Debt Restructuring Co. Bad Accounting-Can I sue?
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Posted by Bill Martin on December 03, 2000 at 11:40:07:
First of all, let me state that I understand that any replies to this post do NOT constitute legal advice.
I guess what I'm looking for is someone w/ a similiar experience or knows a lawyer I can contact.
Anyway, 2 years ago I signed up w/ a debt restructuring comapany. Metropolitan Financial.
I did this mainly to put a third party between me and the companies which were applying Late Fees and such for no reason.
For a year and a half, all was well. If a Late Fee or Finance charge appeared on my statements they took care of it immediately.
Then they were purchased/or merged or something- with Auriton and...Three Rivers?
The first thing that happened was that my estimated balance jumped by 2000+ dollars.
Secondly, they stopped contesting late fees and Finance charges that weren't supposed to be there.
All this is happening when I have the money to pay ALL the CC debt off.
I asked for a final number and they gave me one that's about 3k off-In our opinion-we have their statements but it'll take a CPA to go through them...or many, many hours for my wife and I to.
Since then, one of the counselors (a regional supervisor) convinced me to "settle" w/ these companies 'cause he could get me 20% off.
I don't know if I want to do this anymore-I just want to pay what I owe! I decided to go along w/ this when I was a little wacky (death in the family).
Any ideas? Any have something similiar to share?
Thanks in advance.
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