Justice Once And For All
Port Richey,#2Consumer Suggestion
Mon, December 31, 2007
> Sylvia in Louisiana, yes you did not follow the program, but was everthing disclosed to you? I doubt it. Disclosure and violations of the agreement by way of your not understanding it is what the settlement/consolidation companies count on therefore no call backs to explain it to you, eventually you'll be scared into talking with the credit card co., or the collection agency. Viking purchased the account, and you were to not communicate with them it was the settlement companies duty to do so, but by not contacting you and educating you I feel they violated their trust, typcily, unless run tightly by attorneys. Debt settle/consolidation companies are the pirates of the credit industry. I would continue to pursue legal redress with Louisiana officials, these companies have had some discussions with Louisiana officials I assure you. See discussions under American Debt Arbitration. > Bethann- Arbitration? The right to arbitration ? On the back of your credit card? Not on the back of any of mine. I did however get an explanation of arbitration I was entitled to when I originally obtained these cards. The Arbitration companies are stated on the agreement, that will do the arbitration, no choices. It also says the arbitration will be held at the arbitration administrator's chosen location within the federal judicial district you reside at the time of the claim is filed, sounds like a federal court doesn't it Bethann, unless agreed otherwise by the parties involved. The arbitration is held by a retired Federal judge, or attorney with ten years experience, utilizing the rules of the Federal Arbitration Act. It seems your industry takes advantage of the dictionary definition of arbitration, and not the legal definition of arbitration. If you are pitching this "right to arbitration" to potential clients you sure are, at the least in a gray area of the law. Posting it here indicates outright misrepresentation, if you know the law, but if you are an employee of one of these companies, who teach the employees to use the arbitration pitch to entice customers into these questionable programs, it may be excusable. Many of the employees are trained thusly, and really believe that arbitration means the right to settlement with any third party. Not so Bethann, you are treading in dangerous waters telling people that -- to get a commission, or sale, from a person already having financial, medical, or employment problems, the usual reasons for credit card delinquency. There is a right and a wrong, we all deceide which we will utilize for our daily, hourly, by the minute actions. Happy New year all !
Bethann
St. Paul,#3UPDATE Employee
Fri, July 07, 2006
Dear Sylvia, In regards to your comments about Universal Nationwide, you obviously did not listen to professional guidance. I will respond to your comments in order. First, you claimed that you were contributing $250/mo for 12 months which equals $3000. But you do not state what you were initially paying the credit card companies per month or how much of that was going to interest,or how long you would be on the program, or what they told you would could probably settle for. Additionally, you did not state how much you owed in total debt. You said that you thought the $299 fee was a one time deal,(you got yourself into the debt did you think you were going to get out for free??)Universal would have gotten you out for less than you owed if YOU WOULD HAVE LISTENED! (Including all fees!!!!} I am sure you were told NOT TO TALK TO YOUR CREDITORS! That is why you hire professionals to handle the situation. Yes, they pool the fees to negotiate for a lesser amount. (Didn't they lower the $ amount you contributed to get YOUR DEBT PAID OFF & in several years?) If you could take care of it yourself, you would not have been looking for help. Yes, the creditors will add interest & penalties & try to scare you into paying (and they did) You did not follow direction, again, by TALKING with your creditors & communicating with the people on your side who handle these situations on a professional level. From the day you are enrolled in the program, continued interest & penalties are negate.It is all part of the process to help YOU get out of debt. You chose to deal with Viking & PAY. You stated Universal Nationwide settled your $1200 debt for $400. They did what they promised. So what is the problem? YOUR CHOICES COST YOU THE EXTRA MONEY!! I help fantastic, everyday people get their life back, whatever the circumstance may be. READ the back of your credit card statements. YOU HAVE THE RIGHT TO ARBITRATE YOUR DEBTS Let the professionals handle it! Get out of debt as fast as you can with the best help available.