Report: #407736

Complaint Review: Fms Investment Corp, Pinnacle Credit Services

  • Submitted: Sat, January 03, 2009
  • Updated: Sat, December 01, 2012
  • Reported By: haltom city Texas
  • Fms Investment Corp, Pinnacle Credit Services
    1000 E. Woodfield Road, Suite 102
    Schaumburg, Texas

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Fms Investment Corp, Pinnacle Credit Services has been calling me at work as well as calling my co-workers over a student loan that is 25years old . I tried settling this 5 years ago offering 3,000 but they preferred to get the 15% of my salery which left me no choice but to quit my Job I will no pay extortion money to a rip-off company like this.

is their a statue of limitations and is their a way to stop them from garnishing my salery . which is likly their next tactic.

I've also tried working directly with the department of education but they refused to even concider my offer.

haltom city, Texas
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This report was posted on Ripoff Report on 01/03/2009 08:28 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 UPDATE EX-employee responds

what have you gotten yourself in

AUTHOR: ripoff report - (United States of America)

actually the company you speak of make no profit wether you pay or not they simply give you the information and except payments on behalf of the government and the government will not except less than what you owe considering the taxpayer paid off what you owe there is no statue of limitation but if you successfully pay on your debt for 25yrs any remainder is forgiven obviously your 25yrs too late for that they dont garnish you themselves but if you refuse to cooperate they advise the government and they begin to garnish and take your taxes and wont stop until the full balance has been paid hopefully the amount theyre taking is enough to cover the constant rising penalties and int if not you can stay owing this bill fir the rest of your life your solution is to cooperate with them and theyll give you arrangment to at least keep the government out of the picture you can always pay the government something to keep them off but ignoring them only makes it worst good luck
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#2 Consumer Comment

They cannot touch your car or bank account

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

A collection agency has no right to threaten your bank account or take your car away. If they ask for your bank account# refuse to give and if they come for your car refuse to surrender the keys and the title. 1 threatened to do that to me awhile back I called them and told them flat out if you take my car I will refuse to give you the keys and the title and there is not a d**n thing you can do about it. I even talked to a lawyer and he told me since I paid cash that the collector cannot take my car if he did I can have him charged for GTA.
If this collection agency calls again tell them they have no right to call you at your place of employment and harrass you about a debt then hang up . If they call again refuse to take the call .Now when 1 asks me for my work # I refuse to give it.
A while back I had a phone that had a speaker and hold button at my residence when 1 if those clowns would call I would hit the speaker button with out saying a word I hit the hold button
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#3 Author of original report

Fms Investment Corp, Pinnacle Credit ServicesFms Investment Corp

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

5 years ago I also had my bank account and car threatened by a collection service, I called and made a complaint directly to the department of education but they did nothing about it.
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