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Credit solutions of america Complaint - Deceptive company - debt settlement
debt settlement - Complaint
They promised to settle all my accounts for less than 50% of my balance and I ended up paying more on my Capital One. I only owed 590 and I ended up paying 597 with the threat of litigation if I did not settle. They promise to help but all they do is charge you a ridiculous amount of money and you really do not even save CLOSE to 50%. I did settle 3 of my accounts but they were smaller. My largest account I owed 6000 and I had to settle with 3400, with the fee Credit Solutions charges I might have saved 1000, really not worth the hassle. So yea it SOMEWHAT helps but they just want your money and half the time you have to stay on their butt about getting settlements.
Comments:
Posted by Weedwhacked on 2010-05-26:
Its better than paying everything you owed even though you agreed to terms that you would pay back everything. Not all your creditors are obligated to settle, which is probably why you paid Capital One everything.
Posted by Starlord on 2010-05-27:
You are laboring under the delusion that Credit Solutions made a promise to you to save you at least fifty percent of legally owed debt. They can make no such promise. Just as schools used to offer placement upon gradutation from their courses. The FTC made them stop, as they cannot promise you a job. They can help you in many ways, like helping you write a good resume, tips on how to dress and comport yourself in interviews, etc, but they cannot promise you a job. Credit Solutions can promise to do what they can to help you clean up your credit, but every case is unique. As the people on Operation Repo say, "It ain't no joke, if you don't pay that note."
Posted by Slimjim on 2010-05-27:
A debt settlement company shouldn't even be contracting to settle a debt that is only $590. Where is there really any room to move, plus then they add fees to do it, so what's the point.
If one is going to look at trying to settle out debts, I would say do it with an attorney. Many now have gotten into the field and i doubt many would ever take on small questionable accounts like that. Debt negotiations really only work well for those who have big time 5 figure debt problems.
If one is going to look at trying to settle out debts, I would say do it with an attorney. Many now have gotten into the field and i doubt many would ever take on small questionable accounts like that. Debt negotiations really only work well for those who have big time 5 figure debt problems.
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