Corporate Turnaround Scam - Need feedback about this company
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#17
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I find it odd that whoever moderates this forum x'd out the phone number I had given for CT but it is still posted in the previous negative comment involving Scott Wolven. The number is available on their website and I maintain that if you really want to check them out, call them and let them give you numbers from some of their many satisfied clients like me.
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#21
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well, I have no first-hand experience with this company or any of its competitors. I do not own such a business, so I have no need for them.
I did, however, take a look around and do some research on Corporate Turnaround. Lets see what we found..... 1--18 April, 2008--Oregon Dept of Consumer and Business Services issued a cease and desist order to CT. Between 2002 and 2007, CT collected nearly $150,000.00 from 15 individual clients. The state of Oregon found the following problems with CT's business practices: --operating without the required registrations --made improper contracts or agreements with Oregon clients --charged Oregon clients excess and unauthorized fees --received fees from Oregon clients without first providing the required written fee disclosures CT settled for a $150,000.00 fine, which was mostly suspended provided CT paid back all of the fees they collected, and they also had to agree not to conduct any business in Oregon until March 2011. Does that sound like a reputable company to you guys? Doesnt sound right to me..... More: 2--in 2003, Commercial Credit Counseling Services, which is the company that does business as "Corporate Turnaround", was sued in Indiana. They lost. They were ordered to pay over $27,000.00 to the plaintiff. In a nutshell, this case actually involved three different plaintiffs, which all alleged that CCCS kept money that THEY paid to CCCS, and that they had no right to keep since they did not perform their end of the agreement. CCCS, which remember is the same company as CT, was found in contempt not once, not twice, but three times, because they failed to answer garnishment interrogatories, failed to appear, and because they failed to comply with court orders to surrender funds. EVEN AFTER the courts ordered that CCCS had to pay that money back, they transferred it to their own profits..... Anyone wishing to verify these statements can search in Indiana for W.W. Grainger Inc., Lose Bros., Inc., and XSE Group V. Commercial credit Counseling Services, Inc. and read for yourself. They kept money from three clients, did not follow through on their promises, and then claimed to the court that they had an appropriate security interest in that money because of the agreement that they didnt live up to. One more thing--usually, when someone tries to discredit one company because they work for a competitor, they try to sell up the competitor in the process. I dont know if there is any truth to the claims made in this thread, but I do know that I didnt see anyone trying to sell their company up over CT.....so you all can draw your own conclusions from this info. |
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#22
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I would strongly recomend you not go further with them. If your debtors play hardball these guys are useless and will keep every cent of the money you've given them. Read the fine print where it states that if you cancel the agreement their fee is 2% of total debt for the number of months that you've been under contract. This figure works out to be exactly what you've been paying on a monthly basis. When you attempt to call them you will not receive any return calls or responses to your inquiries. They can save you some money if your debtors are pushovers, but early in the process they said to me "my goal isn't to save you money,it's to put you on a payment plan". that's a quote and that is how they make their money.
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#23
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Run away from them as fast as you can. I only lost $2,700, but they are frauds. They will lie about getting your debts settled, but are only interested in getting your money. There cancellation fees are ridiculous. They post bogus claims, of clients that have been successful on sites such as this to keep the deception going. Palmer Myers and Anthony Passannate work for them and are crooks.
RUN FROM THESE CROOKS AS FAST AS YOU CAN. WORK WITH YOUR CREDITORS YOURSELF OR GET AN ATTORNEY. |
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#24
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Quote:
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#25
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yeah and it doesn't cost much for a company to spend a few thousand to hire some monkeys behind a keyboard to surf the net for scam report sites and post fluffy glittery fairy tales about how wonderful the company is. if you had such a wonderful experience, how'd you end up on a scam report board anyway? use your heads, people. see the obvious for what it is, obvious. if theres 98 people warning you and two who have happy stories - theres a problem.
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#26
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We have been with them about 6 months. Watch out. They claim to have "laywers" but none are ever available. They could not do anything as simple as ask for a delay in a court case. Frequent broken promises. READ THE CONTRACT.
I'll post more after we are shut of them. |









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