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Purpose Loans

Submitted by ladybug on Thu, 07/05/2007 - 16:51
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What do you all think about this response from Purpose Loans of the complaint I filed with the BBB in regards to them, and do you think its legit? It is filed under Purpose Solutions LLC, in Atlanta GA, but they are suppose to be in Delaware. Is it the same place? It's sounds like it, they are referring to the contract, it just seems unusual and too easy, too good to be true?.

Quote:
On July 02, 2007, the business provided the following information:
Although we disagree with the merits of your claim as the loan agreement you signed clearly discloses the type of loan, the terms and the repayment schedule, we do sympathize with you in your current financial situation.
As a courtesy, we agree to waive the remaining balance of the loan and accept the $534.76 you have already paid as payment in full. Furthermore, we will delete all information regarding this loan from your credit report. Please allow up to sixty days for the credit bureaus to update their records.

If you have questions, please email Stacey Field at stacey.field(at)purposecenter.com or call her at 770-206-6233. Thank you for alerting us to your concerns and allowing us the opportunity to address them.


I think that is good. They are marking the account paid in full, so that is great. make sure you keep a copy of this for your records so that way if there are any problems, you have proof of what they told you. As Sassy said, keep an eye on your credit report. Has is shown up on your credit report yet? Regardless, I would keep an eye on it for a while. But it is great that they are making your account paid!


Submitted by 2nband on Fri, 07/06/2007 - 06:20

2nband

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