Joined Americor in May of 2019 and was told that I would be paying $1000 a month to clear up roughly 60k in debt. No fees were explained, in fact, the website States low percentages and no hidden fees. After 9 months, two accounts that totaled 6k were paid. The 3k left over went to fees. I canceled with 2k still in my savings account but that money magically disappeared into more fees.
Consumer Action Taken:
Called and spoke with both RAM and Americor and was told that the fee schedule was in the contract I signed. They don’t have to tell you what the fees are, it’s your responsibility to read them.
Date This Problem Happened: February 18, 2020
State You Live in: CO
Age Range: 21-35
Total Amount of Fee Paid: $6,000
Company Name: Americor
Company Telephone Number:
Website of Company: americor.com
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