Complaint Review: Universal Nationwide - UDR Nationwide - Sacramento California
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- Author Not Confirmed
- Universal Nationwide - UDR Nationwide 4229 Northgate Blvd. #3 Sacramento, California U.S.A.
- Phone: 916-569-1950
- Web:
- Category: Credit Card Fraud
UDR NATIONWIDE ASSET SERVICES - Universal Nationwide ripoff debt reduction and interest reduction scam that charged me countless fees to cheat me Sacramento California
*Consumer Suggestion: Continue to seek justice Sylvia, and Bethann, if you are ignorant of the law you are forgiven!
*UPDATE Employee: Response to Sylvia in Louisiana
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I took the name of Universal Nationwide, LLC or UDR Nationwide off the internet. A nice young man called me on the telephone and promised to get my debt balance reduced and also the rate of interest reduced and I would be out of debt in 16 months.
Very sweetly,he said I needed to pay the first payment of $299 as a set-up fee which I assumed was the only additional cost.
To complete Universal's regulations,I gave him my bank account number and the company took out $250 a month for twelve months.
Naturally, when I complained that all these bank card companies were calling me and telling me that they had never heard from Universal Nationwide, LLC. I called and I faxed the company. Universal Nationwide answered the calls sometimes, but not the faxes.
Then a nice young lady assured me that the company was only pooling my fees so that they could pay off the credit card company with the highest interest rate first.
Unfortunately, in the meantime, the credit card companies were adding, on the average of $70 a month to my balance. I paid Bank One $2200 for a credit card limit of $450. While I was waiting for Universal Nationwide, LLC to pay my creditors something, Bank One gave my account to Viking of Minnesota.
In a kind, I want to help you voice, a Mr. Paul Hoover called me at my work and promised to get a deal with Bank One for $1200 if I paid Viking $600 that day and $600 in one month.
I just worked for one year at a Christian school, and I had signed a contract for the school where I worked for one year and I understood the contract to say and I asked the headmaster about it that I would be paid twelve months out of the year.
Unaware of my headmaster and me, it turns out that my twelve months salary was divided into ten months. Before I realized this I had sent Viking of Minnesota a check for $600. The check was returned when I did not receive a check for July automatedly deposited. I asked Mr. Paul Hoover for an extension and he allowed me to extend the time of payment to August 15 when the school was going to pay by automated deposit.
Unfortunately, the school's salary clerk's father was ill and evently he died in Wyoming. I had lost the directions of Mr. Paul Hoover that included something about a blue form and a code name and code city as well as the telephone number. I wanted to tell him it might be a few days before the pastor of the school wrote the checks himself.
Happily, I was paid on August 22. Paul Hoover still had the returned check. I found the address of the company and sent a certified check from the bank. In the meantime, Paul Hoover cashed the check for $600. I had now paid him $1800 dollars because I did not follow directions and the check did not get to Viking of Minnesota until August 24.
Sadly, the story gets even sorrier because I did not expect Paul Hoover to cash my check. He told me he could not. As a result it cost me about $600 in NSF check fees, but the saddest part is Universal Nationwide, LLC finally contacted its first company for me and offered to pay my $1200 owed to Bank One for $400. The amount had increated to $1800 with late fees and over the limit fees. Viking accepted the $400 and now I had paid for a $450 credit card $2200 not including the NSF fees of $600.
Then you are not going to believe this but Universal Nationwide said I had benefitted by $750 by the reduction from $1200, which it was when I gave my account to Universal Nationwide, LLC. Universal Nationwide charged me 25% or $250 for getting this benefit for me although I had now over paid Viking of Minnesota $600. Out of the $2500 I paid Universal Natinwide I received alsolutely no benefit and Universal Nationwide also charged me $250 for cancelling my account.
I wrote the president of Bank One. He said my problem was with Viking. I wrote the Attorney General of Louisiana and he did not help me either. In the meantime Universal Nationwide is still cheating people. I know I cannot be helped, but I hope I can spare the pain and suffering I have endured from just one credit card, Bank One. I am now paying off the rest of the credit cards whose balances tripled in the time I was trying to get Universal Natinwide, LLC to do what they promised.
Sylvia
Kenner, Louisiana
U.S.A.
