Re: Debt Management Services
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Posted by poor lawyer
(24.88.34.92) on August 15, 2002 at 23:42:29:
In Reply to: Debt Management Services posted by okon on August 15, 2002 at 22:33:21:
Back in 96 when I first got into credit card trouble, I used one of these services. I owed about $5000 on four different cards at the time. I sent a $258 (yes, I still remember) payment to this company every month right on time. I thought everything was going fine. After a year, I did some checking, and I then owed $7000!!!!!! What had happened was the company would hold onto my money for a month before distributing it to the credit cards. But the credit cards kept taking on late and over limit fees. So all in all, I spent approximately $3096 ($258 x 12 months) to INCREASE my debt by $2000. I can't tell you how pissed off I was. And I can't warn you enough that you should be extra careful when dealing with these organizations. poor lawyer, esq.
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