Report: #245540

Complaint Review: Credit Solutions

  • Submitted: Tue, April 24, 2007
  • Updated: Fri, April 27, 2007
  • Reported By: east peoria Illinois
  • Credit Solutions
    15601 Dallas Parkway Ste. 700
    Addison, Texas

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

Credit Solutions promised to leiminate our debt, by reducing balances to 40%, and letting our balances "age" in the meantime while building up a balance to pay of the protion of debt that would remain.

This is a direct quote from one of their emails: "At the beginning of your program we contact your creditors. After they have been contacted, we allow your account to age. This aging period consist of non-payment to the creditor. This shifts the leverage from the creditor to you, the client. During this aging period, you are to save as much as possible whenever possible, as this will help you get out of debt sooner."

They AGED our accounts into collections and arbitration!!
My wife spent an average 4-5 hours a week on the phone trying to prod them along to resolve our debt. after 3 months and only one settlement for the original balance of the debt, we finally severed ties with them after paying almost $2000 in fees.

Do not use this company, contact a local credit counseling agency and let them help. At least they were honest!

East Peoria, Illinois
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This report was posted on Ripoff Report on 04/24/2007 08:04 PM and is a permanent record located here: 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

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#1 Consumer Comment


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

I almost when with them and due to all the reports on this website I am thanking my lucky stars that I am not. I will keep with my original debt consolidation plan with a reputable company that has no complaints on here or with the better business bereau. THANK YOU!
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