Cindy
MESA,#2Consumer Comment
Sun, March 13, 2005
We also decided to enroll in Federated Finacial Services credit card debt consolidation program as we were being drowned by bills. Several months into FFS program we obtained several letters from our creditors stating (NON PAYMENT).
We contacted Federated Financial and informed them of our concerns and they simply stated for us to ignore them as we were on their program. Their staff neglected to inform us that our first payment of $331.99 was not going to reduce our debt, but was an actual FEE FOR SERVICES RENDERED even though Federated Financial Services advertised as a NON-PROFIT.
Furthermore, since FFS was charging fees, about a 1/4 of our banking institutions i.e. credit card companies did not accept/rejected their program having our credit cards also go straight to COLLECTION WITHOUT OUR KNOLLEGE as we blindly made payments.
We got on the internet and began to research Federated Financial Services. We have never seen a Director of a company behave in such an unprofessional manner, nor display such unprofessionalism. It is a clear reflection into the day to day operations of Federated Financial Services.
The first thing that we are going to do is file a complaint with the ATTORNEY GENERAL AND THE DISTRICT ATTRONEY'S CONSUMER PROTECTION DIVISION AT THE WEBSITE BELOW:
http://www.eatoncounty.org/prosecutor/proslist.htm
Then we are going to send a copy to the Better Business Bureau
http://www.bbb.org/
David
BULLHEAD CITY,#3Consumer Comment
Thu, March 10, 2005
After seeing thier desperate attempts to throw a smoke screen up on the internet about Ed Magedson smoking a joint over 30 years ago it is very clear this is a company to avoid at all costs. Clearly once again the consumers have identified a corrupt and unwanted company. As more and more reports come in it becomes exceeedly more apparent that Federated Financial Services negative and childish stabs at Ed Magedson and the Rip Off Report is just a smokscreen trying to take away from the real issue that Federated Financial Services is just a company out there victimizing consumers.