Credit Solutions - Is it a scam company?

has anybod heard of new horizon debt solution?

There are several answers for every consumer that has credit card debt. You can do something about it! Learn your rights under federal laws, the Fair Credit Reporting Act, the Fair Credit Billing Act and the Fair Debt Collection Practices Act. Please contact me for a free list of ALL your options called "Choices for Credit Card Debt". One of your options is to negotiate your debt down to as low as 20%. Yes, I said 20%! But this will take awhile after you missed the first payment, usually about 7 to 10 months. You will trash your credit reports for awhile until you clean them up (called Credit Repair - fully legal by federal laws if done properly). Be careful though that you don't start making payments on an old "out of Statute of Limitations" time debt. This means that if a credit card account is - let's say 4 years old and (you live in California so SOL is 4 yrs for an open-ended account), you pay the collection agency just $20 so they stop calling you, then it starts the time clock all over again. You were better off not paying anything at that point and send them a Debt Validation Letter to validate the debt. (You do want to send every collection agency that tries to collect on the old debt with a 'Debt Validation Letter to #1 keep from a new negative item from appearing on your credit reports and #2 so they have to validate the debt, most cannot so they go away). There are different limitations on time for each state that someone can sue you regarding Oral, Written, Promisory and Open-Ended (credit card) debts. Most consumers don't know about this so they end up getting served a Civil Summons Complaint (by process server usually at your door) and the consumer does not respond within the 20 days so they receive a 'Judgment' by default. It is up to the consumer to know how to respond, and to know the Statute of Limitations on debt or they can hire an attorney who has experience in this field. The best thing here is to make sure that you DO RESPOND, even if its just to say "I deny every allegation in this Complaint and request that the court dismiss this case based upon the Plaintiff has not provided proper and sufficient evidence that the alleged debt is mine under the federal law, the Fair Debt Collection Practices Act". Google search "Statute of Limitations on debt" or you can contact us for a free list. Keep in mind that Statute of Limitations is completely different than a time line that a negative item can stay on your credit reports. This is usually 7 years from the date of delinquency, 10 years for a Chapter 7 Bankruptcy, 7 years for a Chapter 13 Bankruptcy, 7 years for a paid Tax Lien, 10 years for an unpaid tax lien and 2 years for inquiries. I hope this helps you and everyone out there having debt problems.

Wish I had checked them out sooner. I have been with them for 5 months now and have not had any settlement offers. I wondered if they were just taking my money...Now I am probably further in the rear than ever...What are my options?

CSA is not a scam. But I don't recommend signing up with them. They were able to help people many years ago, but got too greedy. They hired more and more sales people to enroll customers, but not the settlement department. It's a classic case of a small business growing too fast. Customers fell through the cracks. Then when they made Matt Reivitt the director he was such a great (greedy) salesman himself that he had all the "debt consultants" actually believing that they were helping people, but they never received the proper training. And since they get paid commission on who they enroll it's easy fir a lot of them to get greedy themselves and just enroll people and debts that aren't right for the program.
It should also be known that Matt Reivitt us now the CEO of ResQDebt, a new debt settlement company. And also that Lending.com is owned and operated by the same man of CreditSolutions, Doug Van Arsdale.

I believe at one point CSA was a good company. I also know that a lot of nice and honest people work there, but are misinformed. Try debt settlement yourself. You will save yourself a lot of money. I did.

I almost took the pluge with Credit Solutions and after reading all the negitive post, I changed my mind. THANK YOU!!! When I call the rep that explained the program to me he started to get upset with me and said that he didn't understand why I was doing this and when I told him that I had changed my mind about using his company, he told me that was not a good enough reason to cancel.

Thank you again.

Glad we could help Jessica.

Why don't all of us lsign up, log on and leave him a nice testimonial. I did
You can find him on ecademy, just search his name

He is on ecademy, under his name. I left a nice testimonial - you should too!

hi guys,
not sure why everyone has such bad luck with CS. I have been with them for 2 years and we have had nothing but good things from them. I am almost finished paying for my CC and in the next 6 months will be completely debt free. (also, i do know my cards are getting paid off because i get finalized paperwork from the attorneys offices the cards are with) Anytime i have had a problem all i do is pick up the phone and call CS and they are ontop of it...I do know the program is a self help program and by self help i mean that they only contact the CC companies if there is a problem and when you are ready to pay off. If you do not let them knwo when you have the money to pay a card off then they do not contact you. Also, if a CC company contacts CS then they will call me with an offer... so, everything has been good for me.. i wish those of you who did not have a good experience with them the best and hope you get things worked out..

