I was looking for a secured credit card, and was referred to 5/3rd bank. I went in yesterday, and had to open a savings account. He asked if I was in checksystems (I thought I was), but I said no. He entered the information, ran the report (it said CHECKSYSTEMS on the screen) and it came back that they could open the account. So, I opened it, and in addition, opened a checking account as well.
I went home to do more research on them and found a lot of negative comments, excessive fees, etc. I also saw they will run an EWS report and have been known to close accounts based on that. I think I'm in EWS...
Based on this, and the knowledge of the folks here..do you think my account will stay open, or should I go in today (like I planned to based on the reviews I saw) and close the account before they do. While I still want a secured credit card, I would rather use the money for savings account to pay off old bills.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.