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I Want to Cancel Out of Morgan Drexen But They Say I Still Have to Pay The Fee

“Dear Steve,

I have been with Morgan Drexen for a couple of months now . I have a contract with them. so far they haven’t paid anything to my credit cards at all. they said they won’t start getting paid until about 7 or 8 months until my engagement fee is paid off with them which totals about 900.00 and something. i am paying 150.00 a month. one of my credit card companies are taking me to court now. can I close my checking account so no further money will be automatically taken out and tell them I don’t want them anymore. they told me if i don’t want them anymore I can cancel with them but I still have to finish paying my engagement fee to them. if I close my checking acct, will I get in trouble with them?

please help!!

thank you”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

I would be upset if you want to cancel at this point and they would make you pay more fees.

So I emailed Morgan Drexen asking for a response or quote to help guide you in this situation. As of the publication of this Q&A they have not responded.

[Update: Morgan Drexen responded and said "I would advise that the client contacts their attorney, for advice."]

In lieu of a response from Morgan Drexen I’d have to direct you to my process How to Get Out of a Debt Settlement Program and Get a Big Refund. Follow that approach and let me know what happens.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

Big Hug!

I Want to Cancel Out of Morgan Drexen But They Say I Still Have to Pay The Fee
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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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