American Debt Counseling Acquires Family Credit Counseling Corp...

Full story: PRWeb

- On Friday, October 10th American Debt Counseling, Inc. (ADC) agreed to take over the clients of Family Credit Counseling Corporation of Coral Springs, FL., effective as of Tuesday, October 14th.ADC is a 501(c) (3) non- profit credit counseling organization that has been in business since 2001 and is licensed, bonded, insured and has an excellent rating with the BBB. ADC is a member of AADMO and is accredited by BSI. All of ADC's Credit Counselors are certified by NACCC. 'I am very proud that my staff was able to migrate Family Credit Counseling Corporation's data into our system over a three day weekend and start dispersing funds by October 15th,' says Alan Silverberg, CEO of American Debt Counseling. 'We decided to choose American Debt Counseling because of its excellent reputation and experience in assuming clients from many companies. We are amazed at the speed in which they were able to perform this transition and are confident that the clients needs will be met with the quality service that American Debt Counseling provides,' said Randall McDonald, the Director of Family Credit Counseling Corporation.# # #Media Contact:American Debt CounselingEileen Miller954-656-8080Trackback URL: http://prweb.com/pingpr.php/SW5zZS1Db3VwLUVtcHQtQ3Jhcy1JbnNlLVNpbmctWmVybw==

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Jan

Bowling Green, KY

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#1
Oct 26, 2008
 
I just stumbled over this story. I have been a client of FCCC for four years and was never notified. I do know that they have been paid promptly over the years yet the payments going into the creditors has been consistantly late, resulting in all sorts of penalties.
Amy

Macon, GA

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#2
Oct 28, 2008
 
I have also been a client for four years. Payments were made late and they still have one of my payments which I was told would be paid on October 15th. The company was a ripoff.
Bethanie

Chino Hills, CA

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#3
Oct 28, 2008
 
I have been a client for maybe 2 years now. I did not get consistent statements for payments and how the payments were distributed and the remaining balance left for my credit accounts. My creditors would call me or send letters saying they did not receive payment and were late on more than a few occasions. I have not heard of anything negative before this and am hoping my 2 years and thousands of dollars worth of payments have been paid and credited appropriately to each account. From the comments before me, I fear that FCCC may have done me harm. I am hoping and praying that is not the case. Maybe this transition is a good thing, being that they have been acknowledged by the BBB?
Bethanie

Chino Hills, CA

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#4
Oct 28, 2008
 
p.s. I did however receive notification of this transition to American Debt Counseling via a letter in the mail.
Jan

Bowling Green, KY

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#5
Oct 29, 2008
 
If you want a real eye opener, go to Bad Business Bureau web site and then do a search for Family Credit Counceling Corporation.

I have been paying for over four years now and my balance is only down about $1500.00. All of the late fees etc have kept the balance going up. I am now a disabled senior, living well below the poverty level.

Arrow Financial bought up my acct. and they are a nightmare to deal with. ADC doesn't want to talk about what FCCC has done to include walking away with most of the payments collected the last few months without sending the money on to the creditors.

I have spoken with an attorney and will be contacting the crediors and sending them a judgement proof notification. After paying my rent utilities and FCCC, I have had $150.00 a month to live on. My kids go together and pay my internet bill for Christmas each year so please don't ask how I can afford this luxary. I don't have cable so I don't have tv. The internet is my window to the world.

If they REALLY think they want to take me to court, I can have my aid get me dressed, put me in the wheelchair and have a wheelchair taxi take me to court. At this stage, I really don't care. My small disability check can not be garnished.
Denise

Livonia, MI

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#6
Oct 30, 2008
 
I have just gotten off the phone with ADC, and they openly informed me that my October payment taken from my account by FCCC is GONE--I have to make it up to the creditor. Speaking with the creditor, GM/HSBC say's it not their problem and they can do nothing but increase my interest rate if I drop from the ADC management program. I say do not help the credit companies in any way, and never again will I allow anyone to manage my money but myself.
LexingtonLady

Bowling Green, KY

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#7
Oct 30, 2008
 
Sadly, ADC is not responsible for what FCCC pulled. The failure to pass on the October payment is not their issue. Your problem will continue as ADC has a reputation that is as bad as FCCC. There is no garuntee that your faithfull, timely payments will be forwarded on time, often not at all.

