- Report: #161310
Complaint Review: J.A. Cambece Law Office P.C. - Peabody Massachusetts
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Author Confirmed
Why?
J.A. Cambece Law Office P.C.
Eight Bourbon St. Peabody, 01960 Massachusetts, U.S.A.
Phone:
888-535-6161
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
J.A. Cambece Law Office, P.C. Principal payment eaten up and then some by JACKED-UP Interest Rates. Ripoff Peabody Massachusetts
I owed a debt to MNBA which was bought by CACV of Colorado, LLC. CACV of Colorado, LLC hired J.A. Cambece Law Office, P.C. to collect the debt.
I agreed to have a hardship amount debited from my checking account, with the understanding that this would initiate the repayment of my outstanding debt.
However, upon reviewing the confirmation letters from J.A. Cambece Law Office, I began to realize that the principal amount owed was decreasing while the interest on the debt was far outweighing the principal payments that I made.
I called the J.A. Cambece Law Office to inquire and get clarification of why this was happening. They informed me that they had no control of the interest that was accruing on the account. They assured me that the principal amount owed was decreasing, but could do nothing to offset the interest.
How do they expect me to pay off this debt when the interest rate is so extreme that it is much greater than the principal payments that I am paying each month.
Here it is 7 months after I started this repayment plan and it shows that I owe more now than the original debt amount. I am getting nowhere fast like this. As a matter of fact, I am further in the hole now and nearly $1,000 poorer.
As a result of this, I have had to request that my bank put a stop payment on any further attempts by the J.A. Cambece Law Office to debit my account.
If this is not a case of ripping off a decent individual who is trying to make an honest effort to clear an outstanding debt, then I would like to have the true meaning of rip off explained to me.
I, like many other individuals, have gotten in over my head. I am more than willing to work with someone who is reasonable and fair to resolve this debt situation. Just please give me a solution so that I may see an end in sight.
Frank
Bastrop, Texas
U.S.A.
I agreed to have a hardship amount debited from my checking account, with the understanding that this would initiate the repayment of my outstanding debt.
However, upon reviewing the confirmation letters from J.A. Cambece Law Office, I began to realize that the principal amount owed was decreasing while the interest on the debt was far outweighing the principal payments that I made.
I called the J.A. Cambece Law Office to inquire and get clarification of why this was happening. They informed me that they had no control of the interest that was accruing on the account. They assured me that the principal amount owed was decreasing, but could do nothing to offset the interest.
How do they expect me to pay off this debt when the interest rate is so extreme that it is much greater than the principal payments that I am paying each month.
Here it is 7 months after I started this repayment plan and it shows that I owe more now than the original debt amount. I am getting nowhere fast like this. As a matter of fact, I am further in the hole now and nearly $1,000 poorer.
As a result of this, I have had to request that my bank put a stop payment on any further attempts by the J.A. Cambece Law Office to debit my account.
If this is not a case of ripping off a decent individual who is trying to make an honest effort to clear an outstanding debt, then I would like to have the true meaning of rip off explained to me.
I, like many other individuals, have gotten in over my head. I am more than willing to work with someone who is reasonable and fair to resolve this debt situation. Just please give me a solution so that I may see an end in sight.
Frank
Bastrop, Texas
U.S.A.
3 Updates & Rebuttals
Pay Your Bill
Methuen,Massachusetts,
U.S.A.
interest
#2UPDATE Employee
Sat, January 12, 2008
HMMMM when you go the account did you read the contract. most dont but i am guessing u did right. when makin a ppa agreement did you think about that interest or was that seed planted after. yes u want to pay your bill off very honorable. but you need to think about what is priinciple and what is interest when u deside to finally pay off the debt. you are better off saving the money or working it out to save the money. to pay the BIF {balance in full } it gives you the better credit score. and remeber the collections has nothing to do with the interest its the contract u agreed to when you got the account. pay your bill
Nick
Hollywood,California,
U.S.A.
Aaron knows how to copy and paste!
#3Consumer Suggestion
Tue, August 29, 2006
You know how I know this? He has reviewed almost every complaint here, and the message is the same. Too bad they don't review them before they start threatening people. Hi, my name is Aaron. Let me cut you a deal today that you simply can't refuse - my final offer! Only a fool would pay you guys.
Aaron
Peabody,Massachusetts,
U.S.A.
Cambece Law Office
#4UPDATE Employee
Thu, November 03, 2005
Thank you for bringing this matter to our attention. We have reviewed this complaint and have become aware of the facts involved. We would like the opportunity to work with you to resolve this issue. Please contact us at [email protected] so that we may resolve this matter in a way that is satisfactory to both parties.
