I have constant mail about my finances as I have never contacted anyone.
I recieved a letter from U. S. Council for Consumer Debt Relief saying I had qualified to participate in this Mon Profit 501c-3 creditor sponsored program. It says they are not affiliated with debt settlement and NO COST to enroll 888-593-6097.
Says they will decrease interest from 9% – 0, and change calculation to a fixed rate instead of compounded rate and guarantee timeline of payoff. Is this legitimate or would there be hidden fees or and actual settlement wich I am not interested in. How can I find out the companies name?
It is such a generic sounding name that I doubt that is the real entity behind the mailer.
The sales pitch, and that what is is sounds a lot like a credit counseling approach.
It certainly sounds fishy to me. I would love to see the mailer and would appreciate it if you could upload it to me.
My advice would be to be very cautious.
I would recommend that anyone considering using such a company should read the following fee guides.
- The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
- 10 Must Do Steps to Find the Best Credit Counseling or Debt Settlement Company for You
- How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off
Please post your responses and follow-up messages to me on this in the comments section below.