I would let your creditors know that you are discussing the possibility of filing for bankruptcy with your attorney in order to regain control of repayment. Watch them change their tune.

I was an absolute fool to obtain those services. My credit only got out of hand due to medical problems. I hit a period when I was in and out of the hospital and physical rehab inpatient much of the time and decided to have the four outstanding bills managed by Christian Family Counceling so I wouldn't need to worry about late payment of bills when hospitalized. I was not about to let the creditors have automatic payment out of my checking acct as I had heard of so many abuses of that. Once the acct. was set up, it was immediately sold to FCCC. I later found out that this is how CFC operates.

I am down to three outstanding accts. They have been sold to Arrow Financial who are a bear to deal with. I will not deal with ADC. The accts. should have been totally paid off by now. I have my receipts. I am at a point in my life where they can just take me to court and waste their money if they chose. Best wishes to all.
Pattyb

Vineland, NJ

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#8
Nov 7, 2008
 
I started FCCC back in 12/05 and my proposals weren't set into place until 6/06 (1 of which I handled myself!). All of us had our money stolen in September by FCCC and I read on Ripoffreport.com that someone went to their bank to retrieve their money, so I did the same. It was already over a month, but gave it a shot anyway. I DID get my money returned as it was a breach of contract to our agreement which was to send the money to the creditors! So, EVERYONE should try and do the same. The downside now is: ADC called me today and requested I fill our another authorization form for the automatic withdrawal form and this new company not only charges the $35.00 to do this, they are also adding a $7.50 charge called a "processing fee". I believe ADC took the monies from us in September and this is their way of recovering the money from me. When I first started the program, they never told me my initial payment was a DONATION as they are a non profit organization! So I am figuring this company took September's monies for their wallet as a donation and now they are pissed I recovered my money...which I had to give to my creditors where it belonged in the first place.
Bankruptcy is a better direction to take. My credit score WAS 700 three years ago and now I have 5 negatives. Took this direction only to have the interest rate lowered! If we were a department store, we could file bankruptcy and re organize ourselves. It's all a money making scam!
Janie

Bowling Green, KY

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#9
Nov 8, 2008
 
You can do what I did. It's a bit of a hassle but.....I closed out my checking acct. and notified them that they would be receiving payment via bank order. This by passes the add ons. They are making enough as it is. BTW, I didn't tell them where I was now banking though I imagine that would be easy enough to discover in spite of the fact that I don't do any online banking anymore.
JOHN

San Francisco, CA

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#11
Nov 14, 2008
 
CAN WE DO SOMETHING ABOUT PEOPLE!!!!!!!!!!
Lisa

Gainesville, FL

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#12
Jan 3, 2009
 

Judged:

4

3

2

Guys/gals, I challenged ADC's authorization to automatically withdrawal money from my account. My bank upheld my challenge, and refunded the money for me.(I did not ask for any more money back than what I overpaid to the creditors, I'm not trying to get over on them, just make right what was not otherwise right)

They tried to stick me with the amount of money collected in September (that was supposed to be disbursed in October), but while that was previously *my* problem, it is now ADC's problem. They are trying to pursue this money from me as a debt that I owe them, and I am challenging them on their lack of due diligence when taking over the account. Unlike what LexingtonLady said above (no disrespect intended), they do have reasonable obligations in handling the account transfer. Consider one of the following must have occurred:

- FCCC transferred the proper numbers and payments to ADC, ADC failed to disburse the payment (direct liability on ADC)
- FCCC transferred the proper numbers and alleged to make the payments directly to the creditors (indirect and direct liability on ADC: failed to confirm payments made, failed to notify clients of FCCC's transgression, failed to provide proper means to pursue FCCC for not properly disbursing the funds)
- FCCC transferred the wrong numbers and ADC failed to double-check this information with either the creditors or the clients (direct liability on ADC)

Please do not let them go unchallenged on this note. Take your time, know your rights, and challenge their actions in a legal fashion.

