Orlosgirl
Over The Rainbow,#2Consumer Suggestion
Wed, September 10, 2008
Did you keep up with your payments while on interest freeze? Did you make them on time? Did you pay the agreed amount? Some companies that offer interest freeze have a policy that if you are late on a payment or pay less than the agreed amount, all the interest you froze is applied right back on. You most likely got a letter clearly outlining the terms and conditions of the interest freeze payment plan. The collector most likely clearly stated the terms and conditions to you at the time the payment plan was set up. They have to avoid being accused of giving false and misleading information. Think really hard about that. If you didn't follow the terms and conditions of the payment plan, is FRMC really at fault? Also, if First Resolution Investment Corp purchased the debt, then it will NOT be resolved with the original creditor. You will have to deal with FRMC.