Dynamic Financial says I am prequalified for interest rate reduction on credit cards, then tries to charge me $2500 for the program 1.800.215.0846 Or 1.858.401.3784 Internet
I get a call from Kevin at Credit Card Services yesterday, saying I am eligible for an interest rate reduction. (like I have received from a legitimate card company service a few months ago). Can I verify the card and myself, so I do, and then get transferred to an account rep. named Wanda.
I ask who Wanda works for (which card services company) and cannot get a straight answer. So, I ask how they got my name and how they make their money for negotiating on my behalf, since she is not associated with the credit card company. She tells me that I am guaranteed to save $2500 in interest (the fee) or I owe nothing. And they got my info. from the credit card company.
Wanda says her company gets paid via the bank which holds my card. I ask how might I owe money if I do not save $2500 in interest. I am told that is not a possibility because I have been prequalified. Otherwise I would be in a different department. In 5 to 7 days I will get a packet of information in the mail in order for the rest of my credit card interest rates to be negotiated and a detailed explanation of the program.
After all this talk I am told that I will need to talk to T.J. to verify my information again and record my authorization to participate in this program. Wanda tells me that T.J. must call me back as the phones are jammed with clients.
Within 2 minutes I get a call from T.J. on a cellular phone, who says he wants to record our conversation. I say yes and he begins by naming his company as Dynamic Financial and that I authorize $2500 to be charged on my credit card for this service. I told him that I am not authorizing any amount to be charged to this or any other account. I was under the impression that I was authorizing participation in an interest rate reduction program.
T.J. transfers me back to Wanda, who then begins to question him, on the same phone line, as to what he told me, that I would think that I am about to pay $2500. The two begin to play good cop, bad cop. Completely unprofessional behavior. They again state how much I could be saving if I authorize this program, which I refused.
Laura
Mantua, Ohio
U.S.A.
4 Updates & Rebuttals
Victim Of Dynamical Financial
Tempe,Arizona,
U.S.A.
Dynamic Financial is a FRAUD!
#5Consumer Comment
Fri, January 16, 2009
I got screwed with Dynamic Financial along with everyone else who has signed up with them. They offer $3,000 in savings or your money back. That is almost more of a joke than the company itself and the hell bound people that work there.
They say they can lower your interest rates, but they barely even try. The real way they "save" you money is by telling you to pay more than your minimum payment. Helloooo anyone with an IQ of 2 or higher knows that. I'm sure EVERYONE who calls them can barely afford their minimum payments if they can even afford that.
Dynamic Financial is here to make things worse for you! They only add to your C.C. debt resulting in higher payments and more interest charges! They only qualifying they do is they make sure you have enough room on your cards for the $500 charge!
As soon as I signed up, I knew they were a fraud. I tried to get my money back because I knew I would be paying off my cards all at once in about a YEAR and they wouldn't be able to save me $3,000. They wouldn't do it until I paid off my credit cards so I had to wait. Damon(won't give last name, but he is a big shot over there) told me that if I paid off my cards in a YEAR, they wouldn't be able to show me a savings of $3,000 or more according to my "plan" and they would HAVE to refund my money.
A little over SIX MONTHS later, I paid off my $19,000 in debt with one commission check. I called for my refund and they told me to submit my C.C. statements showing zero balances (assuming I wouldn't be able to I suppose). I faxed them my statements and received a call from someone trying to be "gangster" giving me bogus reasons on why I am NOT ELIGIBLE FOR A REFUND. What kind of company takes a gangster approach with their customers?! I couldn't believe the way he was talking to me. I could not believe what I was hearing. It just confirmed that they are a SCAM!
At first he told me they already saved me over $3,000! I'm 6 MONTHS into my 66 MONTH plan! I told them there is no way they saved me $500 a month. He stumbled and said he would call me back. I actually show $0 in savings, but according to their "plan" I know it couldn't even be near $1,000 in "savings". Damon called me back two minutes later and said that I have exceeded the time restriction. It's only been a few days over 6 months and they are telling me now that there is a time restriction of 6 months! When I reminded him that he told me I could get a refund a year from when I started if they didn't "save" me $3,000, he acted like he was completely oblivious to the 6 month time restriction until now. They would have made up excuses for anything that I had to say.
