Debtco

I paid close to $5,000 to Debtco, Inc. on Mission Gorge in San Diego, CA to negotiate with my creditors. But after paying the upfront fee to Debtco, we continued to pay approximately $200/month to them over a period of two years to put into an escrow/savings account--so that when they settled with a debtor, the money would be in our account with them to pay the debtor off. We continued to pay, received monthly statements, then suddenly, they fell off the face of the earth and apparently were bought out or changed their name.

We continued to send money, then finally stopped, when we stopped getting correspondence or phone calls. No debts were ever settled and we still have approximately $5,000 in a holding account with them for payment of debts. We tried to locate them for a while, to no avail. I have finally located them, still in San Diego, but at a different address. I have emailed the director but there was no response. I have settled the debts myself over a period of time, personally, and we are wanting our escrow money returned, since it is such a large amount. I am not able to get anywhere at this point but will be consulting a lawyer next week to know my rights in getting my money back.

im tired of these so called co.e mailing and emailing ,phoning,phoning,leaving messages.ive had it! i just want them all to stop.i take exception for the reason i have perfect credit and have done all the right things to keep it that way.what recourse if any do i have to stop all this garbage from entering my world?i believe what there doing is a scam anyhow.putting them out of business would be a good thing.then the weasels would stop calling and i'd feel what debt relief really means!! no more junk mail no more emails no more phone calls.ah, my world just got a little less stressful.thanx for reading this.

phyically,after deleting multiple offers everyday,wondering how many trees must die to mail me junk,getting up time after time to answer the phone,my fingers hurt my brain hurts my legs are tired.economically ive worn a path from the recliner to the phone

My contract states that Debtco agreed to return any unused set aside funds within 30 days. My money was not returned and I sought out Nicolas de Segonzac, President of AcuShield to settle this claim. I spoke with Nicolas by phone and mail and he stated that he would send a check of $801.66 as a good faith deposit with two monthly remaining payments of $5,684 to be mailed to me. I received a check for $801.66 but am still awaiting the balance of the settlement, $11,368.00. Upon further attempts to contact Nicolas or anyone in these companies, I have only found disconnected phone numbers and voicemails stating that the above companies have closed.

I have been unable to close these remaining outstanding debts and therefore have had to move out of my apartment. My wife, my one year old daughter and myself have had to move in with my in-laws. I'm unable to purchase a home for my family simply because I tried to pay off my debt.

I signed up with Debtco in 2002. A few years later, I was notified that they had become Acu-Shield Financial. I've been satisfied up until now (Apr. 2008) as they successfully settled all but one of my accounts. My last account went to a Debt Dismissal program and I heard nothing for months. When I called for a status, I got the run around until I used the word attorney.

I was finally connected to a paralegal who faxed my letter of completion for the program and promised to update me on when I could expect the remaining funds in my account to be returned to me. That didn't happen.

I have been calling and raising heck since December 2007 and, at this rate, it appears I will never see my $3,446.00 that is due to be returned to me from the funds I set aside for negotiations and fees.

This has been the most FRUSTRATING issue to deal with. As I typed earlier, I was very pleased with them until my account was handed over to the Debt Dismissal program and I was given the run around on having my remaining funds returned to me.

I have needed that $3,346 for months now. I have a wedding and honeymoon to help pay for as well as other bills to pay. I have never had such emotional frustration trying to deal with a company in my life!

I have lost more than a thousand dollars, and may have to file BR.

I paid $800 to the company to negotiate with my creditors, but I found out that they didn't do anything because the creditors are still proceeding to court and keep harassing me on the phone. I told them that I already asked Debtco to handle it, but they called me back saying they didn't receive a response. I then sent a letter to terminate the service from Debtco and asked for my money back, but they sent me back a letter for confirmation of the termination of the service but refused to return my money.