Safetrust Financial was Lifeguard Financial, same scam different name

They went from Lifeguard Financial to Safetrust Financial recently and they still have an "F" rating with the BBB they tried and failed to counteract the rating via the name change because people caught on quickly. A very high percentage of people they enroll in their programs (those gullible enough) never make it through the end. Their phone reps lack any financial knowledege and care little about the people they call, they work for their commission and residuals that's it. The objective of the program is to enroll you and have you set up a noteworld account where they start debiting their fees upfront for at least the first three months and very little goes toward your actual debt. PEOPLE wise up...in order for them to make good on their so called promises your debt has to go several months unpaid before they can even engage in talks to settle them with creditors and several creditors are off limits to them. They won't even touch your debt until you have a substantial amount of money in your account to negotiate anything and that's after their exhorbatant fees have been paid to them. Sometimes it can takes years to settle, that's why they have these 36+ month programs while your credit suffers even worse. In the meantime you can be sued and they will say it's out of their hands at that point. Stay away from the TV and radio adds or filling out anything online that claims to help with debt or mortgages, the calls all go directly to them. They have several different websites. Also, if they manage to get around to settling your debt, they settle for less than they tell you and keep the balance. Now, they added so called attorneys to the mix of the new company so it can give them leverage to practice in additional states that were off limits before. You see debt settlement was barred in some states but attorneys are exempt, see how tricky they are and in order to further dupe their innocent victims they now claim they are a member of the USOBA (United States Organization for Bankruptcy Alternatives), means nothing, it's an organization that you merely have to pay for membership so they can attempt to make you appear ethical, USOBA claimed recently that most debt settlement companies automatically get a D-F rating on the BBB, they'll say anything, these are their clients, the people who pay their bills. Lifeguard, Safetrust or whoever they claim to be today goes through great lengths to ruin lives, you are better off negotiating with your creditors yourself than paying someone to do it for you. They have no "special relationships" with banks or creditors as they claim, at least not anymore than you do. They are simply looking to make a quick buck from the people who can least afford it. RUN while you have the opportunity. I know several of these scumbags personally and I get disgusted whenever I listen to them brag about what they do to innocent people.

All I can add to this discussion is an old thread. Check it out for more information on Safetrust Financial.

http://www.debtconsolidationcare.com...ancial-11.html

Thank you so much for this information. I was actually going to interview with them and will cancel immediately. Take care

This is such a bullshit review and it is obviously from someone that is working for a competitor.

I don't work for them...I got scammed by them....do not go with them....

I lost 3k because of them and fighting htem right now to get my money back

this is an obvious post from an employee of this scam.everyone who is involved in this scam company will get theirs one fine day.

safetrust itself is not a scam. they do, however, sell branches, and the way branches operate ie get clients to enroll can be downright devious. safetrust MAIN explains everything. some branches, do not. all settlement poses pros and cons. ANYTHING you do other than paying your bills on time and as agreed will affect your credit. settlement is a viable option for some, many who DONT have to file bankruptcy could benefit from settlement. dont bash a company based on one inexperienced salesperson or your lack of research before giving out your information.

oh no?the same people who ran and worked for the scam known as lifeguard are now called safetrust.why you ask,because people were filing complaints left and rght.the authorities had a bead on you,but you decided to change names of the scam.same business model,same people,same everything but the name.again everyone involved with this will get what they deserve on day.karma is a nasty mistress.

safetrust isnt a scam. I personally am annoyed at this article because i have been in that program for 7 months now and 4 out of 13 accounts are already settled. Look these guys stopped me from trying to file bankruptcy, and made me realize that its better to do this settlement program and sacrafice my credit for a year or 2, then to file bankruptcy and mess it up for 10 years. I know what debt settlement is, it helped me out with money like crazy. I even went on a cruise with my girlfriend like 2 months ago. So stop all this nonsense, talkin bad about a company that i devoted my money to. This article seems like it was written by a competitor or a mad ex employee that probably got fired, lol. but anyways goodluck to all u people out there. If you ask me, i will definitely referr you to safetrust.

To all you Blog believers,
I am and have been an employee of Lifeguard now known as SafeTrust Financial since day one. Although 90% of the trash that has been written on this page is PURE GARBAGE and shame on you (the coward that did not have the guts to disclose their name) the rest has validity.
In any business it is sometimes hard to find good quality employees. I started out on the floor as an enrollment agent like the rest. The difference is that I UN-like some others took this job serious!! I did my home work and researched this entire industry. Took tests, went to classes to the point that I now train new employees. Way before we let them on the phone they go thru a vigorous training in a class room environment that is followed by an exam that will determine whether or not they will even get on the floor let alone get on the phone!
The allegations made by one person should tell you the reader that in fact this was written by a Disgruntled EX-employee that couldn’t make the grade!!!!! This is their way of trying and I mean TRY to hurt this company, But fear not we are not going anywhere!! We have been settling debt since it conception and will ride this train until the end!!!
As far as the BBB Issue I will be happy to give you access to web sites that will give you inside information to read why debt companies are being given a D & F ratting.
www.Credit.com Listed under: Settlement companies protest better business bureau rating system
Next issue, it is always wiser to read EVERYTHING!!!! Not just the bad stuff. We have several success stories that can be read at you leisure at the following Web Page: http://www.fblassociates.com/faqs.html These are actual letters from the creditors to us regarding a REAL CLIENT! The clients’ information for privacy reasons are removed.
I have read through this blog entirely and have read a factual testimonials of some who obviously enrolled and was satisfied with the results of the program because he followed through……
PLEASE, I beseech you! Do your homework! Find out who you are getting in business with before you do, not after the fact then complain. SAFETRUST FINANCIAL has made many changes and has learned through out the years how to perfect this type of industry. In all my years I have yet to find a company that from the gate got it perfect.
P.S The COWARD that didn’t disclose your name My Initial are DM in Corporate. If you would like to have an intelligent conversation about this I will be happy to take your call and work this out…

First of all, the bbb is owned by a guy who owns a debt consolidation company.
The only debt settlement companies that don't have f ratings on the bbb have close ties with that owner.
Second, you sound like a disgruntled employee who probably didn't cut it and got fired. Now you're bashing.
Safetrust only has 1 thing in mind, and it's the client. The program is only successful if you complete it. Do your homework.

Or- tell us your name and i'm sure someone will contact you.

BBB has been treated as a trusted source of information on businesses for a long time. I'd suggest that you place the source of your comment here.

oh really?how's about all the other businesses that have bad ratings that have nothing to with the debt or financial industry.i really do hate how shills come on and post absolute slanderous lies.again everyone involved with this scam will get what's coming to them.

The BBB is a FRANCHISE! YOU CAN OPEN ONE IN YOUR AREA IF YOU'D LIKE. AND THE OWNER OF THE BBB IS ALSO THE OWNER OF A CREDIT CONSOLIDATION COMPANY. DO YOUR HOMEWORK. It's not slander, it's the truth. The BBB will take any complaint that is sent to them. Even erroneous ones. You can send a complaint to the BBB about anything, even if it doesn't have anything to do with the company that you're sending it to. They put it towards your rating because they don't care. They don't even read the complaints they receive.

no any business can be accredited.please, i'm not impressed by the posting in caps.more lies(sigh).

what is your client id and someone will call you immediately.