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Credit Solutions - Is it a scam company?

Submitted by on Sun, 11/12/2006 - 09:00
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Is Credit Solutions a legitimate company? I doubt whether it is a good company. I have been dealing with them for about 2 months. I just talked to one of my credit card companies and they said that they have not heard anything from credit solutions about any kind of settlement. Now what do I do?


Quote:

Originally Posted by Anonymous
I also used to work for Credit Solutions of America. I quit there in March of 2007 and they attempted to sue me for $50,000 for getting a job in settlement elsewhere. Settlement is not a scam, and really Credit Solutions isn't even a scam. They don't outline everything like they should, but they do perform a service. Their main problem is that they don't follow through with the plan. They tell you that they'll have customer service follow up with you on the regular, but this doesn't happen (at least not while I was employed there). They had 250 people in the enrollment (sales) department there when I left, and they had less than 100 on the back end (customer service, settlement department, etc...)
Today I work for a much more reliable company called AFC Processing (Accredited Financial Corporation). We're members of TASC (The Association of Settlement Companies). I've helped out many people in my last few years here, and I would love to help you out as well.
We're not as large of a company and that would work towards your benefit in the long run. We assign 4 individuals to your case. You'll have me on the backburner at all times. You'll also have 1 person in contracts work with you to complete your working file. You'll then also have your own appointed customer service representative that will help field the calls from the creditors to our office. And last but certainly not least you'll have 1 person from the settlement team assigned to you as well, and this person negotiates with your creditors for you.
We have few people in sales here, and many people in the back end to assist you. Our pricing is much less expensive than Credit Solutions, and our settlements are better as well.
It can't hurt to call me. I'm probably the least pressuring person you'll talk to (something the Credit Solutions frowns upon as their sales people can be a little over the top since their coached to be that way).
I look forward to helping you out. Mention where you found me and I'll lower our service fee for you as well.
Bottom line, and what really matters. Credit Solutions = large company, tiny back end. AFC Processing = small company, large back end! This makes a huge difference on your success in debt settlement.
Joey Staton
AFC Processing
info deleted per TOS...pm


the first part states where you admit the reps don't explain the process,then don't really follow-up.or did i miss that?maybe i overstepped stating you started AFC,but your follow-up where you readliy admit to trying to advertise doesn't excuse the post.follow the TOS,and you are welcome here.mobile0311 works in the debt settlement industry too.good people are an assett.i'll chalk it up to an honest mistake.


Submitted by paulmergel on Fri, 11/20/2009 - 12:50

paulmergel

( Posts: 15514 | Credits: )


i too agree that it was a honest mistake, but if you stick around you will see why your not allowed to do this. I myself got scolded pretty badly in the beginning with honest intentions. rule of thumb, never really steer anyone to anything because if you steer them to anything they will come back and come after you. you can advise without directing them to a particular company or service. This makes it thier choice in the end. In the end they are all good choices, but the choices need to fit the needs. If you have honest to goodness feel you are here to just help with a better understanding how things work, you can do that without directing and we are more than happy to welcome you.


Submitted by love_my_things on Sun, 11/22/2009 - 07:42

love_my_things

( Posts: 1434 | Credits: )


Yes you can. As long as you give your bank a 3 days heads up they have to allow you to block that ach draft.
[URL="http://www.fdic.gov/regulations/laws/rules/6500-3100.html#fdic6500205.10"]REGULATION E
[/URL]
[URL="http://www.fdic.gov/regulations/laws/rules/6500-3100.html#fdic6500205.10"]? 205.10 Preauthorized transfers
[/URL][URL="http://www.fdic.gov/regulations/laws/rules/6500-3100.html#fdic6500205.10"](c) Consumer's right to stop payment[/URL]


Submitted by mobile0311 on Tue, 11/24/2009 - 15:56

mobile0311

( Posts: 1817 | Credits: )


don't let a credit card consolidation company tell you that debt settlement is a scam. ALL CREDIT CARD CONSOLIDATION COMPANIES ARE PAID BY CREDIT CARD COMPANIES. They make major bucks because they get fees from you and the credit card companies and you hav e to pay back all of the interest on the balances and the entire balance itself. Do your homework people, settlement companies discuss settlements with the creditors for almost half or more than half of your balance that you owe. The BBB score on credit solutions is because they have settled all but 7 complaints against them and this is because the creditors are not willing to work with settlement companies. Everyone needs to stop using credit cards all together and NOT BUY ITEMS THAT YOU KNOW YOU CAN'T AFFORD. YOU ARE THE REASON THE THE RATES ARE SO HIGH!!!!!!!!


