Pinnacle Credit Services - Consumer reviews and steps to deal with it

Originally Posted by Anonymous

The point of all this is the collection agencies and pricks who own them have to feel apart of the equation. I used to work them as well as one bank years ago. The workers really don't get compensated the way they should the good ones anyway. The companies play a lot of grab ass. The fact is banks already know how much debt per month/yearly will be apprx charged off in credit cards and lines of credit etc. the bank has already made the money many times over from every swipe then the interest rates. The bank ceo,collection ceo and the few underlings make the bread. They put that woe is me bs out there when really they are running a game and put it out there for you too pay a bill which they have purposely refused to work out payment arrangements to keep you on edge. There is no such thing as a sense of urgency either.They have it there by clicking the mouse. Often times info is also often kept from adjusters but known by the upper management. They often have contact info but purposely mess the info to make the collector send to an old address to buy time so the CEO gets his before it's sold like a hooker to the next bidder. Those collection agencies are paid by how many hits each file gets thats why they are sold so often.

Originally Posted by Anonymous

heres a little leason from a real collector and soon to be lawyer....first of all pinnicale is the best debt buyer you could be stuck with, secon the MISTERYIOUS mark on you credit is your own fault you dumb shytfuc* heres how it works you defaulted on your lets say CHASE bank card chase tried collecting on it and then send it to THREE collection agencies to collect on it of which non did cause your a SHYTBAG and then pinnicale bought all legel rights to you debt for 1% or less than what u owed and now u owe then now they will send it to 2-3 collection agencies and there gonna ream you till you pay, by law they can call you 100x a day as long as they only make contact once, and everyday on every number you have (which includes you family freinds neibors cousins aunt uncle old roomate literally anyone you've everyone known will get a call, its allllll public record) pinnice however sometimes lets u pay off the debt for less than you owe, cause they you your a poorbox, say u owe 1000 you pay 600 and they (only one i know of) will actually report you paid it all nice guys huh
****Adult term removed - Jason

Originally Posted by Anonymous

I was hit by this entity too just around Feb. 2007 for 10K. Not easy to trace what the original debt is, but I think in my case they purchased credit card with non-payment of $4,000, which was charged off in 2001. I wanted to contact them and settle the case. I am in a financial situation I pay 4000 today to get rid of it.
But, my Gosh! Reading through the horror comments in this forum (which by the way appears to be the only valid and curent forum on the Internet about this company), it seems to me contacting them would produce no result except psychological stress. What is the point of receiving their harassment, if they don't settle? In my case, I did not get the initial letter. No phone call either.
They probably bought my debt for 1 cent for a dollar. Even if they settled this debt with me for the original amount of $4000, they would still make a net profit of over $3900. What is the 10K for?
I have two questions.
1. Is there is a federal law to prevent these debt purchasers from imposing undue interest on consumers' original debt? Even the IRS does not impose this kind of interest on past-due tax liabilities! This is borderline harsh and brutal punishment. How sad.
2. What is the phone number to Attorney General in the state of Minnesota?

Originally Posted by Anonymous

They creeps harrassed me by phone night and day! I wouldn't settle through them even if I won the Lottery! They tried to tell me that The State of Ohio allows them to disregard my request to stop calling me. I had to pull teeth to get their mailing address so that I could put it in writing to STOP CALLING!! They did not want me to write and tell them to stop calling cause then they would only be able to contact me by mail! So everyone write these idiots and tell them to contact you only by mail!