In 2012 my wife and I were approached by a representative for Family Financial Care and convinced that debt reduction was the best answer to our financial problems. We were reassured that the company was reputable and that we could reduce our debt by half. We signed a contract and were given a processing center that was reputable and FDIC insured. After paying in over $16,000.00, we were notified that the company was gone and so was the money. I contacted the police but they told me since the company had settled one debt it was a civil not criminal matter. This left me and my wive liable for over $70,000.00 in debt from penalties, interest and the original amount. My credit is ruined for life since I am old and I will never be able to get out from under this amount. These people knew that it would not be worth chasing them with detectives and lawyers for money they had already spent.
Consumer Action Taken:
I called the company to find the lines disconnected and no forwarding number. I called the person that sold me the policy and was told that he had not been with the company for over a year. I called the CEO and left multiple messages with no returned calls. I called the president to be told that he had disassociated himself from the company a year and a half ago. I called the police and was told that since they had settled one debt it was a civil matter. I called two different attorneys and was told that it would only be throwing good money after bad. I e-mailed the new and heard nothing further. I drove by the office of this place and found it rented to others and the office management said they did not remember these people. I called the city business tax office to get any new address and was told that they were not familiar with them.
Date This Problem Happened: January 26, 2015
State You Live in: Florida
Age Range: 51-65
Total Amount of Fee Paid: $16,000
Company Name: Family Financial Care
3650 Federal Highway
Deerfield Beach, Florida
Company Telephone Number:
Website of Company: familyfinancialcare.com
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