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I received a letter in the mail May 2013 from a company calling themselves Debt Arbitrators (DA) located 15851 Dallas Pkwy Ste 600 Addison, TX 75001 phone number 1-800-400-6750.They claimed I had credit card balances in excess of $25,000 that they could settle for me through mediation for $14,250 by sending in monthly payments of $445.83.

The odd thing is they addressed it to my maiden name and I have zero credit card debt. All of my cards combined wouldn't even amount to $25,000 even if I maxed them all out. Google searched the company and discovered they are a scam. They use the name of legitimate law firms to trick people into sending them money, but the law firms have no knowledge of these contracts.

If you get one of these letters with a seasonal catalog beware.If you call the number do not agree to sign up for anything or they will take your money and do nothing for you.

Review about: Debt Arbitration.

Review #411559 is a subjective opinion of a user.

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Anonymous
Plano, Texas, United States #1269492
Received the letter called in and found out that they do not have our debt or info. They offer help for those who are in debt. Ever since I signed up at Credit Karma I found out they sell your info and I was getting lots of payday loan offer letters. They looked up my debts and I had 3 collections (already knew this) and they found my other debts. This is not a scam they are a company that wants to help if you want the help.
JerzeyBob
Hightstown, New Jersey, United States #918040
Just had an experience with these great scammers! Here is the email I received from the very nice salesman, after he hung up on me 3 times! They failed to mention the 22% they collect from hard working people like myself! If you want to cancel you can call the 1800 number which is 800-249-4207
Kevin Green
Credit Specialist
972-202-5219 Direct
800-249-5808 Toll-Free, EXT 5219
866-349-1208 Facsimile DISCLAIMER: This communication is being provided for informational purposes only and the contents of this communication are not legally binding and do not change the terms of service described in any Service Agreement or its disclosures. We are not a law firm and do not provide legal advice. Furthermore, we are not a credit repair service and do not provide credit repair services. This communication (including any attachments) is intended solely for the recipient(s) named above and may contain information that is confidential, privileged or legally protected. Any unauthorized use or dissemination of this communication is strictly prohibited. Although every attempt is made to ensure the information included in this communication is accurate and timely, the information is presented "as is" and without warranties, either expressed or implied. If you have received this communication in error, please immediately notify the sender by return e-mail message and delete all copies of the original communication. Please be advised all telephone calls to or from the Company
... Show more
Anonymous
to JerzeyBob #918041
All is well for me closed out my bank account, and learned a valuable lesson.
Willnotbescammed
#756301
They are definitely a scam and I reported them to US Postal Inspection: https://postalinspectors.uspis.gov/contactus/filecomplaint.aspx
raygun
Fort Worth, Texas, United States #722635
Here's what I rec'ed from DA, 15851 Dallas Pkwy Ste. 600, Addison, TX 75001; 1-800-500-0204. Ref#: BKD-15508; Est. creditor balance: $15,000 (very convenient amount); Projected settlement offer: $8,550; They mentioned a 2013 summer catalogue (something I never heard of) and a "Est. program pmt.: $335. As of last May of this year, I retired at 69 and went on SS Benefits. Soon after these threats started arriving. It's funny because I paid off all of my credit card bills in May. All I have is a mortgage, a vehicle, utility and living expenses. No cards have been physically stolen but the numbers could be. Definitely a scam. GSR, Fort Worth, TX.
Fooled by Debt Arbitrators
#718119
This is a SCAM. Unforgettably I fell for it and lost $1,000.00! The woman that tries to sign you up when you call is Lorie Magner (972-202-5294 or 800-500-3861). Do NOT fall for this SCAM!
Willnot bescammed
to Fooled by Debt Arbitrators #756304
So sorry you got scammed. I received a smilar letter and reported them to the US Postal Inspection at https://postalinspectors.uspis.gov/contactus/filecomplaint.aspx
not a fool
#666648
Received one in the mail today do not owe anything they stated i pay my bills every month so i know its a bs scam to get my persoonal info.

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