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National Consumer Council

National Consumer Council • "Trust funds" • Telemarketing calls --- • Court order closes NCCC

This supposed non-profit organization fed business to a number of affiliated for-profit companies, including London Financial Group, National Consumer Debt Council, Solidium, J.P. Landis and Financial Rescue Services Inc. It's not doing so anymore, though. The organization was closed by a federal judge May 4, 2004 and a financial guardian is trying to make sense of its accounts.

Consumers who fell for the sales pitch tell some very unpleasant tales. Vanessa of Aurora, Colo., had built up large credit card debts while in college but was not behind on her payments. She began paying into the "trust fund" supposedly established for her by an NCCC affiliate. Eight months later, no payments have been made to the credit card companies and Vanessa is in trouble.

"My balances on these accounts are growing my leaps and bounds, one has increased $4000 in 8 months, my credit is horrible and I am being sued by three of four creditors," she said in a complaint to ConsumerAffairs.com.

The company's unsolicited telemarketing calls have been a pain for consumers. They were also a factor in the Federal Trade Commission's decision to prosecute.

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