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Elite Financial Services

Elite Financial Services

Submitted by on Mon, 11/17/2008 - 15:43
Posts: 202330
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I am ready to sign up with a company called Elite Financial Services in Massachusets and I looked them up with the BBB and their record is good. I am just nervous because the man I spoke to said that they we're also members of Association for settlemetn companies and I have read in other articles on this website that sometimes that means nothing?

My husband and I have excellent credit and can afford our minimum payments and every other month we pay at least 20% or more than the minimum due.

The guy I spoke with said that it doesn't matter my credit score is mostly my debt to income ratio anyway. Please help they told me I have 2 days to get my paperwork in to them or else I would not be approved.

My daughter work's for a credit union and we are waiting on an answer back for a loan.

Thanks.


There are numerous Elite Financials and I don't believe they are affiliated with the BBB (see below). As far as associations they're associted with the Chamber of Commerce.

Business Contact & ProfileBack to Top ID: 103813
Business Name: Elite Financial Services, Inc.
Business Address: 999 Broadway, Suite 200
Saugus, MA 01906
See the location on a Mapquest Map
See the location on a Google Map
Original Business Start Date: 1/1/2007
Type of Entity: Corporation
Incorporated: 2007 in MA
Principal: Jason F Voci, President
Number of Employees: 35
Phone Number: (866) 922-0040
Fax Number: (781) 233-3800
BBB Accreditation: This business is not a BBB Accredited Business
Type of Business: CREDIT-DEBT CONSOLIDATION SERVICES
FINANCIAL SERVICES


Submitted by on Mon, 11/17/2008 - 16:06

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Just because they're not w/ the BBB doesn't make them a bad company. It's normally because they haven't been in business for at least 12 months. Several questions come to mind: why wouldn't they register w/ the BBB since it's over the 12 month mark? and why not register w/ the typical settlement associatins (usoba, tasc, iapda, etc)? I would also talk to at least 2 other companies to draw comparisons.


Submitted by on Mon, 11/17/2008 - 18:48

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and Margiehasseve, if you can afford to pay 20% more than the minimums as you mentioned, unlike many folks across the country you have the option of avoiding the settlement route. talk to a dmp or even better get into an accelerated payment program.


Submitted by on Mon, 11/17/2008 - 18:51

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Quite frankly I think the borrower would be better off not doing debt settlement. She is able to make her monthly payments and then some....why pay the fees of a debt settlement company?? Current accounts are not going to settle especially with great credit...and asking for a settlement is going to start raising red flags with her creditors....


Submitted by SOAPLADY on Tue, 11/18/2008 - 05:36

SOAPLADY

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I paid them $4200 in the last 9 months, they settled my circuit city card for $325 when I enrolled the balance was $523. I asked for a refund after learning that my Bank of America account was sent to a collection law office and a judgement was placed against me. They did not tell me that would happen or could happen.

I still have not received a refund and just found out last week that my wages are being garnished. My lawyer is in the process of sending them a letter. Thanks for nothing..you hurt me and my family.


Submitted by on Tue, 11/18/2008 - 17:06

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A letter of intent for suit if a full refund isn't sent to his office within 7 days from when they get his letter.


Submitted by on Wed, 11/19/2008 - 13:54

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Elite Financial Services owners are Jason Voci. Daniel Perry and Wayne Ahlquist. If you check with the Mass division of corporations you will see that they are listed as the directors. I did a cross search on all of the officers for other ownership of corporations. Wayne Ahlquist owns several debt settlement companies along with his partner Lamont Milton:

1. Preferred Financial Services Andover, MA

2. Accelerated Financial Services 49 Blanchard St Lawrence, MA

3. Premier debt solutions 7 Kimball Lane Lynnfield, MA

If you need additional information go to the Massachusetts division of corporations and you can see other contact information. You should also run a google search on these individuals and you will see that there are several threads on this website and rip off report .com that is not good.


Submitted by on Thu, 11/20/2008 - 02:55

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The MA. Better BUssiness Bureau has the company listed with a B+ rating , that should tell you alot .


Submitted by on Sat, 12/06/2008 - 10:59

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has any heard of this company? They are a loan modification company. I don't know if I should believe them or not. Does anyone know where I can get information on getting my loan modified?


Submitted by on Tue, 01/27/2009 - 21:59

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This is a bad!!!!!!!!!!!!!! Company. I called the mortage Co. An B.B.B. Also the same person ( Chris or Nick ) would pick up the phone. Sometimes you would hear people laughing , but always two or three guys that would call you. they wanted my bank acc. bad My wife an I told them no , then they got mad as ever! DO NOT TRUST ANY IN FLORIDA


Submitted by on Thu, 02/12/2009 - 19:28

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BeckyP Stay away from Elite Fin. / First Universal Bad news all the way around. I was two days with them calling me, and pushing me to sign up. They wanted 998.00 down then they would send me the paperwork. Don,t give your money away.


