[X]
Write ReviewJump to 
3
Helpful
Votes
Votes
GHS Solutions Complaint - Beware of GHS Solutions - Debt Settlement
Debt Settlement - Complaint
DELRAY BEACH, FLORIDA -- I had contacted GHS Solutions hoping that they would assist me in settling my debt. Based on their calculations they would withdraw $485.88 from my checking account on a monthly basis. The agreement that was sent to me states that the first month's withdrawal of $485.88 would include ALL bank fees. However after two withdrawals I informed them that I am no longer interested in their services. Seeing that they had done nothing for me I had expected in all good faith that at least some of my money would be refunded to me. I contacted the Compliance Director who informed me that I should sign a letter cancelling their services and she would examine my account and refund whatever was owed to me. However after I signed the cancellation note that was sent to me she informed me that there was no non-compliance issue so she could not help me. I have been requesting an original agreement which to date I cannot get as this would show that they are ripping me off. I also contacted TASC (The Association of Settlement Companies) which I thought was supposed to protect the consumer. However they informed me that they cannot force GHS Solutions to give me back a refund they can only forward my emails and request that they respond to me. It is sad that consumers are always left out in the cold when it comes to these vultures. It is also sad that the companies that are supposed to force these vultures to act in good faith are always ineffective.
Comments:
Posted by orangefishfishing on 2010-06-07:
Debt settlement is not for the faint of heart. I realized this before I joined. I was initially in a debt consolidation program, and lost a job. I decided on GHS because it was the only company I could find where I could pay for the fees UP FRONT. I would rather know what I am paying, rather than have a moving target of a fee schedule. I was warned of the creditors that would come calling, but remember that your creditors are worse vultures than any settlment company could ever be. I had over $100k in credit card debt. I have paid my fees, and settled my first account at half of my owed amount. I will be at the break even point after a couple more settlments. If you look at interest payments alone, I am already ahead.
Note: All comments are reviewed by a moderator before being published. Please be sure to read our guidelines before commenting.
Company Reps: Post your company response!