At the very least, pursue them for stealing money from your bank account *if* they cannot provide proof that you authorized the transaction. They may declare themselves a "non-profit" organization, but they are not volunteers working there. They have a staff that "earns" money, so they have a financial motivation. They are also very rude and incompetent (not much different than the FCCC folks were) when I spoke with them on the phone. They changed their tone a little bit since I have the money they want as opposed to when they had the money that I wanted. Justice will serve in the end, just be patient and persistent.
Koolmomkp

Montgomery, AL

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#13
Jan 6, 2009
 
I've worked with FCCC over 4 years now. As you all have stated, they were late making payments. I've received calls from many creditors asking for payments, threatening to go back to the high interest and everything but in the end FCCC once called to find out what was the problem quickly sent my payments. Now ADC, I have contacted as well to see what they were going to do for me. They have paid my accounts on time. I am up to date on all my accounts and no money has been taken from me. I have also stayed on them constantly to ensure proper payment to all of my creditors. ADC has been prompt in making payments thus far more so than FCCC. My only quest is for the first payment return promised to me by FCCC. Therefore I am investigating more into that but all of your other comments, I have yeet to experience.
Keith

Charlotte, NC

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#14
Jan 14, 2009
 
Hello Guys,
Fccc did not pay creditors for the month of September. Just for starters, I have filled a complaint with both Florida department of Agriculture & Consumer Services and the Attorney General for the State of Florida. We are all trying to do the right thing and pay our debts and not file bankruptcy as most American have. With the help of the good Lord, I feel confident that something positive will come of this.
Thank you guys for all the information. We'll continue the fight.
Fred

Naples, FL

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#16
Feb 14, 2009
 
We followed Lisa's advice, and we challenged American Debt Counseling and their authority to withdrawal funds from our bank (GREAT CALL!). They were unable to provide authorization, and we used that for leverage to prevent them from being able to skirt out of accountability for the money that we had previously sent in to be able to be paid to creditors. Don't let the veil of uncertainty between these two businesses fool you in terms of one trying to assign fault to another, that conveniently no longer exists. They are all crooks in this together. Ask yourself, what is going to prevent American Debt Counseling from doing the same thing that FCCC did? Hold them accountable for each and every dollar that you are to be respected for (nothing more, nothing less).
Former Employee of FCCC

United States

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#17
Mar 11, 2009
 
I am so sorry that all of you have been going through this. I am a former employee of FCCC, and I left in 2004. At the time, alot of us who were there from the beginning did the same. The company started out a good one. Then over time, not only did your accounts get neglected, so were the employees. We were told the same thing you were: "Computer error", "its the creditors fault", but at the same time we were also told to do what we had to to get you back on the program and to reverse the damage. I left because I saw what was starting to happen and James Armstrong Jr. REFUSED to listen. He knew what he was doing was wrong, and didnt care.

As far as the "Setup and Contribution fee's". It was legal in FL to charge such large amounts until about early 2004 I believe. The recuiters often lied about the fee being applied as the first payment. After the law changed FL put limits on the amount charged for the setup fee, as well as the monthly contribution fees. As soon as this happened, James sent the recruiting company to another state (somewhere in N/S Carolina) where the laws still hadn't caught up, so that he could continue charging outrageous amounts from new clients.

