GreenLink Funding misleading agent about consolidation loan that was never a loan Irvine Ca.

After receiving a letter in the mail about a loan I was qualified to receive at a low interest rate to reduce my credit card payments I decided to phone them. When I phoned I was told it was a simple interest loan the interest rate was 6.73 and up depending on my credit score and it would range from 3 to 5 years in length.I asked was this a bank and was told no that this company works with investors and was asked about my credit card debt dollar amount and amount I was paying per month. I totaled this for them and responded.I then stated about prior request I had made and was told about my revolving dedt and inquiries on my credit report and that being why this was probably a waist of time. They stated no they should be able to work something out with their investors and would let me know my options on loans but needed to know my income,house payment other non credit  card payments etc.then they would need to check my credit report and would get back to me. The following day they wanted my wifes info and said they were working something out and would get back to me later  but wanted my wife on the phone also.When my wife got home I phoned them and got her on the phone also, they then gave a long statement about how much bebt we are in on credit cards and how this loan will reduce the amount of time we pay them down and how much effort they had put into getting this loan for us.They then talked about how much our payments would be and it being less than our payments are now and the amount of time we would save paying them down.After I asked what this consisted of they stated it would be 0% interest, the amount the payment would be and how many years, also they would reduce the amount we owe to the card companies BUT we couldnt use our credit cards anymore. I knew then this was a debt reduction company not a consolidation company with loans. I told them when we paid their company and not the credit card companies we would get late fees and they replied yeah but and thats when I stated this never was a consolidation loan why didnt they tell me and if I did this my credit rating would go to 0. My point in this report is DO NOT fall into this trap DONT let them run your credit report just so they can tally up your debt then give it to you in a long statement attempting to get you to pay them and not your credit card companies.These debt reduction companies have bad ratings because of what they do to people and get complaints and have attorney generals coming down on them and anyone else victims can find.If I had of found a ripoff report on them they never would have run my credit and luckily I saw what they were trying to do and had read about those debt consolidation companies. Also I feel they dont use the term debt consolidaton because of the reputation those companies have but dont be fooled by them.