Report: #384067

Complaint Review: Consumer Financial ,Financial Freedom Resources ,DSI Financial - Clearwater Florida

  • Submitted:
  • Updated:
  • Reported By: Clearwater Florida
  • Consumer Financial ,Financial Freedom Resources ,DSI Financial
    18401 US HWY 19 N
    Clearwater, Florida

Consumer Financial ,Financial Freedom Resources, DSI Financial And Another One I Cant Remember Credit scammers preying on the innocent Clearwater Florida

*UPDATE EX-employee responds: Its now called CFAB Consumer financial advisory board

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I worked for this company for over 5 years. It took me a long time to find out the truth, but once I did it all made so much more sense. They make promises they can not keep. They will tell you they can help you get out of debt faster by lowering your rates and applying more money towards your principal. They will charge you any amount they can as long as you have the availability on your credit card. No one person is charged the same amount as the last person because not everyone has the same amount available on the credit cards. You can do all of this yourself, do not pay them to do it for you.

All they do is call your credit card companies and negotiate a lower rate by threatening them to transfer balances or not pay your bills. They call your banks pretending to be you and that is illegal. That is exactly why they will tell you there is no third party involvement.

Everything they do on your behalf can be done by you, and the way they do it is illegal. They have recently changed their name from Financial Freedom to Consumer Financial to be able to claim non-profit for licensing reasons. As a non-profit their sales reps do not have to carry a license to work with your sensitive information, meaning they do not have to have a criminal background check. The reps on the other end of the phone could have an extensive criminal record, even credit card fraud on their record and you are giving them enough info to be able to charge your cards themselves.

Clearwater, Florida

This report was posted on Ripoff Report on 10/23/2008 09:07 AM 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

Its now called CFAB Consumer financial advisory board

AUTHOR: Anonymous420 - (U.S.A.)

I too worked for this company and they indeed are false with what they tell clients and with the way they charge people is ridiculous. one person charged someone several thousand dollars just because he could get them to agree to it. some of the things this place does can benefit the clients but not with the way tom graham has run the company they lie about the refund policies they are told if they don't show the savings they would be refunded no questions asked. the people had to basically beg for their money back and then had to wait months and months at a time this company has taken advantage of elderly people all the time people that dont need the program or would not benefit from them. this company has also caused peoples accounts to get closed down by using a more honest approach by submitting power of attorney forms with out researching the results of this actions many consumers have lost valuable accounts and had suffered damaged scores because of it. there are a lot more i could tell you but ill just give ya what you need to know. JUST HANG UP IF THEY CALL YOU and if you are already suckered into membership don't fall for the NO REFUND policy this is illegal, simply call your credit card company and charge back. they will be more then happy to resolve this issue with you at that point. DO NOT SETTLE FOR A PARTIAL REFUND demand all of your money back, and the key to get this tell them you are calling the BBB which they are not a member of any longer and mention that you are going to call the State Attorney General office with that said. Good Luck
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