Nothing that I have recieved or signed says anything about a time restriction. I was told specifically by Damon that it is based on where you are at in your "plan" when you pay off all your debt and how much they have "saved" you to that point.
I am glad to see this is the first website that comes up when you search Dynamic Financial. It's too bad more people don't look into things before they commit to something. I know I didn't and I completely regret it. Just keep in mind there are NO refunds with Dynamic Financial. It's not just Damon, this company and all their employees are a FRAUD.
I am meeting with a lawyer to get to the bottom of why I am not approved for a refund. I want legal documentation that shows why I am not eligible for a refund before I let this rest. I am beyond frustrated. It states in the Mutual Service Agreement with no asterisks and no fine print that they will "Provide you with a minimum savings of $3,000.00 in interest and finance charges or your money back".
I understand the bull they mean by "savings" and they didn't even meet that qualification.
I'm sure all these companies stating that you can pay off your credit cards for less than what you owe are total SCAMS!
I hope this post helps keep money out of the devils pockets.
Victim Of Dynamical Financial
Tempe,Arizona,
U.S.A.
Dynamic Financial is a FRAUD!
#5Consumer Comment
Fri, January 16, 2009
I got screwed with Dynamic Financial along with everyone else who has signed up with them. They offer $3,000 in savings or your money back. That is almost more of a joke than the company itself and the hell bound people that work there.
They say they can lower your interest rates, but they barely even try. The real way they "save" you money is by telling you to pay more than your minimum payment. Helloooo anyone with an IQ of 2 or higher knows that. I'm sure EVERYONE who calls them can barely afford their minimum payments if they can even afford that.
Dynamic Financial is here to make things worse for you! They only add to your C.C. debt resulting in higher payments and more interest charges! They only qualifying they do is they make sure you have enough room on your cards for the $500 charge!
As soon as I signed up, I knew they were a fraud. I tried to get my money back because I knew I would be paying off my cards all at once in about a YEAR and they wouldn't be able to save me $3,000. They wouldn't do it until I paid off my credit cards so I had to wait. Damon(won't give last name, but he is a big shot over there) told me that if I paid off my cards in a YEAR, they wouldn't be able to show me a savings of $3,000 or more according to my "plan" and they would HAVE to refund my money.
A little over SIX MONTHS later, I paid off my $19,000 in debt with one commission check. I called for my refund and they told me to submit my C.C. statements showing zero balances (assuming I wouldn't be able to I suppose). I faxed them my statements and received a call from someone trying to be "gangster" giving me bogus reasons on why I am NOT ELIGIBLE FOR A REFUND. What kind of company takes a gangster approach with their customers?! I couldn't believe the way he was talking to me. I could not believe what I was hearing. It just confirmed that they are a SCAM!
At first he told me they already saved me over $3,000! I'm 6 MONTHS into my 66 MONTH plan! I told them there is no way they saved me $500 a month. He stumbled and said he would call me back. I actually show $0 in savings, but according to their "plan" I know it couldn't even be near $1,000 in "savings". Damon called me back two minutes later and said that I have exceeded the time restriction. It's only been a few days over 6 months and they are telling me now that there is a time restriction of 6 months! When I reminded him that he told me I could get a refund a year from when I started if they didn't "save" me $3,000, he acted like he was completely oblivious to the 6 month time restriction until now. They would have made up excuses for anything that I had to say.
Nothing that I have recieved or signed says anything about a time restriction. I was told specifically by Damon that it is based on where you are at in your "plan" when you pay off all your debt and how much they have "saved" you to that point.
I am glad to see this is the first website that comes up when you search Dynamic Financial. It's too bad more people don't look into things before they commit to something. I know I didn't and I completely regret it. Just keep in mind there are NO refunds with Dynamic Financial. It's not just Damon, this company and all their employees are a FRAUD.
I am meeting with a lawyer to get to the bottom of why I am not approved for a refund. I want legal documentation that shows why I am not eligible for a refund before I let this rest. I am beyond frustrated. It states in the Mutual Service Agreement with no asterisks and no fine print that they will "Provide you with a minimum savings of $3,000.00 in interest and finance charges or your money back".
