Laurie
Haslet,#2Consumer Comment
Wed, March 04, 2009
YOU LEFT OUT A LOT OF INFORMATION, LIKE HOW OLD THE DEBT WAS ETC Just because they offered you a settlement - does not mean that this is over. It just means they will come back in a few months and the settlement will be completely forgotten and they will demand more money from you. It was strictly verbal -- SHOULD HAVE BEEN IN WRITING - That's how these bottomfeeders work - they probably only paid pennies for your debt when they purchased it and will try to get as much money out of you as they can before they call it closed. www.budhibbs.com for information on the CORRECT WAY TO DEAL WITH DEBT COLLECTORS - The one item that JimHenry was correct about - it does not clear the default from your credit report. Only time will do that.
Jimhenry
Buffalo,#3UPDATE EX-employee responds
Wed, March 04, 2009
I am a former company of Pentagroup Financial, LLC... That song "oooohhh take the money and run"... You should have been singing that in your head... I mean let's be honest.. They're giving you a settlement (they don't have to do that) and you're complaining about a $10 fee... To clear up the confusion. It's a $5 fee per every $150 and it's a charge from "www.paymybill.com" It's a credit card fee. I'm not sure if you came to your senses or not.. but let me also explain to you that a settlement will not clear your credit report.. It will take you out of collections.. You won't owe anymore money to sprint/nextel....but it doesn't help your credit report and it shows as a "Paid Settlement" on your credit report for the next 7 years... Any potential lending institutions will see that you only paid a portion of your sprint bill (or any bill) and may be hesitant on giving you a loan... but hey.. if you don't care about your credit report in this economy... pay the sif...that is... if they offer it to you again... those things only come once and a while and i'm afraid your stinginess may have ruined your chances.. moral of the story.. they were saving you money.. and you complained about a fee.. COUNT YOUR BLESSINGS!