Submitted by on Thu, 02/12/2009 - 19:40

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After hearing a lot of ads on the radio lately about debt settlement, I researched the company I am enrolled with and came across this blog. Mainly I was just looking to see if they had generated any recent complaints. I was in a sticky situation and needed to either file bankruptcy or go with debt settlement. First, I was going to go with another company, as they were 30$ cheaper a month, and stated they could save more. I then researched them on the better business bureau, and they were averaging over 1 complaint a month. I then researched EFS, and found they have had one complaint in their history of being open (early 2007). That was one thing, that really helped me make my mind up. EFS also had a B+ rating when the other company had an F. Wasn't the hardest decision to make once I did some research. So to anyone in a situation stuck choosing, research helps. On the note, Since being enrolled, accounts were settled better than 50%. There was one account settled at 34% and one at 41%. However, there was one account settled at 50% on the dollar. I never seem to have an issue when calling, and can always get in touch with someone who is willing to help. So Far So Good, and based on that I would recommend this company!


Submitted by on Mon, 05/11/2009 - 16:51

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What should I di about this. I am beginning to wonder if I am going the Wrong way
Thanks for youer Ans.


Submitted by on Wed, 06/17/2009 - 17:35

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I was a client of this company, I entered into a 36 month program and they completed me in 17 months. I honestly recommend them. My Representative was always available and they saved me about an average of 70% off of my Debt amount enrolled. Excellent company.


Submitted by on Thu, 07/16/2009 - 13:40

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I want to add one last thing, I see that someone on here is refering to Elite financial the mortgage company in Florida. They are NO relation to Elite financial in MA. EFS in MA is strickly a DEBT SETTLEMENT company. & I agree with most people on here who have actually dealt with them. B+ rating with the BBB says it all. They are one of the most reputable debt settlement companies in the industry.


Submitted by on Thu, 07/16/2009 - 13:45

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I have been speaking with this company for about 1 week, I have done lots of research on the internet and can only seem to find positive feedback on this company. They are one of the only companies that offer a Fee back guarantee, as well as one of the only companies that seem to base thier settlement off of you starting amount, not starting amount and accrueed interet. When they say they will save you 50% or more, they mean it. I spoke to 5 other companies that all said they would save me 50% but that was with the interest included, so in effect I'd really only save about 10% overall. Elite saves you 50% at a minimum and 100% of any interest and fee's

I am going to leave the link to the BBB, this was my deciding factor to sign up with this company. I will also post some client feedback taken directly from the BBB report. very interesting

Better Buisness Bureau link just copy and paste

client feedback on this company, actual clients taken from the BBB

client 1.

Date Submitted: 7/12/2009
Overall Feedback Rating: Excellent
Primary Nature of Compliment: Product/Work Quality
Secondary Nature of Compliment:
Detail: I began my journey of debt elimination with Elite in the Spring of 2008. I had approximately $7,000 in credit card debt which was not enough for most debt solutions companies but Elite financial was more than willing to help me resolve my credit card debt. I was a single mother when I started out and I didn't have much money to spare after taking care of my monthly bills. The staff at Elite took all of my financial information and helped me find a payment that would fit my budget and not leave me broke at end of each money. At first I was really scared because I had heard the horror stories of people paying debt solution/consolidation companies month after month only to find that the company wasn't doing anything to resolve their debt so I made it a point to keep track of what was going on with my account. Much to my relief I received monthly (some times twice a month) phone calls from my financial advisor, letting me what was going and inquiring if I had any creditors calling or mailing me for payments or offering settlements. I still remember the day she called to tell me my first account which was about $5,000 was settled for a little over $900. I cried and laughed with excitement because it had only been a few months into the program. Not long after this settlement and just over a year of being in the program, I received a call from a new financial advisor, that my last two accounts had been settled for only $479! I was in shock for a moment then the tears of joy and relief came (and I'm crying now as I write). It's a moment in my life I will always remember because for once in years I was not stressed or worried about the phone ringing and someone on the other demanding a payment which I didn't have. I can go to the mailbox and not worry that there will a "threat" for legal action if payment is not received. The staff, no that's an understatement, my friends at Elite Financial Services gave me back something I lost years ago when my credit card debt entered my life and that's my peace of mind. I cannot truly put into words the gratitude and love I have everyone at Elite that has given me back my life. Thank you all so very much. I highly recommend Elite Financial Services to anyone who finds themselves in any financial debt situation because this is truly a company of its word!!!


client 2.
Date Submitted: 2/25/2009
Overall Feedback Rating: Excellent
Primary Nature of Compliment: Product/Work Quality
Secondary Nature of Compliment:
Detail: For others out there seeking help with debt issues, I will recommend Elite Financial Services for their help in resolving several of my debts within a year. My present contact was always available and ready to answer questions and did a tremendous job finding great settlements. I highly recommend their service.


