|Consumer Credit Group LLC|
|Lowering Interest Rates on Comsumer Credit Card Debt |
|3rd of Sep, 2011 by ReportFraud386 |
|Be wary of this company. If your name is out there and sold to some company or they get your phone number here is what this company will do.|
You will receive a phone call from the sales department. They will give you their Florida license number, etc. The will try to qualify you for their interest savings program if you owe more than $10,000 in consumer credit card debt. They claim that they will lower your interest rates with your credit card company. They have a 100% money back guarantee that if they cannot save you at least $4,000 in interest you are entitled to a full refund.
Before signing up, I specifically asked the salesperson that if my interest rates on my credit cards were not lowered saving me at least $4,000 whether I would be entitled to a refund. She stated yes. They charged me $895. When I received the analysis, however, the interest rates on my credit cards were not lowered. What I received was a "payment plan" that had the potential to save me interest because I would be paying off the credit cards sooner thereby saving those interest payment.. However, the company did absolutely nothing to lower my actual interest rates on my credit cards and charged me $895.
I am now in a program that basically designs the same payment plan, I receive a credit report from Equifax and my credit score for only $16.95/month. When the math is done ($895 divided by $16.95 = 52.8 months or approximately 5 1/2 years) I have a better program that costs a lot less without having to put $895 on my credit card to pay for it.
This company is fraudulent by knowingly providing false or misleading information for their economic benefit. Stay away from this company.
|This company is a SCAM!!! They call and promise to save you thousands of dollars and tell you that after you pay them $995.00... if you pay off your debts, you will get a FULL REFUND if they do not save you $3000. Well, I paid my bills off in one month after signing up with these fraudulent people and they refuse to give me my money back.|
I NEVER received any communication from them with a so-called analysis, although they assured me that they had emailed it twice (which they had NOT). They have said that they saved me $4, 000 OVER THE TERM OF MY DEBT!!! 5 years and 3 months of paying the min. amount due. I paid them off in 1-1/2 months and they refuse to give me my $995.00 back!!!
BEWARE of these crafty people who just HAPPEN to forget to tell you all of the facts. They are VILE!!!
|My husband kept getting phone calls from the Consumer Credit Group, LLC back in August 2011. He eventually responded to the phone calls and was told that the company that was calling could work with our credit card companies, we had 2, and lower our interest rate significantly and we would be able to save thousands over the life of the cards. We were told there was one flat fee of $895 and they would continue to work with our credit card companies while we used these cards to keep our interest rate low. My husband repeated himself mutliple times to the sales representative at CCG, LLC our expectations. We would have lower interest rates, we would not have to stop using our credit cards, and that it was a one time fee. About a month later we recieved a "Customized Budget Plan". Basically, a booklet explaining an amortization schedule with our credit card debt amounts plugged into a chart. That is not what we were told we would be paying $895 for. We understand if we pay our cards off faster we pay less in interest. Any fool with a credit card can understand that. So my husband called the company and questioned what they were actually selling us. The representitave he spoke to said they couldn't lower our interest rate and that we already had the lowest rate available. My husband was then told that the $895 fee was only for a 180 day period and not the life of our credit cards. Basically, they charge your card and you get a basic schooling on how your credit card works. There is no interest lowering, no nothing. It is a complete scam and I honestly can not believe that this is legal. My husband immediatly called our credit card companies to change our account numbers. He also explained to the credit card rep. what had happened with this company and she said that no company has any way of lowering the consumer's interest rate. We got lucky somehow because the Consumer Credit Group, LLC had not charged our account yet. The credit card rep. also made sure that if they tried to make a charge to the account it would be denied. Beware of these scams!!! It is fraud! As if it isn't bad enough we have debt, there are slimy, cold hearted, stealing "businesses" trying to take even more from us! Shame on anyone who works for this company. You should go to jail. You lied about everything over and over again, even when asked specific questions. Do not trust this company.|
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