At first, our family was the typical American family that anyone would expect. Then my husband had and accident that forced him to take off without pay. My job was the only source of income for our family.
The bills started o pile up, quickly, and the only way to pay them was with credit cards. Time flew by and before we knew it, we were over 40,000 in debt.
We slowly got back on our feet and my job ended abrubtly. As of now we are still drowning in debt. We could not refinance our home 7.25 because we owed more than it was worth. We also have a second mortgage, at 7.25 intrest rate,and a balance of 24,000. I have paid my lender 12,000 in intrest each year for the past three. Then I saw a commercial about debt relief,and that is how I found out about American Platinum Financial Services.
After I found out about APFS, I quicky contacted them. My main concern was about the consolidation of my credit cards. With the balance being at least 42,000 I knew I needed to do something soon.
I paid APFS a total of approximately 4,500 initially to begin the process of the consolidation of my credit cards. They then informed me of their Modifaction of Home Loans program, insisting that they would handle all of the legal and legitimate paperwork.
I then provided the company with all of my personal information including pay stubs, tax returns,bank account information, and much more.They also told me to Not contact my lender nor my creditors. They promised to me that everything was completely covered and handled by them.
The most trobling thing, in the beginning, was that my creditors contacted me non-stop. They warned, suggested, and gave me ample reasons as to why I should listen to them and not to APFS. I had paid APFS for the Modification service, so I was told to tell my creditors that it was being handled by them.
Then my mortgage company began to contact me, saying I was behind on my loan. To my understanding, the payment which I had made 4500 and the 749.00 monthly draft was enough money to make the additional payments to my Mortgage company.
Soon after, my credit card company,who I had not been in contact with, had the sheriff serve me with summons to court, with my son answering the door. Initially, I had no idea as to what I was being served, but I quickly learned that Citibank was suing me. I was mortified and worried, so I contacted an attorney.
His advice to me was to file bankruptcy. I declined. He asked me if there was any way that I could pay them off and be done with it. I made settlements with credit cards. The settlement difference has earned income which I will have to pay tax on. I extracted funds from my retirement account which I will have to pay taxes on too. That was money for my son's education.
I got my creditors under control,and I soon found out my house had been foreclosed. My family and I had been told that we had 10 days to get out, and our house was sold to the lender. They did sell me my house back for 8,000.00 dollars later. I did get an in house modification from them started. They then sold my loan to another lender and my modification was denied. 45,000.00 later I am still in the same mess and my home matter is still not setteled. All this began April 2010 with just a phone call.
My credit 7.3 has been tarnished, my house was sold, and my family became upset. All I wanted was to consolidate my credit cards, and I was convinced by American Platinum Financial Services out of Scottsdale, AZ. to modify my home loan.