The first time we heard about credit solutions was through an interview done by NBC with one of Credit Solutions spoke person about their well to do services. Because we trusted NBC we went ahead and contacted credit solutions.

Once we applied for their well to do services - and made arrangements for their monthly fees to be withdrawn from our savings - credit solutions never contacted us about any kind of settlement. We did contact them at different times about the status of our situation - all they did was send us a "power of attorney" for us to sign - we did and nothing was done. Because credit solutions allowed so much time to pass without doing anything, our loan was sold - three times over - without our knowledge. This new company is now threatening us with garnishing our wages and the $ amount to pay is now way higher because of the thousands of dollars of interest accrued. And, we found this out NOT because credit solutions contacted us - NO! - we found this out because WE contacted them again to find out why we have not been contacted and the status of our situation - again, they are not doing anything to help our situation.

Credit Solutions tactics tell you: ignore your creditors, whether through letters or phone calls and we listened to what they had to say - after all they are supposed to be the expert. This is a mistake - you don't need credit solutions to make deals for you. You just go ahead and call your creditor and tell them your situation and they will listen and work with you directly. YOU DON'T NEED CREDIT SOLUTIONS - you can do this yourself!

They charge their fee up front and then ignore your needs. THEY ARE MISLEADING and it is wrong.

What we are doing is calling NBC and bringing this to their attention, after all they referred credit solutions to the public. There are enough people that have been taken advantage of and it has to stop NOW.

#1 We are calling NBC to call it to their attention.

#2 We are calling Hagens Berman Sobol Shapiro, LLP to demand our $ fee back from credit solutions and file a complaint.

#3 We are filing the same with the State Attorney Generals office.

#4 We are filing the same with the Federal Trade Commission.

#5 We are filing a report with the Better Business Bureau.

And, #6 We are filing for a class suit against credit solutions so they be charged all the interest accrued on our account because of their negligence.

I hereby call on all you guys to do the same and just a thought - I think Google is the best source to warn people about Credit Solutions. Don't you? Thank you.

I had a totally different experience. They did everything that they promised plus more. I even felt very special and cared about because they walked me hand in hand through out the entire process. They estimated it would cost about 50% of my 47K worth of debt. They did even BETTER. They got me a settlement of 19K. That's over 60% off of my original balance. Thanks to them I am now 100% debt free and we did it within 28 months. I don't know what some of you guys are talking about but you should do your research before you start bashing a very legit company that really does help people and keep their promises.

-Steven
Bronx, New York

"I had a totally different experience. They did everything that they promised plus more. I even felt very special and cared about because they walked me hand in hand through out the entire process. They estimated it would cost about 50% of my 47K worth of debt. They did even BETTER. They got me a settlement of 19K. That's over 60% off of my original balance. Thanks to them I am now 100% debt free and we did it within 28 months. I don't know what some of you guys are talking about but you should do your research before you start bashing a very legit company that really does help people and keep their promises. "

I agree 110%. This company has helped several of my close friends. It seems too good to be true but it really does work as promised. Maybe you just weren't serious about getting out of debt and did follow through on your part!!! Keep in mind that over 250,000 people have already been throught the program successfully. They can't all be wrong!! I KNOW this company is legit and works for those who are "serious" about getting out of debt. Don't ruin a good thing and talk bad about a good company. I think the numbers speak for themselves. You can't argue with result.

FYI....Consumer Credit Counseling and Debt Consolidation is a joke!!

If Credit Solutions is so awesome , why is it they have a class action lawsuit against them ?

That's because it's NOT TRUE. Another plant looking to spread some more fertilizer on the web.

How do we know you people who are writing all these positive comments about credit solutions are not # 1 employed by them or # 2 friends of friends. Anyway, the point is that NBC needs to be notified so they bring it to everyone's attention. One person is not enough to get NBC to act. We need (all of us) to get involved. Call Hagens Berman Sobol Shapiro LLP to demand your $ fee back from credit solutions. Send this blog to the State Attorney General Office. Send it to the Federal Trade Commission. Send this blog to the Better Business Bureau. Up load it in Google. Anything to stop credit solutions from mis-leading others.

We need to do this ASAP!

mavery1946,
Usually, if it is a debt. consultant group, it is bad. It should be a non-profit debt. consolidation group.
Your first question should be, do you pay the creditors off every month. If the answer is NO or they say they wait for several months to pay off or you pay them upfront and nothing goes to the creditors for several months. Run far away from these scams. I believe these also go on your credit report just like a bankruptcy.
One month with DEBT CONSULTANTS OF AMERICA set me back 6-9 months.