How much can you rely on Preferred Financial Services?

I don't think it is a good company. There is an existing discussion on Preferred Financial Services in this forum itself. You may go through the link http://www.debtconsolidationcare.com/settlement/about13793.html for more details.

Hmmmmmmm....... Too bad you didn't add Google to your research....

They are being sued by the New York Attorney General along with over a dozen other rip-off debt settlement firms.

Because of the lawsuit, the BBB has pulled their report offline.
"http://www.bbb.org/boston/business-reviews/debt-negotiationsettlement-companies/preferred-financial-services-inc-in-lawrence-ma-4011/"

Here is the BBB warning about all the Debt Settlement firms that are being sued by New York Attorney General *alone*: (there are other state Attorney generals suing other DS firms):
"http://easternnc.bbb.org/article/consumer-alerts-for-june-2009-11045"

[QUOTE=sofiasalamanca;445280]Good afternoon, I am new to this forum. Have a credit card debt of $16,000. I just signed with PFS, did some research and I think they are a good company. How have been your experiences with this company...? I went to the Attorney General Office site, and to the BBB in Andover and there is nothing about them. Any comment would be appreciate.
Sofia DONT TRUST THEM..I signed up and in the ACCOUNT APPLICATION I had to give them my bank account #,after I had signed up they gave my banks routing #s along with my checking account #s to a creditor of mine..and that company issued COUNTERFIT check,using my banks #s,put on the bottom of this chech,to be Paid to the order of Cavalry Portfolio Services LLC(A COLLECTION AGENCY),for $200.00 and wrote on the signiture line "Verbally Authorized by your depositor"( me),this is a complete lie,They then proceded to cash this check AT MY BANK.My bank is holding this check and has their fraud division looking into this and they are to get back to me in a few days. My name is Harrison Ash tele 415 785 3250 I will send acopy of the counterfit check to you or your Lawer..

I have been working with PFS for a year now so far they have settled 1 credit card account and saved me about $2800.00 on it. I have never had trouble reaching them nor have they been unprofessional. They send emails regularly to me asking how the program is working for me and tell me to call them if I have any questions. I think the company is doing what they promised.

Angela

I've been with the same company for 2 years, everything is right on track and I am very satisfied. I know i made the right choice, I have most of my debts already settled and I really like my advisor there, great people!

I signed up for Preferred Financial Systems and within several days, they deducted funds from my checking account for my first payment. After that, I received a welcome packet that said that I needed to change my contact number and also mailing address with all of my creditors to the numbers and address specified by PFS (in MA). It also instructed me not to discuss my association with PFS with my creditors and to politely hang-up on them when they call. This made me nervous, so I used their Cancellation Form to cancel my assocation with them, which states that I may do so within 30 days without obligation. I have tried to call and email my contact person for several days and still no response in regards to getting my initial payment returned. What can I do to get these funds back?

I'm thinking of going with PFS to settle my $15500 debt. I have been contacted by a lot of companies and find bad stuff written about all of them. Good too Who can you trust to do what they say they will do?

I have been with PFS1 since October, 2007...I had 7 credit cards with total balance of $40K...5 of the 7 accounts have been satisfied...they have been veryn effective for me...my program is projected to last 43 months and I am on schedule to conclude the program in that amount of time....my monthly payment is $587.

I am happy with the results and have always been treated with courtesy and respect... my assigned representative is readily available....while the negative comments are a concern for me, I have not experienced any of the issues others have noted.