Latest Posts
Home > Reader Questions > I’ve been with Preferred Financial Solutions since 2007, now they garnished my account, WHY??????

I’ve been with Preferred Financial Solutions since 2007, now they garnished my account, WHY??????

I’ve been enrolled with your debt consolidation program since 2007, now one of the accounts that your company is SUPPOSED to have paid in full is garnishing my checking account!!! WHY? I’ve paid over $24,000.00 to your company in the past 4 years and was told that 3 accounts have been paid in full, but appararently not. What is going on? Where did this money go???????? I was told in the beginning that I would probably have to pay about 17,500.00 to get all 4 credit cards paid in full and now one of the accounts is garnishing my wages! I want and need an GOOD explanation!

Patti

I've been with Preferred Financial Solutions since 2007, now they garnished my account, WHY?????? by

Share This and Spread the Word

About Consumer

Consumer
This is information that was submitted by a third party and not generated by GetOutOfDebt.org or Steve Rhode.
  • http://www.consumerrecoverynetwork.com/ Michael

    Hi Patti,

    Have you reached out to Preferred to discuss your concerns?
    From time to time debts that are settled wind up in a pool of unpaid debts that get sold to an investor, a company that buys bad debts and tries to collect on them. If this happened with you, and the documentation that substantiates the settlement and timely payment is available and in order, the issue can typically be resolved quickly and simply.
    There are instances where resolution is not simple even with documentation, but the key to fixing this will be the documentation.

    Do you have any documentation of your settlements? If not, get everything from Preferred on all accounts, not just the one in question and keep in a safe place.

    Contact Preferred and find out what they will assist you with then post an update reply here in this site.

    If you learn something that suggests YOU will need to take actions steps, you will get helpful feedback and tips here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.