Submitted by on Tue, 11/24/2009 - 19:19

( Posts: 202330 | Credits: )


Credit Solutions has helped me and 4 of my friends and family members (on 5 different occasions) eliminate our debt and get on with our lives. Those that have posted all these negative things must have enrolled and thought that they had some kind of magic wand or something. It does take some discipline and patience on the debtors part. You have to be serious and not continue to be irresponsible.


Submitted by on Fri, 11/27/2009 - 08:16

( Posts: 202330 | Credits: )


I am heading to my lawyers office today. I have been enrolled for over a year and have gotten one card paid off and could have done that on my own. They lead me to believe that as I paid the fees they would contact the creditors and keep up with my accounts and they did not. I continue to get calls and letters from my creditors and every time I talk to one they let me know that CSA has not contacted them ever. Not only that the agreed upon draft date for my fee was never acknowledged and would send my savings into the negative every time because they would draft before I put the money in. That account was for their drafts only. Every time I tried to cancel they would transfer me to different people until I was worn down and would agree to give them another chance. This is ridiculos. The last rep I talked to didnt deny the Attorney General's investigations (multiple states) and stated they arent part of the BBB because they have nothing to do with their business. If you check the BBBs website they recieve an F. I feel stupid that I got scammed for so long but will be takng action now.


Submitted by on Wed, 12/02/2009 - 09:23

( Posts: 202330 | Credits: )


honest to god spammer...*sigh

yes I'm in collections (if that answers your question).
Firstly, please don't lump CSA in with collection agencies. You and I both know they are 2 VERY different sorts of businesses.

I work for an accounts recievables firm (won't name it of course). I'm going to be completely honest with you all. What you pay these companies (persels & assc, llc; and CSA) to do, you could be doing yourself. Settling a debt is something that is free and takes very little brain power. Essentially, the service they are providing is stopping the collection calls, which if you just tried talking to debt collectors you would find a degree of reasonableness as long as you are reasonable yourself. In short, don't pay for a service which you could do yourself for free.

As far as CSA goes, as far as I know they don't build an esgrow account unlike most DSC companies. They bill you a monthly fee and negotiate directly with creditors and coll agencies (with a POA on file of course) for the best settlement offer, and then the settlement payments are set up through your own checking account. Then there is a charge, most likely based on a % of your savings. They tell you it could take up to 5 years to complete the program. The reason being is that during the initial period of delinquency, or the pre-charge off stage, your origional creditor still owns the debt but usually contracts an agency to collect on the account. This is where the bulk of negotiation SHOULD take place. Here is what they DON'T tell you... After 6 months the account charges off, meaning R9 on your CBR and, depending on the creditor, other steps which could include or not include litigation takes place. During which period negotiations are stopped... And stay stopped until either A) you are sued; or B) your account sits in debt purchasing within a pool of other "bad debt." for up to 3 years before being sold off to other 3rd party coll agencies.

I suppose i've drawn on long enough... Trade secred though: Depending on the creditor, if you settle yourself you can usually get a settlement anywhere between 30-40% at 5-6 months of delinquency...free of charge, free of debt.


Submitted by on Sat, 12/05/2009 - 06:59

( Posts: 202330 | Credits: )


ALSO AGREED:
always make sure you BBB any business you deal with when paying up front for services -- including coll agencies. Make sure they are accredited and that they have a score of A- or better.

Most settlement programs are, in fact short term (meaning 90 days or less). Some people need to build these esgrow accounts over a longer period of time before taking advantage of a good settlement, in which case a DSC is right for you...but not CSA, you LITERALLY can do everything they can do because they do not build esgrow. They just stop the calls.


