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report scam| Country | United States |
| State | Illinois |
| City | Schaumburg |
| Address | 1821 Walden Office Sq Ste 400 |
| Phone | (630) 615-5710 |
| Website | http://www.protectionlegalgroup.com/ |
Protection Legal Group Reviews
I was recently enrolled in a debt settlement program with Protection Legal Group from July 2016 until November 14th, 2016. During that period no progress was made in obtaining a settlement offer from our creditors (the result was that we have instead been served with a litigation notice) and we were no longer able to meet the financial obligations of the weekly payments.
Over this time period, a total of $12,406.80 was deducted from our bank account to be placed in escrow. During this time, we never received any statement notifying of us of any fees that were being withdrawn from the funds in escrow on a weekly basis. If fact, I was misled by Edward Zeller who was our contact at the time of enrollment by being told that the funds would be held in escrow and no disbursement would be permitted without my authorization (excepting the monthly escrow account fees which where specified in the contract).
When requesting withdrawal of our funds, it was a great surprise to find that only $2757.58 was left in the account and that in addition to the escrow fees, the majority of funds had been withdrawn as a "customer fee". We highly object to the misleading manner in which we have been dealt. The total withdrawn in "customer fees" was $9,544.00 (does not include escrow service fees) and represents 77% of the total of the payments intended toward debt settlement. This is an exorbitant amount and there is no evidence that any action was taken on our behalf to warrant these charges.
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513.800.7339 scott
We were contacted by protection legal group to help renegotiate a loan we had with a large lender. They told us they could lower our payoff with the lender. We agreed to there service and started to deposit $1076.95 per week into an escrow account setup by global client solutions{gcs}. We continued to make these payment for approximently 6 months. We paid into this account $23,692.90. On 01/17/2018 we recieved a letter from global client solution saying, quote {this letter is to inform you that the relationship between global client solution and mark d guidubaldi and associates- plg servicing llc has been terminated}.
The letter went on to say that they are sending me a refund check for the money in my escrow account. One day later a check arrived at my office from global for the amount of $3,278.20. I quickly called global to find out where the balance of my money is and was told that protection legal group{plg} withdrew the funds fom my account. Global supplied me with every transaction date that plg took money from the account. I then contacted plg to find out where my money is and was told they took my money for fees. Since hiring this company they have never once contacted our creditor.
I then requested from plg that they supply me with the names and outcome from there conversation with my creditor but they have never responded back to me. My acct rep was carly higueros. She is also involved in this scam up to her ears. So at this point we have been scammed out of $20,414.70. I have contacted various law enforcement agencies about this.{ fl attorney generals office, fbi, consumer financial protection board{cfpb}, illinois state attorney general, illinois state bar association as mr guidubaldi{owner} is an attorney. These agencies have been a lot of help.
However yesterday i contacted the federal trade commission{ftc} and was informed by a wonderfull ftc employee that it is there office that handles these type of issues. She has instructed me to do this Yscam hoping that the rest of you that have also be scammed by this company will call there office and file your complaints. If they see more complaints on this company they will precede to file a class action suites against them. Back in 2010 gcs was fined 7 million dollars by the cfpb and 6 million of that was returned to customers. I respectfully ask all of you to call the ftc and file your colplaints, there is no time frame on recovering your money. Please call the ftc now!!!!
I'd like to discuss your personal experiences with Protection Legal Grp
I am an attorney representing a client in a matter against Protection Legal Group. I would appreciate your sharing your experiences with me.
