- Report: #402804
Report - Rebuttal - Arbitrate
Complaint Review: Pressler & Pressler - New Century Financial Services
Pressler & Pressler - New Century Financial Services7 Entin Road Parsippany, New Jersey U.S.A.
Pressler & Pressler - New Century Financial Services Help - Settlement Offer Advice Needed - Could it be real? Parsippany New Jersey
*Consumer Comment: DO NOT ACCEPT IT - IT WILL COME BACK AGAIN
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Anyway - I know better then to call any company like this - as you will only wind up getting yelled at and threatened. I only correponded with them via mail and always with return receipt so they couldn't say they didn't get it. From the very begining I knew they were sleezy scammers - as they like other have said - could not and would not provide ANY detailed info about the debt - just the original name of the company and the amount. I asked repeatedly and was told point blank that they were not required by law to provide that information which is a blatant lie. I read much of what I could find out about both companies online and was shaken... I spoke to a family friend that is an attorney and to another that helps people clean up their credit - neither had anything good to say about Pressler and told me to continue my letter writing only - and to make settlement offers.
I did this for a few months - explaining how and why I was in the situation I was - and where I saw things going in the future... I made them 2 offers based on the advice of our friends that were fair and reasonable based on what they likely paid for the debt - but every effort was flatly refused - with a letter finally coming stating basically they would only accept full payent and nothing less. So I stopped writing.... That was in June.
On December 13 I got a letter from Pressler with an offer to settle for 70% of what they were seeking. I still belive this is more then I owe but to avoid some of the horror I have heard many here tell of I decided to pay it. The letter they sent clearly says that if I pay the amount requested it will be "...accepted as payment in full..." and that "Payment of the settlement amount will satisfy this debt." Has anyone out there accepted such a settlement and if so - has this in fact been the end of your dealings with these bottom feeders? I am so frightened that this will open the door to some other action by them and that they will never be out of my life. I did not write them a personal check for the amount owed - I got a certified check from the bank which has no reference to my personal bank account numbers.... because I didn't want them to have any access to my account info. I have written a letter to send back with the payment requesting a letter of confirmation stating that the matter is concluded.... but I have great doubt that I will get it.
Before I mail this off - can anyone offer any advice - will this be the end of the ordeal? I really just want it to go away..... I want to move on with my life.... I am doing very well rebuilding my credit and want desperately to avoid winding up in court or with a judgement against me.... but if paying this amount may lead me there anyway - then please somebody - tell me now.... I don't want to make a mistake!
Hackettstown, New Jersey
This report was posted on Ripoff Report on 12/18/2008 01:57 PM and is a permanent record located here: http://www.ripoffreport.com/r/Pressler-Pressler-New-Century-Financial-Services/Parsippany-New-Jersey-07054/Pressler-Pressler-New-Century-Financial-Services-Help-Settlement-Offer-Advice-Needed-402804. 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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