Anonymous
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Sub: #65
Replied on 12-25-2009, 09:21 PM
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I was also taken for advantage of by Richard A Brennan for more than $15,000!! No debts were ever settled and was unable to ever reach the company. I have seen the informaiton on the previous lawsuit and the news link, DOES ANYONE HAVE ANY UPDATED INFORMAITON ON THIS....HAS ANYONE HEARD ANYTHING OR WHAT WE NEED TO DO TO TAKE THIS GUY DOWN!!!! Please let me know, I would really appreciate any help with this, please!

fattom321
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Sub: #66
Replied on 12-26-2009, 08:15 PM
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Is Jeff Formulak still behind Brennan? Jeff was the president of the infamous Ameridebt, when Ameridebt went under Jeff started Credicure, and when Non-profit CCCS were under attack Jeff "sold" the business to a lawyer front man.

People these lawyers are all fronts, behind them sits the real crooks. They have changed names so many times because they need new lawyer names to run their scam under. Call a local CCCS if you really need help, or do it all yourself.

Less than 10% of consumers ever get help from these debt companies. They charge fees upfront because they know after 6 months most people realize they are being scammed

Trust me, i have been a part of the top of the food chain and know the non-lawyer crooks who really run the show, they dont care to help anyone just themselves. I am not involved in the debt field anymore but i can tell not much has changed,same scammers just new front men for their scams

All of these lawyer groups are not real lawyers, $7 an hour employees follow scripts designed to get your money, its the biggest scam out there any why so many debt companies are under investigation by state attorney generals and the FTC.

If you sign up with a debt company tell them they can get paid at the end, when they actually save you money, if they stand behind their service theyll agree to being paid when debts are settled instead of monthly service fees and enrollment fees.

Also as an FYI, the value of a debt settlement client to these companies is about $5K. so they make on average $5,000 in fees from every person who enrolls. Basically they steal $5,000 from you in the form of a $500 enrollment fee, $50 a month service fee, and then a 15-25% fee of what they save you. If you want to get out of debt, just start a debt settlement company, after 5 customers most people should be debt free.

Lauren Millman
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Sub: #67
Replied on 07-15-2010, 10:17 AM
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I am just now realizing the terrible state that my credit is now in! I tried for months to get a statement just to see how much I paid in and what I have to work with and I never got a result. I am now being sued by a credit card that hasn't been paid on since 2005. I joined the group to help my credit and get my bills paid faster and not to just pay the minimum payment.. Now my credit is completely screwed! Can I still contact the Attorney General of Maryland?




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* Disclosures:
  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
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