Submitted by on Sat, 12/05/2009 - 09:14

( Posts: 202330 | Credits: )


just to add, they will TRY to stop the calls. they still will attempt to call you and most settlement companies will tell you not to speak with them, or remind them to contact the settlement company. if they continue the settlement company will send them another letter to stop calling. but they will still try


Submitted by love_my_things on Sat, 12/05/2009 - 09:30

love_my_things

( Posts: 1434 | Credits: )


I think the problem is not many people know about finances thus they don't know the pros and cons of debt settlement. Settlement can really work if you or the company you go with follow through. Of course the banks are going to say they don't work with credit solutions they want YOU to keep paying on time. Wither you do it yourself of go with Credit Solutions lets be smart. Send any documents certified mail to the credit card companies when you negotiate with them and keep copies of all correspondence. I know people who did Credit Solutions and love it I also know people who just did it themselves. Either way educate yourselves with the law and financial information not other peoples comments. Look at the paper work of ANY company you go to and understand how the program works. In loo of social networking the real work of research is lost. If you really want to get out of debt get help because you obviously couldn't do it yourself in the first place. What do you have to lose? Or rather what will you lose if you don't do SOMETHING. Good luck to you guys and pick up a book once in a while. The person who went with credit solutions called 1-800-950-5313 and talked to lee the person who did it themselves got a book by David Blachard.


Submitted by on Sat, 12/05/2009 - 15:53

( Posts: 202330 | Credits: )


I was a client with Credit Solutions for a year and was told to not answer phone calls or mail because it was a scare tactic. I did as they said and on one of my accounts that was for $600.00 all of a sudden jumped up to $1,200.00 and a summons to go to court. Called CS who stated that they would not make any settlement offers until they were notified by me that there was money to use. This is not what my wife and I heard on the seperate phone calls when we signed up with them. Sure they settled the account and I'm paying $5.00 less than the original balance plus another $230.00 dollars. After speaking with the lawyer who is collecting the funds for this account stated that I would have had a better deal negotiating with them personally. They sucked out a years worth of service charges that was over $1,800.00 that I could have used to pay a couple of the cards off. I cancelled today after speaking with a personal lawyer friend of mine. Sure they may be certified but a word of warning to anyone thinking of going with this company to do your homework first. Don't be scammed like so many of us on this site.


Submitted by on Thu, 12/10/2009 - 11:46

( Posts: 202330 | Credits: )


I've been with credit solutions for 3 months now. So far it's been everything they have promised. I settled my first debt this week at 25 cents to the dollar. I've also had other offers for 50 cents on the dollar but obviously don't have the money to settle everything so quickly.
I've seen posts about Student Loans on this thread. I highly doubt that this company would enrol such accounts as Student Loans can not be settled. This is credit 101.
If you are thinking about credit solutions then do your research, and make your own decision. So far my results have been positive and I'm happy I made the choice.


Submitted by on Fri, 12/18/2009 - 06:30

( Posts: 202330 | Credits: )


I have sent them almost $1,000 to help me... they've done nothing!! I could've paid off a creditor by now with that money. Granted I got myself in this mess by my situation at the time, but I truly am trying to fix things... and now I get scammed... how do I get my money back for credit solutions? please help...


Submitted by on Tue, 12/22/2009 - 12:11

( Posts: 202330 | Credits: )


I WAS a former credit solutions client and they told me the same thing as everyone else, dont make anymore payments to your creditors, dont answer the phone from debt collectors, and so on and so fourth. I signed up back in late april/early may with cs and they told me that my fee for their services was going to be $3000 with the first 3 months paying $305 each, then after that my payments would go down to $148 per month. They also told me that by the 4th or 5th month that i would be hearing from them with possible settlement offers, and i didnt hear SQUAT!! So after i got done with my job this fall(seasonal worker) i decided to call my good friends at careonecredit.com and had them sign me up on their program, i called cs and told them that i was through with their bs(pardon the langague) but i was not seeing any results and that my credit score had gone from extremely excellent to poor within 3 months of being on their program a.k.a 768 to 534. (nice huh) anyway im excited about being on this program, because for one, i know that i will see results using these guys at careonecredit.com they are very professional when i call them and have a question about my account, and they have enstilled a sense of trust for me that i can count on them to help me out with any questions i may have about my program! Thanks CAREONECREDIT.COM!!!


