• Report: #906023

Complaint Review: Alliance One Receivables Management Inc.

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  • Submitted: Tue, July 03, 2012
  • Updated: Tue, July 03, 2012

  • Reported By: Slave2ThaGrave — rocklin California United States of America
Alliance One Receivables Management Inc.
4850 Street Rd. Suite 300 Trevose, Pennsylvania United States of America

Alliance One Receivables Management Inc. Alliance One Deceptive Debt Settlement Tactics Trevose, Pennsylvania

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about 2 weeks ago i entered into what i thought was debt settlement agreement with Citibank on a $12,000.00 debt that was originally $7,000.00 before they began adding interest charges and assessing overdraw penalties. after receiving an offer of a settlement from another company in april (plot spoiler alert: tax time) i received new communication from this company. i agreed over the phone to settle the debt for the same $4,000.00 amount the previous company had offered. this was a big mistake. i let them take the first $1,333.00 payment out of my bank account and now they have sent me another letter that completely ignores the settlement agreement and creates the perception that i am only paying them on the total amount of my debt.

i spoke to a customer service representative who assured me this settlement, which he referred to as a "debt settlement opportunity" was valid, and in spite of the fact that they have sent me nothing to reassure me that i am dealing in faith with a company who is doing the same with me, i could "take his word for it". [continued below]....
.....

after researching this companies history on the internet i believe i have made a grave mistake in not getting the agreement in writing first, also i should have tried harder to deal directly with CitiBank and have them send me a written debt settlement agreement first.

i will update this if i am able in the future, but the stress i have placed upon my life over this debt may render me unable to do that. it is obviously further exacerbated by my aforementioned current dilemma.

This report was posted on Ripoff Report on 07/03/2012 12:22 AM and is a permanent record located here: http://www.ripoffreport.com/r/Alliance-One-Receivables-Management-Inc/Trevose-Pennsylvania-19053/Alliance-One-Receivables-Management-Inc-Alliance-One-Deceptive-Debt-Settlement-Tactics-Tr-906023. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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