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This report was posted on Ripoff Report on 01/01/2005 10:39 AM and is a permanent record located here: https://www.ripoffreport.com/reports/universal-nationwide-udr-nationwide/sacramento-california-70065-1123/udr-nationwide-asset-services-universal-nationwide-ripoff-debt-reduction-and-interest-re-125312. 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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#2 Consumer Suggestion
Continue to seek justice Sylvia, and Bethann, if you are ignorant of the law you are forgiven!
AUTHOR: Justice Once And For All - (U.S.A.)
SUBMITTED: Sunday, December 30, 2007
> Sylvia in Louisiana, yes you did not follow the program, but was everthing disclosed to you? I doubt it. Disclosure and violations of the agreement by way of your not understanding it is what the settlement/consolidation companies count on therefore no call backs to explain it to you, eventually you'll be scared into talking with the credit card co., or the collection agency.
Viking purchased the account, and you were to not communicate with them it was the settlement companies duty to do so, but by not contacting you and educating you I feel they violated their trust, typcily, unless run tightly by attorneys. Debt settle/consolidation companies are the pirates of the credit industry. I would continue to pursue legal redress with Louisiana officials, these companies have had some discussions with Louisiana officials I assure you. See discussions under American Debt Arbitration.
> Bethann- Arbitration? The right to arbitration ? On the back of your credit card?
Not on the back of any of mine. I did however get an explanation of arbitration I was entitled to when I originally obtained these cards. The Arbitration companies are stated on the agreement, that will do the arbitration, no choices. It also says the arbitration will be held at the arbitration administrator's chosen location within the federal judicial district you reside at the time of the claim is filed, sounds like a federal court doesn't it Bethann, unless agreed otherwise by the parties involved. The arbitration is held by a retired Federal judge, or attorney with ten years experience, utilizing the rules of the Federal Arbitration Act. It seems your industry takes advantage of the dictionary definition of arbitration, and not the legal definition of arbitration.
If you are pitching this "right to arbitration" to potential clients you sure are, at the least in a gray area of the law. Posting it here indicates outright misrepresentation, if you know the law, but if you are an employee of one of these companies, who teach the employees to use the arbitration pitch to entice customers into these questionable programs, it may be excusable. Many of the employees are trained thusly, and really believe that arbitration means the right to settlement with any third party. Not so Bethann, you are treading in dangerous waters telling people that -- to get a commission, or sale, from a person already having financial, medical, or employment problems, the usual reasons for credit card delinquency. There is a right and a wrong, we all deceide which we will utilize for our daily, hourly, by the minute actions.
Happy New year all !
#1 UPDATE Employee
Response to Sylvia in Louisiana
AUTHOR: Bethann - (U.S.A.)
SUBMITTED: Thursday, July 06, 2006
Dear Sylvia,
In regards to your comments about Universal Nationwide, you obviously did not listen to professional guidance.
I will respond to your comments in order.
First, you claimed that you were contributing $250/mo for 12 months which equals $3000. But you do not state what you were initially paying the credit card companies per month or how much of that was going to interest,or how long you would be on the program, or what they told you would could probably settle for.
Additionally, you did not state how much you owed in total debt. You said that you thought the $299 fee was a one time deal,(you got yourself into the debt did you think you were going to get out for free??)Universal would have gotten you out for less than you owed if YOU WOULD HAVE LISTENED! (Including all fees!!!!}
I am sure you were told NOT TO TALK TO YOUR CREDITORS! That is why you hire professionals to handle the situation.
Yes, they pool the fees to negotiate for a lesser amount. (Didn't they lower the $ amount you contributed to get YOUR DEBT PAID OFF & in several years?) If you could take care of it yourself, you would not have been looking for help.
Yes, the creditors will add interest & penalties & try to scare you into paying (and they did) You did not follow direction, again, by TALKING with your creditors & communicating with the people on your side who handle these situations on a professional level. From the day you are enrolled in the program, continued interest & penalties are negate.It is all part of the process to help YOU get out of debt.
You chose to deal with Viking & PAY.
You stated Universal Nationwide settled your $1200 debt for $400. They did what they promised.
So what is the problem? YOUR CHOICES COST YOU THE EXTRA MONEY!!
I help fantastic, everyday people get their life back, whatever the circumstance may be.
READ the back of your credit card statements. YOU HAVE THE RIGHT TO ARBITRATE YOUR DEBTS Let the professionals handle it! Get out of debt as fast as you can with the best help available.
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