Solidium Consumer Financial Review
Author: Ann
Posted: Fri May 28, 2004 5:12 pm
Post subject: Solidium Consumer Financial Review
I scrolled through all the material from April 2004 on, looking for some references to Solidium/London Financial. I realize this site/thread is devoted to Sherman Acquisitions....in fact, that's how I stumbled on it, because (1) we got involved with Solidium a year ago (who has now been forced into receivership and shut down temporarily at least by the FTC) and (2) because of this new playing field are the seven creditors that we had placed with Solidium (ostensibly a debt management company based on negotiated settlements) going to now "start over" in their efforts with us? I pulled a letter we received in April, 2004 that indicates that NES-National Enterprise Systems has gotten this specific bill from Sherman Acquisition who was representing Providian. What's weird is that we have 3 providian cards placed with Solidium, and only 1 apparently that went to Sherman. We are perhaps in a little different situation, in that we have never disputed these bills, we intend to pay them--but because we were able to pay only minimums with high interest rates, we knew we had to find some other way of getting at the solution. Unfortunately, Solidium was not a solution. Now we find, based on the FTC case transcript, that they were violating their 501(c)3 status in addition to many other things. They are a group of inter-related companies that are definitely FOR profit. The FTC hearing was held in the Western Region/Central California/US District Court last Monday (May 24), and I am currently trying everywhere--to find what the results of that hearing were. The case #, if anyone's interested, is SACV04-0474CJC(JWJx).
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Author: bubba jo
Posted: Fri May 28, 2004 11:51 pm
Post subject: Solidium Consumer Financial Review
Ann, I did a search at the ftc.gov web site using your case number and came up with the following article:
http://www.ftc.gov/opa/2004/05/ncc.htm
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Author: Guest
Posted: Fri May 28, 2004 11:53 pm
Post subject: Solidium Consumer Financial Review
Part of that linked thread gives a hotline for consumers to call.
"The FTC recently established a hotline to provide consumers with the most current information on this case. Consumers may call 202-326-3435."
Author: Ann
Posted: Tue Jun 01, 2004 12:25 am
Post subject: Solidium Consumer Financial Review
Thanks for the tips, BJ....I have continued to check back on all related sites and today hit pay dirt: The website www.thencc.org now carries all the court materials, receiver's reports and press releases provided by Robb Evans and Associates LLC. Apparently that will be the outlet for all the scoop on the situation. Thanks again for the help.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Fri May 28, 2004 5:12 pm
Post subject: Solidium Consumer Financial Review
I scrolled through all the material from April 2004 on, looking for some references to Solidium/London Financial. I realize this site/thread is devoted to Sherman Acquisitions....in fact, that's how I stumbled on it, because (1) we got involved with Solidium a year ago (who has now been forced into receivership and shut down temporarily at least by the FTC) and (2) because of this new playing field are the seven creditors that we had placed with Solidium (ostensibly a debt management company based on negotiated settlements) going to now "start over" in their efforts with us? I pulled a letter we received in April, 2004 that indicates that NES-National Enterprise Systems has gotten this specific bill from Sherman Acquisition who was representing Providian. What's weird is that we have 3 providian cards placed with Solidium, and only 1 apparently that went to Sherman. We are perhaps in a little different situation, in that we have never disputed these bills, we intend to pay them--but because we were able to pay only minimums with high interest rates, we knew we had to find some other way of getting at the solution. Unfortunately, Solidium was not a solution. Now we find, based on the FTC case transcript, that they were violating their 501(c)3 status in addition to many other things. They are a group of inter-related companies that are definitely FOR profit. The FTC hearing was held in the Western Region/Central California/US District Court last Monday (May 24), and I am currently trying everywhere--to find what the results of that hearing were. The case #, if anyone's interested, is SACV04-0474CJC(JWJx).
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: bubba jo
Posted: Fri May 28, 2004 11:51 pm
Post subject: Solidium Consumer Financial Review
Ann, I did a search at the ftc.gov web site using your case number and came up with the following article:
http://www.ftc.gov/opa/2004/05/ncc.htm
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Guest
Posted: Fri May 28, 2004 11:53 pm
Post subject: Solidium Consumer Financial Review
Part of that linked thread gives a hotline for consumers to call.
"The FTC recently established a hotline to provide consumers with the most current information on this case. Consumers may call 202-326-3435."
Author: Ann
Posted: Tue Jun 01, 2004 12:25 am
Post subject: Solidium Consumer Financial Review
Thanks for the tips, BJ....I have continued to check back on all related sites and today hit pay dirt: The website www.thencc.org now carries all the court materials, receiver's reports and press releases provided by Robb Evans and Associates LLC. Apparently that will be the outlet for all the scoop on the situation. Thanks again for the help.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 9:54 PM
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