2. NO COMPANY HAS THE ABILITY TO MAKE SURE CREDITORS STOP CALLING YOU IMMEDIATELY, IT USUALLY TAKES 90 DAY 120 DAYS AFTER NOT PAYING CREDITORS. ANYONE THAT TELL YOU OTHERWISE....PLEASE TAKE THAT AS A SIGN OF "ILLEGITIMATE COMPANY".
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This is not true.

I have worked in the industry.

When you enter debt settlement a good company will contact your creditors and say you are in Debt Settlement...and send Cease and Desist letters. Laws dictate the creditors will have to deal with your Debt Settlement company. If they continue to harass you....that is a violation.

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So you admit that you advise clients not to pay creditors. Guess so they can pay you instead. Your bottom line is to make as much money off your already debt beaten clients right?

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I just signed up 3 weeks ago. First payment went out last week. I am getting non stop calls from creditors, whcih I can deal with, but I am still not sure about the company. They keep changing their name, First it was Lifeguard Financial, now it is Safetrust Financial, their website lgf101.com points to FBL associates. Why so many names in short period of time? That is what concerns me. I am thinking to withdraw my contract, close my bank account and go with a debt management company, like careone. If any genuine client is out there, I would like to meet him/her personally, no matter where in US is he/she. Genuine Clients -> Please respond.

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The company is complete fraud. I just found out that the branch office in Cherry hill, NJ changed the name and address 3 times in the last 1 year. The same goes with Lifeguard. That alone tells you enough. Why would a reputable company change places and addresses and maes, unless they are trying to hide. I was so stupid to believe it, and I kick myself in the butt. First payment of $1600 went out of my bank. I just sent a fax to noteworld and wrote a letter to them also, sent a fax to my bank also. I will keep you guys upto date about what happenes. DON'T FALL FOR IT. Their plan is to sign you up in 1-2-3 year program, and after 9 months, the company changes name and diappears, leaving you behind depp in the pit of debt. Do not hand over you rlife to them. They are total Scam, with FFFFFF rating at bbb.

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Lifeguard will be the subject of an enforcement action before the holidays are over. . if you gave them money, hire a lawyer to get it back. . .

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i went with this company thinking it was a great company. They dont tell you they charge over 1100.00 fee to set up the account with another company. I have made two payments of 270.00 and have 8.01 in my account. I called to cancel and its 500.00 to cancel. What a rip off and the creditors are still calling daily. BECAREFUL do your homework I didnt do mine now im getting ripped off.

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i went with this company thinking it was a great company. They dont tell you they charge over 1100.00 fee to set up the account with another company. I have made two payments of 270.00 and have 8.01 in my account. I called to cancel and its 500.00 to cancel. What a rip off and the creditors are still calling daily. BECAREFUL do your homework I didnt do mine now im getting ripped off.

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solicitation removed ---mobile

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Call me, we won't charge you one single fee upfront. I will make this worth your while. The fact that they have changed there name so many times in a short amount of time is a red flag. deleted...pm I promise you we do not charge a single dime until we have successfully gotten a settlement for you. It isn't an out of pocket fee. I would love to get the chance to talk to you and explain. I can lower our fee, if it will cost you to cancel, so it will still save you more in the long run. We average better reductions, because we never take any portion of your monthly payment, and that means we can pay off your creditors sooner. So we in turn get better reduction. We settle debts on an individual basis, and not a pool of clients all at once. Financial hardship greatly helps our settlements. call and ask for Kari.

soory kari,but no solicitation allowed...paulmergel.

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Google "Why does the BBB grade debt settlement an F?", you will see that there is an unfair rating system going on for settlement companies. It's the BBB that is hurting the consumer, when they are not distinguishing the good companies from the bad. You really need to look at the TASC site. The association of settlement companies. You will see that with the letter from their president, it will explain the rating. Beware of settlement companies that actually have better than a D rating with BBB. It means they are lying about what they do, they list themselves as debt consolidation. Consolidation is totally different than settlement, as at this time the BBB looks at consolidation as a more viable way for the consumer to get out of debt, because it entails the creditor being paid in full. With settlement, consumers only have to pay back a portion of the debt owed, so the BBB does not look at this as a viable way to get out of debt, as the Credit card companies and the BBB are in cahoots! If that is the case then Bankruptcy attorneys should never grade higher than a D or an F. But this will be fixed at some point. also look up "BBB Extortion" you can pay them a monthly fee and the BBB will delete negative complaints. So I never think that the BBB is a good source for looking into any company. Do your own research, ask your own questions.

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That isn't what debt settlement companies do, unless they are not legit. They do let you know that you cannot be paying your creditor and settle a debt at the same time. to settle the debt you must be in default. If you were to say, "Jane Doe, do not make your payments to your creditor." that's not right. But the right way would be for the company to explain "if you want to do debt settlement, I cannot legally advise you not to pay your creditors but if you want to do debt settlement you must understand that the only way to get a settlement is if you are not paying your creditor, and it is completely up to you if you would want to do that." it is still the consumers decision, as you the company has to explain the risks of what happens when you don't pay a creditor.

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I posted a comment a couple of days ago. I was trying to cancel my plan with Safe Trust (Lifeguard) I was able to cancel. Not by their will, but by force. Since I did not sign any paper documents, I went to the bank, reported that payment as an un-authorized payment, closed my account and I am supposed to get the credit tomorrow from the bank. In the meantime, I also sent a fax to noteworld, and a written letter to them also.

Before trying to do settlement, I was with Care one Credit - Debt Management. I was with them for good 2 years. Excellent company with A+ BBB rating. I called them about an hour ago, and asked them about debt settlement. They do offer debt settlement. The gentleman was very helpful, we spent almost 45 minutes over the phone. He explained me everything about the fees. and with 67,000 debt, I enroled with them in settlement program. Their fees are as follows. $50/month service fee. $400 activation fee (goes out of trust account in second month). Then they take 30% of savings on debt settlement with a max of 24% of total settlement. For example, if the debt is $10000, if they settle for 6000, saving is $4000, so their fee will be 30% of $4000, which is $1200. Since 1200 is less than 24% of $6000 (which is $1440), so their fee will be $1200. So the actual saving for consumer will be $2800. That is how I understood.

As far as calls from creditors are concerned. Well, so far I am getting them. But after about 1 week of making the first payment, they are supposed to stop. Because the company sends letters to creditors I will further update you guys in that regard.

Any one looking for debt settlement - go with A+ rating company, care one credit. google it, you will find them. Whoever said, that all debt settlement companies have F ratings is a lie. Proof is right here. A debt settlement and debt management company with A+ rating. Go figure.

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Care one credit is a debt management company . It is not a debt settlement company . They refer client's that don't qualify for a DMP to Persels & Associates, LLC a national law firm that offers debt settlement. FYI--- They have a C- rating with the BBB. The post about the BBB being biased against debt settlement is true. Go to TASC's site to read more about the response towards the BBB's position on debt settlement.

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__________________
Scammed ? File complaints at these links
FBI
FTC
State Attorney Generals
TASC

cease and desist letters actually may affect the amount that you save on a settlement, so if you can just hack the annoying calls, you should. The only reason that companies send these out are to make you feel less frustrated so you don't cancel from their program. You don't have to believe this, but it is completely true.

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to be quite honest with you, they are scam artist, they are NOT TO BE TRUSTED, and when you try to talk to client service they give you the run around. RUN while you can, if not you will be sued by people you owe, and trust me you Will received collection notices.

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Was nearly scammed into working for these monsters

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