ABC debt relief complaints - has anyone used debt relief?

Has anyone used ABC debt Relief? Has anyone got out of debt with this program?
I have been signed up with them now for some months already. I am just wondering if anyone else has used this particular company and what was the experience with them.

32 Answers



The BBB is correct! They are a "F" rated on what they do. (If F stands for nothing)

They charge you to sign up. Take your money, don't even talk to your creditors, waste your time, emails, faxes, and phone calls. When all said and done, you owe the creditors more than what you owed them when you signed up. Don't just terminate them, get your money back. HOW?? Ask for any copies of letters or legal paperwork that they sent or emailed the creditors for you on your behalf! They can't and won't supply it...they didn't do anything!! They didn't fulfill their part of the agreement, so they in fact nulified the contract between you and their company...ABC Debt Relief...

Don't believe the above?? Ask them (the creditors) when they call if they have been contacted by ABC..ask for any paper work sent them, any recorded phone voice recordings. None!!! Plus the creditors don't even recognize them as legit!!!

See an attorney...he/she will tell you the same thing!

The people who recomend them on the web, are the employees of ABC!!

 I signed with ABC four years ago. It has been nothing but a nightmare. First they had me go default on my credit cards on purpose. Then they never answer my emails or phone calls. They never could get a settlement for me. I ended up doing it all myself. This company is a joke.

Run!!! I solved my debt myself, they never contacted any I my collectors, they told me not to pay them they will deal with them. They did not. I was able to get a better settlement by myself. They refunded 80% of my money I paid them with to do a job they didn\'t do. Do it yourself please!!!!

I've had mixed results from them. They never explained new debt and old debt to us. CCs are willing to settle old debt for a lot less because its been on the books and they want you gone. CCs just take you to court on new debt. We got sued right away and ABC wasn't able to do anything. Luckily we provided the info they needed to have it stay out of court and they settled for a very reasonable monthly payment of the full amount plus 1% interest. ABC was no help. During other settlements I would demand they go for much less than they wanted to and the CCs settled for the amounts I suggested. I also negotiated some settlements myself. Then, the counselor we'd been working with for 3 years left just as our last creditor was making threats to take us to court. We asked her to call and settle but the excuses began, she left, we got some weird emails from a person saying he would be in charge of our account even though his email didn't have any affiliation with ABC. Next thing we got served but luckily found a lawyer who does debt negotiation and he settled for half what ABC would have. Now they automatically deduct form our checking account even though they settled less than half our debt. Our contract says we owe them 15% of what they settle. We're going back to the lawyer to work with him to make sure they don't take more than they should. Don't get involved with them. Call you bar association and see what lawyer does debt settlement. If he can't work nation-wide, he'll know someone in other states that can help you.

We have nearly the same situation as the previous poster. They deducted their $9000 fees within the first 3 months and then 9 months later, settled 3 of my husband's 6 debts. Never to be heard from again. The contract states they don't guarantee a settlement but they DO guarantee to refund the portion of their fees for any debts they cannot/don't settle. We are still waiting for that refund. I have sent our final certified request 10 days ago, we'll see.

The only thing I can suggest to people is that when it gets to the stage that ABC settle at, you can do it yourself. I found the letters from CA's to my husband and ABC were settling these debts for nearly the same amount +/- $200. You may as well save yourself the 15% UPFRONT fee and settle yourself. Even their website is no longer exists. I'm glad I printed the pages back in March when we started requesting the refund. They guarantee everything and return nothing.  

ABC debt relief isn't a good company and the whole debt relief program is bogus. It is much easier to call and work with the credit companies direct. I hired ABC 3 years ago and since then I am worse off. I have paid them aprox. $5000 and now that am ready to settle they are nowhere to be found. It looks like I am going to have to work directly with each creditor. And bring suit against ABC for the $5000.

1. They make you stop any payments to the credit cards and put the would be payment money in a separate account.

2. The bank will do what they do if you stop paying them, Bad Reports, Calls, Letters and finally Collections. You still don't pay them.

3. The bank will writ the bad debt off or file for the loss with their insurance and get some money from them.

4. The bank will sell the bad debt to a debt collector for pennies on the dollar. ($15k will be sold at about $6k).

5. The debt collector with then will start asking you for the money, however they will settle for close to the "pennies to the dollar" purchase amount; which you pay from the money you have been putting in the separate account.

6. The bank will be asked to provide in writing to the credit reporting agencies that the debt has been paid.

7. You will have to start rebuilding your credit from that state!

8. This service will come at a cost, 12% of your total debt ($1800). Also there are monthly maintenance fees of about $50 for the duration of about 24 to 36 months for which they will provide guidance and negotiators to talk to the banks and the debt collectors.

9. The important condition is that this debt must BE an "unsecured loan" like the credit card and NOT the "home equity loan".

When you check out a settlement company with the BBB those companies have F ratings because the have not paid the HIGH fees to become a member the basically BUY a C-A rating. The BEST way to check on a business is the ATTORNY GENERAL in the state that they work in. The Attorney General audits and monitors companies to be sure they are following all of the state laws that are required.

Yes, why do so many people put stake into the BBB when it is nothing but a for profit company, that if you pay them they will give you a good rating. If you don't pay them you get an F. Sounds like extortion to me...

Great forum, just finished inquiring with ABC Debt Relief. All my communication were thru e-mail. I just wanted the cliff note`s on how they operate, so after giving them my general info. they e-mailed me back asking me to call them (they needed more info, plus I didn`t give them my right phone number), I resent my general info and \"Mark\" sent me some figures on what I would pay monthly and that I needed to call him to give him my bank accounts!

Now I don`t know about you but Red flags come up when someone ask for that info so early in the process. I started looking on the net to find info on ABC and found your site,THANK YOU, your info was very good and I`m now going to settle my credit card debt myself. I thanked ABC for there time and asked that they did not contact me any further......well several e-mails later and one saying \"I didn`t have any other choices but to use them!\". I told \"Mark\" that I was going to forward his e-mail to the Attorney General and he finally stopped. Thanks again, save your money and contact your cc co. yourself.


Write Your Answer

This question is for testing whether you are a human visitor and to prevent automated spam submissions.
What is the sum of 5 and 2

Page loaded in 1.061 seconds.