Consumers Beware

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Complaint

0
smh
Country: United States
Consumers Be Careful.
It has come to the attention of Morgan Drexen and its networks of law firms that there are individuals and their companies fraudulently attempting to impersonate themselves as Morgan Drexen. They are doing so by displaying our 800-868-1458 phone number as their caller ID when attemping to call you.

To further protect your identity, NEVER disclose to anyone including any Morgan Drexen employee your full credit card account numbers. Morgan Drexen debt consultants will only request a partial number if necessary. To insure thet you are working with Morgan Drexen you may also log onto the website as a client of one of the law firms confirming your status with Morgan Drexen.

Morgan Drexen has contacted and is working in full cooperation with the Colorado State Attorney General, the Missourri Attorney General, as well as a senior prosecutor with the Federal Trade Commission regarding the 'spoofing' of Morgan Drexen's Caller ID.

If you have received a fraudulent telephone call displaying 800-868-1458 please call us at 800-868-1458 and press '0' and ask to speak with Protective Services

Comments

  • 0
    tj
    See BBB reports on "Morgan Drexen", which lists Walter Ledda as sole proprietor.

    Also search ftc.gov site under Walter Ledda.
    For example:
    http://www.ftc.gov/opa/2005/03/creditcouncel.shtm
  • 0
    tj
    Morgan Drexen is listed here associated with Americor Lending Group.
    http://pages.sbcglobal.net/antitm/telemarketers.html

    Supposedly there is an FCC citation for TCPA violations against Americor and related companies.
    http://pages.sbcglobal.net/antitm/fcc_citations.html

    Parties covered by an FCC citation would likely not want additional similar complaints.
  • 0
    NAOMIE LYONS
    | 1 reply
    HI
    I DON'T KNOW MUCH ABOUT THIS COMPANY. I AM SOON TO CALL AND LET THEM KNOW WHEN TO START DEDUCTING FROM MY ACCOUNT. THEY TOLD ME I CAN GO UP TO SIX YEARS. DOES THIS SOUND RIGHT TO YOU?

    THANKS
    NAOMIE LYONS
  • 0
    D White
    | 1 reply
    I am in the process of contracting their services and would like any input from those who might be familiar with them.
    • 0
      littlejohn replies to D White
      Please beware of Morgan Drexen. I wish I had listened. I used them and was worse off in debt then when I started. They promise to help you and tell you not to answer the calls from your debtors. Contact them instead when you receive calls. They never contact the agencies that call you but instead you fall deeper in debt until you get sued by the collection agencies. Then you have to hire the team of lawyers they promised were backing you from Morgan Drexen. If you don't hire their lawyers you are on your own as I was. There are no lawyers backing you unless you pay for their lawyers. You are better off making arrangements yourself with whomever you owe money to. They told me they would take care of everything and get the collection companies off my back. The companies will sue you and Morgan Drexen does nothing to help that from happening. If I would have paid my debts myself I would have saved $2500.00 plus the lawsuit they caused. Stay away from them!!!!!
  • 0
    linda
    i dont think these people are real iv seen there web sight .  It has a waring message thing on there page if you got a call from them with this number 1800-868-1458call protective services i call and pushed 0 and asked to talk to someone from there and all i get is voice box is full no one is avalible to talk to you i have tryed all morring long and nothing. dont do it inless you talk to a law ferm
  • 0
    Richard X
    This company is a scam artist. You would be well advised to stay clear of this company at all costs. The state of Nevada shows this company as having a  $0 (zero) capital amount.It's director and secretary is one Rita Augusta.

    It's parent company is "Nevada First Holdings". Which has the same physical address yet different officers. With a capital amount of $25,000.

    As far as I can tell, this business is being operated out of a house in Las Vegas. You would be much better off taking your business to a more qualified institution with a stronger background.
  • 0
    amy
    AP9*PRIVACYMATTERS12-V, 877-993-
    I don't know this company and i was charged for it. Does any one have a number to cal?
  • 0
    REX
    say I see that they are out of anaheim
    have you found out any more about them

