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Posted: Sat Mar 15, 2008 9:54 pm Subject: Jefferson Capital Systems...legit?

A couple of months ago I received a letter from one of my debt collectors. I opened up this credit card years ago from a furniture company (who is now closed and bankrupt). So anyway I believe this letter was from Jefferson Capital Systems...basically all it said was that if i paid 3 minimum payments of $113 i'd "qualify" to transfer the balance i owe onto a credit card with zero interest AND they'd give me a special credit offer. I thought it was a GREAT offer being that i wasn't able to afford to pay the whole amount off right away i signed up for it....i got my first statement to pay the first of the three "payments to qualify" but now i'm feeling iffy about the whole thing...and think it might be a scam... I've tried doing some research on the company but can't really find anything on it... I would really like to pay off my debt, but i can't afford to pay all at once, i don't qualify for a loan my credit is awful because of past mistakes! what do i do now? has anyone heard of the "fresh start solution program" that Jefferson Capital Systems offer?

Posted: Sun Mar 16, 2008 4:47 am Subject:

I have not heard of any programs like this, be very careful who you give your money to, not all companies have good intentions, you will find that some get into this industry and prey on those with bad credit. Have you checked them out with the better business bureau, you can google the bbb and search for the company on there, you can then access what other customers have to say about them. goodluck hope all gets straight for you soon.

Posted: Sun Mar 16, 2008 8:40 am Subject:

Run for your life!

This is a scam. Five bucks says the original debt is outside the statute of limitations, or damn close. By taking that offer, you re-start the SoL, in addition to paying more fees, more interest, etc.... And make no mistake, if you default on this, you will be sued.

Watch the documentary 'Maxed Out'. There is some good information in there about this type of thing.

Katlin · Posted: Fri Aug 08, 2008 6:22 am Subject:

it's ligit..i don't know if you looked yet but it is in the bbb.com site...

Posted: Fri Aug 08, 2008 6:31 am Subject:

A little late with that Katlin. This thread is from March.

Posted: Fri Aug 08, 2008 6:31 am Subject:

I agree with Wulf. Jefferson Capital System might be a legal company listed with the BBB but that doesn't mean they aren't trying to bone you. That is a collection tactic they are trying to use on you.

ashleymarie · Posted: Tue Sep 09, 2008 9:43 pm Subject: i know this is late

but DO NOT BELIEVE ANYTHING THE LETTER SAYS. i thought it was great when i got the letter, but here i am at almost 1am freaking out because they were supposed to take 28 dollars out of my account and they took $125 in 5 back to back debits of $25. which in end overdrew my account. now they've given me quite a large headache.