- Report: #437450
Complaint Review: The Debt Advocacy Center - Delray Beach Florida
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Author Confirmed
Why?
The Debt Advocacy Center
14000 Military Trail # 200 Delray Beach, 33454 Florida, U.S.A.
Phone:
866-6194797
Web:
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Tell us has your experience with this business or person been good?
The Debt Advocacy Center Loan Modification Rip Off Delray Beach Florida
I worked for this company a couple months ago. This company does loan modifications. They have 2 very expensive fees. The first fee is for them underwriting you loan documents. THEY DO NOT DO THE UNDERWRITING. when you sign with this company, you are paying for something you are not getting. That's why i quit working for them. Then they charge you again for the negotiations. the modifications they get are not too bad but they could be better. The only problem is theycharge you 2 times and you only get one of the services. Please be aware!!! You are paying for an underwriting package that you do NOT get what so ever. They are WAY over priced. they are very greedy will try to get as much money out of you as they can. In a sence, They are ripping people off that cannot afford it!!!
Wpp13
delray beach, Florida
U.S.A.
Wpp13
delray beach, Florida
U.S.A.
1 Updates & Rebuttals
Consumer Helper
Cleveland,Ohio,
U.S.A.
Ex-employee
#2UPDATE EX-employee responds
Wed, April 29, 2009
I agree that the fees were too high. The DAC would charge as much as the customer would be willing to pay. I saw some charged 6000 for the same service that others paid 2800 for, and it was like pulling teeth to give money back even if The DAC knew they couldn't help. I heard that 3 of the first employees quit within 4 months of the Company opening, one of which was an Owner/Partner with claims of wrong doing/illegal practices. I also know that one of their lead sources in Florida (Real Estate Agent) He sold people houses in the past and when they couldn't make the payments he was referring them to the DAC and getting a referral fee for doing so. Some of these folks were Latin and couldn't speak English so this individual even interpretted the process between the DAC and customer. Can you say conflict of interest?