I wish there was something more that I could have done. I filed a complaint with the state and with the BBB. Last I heard, several years ago was that the state was looking into the financial statements to see if there was misuse. There was, and the FL state attny only made Mr. Armstrong promise not to open any similar companies. To be honest, I got sick of seeing him with a new luxury car every 8-12 months. Or how about the time he hit someones car in the parking lot (the car was parked and vacant) and then scooted his car to the back and hid it in the back garage so that he wouldnt be found out. Sick man over all.

I hope he gets what he deserves. He is as negligent to his employees as he was to his clients. He is a greedy man with no moral ground or integrity. Its despicable, and I hope he gets taken down and ruined financially, so he can stop hurting people, and so he can see what it is like to live a hard life. Good luck to you all, and god bless.
Dimnut

Granville, Australia

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#18
Apr 14, 2009
 
The Outstanding Public Debt for the USA as of 14 Apr 2009 at 11:40:16 AM GMT is:$111,183,507,428,538.59 divided by 100,000,000 workers equals $111,835.07 for each worker. This debt will take approxiamatly 15 years to pay off
according to US people's Taxation amounts.
Kris

Blackwood, NJ

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#21
Aug 25, 2010
 
I am new to all of this. I just e signed a contract with ADC. I have not formally given them any written contracts yet. I want out immediately after hearing all of this. One friend told me I could close all accounts including my bank. Will they still come after me? I have not given them the first bill which is the "fee." according to the laws I would have a 3 day window to cancel, but this does not apply to a "non profit" organization which happens to be their claim to fame and we all know that is not true. I'm only 28 and I got suckered in quick before doing my research. There has to be a way out before it is to late for me. Any suggestions?
Diane from Magnolia

Wilmington, DE

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#22
Oct 4, 2010
 
LexingtonLady wrote:
Sadly, ADC is not responsible for what FCCC pulled. The failure to pass on the October payment is not their issue. Your problem will continue as ADC has a reputation that is as bad as FCCC. There is no garuntee that your faithfull, timely payments will be forwarded on time, often not at all.
I would let your creditors know that you are discussing the possibility of filing for bankruptcy with your attorney in order to regain control of repayment. Watch them change their tune.
I was an absolute fool to obtain those services. My credit only got out of hand due to medical problems. I hit a period when I was in and out of the hospital and physical rehab inpatient much of the time and decided to have the four outstanding bills managed by Christian Family Counceling so I wouldn't need to worry about late payment of bills when hospitalized. I was not about to let the creditors have automatic payment out of my checking acct as I had heard of so many abuses of that. Once the acct. was set up, it was immediately sold to FCCC. I later found out that this is how CFC operates.
I am down to three outstanding accts. They have been sold to Arrow Financial who are a bear to deal with. I will not deal with ADC. The accts. should have been totally paid off by now. I have my receipts. I am at a point in my life where they can just take me to court and waste their money if they chose. Best wishes to all.
Since ADC took over my accounts from FCCC, ADC has NEVER missed a payment to my creditors since 2008. THEY HAVE BEEN OUTSTANDING!
timothy

Jamaica, NY

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#23
Oct 17, 2010
 
i was under fcc and had a lot of problems with late payments. however, since ADC took over, everything has been perfect. payments made on time. good advice when i call customer service. i have 3 more payments left and I couldn't be happier. finally coming to the end of 4 years. I'm not here to dispute what some of you all are saying. you may very well be right. I just happen to stumble on this forum because I was wondering if ADC would honor the original agreement i had with fcc in refunding the first payment. slim chance i guess from all appearances, but i'm keeping hope alive
Michelles5257

Coram, NY

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#24
Jan 9, 2011
 
I, too, fell victim to FCCC but have been happy for the most part with ADC. My payments were late a few times but creditor did not charge me any fees. I am one payment away from being paid off, and when I asked ADC about the "security deposit" that I had paid to FCCC four years ago, they said they knew nothing about it and I would have to contact FCCC. They neglected to tell me that FCCC did not exist anymore! So my deposit is lost. I consider myself fortunate that I did not get ripped off further.

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