10 Mar, 2020 → by ClaimboUser563435
Predatory consolidation for early debt relief
2
They collected funds from 2018 to 2020 monthly negotiated several loans and charged monthly fees throughout the program. Due to the consistency in monthly timely deposits, they offered an early payment consolidation loan through their company. However, once the remaining debts were negotiated (which were a tremendous savings) they charged me fees for early settlements and interest at 22% which placed me in debt with them for the next four years of over $12, 000.00 Additionally, I have paid into the program over $3, 500.00 that being computed in addition to the future debt over $15, 000.00 which places me deeper in the red than I was when I started the program. I was misled entirely into believing that this would improve my credit and free me from substantial debt in less time. I could have made payment arrangement with the creditors and negotiated and be in a better status. Please advise. LaCountess B. Corbitt