Is global client solutions a legitimate business?
Unfortunately, Global Client Solutions is not an actual provider of debt settlement programs. Instead, it is an independent third-party working with payment processing. The company does not have an actual program; it just provides customers who are in a debt settlement program access to payment processing services.
What does global client solutions do?
Global Client Solutions, which is based in the state of Oklahoma, is one of the largest payment processors for the debt-settlement industry. Debt-settlement companies generally offer to help consumers reduce or eliminate their credit card or other debt by negotiating settlements with creditors.
What is a debt settlement program?
Debt settlement programs typically are offered by for-profit companies, and involve the company negotiating with your creditors to allow you to pay a “settlement” to resolve your debt. The settlement is another word for a lump sum that’s less than the full amount you owe.
Who owns Global Holdings?
Sam Solakyan – Owner
Sam Solakyan – Owner – Global Holdings | LinkedIn.
Can you settle credit card debt after a lawsuit?
You can resolve your debt after the suit is filed by sending a Debt Lawsuit Settlement Letter. After filing your Answer into the case, you should begin the process of negotiating a settlement. Most creditors/collectors want to reach a settlement, and they will often settle for less than the amount you actually owe.
What is Global Holding LLC custodian?
Global Holdings is a financial technology company that has been providing payment processing and account management services to the debt settlement industry for nearly 20 years. Our technology platform and expert services have enabled the implementation of debt settlement strategies for millions of consumers.
What is global Ghllc com’on my bank statement?
Most consumers agree to automatically deposit funds into their account on a regular basis by authorizing Global to debit their personal checking or savings account. This will appear on your bank statement as GLOBAL GHLLC.COM.
How do I know if a debt settlement company is legitimate?
7 Signs of a Debt Settlement Scam
- Robocalls.
- Exaggerated promises.
- Upfront fees.
- Questionable contact information.
- Nothing in writing.
- “Government” debt relief programs.
- Dictate to stop communicating with creditors.
Can I cancel my contract with National Debt Relief?
For example, the National Debt Relief allows you to cancel the program at any time if they’re unable to settle the debt or you aren’t satisfied with their services. You won’t be charged any penalties or cancellation fees, and you’ll have your money back.
What is California debt relief?
California Resident Debt Relief. InCharge provides free, nonprofit credit counseling and debt management programs to California residents. If you live in California and need help paying off your credit card debt, InCharge can help you.
Did Global Client Solutions help other companies collect millions of dollars?
— Today, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against Global Client Solutions, a leading debt-settlement payment processor, for allegedly helping other companies to collect tens of millions of dollars in illegal upfront fees from consumers.
What did the CFPB do to global client solutions?
WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) announced an enforcement action against Global Client Solutions, a leading debt-settlement payment processor, for allegedly helping other companies to collect tens of millions of dollars in illegal upfront fees from consumers.
Did Global Client Solutions Process illegal advance fees?
According to the CFPB’s complaint, since October 2010, Global Client Solutions processed tens of millions of dollars in illegal advance fees from tens of thousands of consumers. Global Client Solutions processed these unlawful fees on behalf of hundreds of debt relief companies across the country.
What is Global Client Solutions LLC?
Global Client Solutions LLC (GCS) started in 2003 and is headquartered in Tulsa, Oklahoma. The company claims to be a leading provider of account management services in the debt settlement industry. It should be noted that Global Client Solutions is not a debt settlement company.