Norm (215) 756-2424
I've been scammed by Protection Legal Group (aka corporate bailout) on highly misleading and false claims verbally by Mr. Richard Fusco. Basically, he states one thing and in reality the opposite happens. The shell game works like this, they promise to take your overwhelming debt and negotiate it down to a "guaranteed" dollar amout around 50 cents on the dollar. In reality this is what happens. Your money goes into a 3rd party escrow account on a 39 week "guaranteed" program. Then as money racks up in your escrow account they negotiate with your lender to come up with an agreement. What he "they" say verbally does not match up with what really happens. Luckily, I recorded all conversations on phone with Richard Fusco on verbal phone negotiations early on and will use them if needed. They take a huge amount upfront so after approx 24 weeks in the program I thought I had approx. $15,000 in the escrow. As it turns out I only had $ 5k in the escrow and found out by talking to the lawyer of my creditor that they only made a couple attempts at communication and made a paultry settlement offer of $ $2000 which was of course rejected. In the meanwhile, I'm still waiting for whats left in my escrow to make it back to me ($5k) and protection legal group took approx. $ 10k out with very little to no effort or any results. Very sophisticated shell game. I'm with be pursuing class action lawsuits, federal trade commision, attorney general and a few others if my money is not sent back to soon. Watch out for these shady debt settlement companies folks.
I had 32 payments to make , paid aprox 16 or more total of 16753.63. They were suposed to negotiate my debt. Now I am being turned over to litigation and I cant get a call back for three weeks now and the so called escrow is now closed. where did the money go ? What happed to my case? am I out the money? was I scamed?
Protection Legal Group scam artists
We were contacted by Protection Legal Group to help renegotiate a loan we had with a large lender. They told us they could lower our payoff with the lender. We agreed to there service and started to deposit $1076.95 per week into an escrow account setup by Global Client Solutions{GCS}. We continued to make these payment for approximently 6 months. We paid into this account $23,692.90. On 01/17/2018 we recieved a letter from Global Client Solution saying, Quote {This Letter is to inform you that the relationship between Global Client Solution and Mark D Guidubaldi and associates- PLG Servicing LLC Has been terminated}.
The letter went on to say that they are sending me a refund check for the money in my escrow account. One day later a check arrived at my office from Global for the amount of $3,278.20. I quickly called global to find out where the balance of my money is and was told that Protection Legal Group{PLG} withdrew the funds fom my account. Global supplied me with every transaction date that PLG took money from the account. I then contacted PLG to find out where my money is and was told they took my money for fees. Since hiring this company they have never once contacted our creditor.
I then requested from PLG that they supply me with the names and outcome from there conversation with my creditor but they have never responded back to me. My acct rep was Carly Higueros. She is also involved in this scam up to her ears. So At this point we have been SCAMMED out of $20,414.70. I Have contacted various law enforcement agencies about this.{ FL attorney generals office, FBI, Consumer financial protection Board{CFPB}, Illinois state attorney general, Illinois state bar association as MR Guidubaldi{Owner} is an attorney. These agencies have been a lot of help.
However yesterday I contacted the Federal Trade Commission{FTC} and was informed by a wonderfull FTC employee that it is there office that handles these type of issues.
After reading all the outscam on this company called plg, i am begining to feel like i have been scammed. All attempts to speak to representative has prove unsucessful. I had a call in march from a representative of this company promising to negotiate with my debtors. I agreed for a direct deduction of $1175.63 bi-weekly from my bank accounts to be kept in an escrow fund. My debtors have agreed to offered to acept a portion of the loan as setlement and i spoke to my accounts manager about it and realise she wasnt happy about. Ever since she has stop comunicating with me either by phone or emails.
Whatever you do, do NOT give your money to this firm. They will pay themselves first before any money accumulates for settlements. Fast talking salesmen. I was lucky enough to READ THE CONTRACT. If you take the time to do this, you will see how they only work for themselves. I know that they happen to be in Tinton Falls, NJ. Also, I know that they a number of other locations under different names, all feeding the beast that is this group. STAY AWAY!
3 or 30 Park Road in Tinton Falls. If I can get the other names and addresses, I will post.
It appears that I have been scammed by Protective Legal Group as well. I started making payments to them on 04/10/2017 and to date they have collected $4,518.81. There have been no payment disbursements to my lenders or negotiation of any kind.
Meanwhile I am still being contacted by the lenders and no action has taken place.