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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: 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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