I understand the bull they mean by "savings" and they didn't even meet that qualification.
I'm sure all these companies stating that you can pay off your credit cards for less than what you owe are total SCAMS!
I hope this post helps keep money out of the devils pockets.
Victim Of Dynamical Financial
Tempe,Arizona,
U.S.A.
Dynamic Financial is a FRAUD!
#5Consumer Comment
Fri, January 16, 2009
I got screwed with Dynamic Financial along with everyone else who has signed up with them. They offer $3,000 in savings or your money back. That is almost more of a joke than the company itself and the hell bound people that work there.
They say they can lower your interest rates, but they barely even try. The real way they "save" you money is by telling you to pay more than your minimum payment. Helloooo anyone with an IQ of 2 or higher knows that. I'm sure EVERYONE who calls them can barely afford their minimum payments if they can even afford that.
Dynamic Financial is here to make things worse for you! They only add to your C.C. debt resulting in higher payments and more interest charges! They only qualifying they do is they make sure you have enough room on your cards for the $500 charge!
As soon as I signed up, I knew they were a fraud. I tried to get my money back because I knew I would be paying off my cards all at once in about a YEAR and they wouldn't be able to save me $3,000. They wouldn't do it until I paid off my credit cards so I had to wait. Damon(won't give last name, but he is a big shot over there) told me that if I paid off my cards in a YEAR, they wouldn't be able to show me a savings of $3,000 or more according to my "plan" and they would HAVE to refund my money.
A little over SIX MONTHS later, I paid off my $19,000 in debt with one commission check. I called for my refund and they told me to submit my C.C. statements showing zero balances (assuming I wouldn't be able to I suppose). I faxed them my statements and received a call from someone trying to be "gangster" giving me bogus reasons on why I am NOT ELIGIBLE FOR A REFUND. What kind of company takes a gangster approach with their customers?! I couldn't believe the way he was talking to me. I could not believe what I was hearing. It just confirmed that they are a SCAM!
At first he told me they already saved me over $3,000! I'm 6 MONTHS into my 66 MONTH plan! I told them there is no way they saved me $500 a month. He stumbled and said he would call me back. I actually show $0 in savings, but according to their "plan" I know it couldn't even be near $1,000 in "savings". Damon called me back two minutes later and said that I have exceeded the time restriction. It's only been a few days over 6 months and they are telling me now that there is a time restriction of 6 months! When I reminded him that he told me I could get a refund a year from when I started if they didn't "save" me $3,000, he acted like he was completely oblivious to the 6 month time restriction until now. They would have made up excuses for anything that I had to say.
Nothing that I have recieved or signed says anything about a time restriction. I was told specifically by Damon that it is based on where you are at in your "plan" when you pay off all your debt and how much they have "saved" you to that point.
I am glad to see this is the first website that comes up when you search Dynamic Financial. It's too bad more people don't look into things before they commit to something. I know I didn't and I completely regret it. Just keep in mind there are NO refunds with Dynamic Financial. It's not just Damon, this company and all their employees are a FRAUD.
I am meeting with a lawyer to get to the bottom of why I am not approved for a refund. I want legal documentation that shows why I am not eligible for a refund before I let this rest. I am beyond frustrated. It states in the Mutual Service Agreement with no asterisks and no fine print that they will "Provide you with a minimum savings of $3,000.00 in interest and finance charges or your money back".
I understand the bull they mean by "savings" and they didn't even meet that qualification.
I'm sure all these companies stating that you can pay off your credit cards for less than what you owe are total SCAMS!
I hope this post helps keep money out of the devils pockets.
Vickie
Clinton,Ohio,
U.S.A.
Dynamic Financial
#5Consumer Comment
Fri, May 30, 2008
I can't believe it but I fell for it. The instant I hung up the phone I realized what a complete idiot I had been. I thought I was a smart, savy woman but apparently not. The real confirmation of my stupidity was when I called a tried to cancel and have my money returned. Tried is the operative word here. Never going to happen.They only got me for $695 but how ironic. They peddle themselves as someone who wants to help with debt and they just HELP create it.
I am just kicking myself.
The person in the other report tells the story exactly as it happened. That only lend to my feeling of stupidity.