This is the letter that I sending Freedom Financial and I feel it says it all:
(((ROR removed because of security purposes)))
To: Freedom Financial
PO Box 2783
PP, FL 33780
Re: New Credit Card Membership
To whom it may concern,
After receiving my new membership package with your company and giving it careful review, Ive decided that I am no longer interested.
Based on the following reasons I would like to cancel my membership which started 08/03/2007 when you drafted my second $150.00 payment from my checking account, a total of $300.00 that was required by your company to start a membership. Accept this as a formal notice to no longer draft money from my account for any reason. Carbon copy of this letter will be submitted to Bank of America for their records.
When I spoke to your representative for the first time, I was told that I would be receiving a VISA credit card with a $3000.00 limit and that I would be eligible for a $1000.00 cash advance as soon as my account had become active with you, but there was one requirement from me and that was to give you $300.00.
Well I held up my end of the deal, and you got the $300.00. I called your company, because strangely I still had not received anything from your company as of 08/16/2007. Thats 13 days after you electronically withdrew a second payment of $150.00 from my checking account.
I called Freedom Financial and was informed that Id receive my new member package 08/17/2007, the very next day. When I asked about what I needed to do to get the $1000.00 cash advance the story changed. I was never eligible to get a $1000.00 advance. As a matter of fact, according to this packet I received Ill have to give you more money before youll sell me an item or give me a cash advance.
Now lets think about this. Ive already given you $300.00 and have bought nothing. Ive given your company $300.00 and now have a $50.00 a month bill for nothing and the only reason that I did this was for the cash advance and Ive been informed that I am not able to get one. This is not what I was told by your representative. I looked through your catalog and could not find one thing that I needed that I would be willing to pay the price that your company is asking, MUCH LESS SEND YOU ANOTHER DEPOSIT FOR PRODUCTS YOUR SELLING AFTER I PAID YOU $300.00 FOR NOTHING.
This is the deal. You did not send me my CONSUMER RIGHTS AND RESPONSIBILITIES, NOR DO I HAVE A STATEMENT THAT SHOWS WHEN MY FIRST PAYMENT IS DUE. NOTHING THAT TELLS ME ABOUT POSSIBLE LATE FEES OR PENALTIES.
As of this moment, in writing, I am cancelling my membership with you and requesting that you return my $300.00 that you withdrew from my checking account back to my bank account or by certified check mailed to my home address on your file.
I am forwarding a copy of this to my bank, Maryland Consumer Protection Agency and Florida Consumer Protection Agency. I would also like to make you aware that there are several attorney web sites posted and that they are looking for people like me who have also been scammed because they are going to file a class action suit against your company. I dont want to be involved any longer in this situation but have no problem helping them if you do not cooperate and remedy this situation. What youve done is wrong. Just completely UNETHICAL!
Thank you for understanding and cooperating in this matter-
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