Preferred Financial Services


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P.O. Box 366
Lawrence, MA 01842
Other Business Names: PFS 1
Summary of Business: Debt Settlement, Debt Reduction, Credit and debt Consolidation
Number of BBB Complaints as of 6/17/08: 29
Members of BBB: No
BBB Profile
Business Start Date: March 2003
Number of Employees: 40
Trade Organization Memberships: U.S.O.B.A (United States Organizations for Bankruptcy Alternatives)

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Fees

What is the total fee for the program?

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Over how many months is the fee paid?

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Do you have a set up fee?

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Do you have a money back guarantee?

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Do you charge a fee based on how much I save?

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Eligibility

What type of debt do you work with?

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What is the minimum total unsecured debt one must have in order to qualify?

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Does a client need to include all of their unsecured debt in the plan?

No, clients can decide which ones to enroll

Services

Do you do the negotiations yourselves?

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If not, who is the company you use for negotiations?

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Creditor Calls

Do you send a Power of Attorney to notify the creditors that a client is enrolled in your program right away?

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Do you send a Cease & Desist letter to my creditors?

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Can I change my phone number & address to your companyï¿½s phone number and address?

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Do you have a consumer advocacy group help me with calls?

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(Disclaimer: In no way should this be construed as a formal statement made by the company about the services it offers. Moreover, although an effort has been made to keep this information up to date and accurate, in no way is this a comprehensive overview of the company profiled. For complete information, please contact a representative from this company.)

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