Submitted by on Wed, 12/23/2009 - 14:16

( Posts: 202330 | Credits: )


I have nothing but praise for the company and people I dealt with at Credit Solutions. I believe just as with any venture you may go into it's only going to be as good as the person your working with, such as their actual concern for your individual needs. What was said to take 36 months for me and my husband to pay off was done it less than 24. Thank you Haley and Credit Solutions


Submitted by on Mon, 12/28/2009 - 12:59

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
Isn't there a Statue Of Limitations that after so many years of inactivity on a card that it is basically wrote off as a bad debt for the credit card company?


it depends on your states laws. the state im in is 4 years others are 5 and six and i have even heard of some states being 3 i think. so check into your states laws. after 4 years in my state they can no longer take you to court and sue you as long as you dont pay or agree that the debt is yours and such. but they may still try to pursue you, and after it has expired if you agree or pay anything it starts the statute of limitations all over again.


Submitted by love_my_things on Mon, 12/28/2009 - 13:40

love_my_things

( Posts: 1434 | Credits: )


Quote:

Originally Posted by Anonymous
no matter what you are told settling you debt effects your credit terribly. If you cant pay your debts quit paying them, get a prepaid cell phone and they can never reach you. Credit is a material lie made by man to screw over others, credit cards are designed to make it very difficult to ever pay them off. Free yourself from the BS.


...says the man w/a 50 inch flat screen and a credit score of 0.

You're delusional. You need credit for everything these days. You can't even buy a home or start a business without it. Oh yeah and just TRY to get a decent job without good credit.

Think about it this way: There has to be some way to keep people accountable for the large sums of other peoples' money that consumers spend. And consider yourself lucky that all companies like Chase and Bank of America will do is make derogatory credit marks on your CBR. Most companies will litigate on top of that.

So whatever your therapist is telling you about debt being a "stressor" and all that garbage, disregard it. You DO need credit and if you DON'T have it, it will come back to haunt you.

One more thing, when people actively choose to ignore their debt, OTHER people, good tax-paying people, have to pay for your ignorance!

...Oh, and credit solutions is a joke :D


Submitted by Huus on Mon, 12/28/2009 - 17:35

Huus

( Posts: 19 | Credits: )


I just went with credit solutions last night and they told me they could get my interest lower and their fee would be absolved in the interest and finance charges they will save me. They said they could definately get this as i have never missed a payment. It is supposed to be money back if they can't save me X amount of dollars. Is anyone in that boat?


Submitted by on Wed, 12/30/2009 - 07:37

( Posts: 202330 | Credits: )


Quote:

Originally Posted by shopaholic5
I went through DebtWave who was recommended to me through this site. They have been AWESOME. I started out with $21K in debt 4 years ago...and i'm down to 3K. They estimated 4 years in the beginning and i've gone a little over 4, but will be done in May/June. :) they have excellent customer service!


Wow your credit rating must SUUUUCK! good luck buying a house or whatever it is you plan on doing with NO credit... Such a shame.


Submitted by on Wed, 12/30/2009 - 17:44

( Posts: 202330 | Credits: )


In response to "Extremely ticked off!"

You're an idiot. CareOne is a Consumer credit counceling service that doesn't even do THAT. It's merely a front for it's debt settlement parent company Persels & assc... All Care one does is refer potential clients to P&A. This in my opinion is much worse. P&A, CSA, and J Haas are all going to hell for what they do to their unsuspecting clients.


Submitted by on Wed, 12/30/2009 - 17:50

( Posts: 202330 | Credits: )


I signed up yesterday. The salesperson and video DO NOT say what is in the packet of information that comes with the 'welcome' email. I read all the fine print today. I have excellent credit (FICO of 745) .. but about $30K in credit card debt that I am current on and paying to the best of my ability. I accrued this debt over 5 years when I got cancer and couldn't work. My husband and I used credit cards to supplement our single income until I could go back to work. Credit Solutions really played on my 'hardship' issue and distracted me, I believe, from really understanding what this program does. If you have good credit, don't do this!
I do not like what I am reading, nor do I like the fine print information that I will have to accrue 60% of the debt in an account before settlement can occur. I am calling my credit union tomorrow and stopping the auto withdrawal that begins on January 10th. I have not sent the 'power of attorney' to my 2 credit card companies .. and will not. Nor will I send in the hardship letter to Credit Solutions.
What I will do is continue to pay off the highest interest rate card (6%) at double payments and the lower card (4.5%) at single payment until the highest rate card is paid off (about 2 years). Then I'll tackle the other card (2 more years). That's been my plan all along and I've been doing fine. Credit Solutions knocked it down to 1/2, yet added their 5,000 fee and set up a payment plan of 4 years of a few hundred a month less than what I'm doing now. But I will ultimately end up with poor credit and I don't want that at all. Poor credit limits one's opportunities in so many ways.
I don't know why I fell for this scam. I feel so stupid. Thank you everyone who has posted .. positive and negative .. it's been very helpful to me.


