Lisa
Pittsburgh,#2UPDATE EX-employee responds
Fri, October 03, 2003
I AM A FORMER EMPLOYEE OF CARDHOLDER MANAGEMENTS SERVICES AKA... MERRICK BANK, CARD SERVICE CENTER ,CARD PROCESSING CENTER & CARD WORKS. SETTLEMENTS ARE NOT THE WAY TO GO THE OTHER 50% THEY SO CALLED WIPED OFF YOUR BALANCE IS CHARGED OFF AND REPORTED TO THE I.R.S AS INCOME. THEY FAIL TO TELL YOU THAT WHEN OFFERING YOU THAT SETTLEMENT, THEY DO NOT EVEN ADVISE THERE EMPLOYEE'S TO TELL CUSTOMERS THAT. THEY SAY THAT THEY MAIL EVERY CUSTOMER LETTERS THAT CONFIRM AND ADVISE OF SETTLEMENT AGREEMENT. I PERSONALLY NEVER SEEN THE ACTUAL SETTLEMENT LETTER THAT IS SENT YOU HAVE TO EMAIL YOUR SUPERVISOR CUSTOMERS SETTLEMENT REQUEST AND THEY ARE SUPPOSE TO SEND OUT A LETTER. IF THE LETTER DO NOT STATE ALL THE TERMS OF THE AGREEMENT OTHER AMOUNT CHARGED OFF OR ACCOUNT IS REPORTED AS SETTLE AS OPPOSED TO PAID OFF, & THE FORGIVEN AMOUNT " THE AMOUNT WIPED OFF BALANCE " IS REPORTED TO THE I.R.S AS INCOME THEN I WOULD ADVISE YOU TO CONTACT YOUR ATTORNEY BECAUSE THAT IS MISLEADING. MY ADVISE TO YOU IS TO ALWAYS GET ARRANGEMENTS AGREEMENTS IN WRITING, NEVER SIGN ANYTHING WITHOUT FULLY READING ALL DISCLOSURES, NEVER ASSUME WITH BUSINESSES ALWAYS ASK QUESTIONS READ ALL THE FINE PRINT BEFORE RESPONDING. THIS IS A MULTI BILLTON DOLLAR COMPANY THAT TAKES ADVANTAGE OF INNOCENT PEOPLE WILL IN NEED. THEY SEND PEOPLE CREDIT CARD WHO JUST FILLED BANKRUPT, WHO JUST GOT REJECTED FROM ANOTHER CREDIT COMPANY, STUDENTS, & PEOPLE WHO JUST HAD A BABY. THEY SEND THESE PEOPLE CREDIT CARDS USUALY AROUND THIS TIME OF YEAR WHEN PEOPLE ARE IN NEED AND PEOPLE FAIL TO READ OR DO NOT UNDERSTAND WHAT THEY ARE GETTING INTO. THE BEST THINGS TO DO ARE TO GO THROUGH A NON PROFIT CREDIT CONSEILOR CCCS, AMERIDEBT, DEBT FREE, ETC YES THAT SHOWS UP ON YOU REPORT WHILE YOU ARE WITH THEM BUT WHEN YOU PAY OFF YOUR CREDITOR IT IS OFF YOUR REPORT, OR TRANSFER YOUR BALANCE TO A LOWER INTEREST CREDIT CARD OR GET A LOAN WITH LOWER RATES.