FSM Processing settlement offer
Date: Tue, 09/26/2006 - 12:58
All,
I called FSM Group Inc dba FSM Processing Inc and asked for Kathy Reynolds as per previous suggestioned. I explained to her my situation and how much I have paid to date on a $250 loan with a $75 renewal fee - to date I have paid $600. She advise me to contact Carmen Hernandez, some supervisor there. Well Carmen and I were finally able to make contact after playing phone tag since Friday. I explained the same thing to Carmen as I did to Kathy and she was aware cause Kathy gave her the bg info. I had asked for FSM to credit my account paid in full but she stated they cannot do that but offered a settlement. Below is the settlement offer she provided:
Fax: 1-866-516-9700
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I still feel as if I am overpaying them and this one time courtesy offer just seems so ridiculous after paying them $600 already. Do I just bite the bullet and make payment arrangements? I don't want them having my new checkign account info. Do I send a money order if I agree to this?? Your thoughts?
Color me confused.... :?:
I called FSM Group Inc dba FSM Processing Inc and asked for Kathy Reynolds as per previous suggestioned. I explained to her my situation and how much I have paid to date on a $250 loan with a $75 renewal fee - to date I have paid $600. She advise me to contact Carmen Hernandez, some supervisor there. Well Carmen and I were finally able to make contact after playing phone tag since Friday. I explained the same thing to Carmen as I did to Kathy and she was aware cause Kathy gave her the bg info. I had asked for FSM to credit my account paid in full but she stated they cannot do that but offered a settlement. Below is the settlement offer she provided:
From: Carmen Hernandez mailto:chernandez@fsmprocessing.com
Sent: Tuesday, September 26, 2006 12:14 PM
To: xxxxxxxx
Subject: Your account with FSM
Acct# xxxxxx
Per our conversation on 9/25/06; I have credited your $250.00 principal balance with FSM $150.00. Your remaining principal balance is $100 plus a $30.00 finance charge. In addition, as a One Time Courtesy, FSM is skipping your upcoming due date of 9/29/06. Your next due date will be 10/13/06 for the finance charge only of $30.00. Please call atleast 3 business days in advance if you wish to paydown or payoff your loan.
Carmen Hernandez
FSM Account Manager
Phone: 1-866-516-9300 ext. 100
Fax: 1-866-516-9700
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I still feel as if I am overpaying them and this one time courtesy offer just seems so ridiculous after paying them $600 already. Do I just bite the bullet and make payment arrangements? I don't want them having my new checkign account info. Do I send a money order if I agree to this?? Your thoughts?
Color me confused.... :?:
On one hand, I'd tell them to bite me! 30 bucks? What buttheads
On one hand, I'd tell them to bite me! 30 bucks? What buttheads!
On the other, I'd probably pay it to get them outta my face. Definately send a money order and write on it, "loan paid in full". Then make a copy of it and send it to the loansharks!
Just for fun, I'd send them off a letter requesting a refund too. lol
Mamasita21 If you want to know the breakdown on how it reach
Mamasita21
If you want to know the breakdown on how it reached to this total, ask them for the loan statement and confirm on the balance owed. You can do this before sending your money yet again.
