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Tag Archives: creditors interchange

Does Moran Drexen’s Preferred Creditor Program Create a Problem for Consumers?

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Last week new information in the lawsuit between Morgan Drexen and the CFPB brought to light a commission compensated department called the Preferred Creditor Program. You can read that article, here. At least one commenter mentioned Morgan Drexen is not the only company to have such a program. If not, then an industry wide problem may exist here. One commenter ... Read More »

Morgan Drexen Rumble With CFPB – Update

cfpb

Previously covered the suit filed by the debt settlement company Morgan Drexen against the CFPB, here. Today I went to see what, if any, updates there were on the case. Here is the latest: “The Court held two on the record telephone conference calls with the parties on July 24, 2013 and July 25, 2013, during which Plaintiffs consented to ... Read More »

My Bank of America Account Went to Creditors Interchange But They Can’t Find It. – Melissa

justball-144x125

I had a credit card account with Bank of America, a couple of years ago my account was charged off and went to Creditors interchange and I have been making payments to them monthly. This month I received a notice from my bank that my payment had been returned stating that it the account had been closed. I called Creditors ... Read More »

Creditors Interchange – DIY Credit Counseling Repayment Plan Terms

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The following information is designed to assist you to put together a self-directed debt repayment plan with the creditor listed. This information has been obtained from a number of sources and while believed accurate at the time it was posted, it may have changed. However, it is good information to use to get an understanding of the types of things ... Read More »

Creditors Interchange – Scam, Complaint, Review, or Praise?

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Please share your experience with this debt collection company and provide your review and feedback, in the comments section below. The goal of this page is to allow people to share information that may be important to help others to make a more informed decision regarding their experience with this debt collection company. Here are some potential questions you might ... Read More »

I Was Making Payments to Bank of America and The Charged Off My Debt – Michelle

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Michelle “Dear Steve, Back in 2007 I made a payment arrengment with BOA on my credit card. The balance on the card was 3500 but with intrest and fees it had gone up to almost 4700. The payment plan was 100. a month. Then in 2008 my husbands hours got cut and we had to talk to the credit card ... Read More »

Candy Has Concerns About Creditor Interchange and the Settlement Offer – Get Out of Debt Podcast

Here is the latest Get Out of Debt show podcast. Do You Have a Question You Want to Ask? If you have a credit or debt question you’d like to ask call 919-321-2378. Leave your first name and question and I’m happy to help you totally for free. Get Out of Debt Guy – Twitter, G+, Facebook Caller Question Candy ... Read More »

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