Legal
Your access and use of this site is subject to these terms and conditions:
The information contained herein is believed to be correct, accurate and up-to-date. Nonetheless, we make no express or implied warranties as to the accuracy of the information provided.
The information contained within this site is provided as a public service of Debtors Unite, Inc. (a North Carolina corporation), Vision Credit Education, Inc. (a North Carolina nonprofit corporation) and other nonprofit groups organized to improve financial literacy. It is intended to provide general information, and no part of the information presented should be construed to be legal advice.
The organizations linked to from this website are believed to be in good standing. No express or implied warranties are made to the actual quality of service provided by any agency linked to from this website. Comment links are provided by the general public, and as such, should be followed only with caution.
All agencies listed in this website assert that they provide credit counseling services to the residents of the appropriate states. Credit counseling does not necessarily include debt adjustment services, which may require additional licensing and bonding.
The contents of this website, including all text, images, logos and organization names are protected under United States Copyright law. All rights are reserved.
I wish I would have seen your website sooner, We have been in contract with a Debit Settlement Company by the name of Lincoln Drexel out of Calif. We are just realizing that we are in a worse situation than before. We have been paying $1525 per month for the last four months and NOTHING has been done. Our creditors have not been contacted and now that we shockingly realize that we have been schamed, we don’t know where to start. We own a business and most credit cards where in our personal and some with a Business name. Also they allowed us to include some business accounts such as an Advertising Bill with AT&T.
We kept being reassured by Lincol Drexel that all this was normal and we just had to sit tight.
Yesterday we received a call from a bank that we had a Line of Credit with that they said they were going to attach our Company, this is when all the RED LIGHTS went on. We don’t know where to start, I don’t think there are any pieces to pick up. Can you help advise us.
Dear Gonzalez:
Unfortunately, we hear this all too often from consumers that believe the misleading statements made by debt settlement companies. Until the FTC and individual state governments work to shut down rogue settlement companies, these false promises will continue to be made.
I recommend contacting a local credit counseling agency for help. It is possible that some of your debts may have gone to collections, since that normally happens when a debt falls 180 days delinquent. However, a credit counseling agency can at least examine your situation and advise you on whether it is too late to enroll in a debt management program. You may be able to make it in time, but if not, then you might want to speak with an attorney that is familiar with personal bankruptcy.
Although my payments to Lincoln drexell are not quite as high, I seem to be in the same boat as Mr Gonzales. The creditors which I have entrusted Lincoln drexell to are currently offering me deals to pay them about half of the owed amount. Lincoln drexell told me they would be doing this, but its been over six months now of paying them, they’re into me for about $2,000, and they have not done a thing except tell me to hang in a little longer. Should I take the deals the creditors are offering me? Should I put a stop payment on Lincoln drexell. I’m very conflicted and frustrated at this point of what I should do.
Lincoln Drexell are nothing but a bunch of liars and crooks. They took my money every month and NEVER negociated with anyone. I was able to on my own come to terms with two debts creditors. One I attempted numerous times and the credit card company said I owe them no money. I DID…I have a credit card with them. With negitive results, I finally found out who has my debt. And found out they put a judgement on my credit. NOT GOOD. I’m so upset I would love to knock some sense into those rotton losey crooks. I’m not done LINCOLN DREXELL…YOU RUINED MY LIFE !!!
Nancy,
I am sorry to hear that you have been a victim of Lincoln Drexel. After hearing about your experience, we found that you are not alone. Please feel free to share additional experiences about Lincoln Drexel.