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Safetrust Financial was Lifeguard Financial, same scam different name

Date: Fri, 10/16/2009 - 11:29

Submitted by anonymous
on Fri, 10/16/2009 - 11:29

Posts: 202330 Credits: [Donate]

Total Replies: 28


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.


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.


lrhall41

Submitted by on Fri, 01/22/2010 - 16:14

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Quote:

Originally Posted by Anonymous
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.


lrhall41

Submitted by paulmergel on Sat, 01/23/2010 - 08:52

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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.


lrhall41

Submitted by on Thu, 01/28/2010 - 11:28

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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???


lrhall41

Submitted by on Thu, 01/28/2010 - 17:38

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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.


lrhall41

Submitted by on Tue, 02/16/2010 - 16:24

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Quote:

Originally Posted by Anonymous
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.


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.


lrhall41

Submitted by paulmergel on Wed, 02/17/2010 - 10:35

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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.


lrhall41

Submitted by on Wed, 02/17/2010 - 13:11

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Quote:

Originally Posted by Anonymous
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).


lrhall41

Submitted by paulmergel on Wed, 02/17/2010 - 13:17

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Like I said, do your research. I'm not going to lower myself to your level, I'm not a liar. All this information is at your disposition. If you would like to go on being ignorant and taking those who are easily influenced along with you then be my guest. Like you said, you'll be getting what you deserve. Everyone does.


lrhall41

Submitted by on Wed, 02/17/2010 - 18:42

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Safetrust Financial has not only stopped me from going bankrupt but it has almost settled all of my debt. I agree with the above comment in order to be completely satisfied you must complete the program. I am glad i enrolled with Safetrust and i would refer anyone who i thought was in need of there help. THANK YOU SAFETRUST FINANCIAL!!


lrhall41

Submitted by on Thu, 03/11/2010 - 10:34

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You wont be able to get the money you gave them back except whatever is in your trust on noteworld...cut your ties with them and find yourself a bk lawyer or your credit cards will sue you....I am being sued and trying to file bk because lifeguard/safetrust screwed me


lrhall41

Submitted by on Fri, 03/12/2010 - 19:21

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This person nailed it right on the head. alls they do is bullshit u into thinking there settling for 55 percent of ur debt for you when there really doing it for 30 percent. i worked there and the boss / branch owner has his goons scam people on the phone. as soon as i found out what time it was i left.


lrhall41

Submitted by on Mon, 04/19/2010 - 23:52

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Quote:

Originally Posted by Anonymous
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.



Hello My name is Bill and I am a client of safetrust, would you please contact me so that I can talk to you about this process, I have also been involved for more than 7 months, please respond my # is deleted...pm

do not post personal info per TOS rules.


lrhall41

Submitted by on Sun, 04/25/2010 - 08:18

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Are there any people out there who have benefited from the services this company offers? HAS YOUR DEBT BEEN SETTLED? DID YOU SAVE $$$? ARE YOU BACK ON A GOOD SOLID FINANCIAL FOUNDATION?
I am interested in debt settlement and would like to here from people who have had positive experiences. I'd like to weigh them against all the bad... and make an informed and intelligent decision. Most successful companies have their positives, as well as negatives. Are those prospective positives worth the risk(s) involved?
I'm in debt and have a decent credit score, but what good is that score if in this economic client my score is worth a damn to any creditor unless a significant down payment is made. My recent experience with trying to get a loan has led me to the conclusion that, "my score is not as valuable to me, unless I decrease my debt ratio. Every lender that I have applied to (several) have declined to extend me a loan based on that one factor. What the hell do I do?
Anyone who has any positive suggestions that will allow me to have more money to live on and get my creditors paid off, please let me know. And don't tell me to make my case with the creditors or get another job. I've tried the former and the latter is an on-going process. I need to know if debt settlement works!!! Please, I need to hear from real people. Not those who are seeking to promote their interests (companies) I know how to make the decision thats right for me and I don't need a company rep trying to convince me that their company works best. And I've certainly read alot of negative postings to already. Well, I would like to know why specifically why the program(s) did not work for you. Several speak of quitting program, but none have stated why. Lets hear the real deal; from both perspectives please. Like the Det. Friday used to say, "Just the facts please". I need to know.


lrhall41

Submitted by on Wed, 05/12/2010 - 15:36

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Quote:

Originally Posted by Anonymous
Please have someone at Safe-Trust call me as they have my money.
No one will call back
Enrollment Counselor Tracy Mitchell Auld

Call them directly, we aren't affiliated with them, this is a public forum dedicated to helping people get out of debt. :)


lrhall41

Submitted by Shazzers on Thu, 05/13/2010 - 12:28

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My phone number is 641-897-3433
Mr. Wells Smith
Ms. Tracy Mitchell-Auld
I signed up in Dec 2009 and cancelled with Tracy send in all forms all on time did everything they told me to do, they have been telling me they will send my money back since December 2009.
Now I can't even speak to anyone on the phone, won't return calls, I even faxed all papers to them again, still no one calls
Please Please someone call


lrhall41

Submitted by on Thu, 05/13/2010 - 12:36

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I'm a current employee of the company, as an arbitrator I have negotiated and settled lots of consumer debt. I can assure each of you on this board that the company and its employees work hard to get the lowest settlement amounts for our clients. In fact, there have been times when clients have received refunds at the end of the program due to the fact that we were able to settle below 40% of the consumer???s total debt.

There seems to be a misunderstanding by some, on how the program is designed to work. Ignorance feeds mistrust so, allow me describe some common misconceptions and explain the facts.

One misconception is when clients say that we have been collecting payments from their account for 6 months or longer and not made one payment to any of the creditors. The answer to this is that we don???t make payments we do settlements. Most of our clients are paying for settlement program in installments; some are on programs that take up to 48 months to complete. The reason for a long program is simple economics. It takes time to build funds, we understand that being in debt is not pleasant and neither are the collection calls. We also know that all clients want to be debt free as soon as possible, and many are impatient. Some blog about it..


lrhall41

Submitted by on Wed, 08/18/2010 - 11:42

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I have been with Safetrust/Lifeguard for 10 months & DO believe I'm getting screwed! I was sued by a creditor & was on the phone EVERYDAY(sometimes 2-3x a day!) for a month with FBLgetting updates or trying to find out the status of my case. They lost the first copy my Power of Attorney so I had to fax a second copy a few days before my hearing, everytime I called I spoke to a different rep, they kept telling me "dont worry"! I actually ended up settling the account MYSELF with the law firm that was handling the creditor! They ordered the $ to be sent out of my Noteworld account to the law firm & I had to come up with $700 more than what I had in the reserve account. That is only 1 of 6 accounts settled in 10 months of payments! I am now worried I will get more summons & my reserve account is now drained!!! Where will I come up with more money to pay another creditor if I get sued again??? They didnt really have an answer! I think its time to contact my attorney general & get some of my $3000+ back & go back to a credit COUNSELOR!

thread locked.pm


lrhall41

Submitted by on Mon, 09/13/2010 - 13:04

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