Submitted by on Wed, 12/30/2009 - 21:58

( Posts: 202330 | Credits: )


Why on earth you went with CSA is beyond me. Someone with a FICO score such as yours shouldn't even be willing to consider debt settlement. ALL settlements negatively affect your credit. As far as CSA: where they get'cha is they tell you it is a "debt settlement program" that could last for up to three years. In the mean time they tell you to stop paying on your accounts (harming your credit for each month of delinquency as well as adding accumulating late fees, over the limit fees, and interest). As far as I know telling people not to pay their monthly statement is a felony...but I suppose that's why there is a pending investigation by the Texas AG's office.

Even worse - after 180 days past due your account charges off reflecting as an R9 on your CBR - a black mark that could mean the differnce of 400-600 points depending on your creditor and which credit experts you ask. In layman's terms this reflects almost as bad as a Chapter 7 on your CBR and stays on for 7-10 years. Settleing before the point of charge off doesn't hurt your credit as much as when you do it afterward, but the theory behind waiting past the point of charge off is to get the best settlement possible.

A little long winded but I hope this helps.


Submitted by Huus on Tue, 01/05/2010 - 23:01

Huus

( Posts: 19 | Credits: )


Is 'First credit solutions' same as 'credit solutions'? I am dealing with 'First credit solutions' who promised to clear all my debt in about 6months & charged me ??300. It's been over a year now but nothing at all has happened. All i get told when i call them is that they are still waiting for some trial cases to go through for which they still have not been given a date so they have no idea how long it can take & its out of their control to do anything. I just dont know what to do. They also said if the claim is not succesful i loose the fee i paid them even though they work on no win no fee bases. I was not made aware of this when i applied for the claim. Does anyone have any advise for me?


Submitted by on Sat, 01/09/2010 - 07:33

( Posts: 202330 | Credits: )


I just started working for a company called prodebtco, everything seems fine the ppl that trained me dont seem like bad guys and the program as a whole does not in any way seem like a scam.
However, the reason Im writing this, is to see if anyone had any complaints beacause I refuse to work for a company that is cashing in on peoples misfortunes. So If anyone has had a bad expierence or so much as heard any bad things, feel free to respond.


Submitted by on Mon, 01/11/2010 - 10:24

( Posts: 202330 | Credits: )


I just want to thank those of you that have reviewed them. I just got off the phone with a representative and he made it all sound easy and too good to be true. I told him I needed some time to think about it.

Really what I wanted was to find online communities like this one and see what people are saying.

Thanks again!

I won't be screwed. :cool:


Submitted by on Wed, 01/13/2010 - 15:33

( Posts: 202330 | Credits: )


These jerks a couple months ago kept calling me day after day after day and repeated emails trying to get me to sign up for their service after a couple of threats to get them for harrassment they stopped. Well now it's been two months and they are now calling me everyday AGAIN and started the Emails again! I am on the national do not call list but don't know how to report them for this!


Submitted by on Thu, 01/21/2010 - 18:47

( Posts: 202330 | Credits: )


Credit Solutions is a total scam, I was dealing with a fellow name Trevor. sound like a really nice guy who lived in Hawaii with his wife while in the service. Anyways, repeatedly told Trevor that my husband is on a business trip I'm just gathering information and upon his return we will be a decision as a couple. Oh no problem, no problem. I proceeded to answer all the question, at the agreement that "a final" decision will not be made until my husband returns. My husband and I discussed and chose not to participate in the program, instead wanted to look around for other options. Emailed/called Trevor, with no answer. Next thing you know, $255 is deducted from my checking account. Needless to say, our kids didn't have a great Christmas thanks to Trevor and their scam. We took the loss of $255 and changed all our account information, now hopefully they will stop calling. DO NOT BELIEVE THEM!! THEY ARE A SCAM! WE NEED HELP, AND JERKS LIKE THIS TAKE ADVANTAGE OF YOU IN DESPERATE TIMES!


