Get Your Money Back from Debt Settlement Scam Artists

11 Dec Get Your Money Back from Debt Settlement Scam Artists

Lately, my clients have been successful getting a refund of their money paid to illegal debt settlement companies. In the past, requests for refunds to these mostly out-of-state operators were ignored.

The key to our success, I suspect, is changing my demand letter to include a report to the Office of the Kansas Bank Commissioner. It is illegal to engage in debt management services with a Kansas consumer unless you are a Kansas attorney or an approved creditor services organization.

I posted about this important Kansas consumer protection law on the Credit Law Network. You can get a list of 32 credit services organizations approved by Kansas regulators on that site.

Getting money back from this ill-advised attempt to pay debts can be welcome relief for my clients to get caught up on necessities and it is a way to pay for their bankruptcy fees. Frequently, the debt settlement plan is not affordable, but since funded by automatic withdrawal from the bank account, it causes a shortage of funds for housing, transportation and food.

Related Posts Plugin for WordPress, Blogger...
The following two tabs change content below.
Jill Michaux has helped Kansas consumers with debt problems for three decades. She and her partner, Mark Neis, are Topeka's only bankruptcy specialists, board certified in consumer bankruptcy law by the American Board of Certification. She help start the National Association of Consumer Bankruptcy Attorneys.
No Comments

Sorry, the comment form is closed at this time.