I have been with Allegro since June of 2008. They have helped me pay down over $4000 on a huge debt and lowered my interest rate by half. I have seen the recent news and I am concerned about losing my rate and fixed payments.
The phone system at www.allegrolawreceivership.com says that all the current contracts will be honored by the banks until the completion of the investigation. Is it possible that I will lose the plan and rate that has been established? Can I transfer my current debt arrangement to another agency? How do you think the banks will respond to this situation? And lastly what advice can you give for how victims can work with the financial institutions who hold the loans? Thanks.
It isn’t clear from your question if you are a Allegro Law Debt Management client or an Allegro Law Debt Settlement client. If you are a debt management client then you are making monthly payments that are being sent to your creditors. This is actually what I am assuming you are doing and is happening.
If this is the case then see my previous post “Allegro Law Debt Management Clients. Important Information to Get Better Service” for information on what to do to transfer your debt management account.
Your question about being a victim and how your banks will respond is interesting. The fact that a consumer chose to go with a scam firm is not a problem for the bank. It does not absolve the consumer of any liability and is simply an unfortunate fact.
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
P.S. Be sure to read ‘The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey‘.