Ripoff Report Needs Your Help!
X  |  CLOSE
Report: #360602

Complaint Review: Merchants' Credit Guide Co. - Chicago Illinois

  • Submitted:
  • Updated:
  • Reported By: Las Vegas Nevada
  • Author Confirmed What's this?
  • Why?
  • Merchants' Credit Guide Co. 223 W. Jackson Blvd. Chicago, Illinois U.S.A.

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
content.
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

This act of fraud has happened to my father. A letter has been sent to him with the description of what I read today from other reports. When I called the lady to discuss the options she said they are willing to take whatever my dad could afford. She was somewhat rude when I asked if statements would be sent to him to determine how much he was paying off each month and she said "he has so much to pay off that it will take a long time". When I asked the interest rate he would be paying back the "debt" at she couldn't tell me, she said "it would be paid back at whatever interest rate he was paying originally". It did seem fishy to me so I discussed the matter with a friend and she said I should check for fraud and sure enough today I checked and I was shocked to what I had found! Unfortunately my dad has sent money to this company, fortunately it was a small amount of money. It is terrible to see that people do this to others!

Amie
Las Vegas, Nevada
U.S.A.

This report was posted on Ripoff Report on 08/07/2008 09:42 PM and is a permanent record located here: https://www.ripoffreport.com/reports/merchants-credit-guide-co/chicago-illinois-60606/merchants-credit-guide-co-apparently-fraud-chicago-illinois-360602. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
3Consumer
0Employee/Owner

#3 Consumer Comment

And yet you fail again.

AUTHOR: John - (U.S.A.)

POSTED: Tuesday, August 12, 2008

You failed in your chest beating diatribe to even mention the fact that these people have rights to debt validation under the FDCPA. But those are 5 letters and some little facts you really despise aren't they?

Respond to this report!
What's this?

#2 Consumer Comment

Another "moral crusader" [Christopher] needs a reality check!

AUTHOR: Steve - (U.S.A.)

POSTED: Tuesday, August 12, 2008

Christopher,

You should actually get the facts before spouting your jibberish!

Merchant's Credit Guide Co is a JUNK DEBT BUYER and represents other JUNK DEBT BUYERS and the "debts" they are attempting to collect on are MOSTLY beyond statute of limitations and are LEGALLY UNCOLLECTABLE.

Do you understand Statute of Limitations?
Do you understand LEGALLY UNCOLLECTABLE?

How is that not a scam?

They use intimidation and harassment to collect on something they are not legally entitled to.

To any reasonable and educated person [not a debt collector] that would indicate a SCAM.

You need to get an education, and a grip on reality!




>>>
Submitted: 8/11/2008 9:14:08 PM
Modified: 8/11/2008 9:43:58 PM Christopher
Chicago, Illinois
U.S.A.

Merchants' Credit Guide some of you are going to despise me for saying this, but it's the tru
There're are countless reports here of people claiming to have been ripped off...or having had letters fromt this company that were attempting to scam them. Here's the horrible truth people. You are talking to debt collectors that are dealing with accounts that you failed to pay, or disputed long ago, and simply forgot about, or lied about it so much, you actually forced your mind to believe that it never existed. It isn't a scam, you ask these collectors to tell you specific details about your old (most likely charged off) account, but they aren't the original creditor, they are probably the 5-15th debt collector to try and track you down over the years, and usually only have your name, original account number, amount, date of incursion, and the original creditors info, there is, though rare, also some more detailed i.d info for yourself such as s.s.#'s credit reports, asset investigations, and so on, that they can use to verify it is you.

Once you are id'ed, there is no questioning wheather you owe it or not, it's just whether you want to resolve it before it ends up costing you more in the future. And no, there are no statutes of limitation on monies owed. Whoever is the due the money can chase you down and harrass you until the day you die, and they will find you, they will not stop, because they don't have to...and there are too many people out there who eventually do see the merit of making good on an defaulted agreement, even from over 15 years ago, as little as $40. It's what keeps companies like this one in business.

So the bottom line is, NO, IT IS NOT A SCAM, stop trying to create your own little circus where everyone can make believe that you are all victims, just caught in a major scam operation! Don't you think that this place would have been shut down by now had it made it's money by scamming people like you??? Pay your bills, and you won't have to run around trying to drum a bunch of alike thinking delusional people thinking that some company just arbitrarily pulled you out of a hat and decided to get a student loan, or a credit card started up for you just for the fun of calling you 6 years later??!


Tired...night all



>>>

Respond to this report!
What's this?

#1 Consumer Suggestion

Merchants' Credit Guide some of you are going to despise me for saying this, but it's the tru

AUTHOR: Christopher - (U.S.A.)

POSTED: Monday, August 11, 2008

There're are countless reports here of people claiming to have been ripped off...or having had letters fromt this company that were attempting to scam them. Here's the horrible truth people. You are talking to debt collectors that are dealing with accounts that you failed to pay, or disputed long ago, and simply forgot about, or lied about it so much, you actually forced your mind to believe that it never existed. It isn't a scam, you ask these collectors to tell you specific details about your old (most likely charged off) account, but they aren't the original creditor, they are probably the 5-15th debt collector to try and track you down over the years, and usually only have your name, original account number, amount, date of incursion, and the original creditors info, there is, though rare, also some more detailed i.d info for yourself such as s.s.#'s credit reports, asset investigations, and so on, that they can use to verify it is you.

Once you are id'ed, there is no questioning wheather you owe it or not, it's just whether you want to resolve it before it ends up costing you more in the future. And no, there are no statutes of limitation on monies owed. Whoever is the due the money can chase you down and harrass you until the day you die, and they will find you, they will not stop, because they don't have to...and there are too many people out there who eventually do see the merit of making good on an defaulted agreement, even from over 15 years ago, as little as $40. It's what keeps companies like this one in business.

So the bottom line is, NO, IT IS NOT A SCAM, stop trying to create your own little circus where everyone can make believe that you are all victims, just caught in a major scam operation! Don't you think that this place would have been shut down by now had it made it's money by scamming people like you??? Pay your bills, and you won't have to run around trying to drum a bunch of alike thinking delusional people thinking that some company just arbitrarily pulled you out of a hat and decided to get a student loan, or a credit card started up for you just for the fun of calling you 6 years later??!


Tired...night all

Respond to this report!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

X
What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

WATCH News
Segment Now