I will post back from time to time and let you know how things go

client 1.


Submitted by on Fri, 08/07/2009 - 07:11

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Jason Voci makes it up as he goes there at elite financial services they are all crooks. Think about it what is the motivation for getting you out of debt " as soon as possible" yea right. all they want to do is charge you amonthly maint. fee is what they call it. No There is no fee. They want more money. For half the program you pay into the fee right. so because there is no more 15% to pay they have you pay 30 bucks amonth thats a rip off. find a company that dont charge a monthly maint. fee. that way you are sure i knowing that your company will get you out fast. because there is no fee after the first half. ELITE FINANCIAL SERVICES, IS A RIP OFF. THEY CANNOT BE TRUSTED. AND THEY DO DRUGS ALL DAY OVERTHERE. JASON VOCI IS ADDICTED TO PAIN KILLERS. AND NEEDS TO SUSTAIN HIS HABBITS BY CHARGING YOU 30 PER MONTH MAINT. FEE. FOR ABOUT 2200 CLIENTS. X 30 DO THE MATH. DONT LET ELITE, PREFERRED, ACCELERATED, OR PRIMIER RIP YOU OFF.


Submitted by on Fri, 08/21/2009 - 09:40

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I just signed up with Elite today. I am very nervous after reading all of these posts. The gentleman I worked with did seem to have the perfect answer to every question. I have supposedly agreed on 36 month program that will eliminate my debt of $36,000.00 by paying $721 per month. If it actually takes all 36 months, I will have paid $25,0000.00 saving me $11,000.00 that does not sound too bizzare, so I believe it is ligitimate. Am I in over my head? What could the repercussions be? My first payment is scheduled next week? What to do?


Submitted by on Fri, 10/23/2009 - 08:13

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DO NOT USE ANYTHING FROM ELITE FINANCIAL!!!!!!!!!!!!!! CALL ME AND I WILL BE MORE THAN WILLING TO SHARE MY SITUATION. xxx-xxx-xxxx BRENT. tHIS IS ONE OF THE EASIEST PLACES THAT WILL TAKE YOUR MONEY


Personal information deleted, for your security. - Uncle Wulf


Submitted by on Mon, 10/26/2009 - 15:06

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do not use them - they rip you off and are not upfront about how bad they let things get. I am in the process of fixing the damage they have caused over the last 3 months - at least the companies I phoned were receptive and very nice about the situation. Now my clean up begins and I highly recommend you stay clear of this company.


Submitted by on Wed, 12/02/2009 - 17:03

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I contacted Elite, or rather another company via online app, and someone from Elite contacted me. The program sounds too good to be true. The promise they will clear four of my credit card accounts for 1/2 to 1/3 of what I owe within three years, and at less per month than I'm paying now.

I am tempted, however I am leery based on the excessive calls and emails I have received from the person at Elite.

My original request was for email contact only, yet within a few minutes of submitting the app, he called me at work. I told him I could not talk at work and to call after 6pm. During the past month or two since this initial contact, I have had over 13 calls to my cell phone, and as many emails as well.

I finally just had to ask him to cancel the request and I would touch base after I had time to look over the emails and other information provided.

I'm just not sure if this is the way to go, but I'm sick of the four card who in the past year were going to jump my APR from around 9%-14% to over 20% for no reason. I have a credit rating on the border of good and excellent, so this made no sense. So, to keep from having these exhorbitant rates applied to existing balances...I opted to close all these cards and continue paying at my old rate. Must say I'm pretty sick of throwing $100 a month way on finance charges on that Discover card tho...would love to just wash all this debt away...


Submitted by on Thu, 01/28/2010 - 12:29

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[QUOTE=Unregistered;487790]DO NOT USE ANYTHING FROM ELITE FINANCIAL!!!!!!!!!!!!!! CALL ME AND I WILL BE MORE THAN WILLING TO SHARE MY SITUATION. xxx-xxx-xxxx BRENT. tHIS IS ONE OF THE EASIEST PLACES THAT WILL TAKE YOUR MONEY


Personal information deleted, for your security. - Uncle Wulf[/QUOTE]
I am interested in working with Elite Financial Services in Florida, I would appreciate some more information on this or a number I can reach you at to discuss.
Thank You,
Mike


Submitted by on Tue, 02/16/2010 - 10:53

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Quote:

Originally Posted by Anonymous
I just signed up with Elite today. I am very nervous after reading all of these posts. The gentleman I worked with did seem to have the perfect answer to every question. I have supposedly agreed on 36 month program that will eliminate my debt of $36,000.00 by paying $721 per month. If it actually takes all 36 months, I will have paid $25,0000.00 saving me $11,000.00 that does not sound too bizzare, so I believe it is ligitimate. Am I in over my head? What could the repercussions be? My first payment is scheduled next week? What to do?


Thinking of using this company, how is your experience going?


Submitted by on Fri, 02/19/2010 - 13:00

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