Submitted by on Wed, 01/27/2010 - 14:07

( Posts: 202330 | Credits: )


I was told to have an available amount each month to go towards my credit cards. Now they say that i'm responsible for that and they have nothing to do with the payoff. I thought thats what they do. thats why there was a number that was given to me to pay these off in three years. Whats going on!


Submitted by on Wed, 02/03/2010 - 06:36

( Posts: 202330 | Credits: )


The positive side of this in my opinion is that Credit Solutions is a good program if they follow up with what they promise. The problem is that the agents are not completing the task they were hired to do.


Submitted by on Thu, 02/04/2010 - 06:21

( Posts: 202330 | Credits: )


I lost my job in March 2009 and joined Credit Solutions in June 2009 after trouble paying all my credit card bills. To only have to pay/ save $400 a month instead over $1,000 I was currently paying on credit card debt sounded like the right decision to make (the only decision in my mind at the time). The first six months of the program was the hardest. I was receiving creditor calls, letters, etc. (someone even showed up at my door) and didn???t have enough money saved to make any settlement offers. Plus, I wasn???t sure what Credit Solutions was supposed to be doing on my behalf since I stopped paying my monthly credit card bills. I couldn???t understand why people kept calling. This was so disheartening.
Then, after 6 months an offer came in from a credit card I owed over $5K on. It was a great offer and I was able to settle my first account for less than half of what I actually owed. I finally had faith in this program I had been buying into for 6 months. A few months later I paid off two more accounts (thanks to Christmas money from family). Recently I was receiving calls from one of my creditors, but it was just sold off to a third party, and Credit Solutions knew about it before I did and updated it for me on my online account. Since this account was sent to a collection agency, I have stopped receiving the annoying phone calls. So, I know that Credit Solutions has been in contact with them and they know I am on this program. I will continue to save and hopefully I will be done in another year (which seems like forever in my mind). If all goes as planned and I continue to save, I will have paid off all my credit card debt in 2 years. I was on a 4 year plan originally with Credit Solution, which at the time was better than the 35 years it was going to take if I continued to pay minimum payments.
The only reason I write this, is because I was one of the confused Credit Solution customers reading all these horrible reviews and wondering if I had made a huge mistake. Well, I am halfway through my debt, so I personally think it has been worth it. Having someone on my side to help me when I had questions while making the negotiations on my behalf has been worth their service fee. Plus I have already saved twice as much as their total service fee and I still have more to save when I settle the remaining accounts. It is not easy, and yes your credit score will be destroyed (I am afraid to look at mine), but in my situation, it seemed like the only way to get out of debt. Paying the rent and buying food for the kids seemed more important than my credit score at the time.


Submitted by on Tue, 02/09/2010 - 09:00

( Posts: 202330 | Credits: )


I enrolled in CS a few years back and it was the single biggest mistake I've ever made financially. The customer service folks were an absolute joke. There were two of them that I knew were quite good, so I always asked for them, but nothing is ever recorded, service reps tell you different things, it is an absolute travesty. The biggest joke of all is that you have to declare the amount your debt was reduced by as INCOME in the next tax year. I settled two accounts, and the total debt reduction on them was $7000. Well guess what? I had to declare that $7000 as income last year and ended up owing $3500 in federal taxes because of it. I made my mistake and am slowly repairing my credit record, and I urge any one reading this to not choose the Credit Solutions route. See a true financial counselor (they are out there) to help you manage your debt.


