florida United States of America

Lifeguard financial FBL embezzled around $7000 from my trust account with noteworld bank Fort Lauderdale,, Florida

*General Comment: Noteworld is not at fault

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For the last 2 years Lifeguard financial has been withdrawing from my personal checking accout $419.00 a month. They promise to help me pay all my creditors and be debt free.  They supposely negotiate  with my creditors with many others that are in the same program to reduce the balance  pay and close your account and be debt free!  For the last two years, they only paid 1 creditor which was the least amount of one of my 12  credit cards.  They paid around $700.  
On the2nd year they gave me a web site to check my creditors that were paid and pending. I was flabbergasted that only one in 2 years was only negotiated & settled. Meanwhile I had been subpoena by the court by one of my creditors for $9700.  And said they were not dealing with Lifeguard Financial  or any of their sort and that the government was trying to stop them.  Also every creditor never stop calling me or sending me mail for the last two years! My credit score plummet to the lowest possible! I suffered headaches, insomnia and ended my relationship with my fiance of 18 years because of these debts that were not going away and the everyday, every hour phone calls that never stopped! Mail that never stopped coming to my house asking for their money.   
I called Lifeguard at the beginning and talked to a rep that souonded promising that they were all pending and soon all would get paid. Recently, I called again to check my status, I couldnt get a person for 2 mos. Only a recording that they were doing a reconstruction. The forwarding number was US Debt Relief which I called and was told by a rep that they have disengaged themselves from Lifeguard because they just weren't meshing with them with their ideals.
I called my bank and stopped future withdraws immediately! I called Noteworld bank, where Lifeguard was deposting my monthly payment from my account of $419.  I asked the bank to close my account I felt something illegal was going on with my money and with all of their clients.  They gave me a phone number that i was dialing for months!They assure me that they were legitimate and they would try to contact them.  They too haven't been successful in reaching them. They agreed they were under a corporate recontruction.  He inform me to call thursday he should have a number for me.  I will try calling tomorrow. I dont feel positive about this! Because I asked Noteworld bank how much was in my accout and they said around 4600.  I couldnt believe what happened to my other $5000.  They claim Lifeguard had it! I am in tears!!! Help me,I am not drowning, I have drowned! The are embezzling my money and many others too! Legal action needs to be taken, reporting to Better Business Bureau, 20/20 TV reportors  before they continue to steal from the innocent public.   My credit and my life is in shambles because of LIfeguard financial! Help,I am crying out loud for help!

This report was posted on Ripoff Report on 04/20/2011 08:14 PM and is a permanent record located here: http://www.ripoffreport.com/r/Lifeguard-financial/Fort-Lauderdale-Florida-33301/Lifeguard-financial-FBL-embezzled-around-7000-from-my-trust-account-with-noteworld-bank-720135. 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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#1 General Comment

Noteworld is not at fault

AUTHOR: PT75220 - (United States of America)

I am in program with Newera to settle my 100K credit card debt. I check in Noteworld monthly to see all update as it go. Login to your Noteworld to see your status there, note questionable withdraw from creditor or Lifeguard, call them.
Lifeguard is the one may be at fault here. They may not able to get the deal, as you know most acount can be settle at short period time, 90 days to max 180 days. Life guard or any other company will charge you 15% to 17% of the amount of creditor forgiving upfront.
They only settle when you have enough money in the trust account to pay them and creditor the same period of time frame.
Most the time you have to active control the communication to Lifeguard. When you get letter from your creditor or collector, fax or emnail to Lifeguard, let them knew you want to settle as soon as it is a good deal from collector.
I can able to settle some creditor for 18% to 50% of original amount. Now I have 1/3 more to go.
Stop payment is not do any good for your status. If Lifeguard is not draw the money out, it is still your money there.
Good luck

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