- Report: #946444
Report - Rebuttal - Arbitrate
Complaint Review: National Fraud Center
National Fraud Center2942 N 24th St Suite 114 Phoenix AZ 85016 Internet United States of America
National Fraud Center Client Services Management Violates the FTC rules and regulations for charging upfront fees to "Recover" investments Internet
*Consumer Comment: These People Are The GOOD GUYS !!!
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They also charge an upfront fee for their services to "recover" investments from online or wok at home programs that do not work. According to the FTC rules and Regulations passed on October 27, 2010, it states that any private organization the offers debt reduction services, i.e. settlement, negotiation, interest rate reduction, or a recovery of any funds, cannot accept any money upfront without acting out the said services first. FTC File No. R411001
If you signed documents authorizing the online work at home programs to charge your account, the likelihood of any organization recovering the funds are very slim. In fact, when the bank is furnished those documents by the companies you invested with, you will be left with the bill. I fought many times with the credit card companies with no recourse.
Avoid paying anything upfront, and also those who say they can recover your investments for a percentage of what they recover on your behalf. They are only temporary credits issued by the banks that within 60-90 days are reapplied to your balance once those signed documents are furnished.
Hope this helps inform those who are receiving solicitations from those who I believe are the same individuals that put me into debt, and now trying to get me out of debt. If you have any additional information that can help future victims, post your experiences.
- E. Crawford
This report was posted on Ripoff Report on 09/25/2012 01:13 PM and is a permanent record located here: http://www.ripoffreport.com/r/National-Fraud-Center/internet/National-Fraud-Center-Client-Services-Management-Violates-the-FTC-rules-and-regulations-fo-946444. 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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