    REXMWALL@hotmail.com
  • 0
    Sierra
    | 1 reply
    Yes, I know of Morgan Drexen.  I am working with them now & so far am very pleased.  I am paying $300 a month to get through the program in 24 months.  I could have stretched it to 36 or 48 months, but this way I am saving more money & will be debt free a lot faster.  My consultant mentioned to me that for people that have a lot of debt, they can stretch the program to 72 months.  I have already had my Bank of America account settled & they got it down to an amazing 28%!!  I already received my settlement letter & I only have 2 more accounts to go.  I tried wroking with Bank of America before enrolling & was told they could settle the account with me for 70%.  Also, with Morgan Drexen's program I am able to skip December's payment so I can actually afford to buy my daughter some nice christmas presents this year.  I am so glad I went with Morgan Drexen, cuz I just saved a bunch of money!!
    • 0
      REALLY replies to Sierra
      You must work for them!! what a crock! No one is satified with this scam of a company and one out of a million is happy, you?? They are nothing but a scam and no one should deal with them
  • 0
    nick
    i have numbers .1800 819 1581,1 800 872 1840, 1 800 819 7258 , 1 800 868 1458 l too am unsure about them.
  • 0
    hastled
    I got a call with an accent. Couldn't understand the lady.
    They immediately asked for credit info.
    Scam, Scam, Scam.
  • 0
    saj1003
    I am using this company, and I am in the process of contacting the BBB and whoever else to complain. they do not do anything but take your money. I have had nothing but trouble with these people. I thought since I have invested so much money in this company I was going to stay.  I just found out no they do not contact any creditors. about 2 months ago, I got a call from a company that bought a debt of mine. The company that sold it had no idea that I was working through anyone. At this time I have alrady paid over $4000, and only have $200 set up in a trust fund. Anyway this collector was going to settle with me for $500, from $2000.  I was going to settle. I called Morgan drexen who said not to they will handle this. They called back and said they settled for $200 that I had in the trust. You may be saying WOW, I have now found out that Morgan Drexan is charging me $618 which is a precentage that I owed. So now instead of settleing for the $500, I paid $200 plus the extra $618 that morgan drexan is charging, that is on top of the $4000 I have already paid them. They told me they get an additional 25 % of what is the total you owe. Even if the creditors are willing to settle you are paying a lot more.  Look out.
  • 0
    Brandon
    This is from one of your credit cards, or you might have signed up for a free trial for credit  monitoring ... might be this site ... http://www.privacymatters-program.com/
  • 0
    toto
    i am absolutely agreed
    this is a SCAM SCAM SCAM SCAM
    they did not do anything, but brought one of my accounts to the law suite
    they told me they do not consider all late fees and any other additional charges that your creditor actually imposes on you accout, and they settle averything based on your initial balance LIE LIE LIE LIE
    my other account had under $2000.00 when i turned it to them. the settelment was based on the amout over $2000.00 (all late fees and other charges were added on top of my initial balance, therefore, settlement was 50% (which was just a few hundred bucks less than the beginning balance + their 25%. thus i paid out the amout quite equal to what i had.
    i sent them out the bank form requesting not to charge my acount anymore (5 days prior the charge should have occured), they ignored it, and my account got charged. i called them with a cancelation, and was told it canceled. however, a few days later, i got a call from them......
    so the story is still up.........
    for that money we pay them, we could do all settlements ourself

    do not use this company
  • 0
    ConsumersBeware
    | 1 reply
    Trust me on this one...

    I used to work for these folks a loooong time ago & I can tell you hands down to stay as far away from them as possible.  

    Walter Leda & Paul Kardos are the main owners of this company- they are not a law group, as they claim.

    1) Started out as London Financial Group selling bad mortgages - shut down.
    2) Then turned to debt settlement as National Consumer Council (NCC) - shut down by the FCC & they were slapped with multi-millions in lawsuits that they had to pay out.
    3) Switched names to Selidium (spelling?) - shut down by FTC
    4) Now doing business as Morgan Drexen... guaranteed to get shut down soon - it's just a matter of time.

    These guys constantly try to reinvent themselves in order to stay one step ahead of the laws/feds & their only concern (or should I say, Walter Leda's only concern) is making money. Period.  He's got a Ferrari payment and fat mortgage to pay, so he's all about how much $$ can he make - NOT ABOUT HOW MUCH HE CAN HELP CONSUMERS.

    There are legitimate and very successful debt settlement companies out there & it is a great alternative to filing bankruptcy and for getting out of credit debt fast, just make sure that you (as a consumer) do your due diligence about who you will potentially use to help you with your debt.  BBB is a great resource, so use it!!
    • 0
      LATINCOP106 replies to ConsumersBeware
      THANKS FOR THE INFO THIS IS A GREAT HELP ON MY LAW SUITE AGAINST THESE SHYSTERS
  • 0
    JB3
    I would like to learn more about Mr. Ledda.  It seems to me the FTC took him for everything he had.  He had to sell his fat house.  Do you know anything about that law firm Howard | Nassiri, LLP that MD appears to hide behind?

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