I recieved a phone call from innovative wealth builders a couple days before Christmas stating how I can save 5,000 off the 10,000 I currently owe.I thought it sounded good since Christmas was coming up and I knew I was going to rack up a high credit card bill and listened to the man speaking to me (Bill Pauckert) he then askes for my discover credit card number.I was hesitant at first but I gave it to him figuring he wasnt asking for some security code he said someone would need to use the card. Then this other man came on the line ( Zack Alli) he explained the program to me. He explained to me how much they would save me and had me write down 2 guarantes. The first was to get me out of debt twice as fast. The second was a minimum savings of 3,500 in 30 days off my card. Then he explained to me a fee. I thought there was no fee but Zack said that they were going to charge my card 1,595.I said no immediately. He told me that I dont come &rdqu o; out of pocket” for it. He said it would come from the 3,500 they are guaranteed to save me and I would never have to send in anything to my credit card company for it. After a while of going back and forth I agreed because I began to trust him. That was my worst mistake. Now a moth later I get my bill. There’s savings, they charged my card $1,595 twice and $799.00 twice and now my minimum payment is out of this world.
Consumer Action Taken:
I contacted the company and no one answered for a while. So I went online and saw that the Federal Trade Commision has closed the company down. I kept calling and eventually someone answered and explained to me the company is shut down. I asked how to get my money back the man told me I must wait because there are alot of clients they have to work with but they will get to me and get the money back. I dont have time to wait so I called discover to get the charges off. Discover said theres nothing they can do. I have to speak with the company. But theres no company!! What do I do? Please help
Date This Problem Happened: December 26, 2012
State You Live in: New York
Age Range: 21-35
Total Amount of Fee Paid: $5,000
Company Name: Innovative Wealth Builders
28059 us highway 19 north suite 300
clearwater, florida 34678
Company Telephone Number: 888-748-5760
Website of Company: youriwb.com
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