Is credit solutions affiliated with debtxs?

My debt management account was sold to Mezey and Associates in the beginning of this year. They were able to settle 1 out of 8 credit accounts. There customer service is always nice but they seem a bit disorganized. Also, there website that allows for account statements has never worked in the time I have been with them. As for stopping creditors, My creditors did stop contacting me, but it seems like they debts were sold over and over again and now the debt collectors are talking legal actions toward me etc. I am not sure what they actually did for me in the legal side. However, I came to point that I just was going to deal with it on my own, so I called in to cancel the account. I had already paid the preliminary fees and had an escrow account of about 5000K and they said they would send it back. The lady quoted that i would receive a check in 6-8 weeks. So i was a little scared. But low and behold, I received a check for what they stated they would give me back in about 2 weeks. All in all, I can't say they did me wrong in anyway, I did that myself by getting into debt. But just remember that they are a business in it for money, so there are fees for everything. As for past clients that haven't been able to get there money back, I can claim that I have gotten my money back from them (not my fees of course, but any extra money in escrow.)

I have made approx 5 payments to Mezey & Associates and have no complaints. They do take their fees every month, but they do start escrowing money from the very first payment. I am willing to give the process a chance. If you get calls from credit cards companies, you have to remember that they are there to recoop the interest and full amount you owe. They don't like dealing with a settlement company because they will lose all that interest. My three credit cards were at 20% interest. It's got to be better than carrying that debt for the next 10 years. Give them a chance to make the process work. If you made the debt, you should pay it back.

I started with NLDC and now Mezey and Assoc. have taken over my account, I have had no luck with NLDC but since Mezey has taken over, 2 of my accounts have been settled, and they are much more attentive than NLDC was, I get someone on the phone whenever I need them. There Fee is very minimal I think. They took 140 dollars for a 2500 dollar settlement. Other debt settlement companys take much much more. They get a percentage of what they settle not what your debt is. Another thing is, if I can't pay them one month, they are very good about letting me skip a payment if need be. So all in all it hasn't been to to bad. I am sticking with them for the mean time.
Hope this was helpful. If you would like to contact me my please do. email address removed as per forum rules - Mike

I am looking for anyone who received a group email from Mezey and Assoc. who were clients of NLDC, I have lost this email and would love to get a copy of it, I need there contact info again, because when I call Mezey they say they don't have me on record. could you please post the info for me, thanks ALF

The earlier post about Michael Sandercock from Marina del Rey posing as an attorney and being investigated is ABSOLUTELY FALSE. I know for a FACT that this slanderous lie was posted by the bitter, corrupt owner of the failed Mezey and Associates-- Harry Reis. Reis, the owner who ran the show, is actually the one being investigated by the FTC and retaliated against Mr. Sandercock since he quit in protest of Mr. Reis's poor business practices. Reis's firm is now out of business and he will likely face severe penalties and possibly jail time due to his fraudulent and corrupt business practices. Michael Sandercock has done nothing wrong and Harry Reis is a lying crook of a loser to post such nonsense.

Credit Solutions is sadly still in business. I'm sorry I did not get out early like others. I wish I would have found this page a long long time ago

I have been with them for over a year and have payed them thousands of dollars. I have settled only one of my five accounts at a decent amount. It was settled at about 50%. I settled another but it was nearly 90% and it was only because I pushed them to settle the account for me. I am now starting to pay off another account which they say I am settling for around 60% but it is really about 80% of what I owed when I started at credit solutions.

I still have two outstanding accounts and one is large and growing all the time. I had the chance to settle it at 50%, but they wanted it all in one payment and within like a week so I could not do it. Now that account is at 80% in two payments which I cant pay either. The settlement person told me that she knew this would happen and that she said I should have payed it at 50%.

I think they think I have tons of cash hiden in the mattress or something because they call with these "great deals" and think I should be happy to put out 4 months income in one day.

Another issue I have that has been reported here is that you talk to someone different every time and they are all calling you even though you wanted to settle one account and hold off on the one they want to settle. Its not possible to settle them all at once, but they dont understand that. I will probably only settle one account for 50% or less, the rest will be around 80% or higher. They promised at first 40 to 60% but they sure are not coming through. They also said it could be payed off over 4 years, but a little over a year now and Im getting threats to go to court already. I feel lied to and have no ideal how to get out of this.

Someone stated that some states dont allow this kind of operation? Which ones, I hope I live in one so I can sue them. I would love to get my money back that they have not earned.

Also someone here is a former employee of them. Is it true that the major credit cards do not let you settle over longer periods of time, but want it all in a few payments? That is what I get told all the time.

I feel ripped off and would love suggestions from anyone here on how to deal with this (in a legal manor of course). Will the creditors still deal with me after going so long without paying them? Thanks.

