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Consumer Debt Solutions


Slpypup
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A guy that works for me is considering using Consumer Debt Solutions to eliminate his debt. I have searched and searched for something about this company but haven't found anything. The BBB isn't showing anything bad... has anyone used them before? If so is this a scam or are they on the up and up?

Thanks

Sleepy Pup :cool:

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scam scam scam scam scam scam scam scam scam scam scam scam

scam scam scam scam scam scam scam scam scam scam scam scam

scam scam scam scam scam scam scam scam scam scam scam scam

scam scam scam scam scam scam scam scam scam scam scam scam

scam scam scam scam scam scam scam scam scam scam scam scam

Is that clear? :) These guys are all alike DO NOT DO THIS.

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<blockquote>Originally posted by admin

scam scam scam scam scam scam scam scam scam scam scam scam

scam scam scam scam scam scam scam scam scam scam scam scam

scam scam scam scam scam scam scam scam scam scam scam scam

scam scam scam scam scam scam scam scam scam scam scam scam

scam scam scam scam scam scam scam scam scam scam scam scam

Is that clear? :) These guys are all alike DO NOT DO THIS.

</blockquote>

Oh I heard it, it's clear :cheesy:

[Edit by Swede on Tuesday, December 10, 2002 @ 12:46 PM]

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<blockquote>Originally posted by Swede

<blockquote>Originally posted by admin

scam scam scam scam scam scam scam scam scam scam scam scam

scam scam scam scam scam scam scam scam scam scam scam scam

scam scam scam scam scam scam scam scam scam scam scam scam

scam scam scam scam scam scam scam scam scam scam scam scam

scam scam scam scam scam scam scam scam scam scam scam scam

Is that clear? :) These guys are all alike DO NOT DO THIS.

</blockquote>

Oh I heard it, it's clear :cheesy:

[Edit by Swede on Tuesday, December 10, 2002 @ 12:46 PM]

</blockquote>

Hey I think THEY heard it too

:D :D

[Edit by vonniegirl on Tuesday, December 10, 2002 @ 02:30 PM]

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Hmmm let me guess... you guys all think that this is a scam??!! LOL Ok so how does the scam work, they aren't asking for a whole lot of money up front just the first payment of like $600. Is it that they just take your money and then never make the payments?? They're telling him that they can get him a much lower interest rate and have all of his cards paid off in 3 years. It sounds too good to be true to me but I need something to back this up.

Thanks for the replys

Sleepypup :upsidown:

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This is my take on consolidation companies....

Joe owes $1000 for credit card and he falls behind

on his payments. After 75 days of non-payments,

the card is now cancelled and he is behind by $150 or so..

Starts getting calls from collectors (like me :D ).. Can't afford or doesn't want to

listen to collectors.. I keep telling Joe, we've

got payment plans that will stop interest or at

least lower interest...doesn't want to believe me... still on denial...

well, one day he hears a sweet ad

on TV about debt consolidation etc...and thinks

wow they are non-profit and must be good...

Fast forward 4 months.. collection calls have

reduced dramatically.. thinks everything is fine..

that $1000 balance is $1700 now and is reported

170 days delinquient. Consolidation companies

haven't made (or made sporadic) any payments in

months..

A year later, all accounts are charged off.. Joe

doesn't know the irrepairable damaged that has

been done. Finally decides to do settlement for

about $1000. If he can't do settlement, he will

be paying that $40 or so forever. Collection

company that bought his debt is now so happy to

have a willing customer. Consolidation company is

happy getting that $20/month "donation."

If only Joe had listened to me!!!! heehehe :D

(P.S. Above mentioned situation is true only if

the account was in pre charge-off status. If it

was already charged-off, then balance should not

grow)

[Edit by ├čillcollector on Wednesday, December 11, 2002 @ 10:14 PM]

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