BE CAREFUL!!!! Need attorney just to read agreement
To start, I DO NOT RECOMMEND THIS COMPANY. Why? I was in financial hardship of my own stupidity and decided to give them a try for Credit Card debt relief. They were open and honest about the whole process during onboarding except for 1 detail. THEIR FEES!!!
When they get a resolution offer for you, and you agree, they take a 27% cut. Was this described during onboarding. NOPE. This isn't 27% off the resolution offer either. They take it from the original full balance when you signed up!!! Also, not discussed. I know you have to make money and I’m okay with that but 27%? When you’re talking debt that is as much as a car. That is a lot of money. Talk about “makin it rain”. They make the deal sound good by saying you pay a low APR and us peasants have no clue how that works except 6% seems like a good deal.
Was it in the paperwork during onboarding? Yes. Do you need a magnifying glass and an attorney to read it? YES!!! It was my own stupidity to trust a business like this without fully going over the agreement. The old ways still take effect today people. If it sounds too good to be true, IT IS!!!
Side note. I received an offer letter for half what I owed directly from the creditor. I could have agreed to that and their payment plan for a lot less and without my credit bombing too much.
To end, you don’t need to make the same mistake I did. You see, the tactic is the waiting game. They will take something rather than nothing and if you wait long enough, they will start contacting you with a lower amount and less of a hit on your credit.
Jimmy
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