CSA is claiming to help people get out of debt by settling amounts owed to creditors at a percentage of the amount at the time one enters into an agreement with them. In return, they collect a service fee 15% of the total debt. However, I now realized that they have taken my money and failed to fulfill the obligations of the contract. The BBB has 400 complaints against this company over the last 3 years, most in the last year and it would appear that due to high volume, these complaints are not being addressed before more and more people are getting scammed by this company.

CSA tells customers to stop paying the current bills, while they make an offer to settle the entire sum owed at a smaller amount. In my experience - Only one debt of the 7 initial accounts was settled, and for 60% of the initial amount, not 40% as advertised. This account was never requested by me to be settled, it appears that CSA has some benefit in settling this account with Providian.

The other debts I have requested to settle have not been settled, despite multiple requests. As a result, Discover took me to court and I have become delinquent on numerous accounts. As before my credit was just overextended, and I had been paying accounts on time, I now have multiple delinquencies and my credit is ruined.

When trying to reach CSA, 75% of calls are dropped or do not go thru. The ones that do, I am told that someone will get back to me, however no return calls are made. They have essentially taken 5000 dollars and stopped doing any of the services that they should under the contract.

When I finally established contact with a person, I asked that they put down in writing their promises and they ignored the request and have not refunded the fee. It is simply an issue of the company charging money and not fulfilling any obligations, instead ruining the person's credit for good. This is the biggest scam and BBB is too backlogged to stop this company from ruining more lives.
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please contact me about this company pls st

Personal info removed Cajunbulldog

Hello,
I almost signed up with Mezey but my intuition told me not to.
Instead I amd now with Consumer debt solutions. Signed up in June. So far evrything is ok

I trusted my instincts too. That's how I got in so much trouble with debt! A lot of these posts are hilarious. Blaming everyone else but themselves for all their problems. But the banks are the real ones laughing. They borrow money from the Federal reserve for 4%, then charge you 20-25%. It's like legal loansharking. Watch the Movie "Maxed Out" there you will find who is really scamming you!!!!

I am in Florida and have been taken by them. Does anyone know of a class action suit in Florida, or can I join in one of the others?

Here's the real deal about this whole thing. You are better off to just stop paying your credit cards and put 1/2 the amount you are paying on your current cards in a savings account When you get about 50-60% of your balance saved up, call the credit card company and offer to settle for 40% and negotiate. I used NLDC/Mezey Assoc and here is how the scam works. You are paying them a LARGE set up fee and then you are paying them whenever they get around to settling the accounts. Then they take a percentage of the amount that the credit card company has written off. You can do this all on your own, you dont need a debt attorney. After paying NLDC/Mezey thousands and thousands (yes thousands) when they settled my accounts, I realized I could do this on my own without paying them a cut. I have been trying for 3 months to even get someone to call me back about the last account I needed to settle. Once I paid all the "large" accounts off and no longer sent payments in, they won't even return phone calls or emails. It is a scam people and they are charging you thousands of dollars to do something you can do for yourself. If you are in a bind and can't afford your credit card payments, stop making the payments, put 1/2 the normal payment in a savings account and offer to settle the accounts yourself for 40%, it is a negotiation and the credit card companies would rather get 50% than nothing. Once you stop paying for a while, the ball goes in your court to settle the debt. The bad part is your credit goes to crap, but once the charge off is reported as paid to the credit bureaus, eventually your credit score comes back up. Don't pay high paid crooks to steal more of your hard earned money, the credit card companies have done enough of that. Settle your own debt. There is nothing that these attorneys can do for you that you cant do on your own.

I hired them last around May 06, got a summons in Apirl of 07 for one of my higher credit cards, contacted them and they more less said I was on my own and I had to reply to the summons, none of my accounts have been settled, said had to pay their fee frist then I would build escrow, not happy at all, Hired local lady and she has faxed, phoned them that I do not want to do business with them any more yet they still try to debit my account. Had to put stop payment on account, now I am closing that account due to them still trying to hit it every month. Big hassel, no results out about $5000-$6000. NOT HAPPY.
be wise I believe they are being shut down from what my new lady has told me in her findings about the CO. Webdsite link I always had is no longer there.

does anyone know if there is a suit happening in Colorado?

Contact your state Attorney General and ask them if there is one. You can complain to them and also your senators and congressmen..Good Luck..KAren

Credit Solutions promised to eliminate our debt, by reducing balances to 40%, and letting our balances "age" in the meantime while building up a balance to pay of the protion of debt that would remain.

This is a direct quote from one of their emails: "At the beginning of your program we contact your creditors. After they have been contacted, we allow your account to age. This aging period consist of non-payment to the creditor. This shifts the leverage from the creditor to you, the client. During this aging period, you are to save as much as possible whenever possible, as this will help you get out of debt sooner."

They AGED our accounts into collections and arbitration!!
My wife spent an average 4-5 hours a week on the phone trying to prod them along to resolve our debt. after 3 months and only one settlement for the original balance of the debt, we finally severed ties with them after paying almost $2000 in fees.

Do not use this company, contact a local credit counseling agency and let them help. At least they were honest!

John
East Peoria, Illinois
U.S.A.