Lifeguard Financial - What are the debtors saying?

The money has to accumulate, sometimes for months, before Lifeguard is able to pay a settlement to the creditors since those are the very funds they are using. In the meantime your credit score does drop as monthly payments are no longer being made. Eventually these amounts are paid off at a tremendous discount which will very slowly help your credit score go back up mainly because your debt to income ratio changes for the better so suddenly. If your friend has already made 7 months of payments then here credit has already been affected so she should hang in there in for the good part since getting out now will just cause her debt to jump back up the 45% (or more) that Lifeguard's arbitrators are getting it reduced for. Any conversations she has with her creditors with promises to pay can actually make an arbitrators job more difficult and delay things so its best to just tell them that her accounts are being handled by Lifeguard and hang up. -kinda like saying Speak to my Lawyer!

I have to say that just because some people are dishonest in how they get the accounts does not mean that the company as a whole is a fraud.
The potential for dishonesty exists in any job where people make a commision so I guess we should no longer have cell phones, lawyers, accountants, satellite dishes, clothing from Macy's or almost any department store, or wear shoes from a shoe store for that matter. There's nothing wrong with commision even Lifeguard fires people for being dishonest.

I received a call from Lifeguard Financial back in Jan, 2009 and after talking to a gal from the Fort Washington PA. office. She educated me on my situation and after i verified the company with the attorney general and the BBB. I decided to sign up. I did a 12 month program with 8 credit cards and as of today 8-19-2009 7 of the 8 accts have been settled and paid in full and i received my satisfaction letters, that leaves 1 more card to be settled which is on track to be paid off by Oct, which is 2 months early so that is great. My co worker also joined the program in feb and is also very happy. The hardest part was the phone calls from the creditors for the first 90 days, because they would lie to me and say anything to scare me to pay them money. The calls did stop when Lifeguard said they would. Lifegaurd Financial is the real deal and I would refer them to anyone I know. They really helped me out.

It seems like you provide the same services as LIFEGAURD FINANCIAL. Are you advertising for them?

It seems like you provide the same services as LIFEGAURD FINANCIAL. Are you advertising for them?

Just to let you know the lifeguard office in fort washington did not even open its doors until april so it is impossible for anyone to of talked to anybody in Jan

Buyer Beware. BBB rating down to a C+.

Im not going to speak too much about lifeguard, but my neighbor is with them and loves their program. i do believe it is only for the people who are struglling, meaning, if u are on time and paying your blls with no stress, they are not for you - they are simply a bailout program before bankruptcy.

I am currently involved with a lawsuit against the BBB because the company i used to work for was slandered with their rating dropping everyday due to complaints. What they dont consider is that we were enrolling hundrends of satisfied clietns everyday into our program at this cell phone store. Well, if we had one complaint per day, but 299 happy customers, the BBB will still drop our rating. So they dont take in consideration the % of happy clients, only the complaints. So with respecdt to lifeguard, i know they are a huge nationwide company, so maybe having 45 complaints isnt that bad if they have 20,000 clients, remember that mcdonalds used to have 5,000 complaints until they cancelled the BBB

Debt is a sticky situation to get out of, regardless who is or isn't on your side. I've heard positive things about LendingTree.


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Lifeguard Financial now has a C+ Rating with the BBB and it looks to fall to D with the amount of consumer complaints they have for taking massive upfront fees without performing a service.

Lifeguard Financial scams in States like New York have made it so they can not offer debt settlement in NY any longer.

Sounds like the wrong debt settlement company to work with if you ask me, but what do I know.

more rumors this is ridiculous!!! of course we can offer settlement to NY clients and we charge NO UPFRONT FEES so please spread rumors elsewhere.

What burns me is that the Fort Lauderdale main office is right up the street from the Attorney General's offices in Fort Lauderdale.

Does Bill McCullough wait until the scam reaches a family member before he takes down a company?

My roommate/best friend *worked* at Lifeguard Financial based in Brooklyn, NY. He encountered many shady situations within weeks of working there. He even was given a paycheck very short of what they had proposed to pay him. They had advised him NOT to obtain clients in NY for undisclosed reasons.

On a further note, if you read through this forum it is amazing how the responses defending Lifeguard Financial are proposed. It's almost as if they are hiring consumers to advertise in such forums as this one...

The customer leads that he had received began to repeat quickly; therefore, he felt he was bothering the same people repeatedly. Many claimed to NOT even have the total debt or credit score information that he was given. He has worked at MetLife as well as Merrill Lynch and is a trustworthy man. His first word of advice would be to NOT trust Lifeguard Financial to assist you with your debts.

It is an extremely troubling time; Debt Settlement/Consolidation Companies should be upgrading tremendously to aid all who are in such great need. Please do further research before choosing a financial organization to help relieve the financial burdens in your lives. Make sure the company is a member of the TASC (The Association of Settlement Companies).

HERES THE DEAL LGF HAS GREAT SERVICE. IF THE ASSOCIATE THAT YOU SPOKE WITH WASN'T ON POINT AND YOU WERE NOT SATISFIED THEN HE WAS NEW OR DUMB! DEBT SETTLEMENT: WE DO NOT PAY CREDITORS UNTIL 10% OF EACH ACCT. IS IN THE SAVINGS ACCT YOU SIGN UP WITH. ONCE THAT HAPPENS WE SETTLE WITH YOUR CREDITORS. THEN WE START PAYING THE CREDITORS. THE CREDITORS WILL SAY THEY HAVE NOT BEEN CONTACTED BECAUSE THEY ARE UPSET THEY ARE NOT GETTING THEIR MONEY UNTIL THE SETTLEMENT IS OVER. THATS WHY THEY WILL TALK BS ONLINE AND EVEN TO YOU DIRECTLY BEFORE YOU SIGN UP.

I regret to inform you all that Lifeguard Financial is nothing but a scam. I can tell you this first hand as a former employee who use to work in one of the Florida branches. I feel sorry for all parties involved with these people. Please do not believe any of the lies they tell you. This company preys on innocent consumer like a vulture targets its next meal. They repeatedly call people who asked to have their name placed on the Do Not Call list and never follow up with their promises on the back end. This company also does not enter certain markets like New York because they know prompt legal action will be taken against them. If you don't believe me, ask your Lifeguard Financial representative to explain to you why they can not operate in a state like New York. Or ask him exactly when he received your information about your credit score and your unsecured debt. The person on the other end of the line will not give you a straight answer. You should ask them to explain there fees on the second page of their "service-agreement". They will probably tell you that the 15% is actually the $49 monthly payment fee. This is not true. This company and their cohorts are wolves in sheep's clothing. They even pay their staff to post on forums about how good they are. What other company do you know has a Better Business Bureau rating of an A- that plummets to a C+ by the next week. You use to be able to go to their website lgf101.com and click on the BBB symbol and check out their rating. Since then, they have disabled this function because it was to "easy" for concerned clients to report there fraudulent practices. If these people are harassing you report them to the Better Business Bureau on their website. There main office is in Fort Lauderdale, Florida. If you are a current employee, run like hell. You don't want to be around when the house of cards falls. If you are thinking about joining the Lifeguard Financial team, you are better off paying the bills yourself or filing for bankruptcy.I wish you all the best.

Good Samaritan

This scam company is already in the eye of the Attorney General of Florida and New York. . Call the Attorney General Number. They will explain the deal with LGF and tell you how many complaints have been filed with the AG.

FYI, each complaint filed with the BBB Florida is delivered to the Florida AG.