Submitted by on Thu, 02/11/2010 - 14:28

( Posts: 202330 | Credits: )


:mad:The whole program is a complete "LIE". You can do more for yourself than they can for much less money and less damage to your credit history. CSA is so eager to take your money that they are not honest with you when you sign up. Not everybody that contacts them is a good candidate for the program that they run. I know that now after contacting a lawyer. CSA knows it too! They tell you they will contact your creditors and assure you that they have a great relationship with creditors that will enhance your settlement process. Nothing could be farther from the truth! They tell you to send the paper work telling the creditors not to contact you anymore. They also tell you not to contact them too. As I found out from experience they don't contact them either. Which puts you in a bad position with your creditors. CSA preys on people that are desperate financially. The reason CSA does this is because most folks don't have the financial means to fight them with a lawyer. I encourage anybody who is having trouble to with CSA to contact a consumer affairs lawyer, if you have a solid case they might take the case pro bono. If not contact your states attorney general. Right now Missouri, New York, and Texas attorney generals have CSA in the cross hairs! I'm sure more are to follow. I'm also sure that the FTC is looking into them as well. I can't go into the details of my litigation against them but, until the government does something to them,CSA will continue take money from people. This company is making lots of money at the expense of people already in a bad situation financially. My advice to anyone thinking about using CSA is DON'T. Talk to your Creditor yourself or contact a attorney to represent you. Try and repair your credit as best as possible. Don't let CSA wreck it for good!


Submitted by on Fri, 02/12/2010 - 12:55

( Posts: 202330 | Credits: )


i'm a client of theres and i have tryed over and over to get my stuff payed through them and its not happed at and and now the creiters are tacking money out of my paychecks and i don't know what to so they suck and should pay for what they have done to pleople like us that try so hard to fix what we did and are being used

thank you m.d


Submitted by on Sat, 02/13/2010 - 15:57

( Posts: 202330 | Credits: )


How does your company handle the agents when they attack a prospective client in an unprofessional manner? Falsely accuse a prospective client of a variety of out of line accusations, directly towards their character and such. Is this the type of employees you wish to have work for your company?


Submitted by on Fri, 02/19/2010 - 14:45

( Posts: 202330 | Credits: )


Correction: 400-600 points may be a bit high...
Other sources indicate settlement may affect your fico score 80-120 points. Keep in mind late/missed payments, pending judgements, and the fact that you even considered working with a dsc can also affect your fico score (independent of one another) totalling as much as if not more than a chapter 7 bankruptcy mark on your cbr.


Submitted by Huus on Wed, 03/10/2010 - 18:09

Huus

( Posts: 19 | Credits: )


I engaged with Credit Solutions of America (CS) last December to work on a credit card i have which spin out of control. They were extremely slick, made a lot of statements that made sense to me at the time, and made lots of promises. Within weeks of signing up, they said they were doing a number of things on my behalf already.
After 3 months, after i started complaining to CS about the lack of action, they promised to get on the ball if i could make an offer at a certain level. I talked with a lot of family members and begged for some help and was finally able to get to that 50% mark. A week after i made the offer, i still didn't hear from CS and after repeated calls, i was told they had made a mistake and that the Bank did not consider any offer for at least 180 days. I had to wait more.
I immediately terminated the account after talking with a very rude woman who was trying to convince me i was wrong, using very hard and slick tactics. Thanks to my wife (who is smarter at those things than i am), i pressed on and terminated the account. I lost 4 months of payments (over $1,000) that i will never see again.
Three days later, the bank who i re-contacted made me a great offer, was courteous and professional. I will be able to close my account within 4 months.
So, it doesn't matter whether Credit Solutions is genuinely a scam, or is simply inept at doing what they say they do. Stay away.


Submitted by on Wed, 03/24/2010 - 16:25

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
i have already given them account numbers but now i am having 2nd thoughts. what shoud i do?


CANCEL! CANCEL RIGHT NOW!

Let me put it to you this way. Anyone who says: SUPER GOOD NUMBER ONE SETTLEMENT DEAL JUST FOR YOO NUMBER ONE GUY! well... you probably just don't want to work with. The people at this company are 10x slimey-er than any employee of a CA.


Submitted by Huus on Wed, 04/07/2010 - 18:38

Huus

( Posts: 19 | Credits: )


In 2007 my sister in law committed suicide because she was in over her head in debt, both in her name and her husbands. He was left with thousands in cc debt in his name. On his behalf I contacted Credit Solutions after seeing a segment on NBC. They said they could help. They took several thousands from him as a fee and did nothing despite my constant calling. I ended up settling his accounts on my own. Living on a fixed income he is now out $$ because of this company with nothing to show. They should be ashamed of themselves.


Submitted by on Sun, 04/11/2010 - 08:24

( Posts: 202330 | Credits: )