Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Call (Toll Free)
(800)-601-1579
Community Area
Get FREE Counseling




*


Helpful Resources
Community
Popular Discussions
Creditmagic Twitter
Credit on Facebook

Over 8 complaints through the Better Business Bureau

Post reply  Start a topic
Author Message
Options
Print this topic
Invite a friend
Email this topic
  Bookmark online
Add to del.icio.us
Add to YahooMyWeb
 
maite
Guest






Subject: RE: Credit Alliance Group
 
Posted on Mon Sep 08, 2008 5:19 pm  

Huge Scam company. Over 8 complaints through the Better Business Bureau... I have an investigation out on them right now. I work for the BBB... DO NOT GO THIS ROUTE!!! Thanks...
Inthebiz
Guest






Subject: Q & A
 
Posted on Mon Sep 08, 2008 10:01 pm  

I have a question about getting a break or a settlement offer, how long does one have to accept an offer before they can not offer it again?

They are going to tell you that you only have to the end of the month to accept the offer because that is how each one of the collector's commissions work. Thats why if and when you do decide to settle if you wait to the end of the month then the settlement will get better and better. Preferably settle on the last couple days of the month and act as if it is all you have at the moment. They bought the debt for probably 20-30 cents on the dollar and I wouldn't settle for anything over 50% preferably 40% if you are stubborn enough you'll do fine! Look up the statute of limitations for unsecured debt in your state. Most of the time it is a minimum of 3 years and a maximum of 5 in all 50 states. The statute of limitations start the month after you missed your first payment. That will give you a better idea of how long you have to settle with the creditor before there time runs out where they can legally collect on the debt. If you haven't been served with a summons from a sherriff or by certified mail then you have not been sued yet. So if they threaten you with legal action before you have been served a summons then go file a complaint with the ftc for bad practices under the FDCPA( Fair Debt Collection Practices Act).

Is it 30 days, 60 days or is there no time limit on it, can a collection agency offer you a settlement at any time at all? Yes they will offer you a settlement from the second it is in there offices. They are being paid to collect on the debt and i would give it a couple months of non payment at there office before I would even try to settle as well. Just tell them that you dont have the funds yet and that you are currently saving and that your almost there. They will lie and tell you all kinds of things to get you to pay towards the end of the month, but then another month will go by and here they go again! Remember to check those statute of limitations though. Because any and all creditors hold the right to sue you for the debt that you owe them, it just cost them less money to go through a collection company.

And the guy that works at the BBB...come on! The BBB is ripoff...RACKETT...You guys hide and take complaints off if the companies pay the "fee" or "monthly charge" to be an "accredited business" if any investigation should be going on it should be on your company! And 8 complaints. check out CreditSolutions, they are the largest debt settlement company in america almost and they have more complaints than I can count!

As for the BBB, look at the complaints vs. the size of the company vs. how many years they have been in business. I dont know about you but 8 complaints in what i think the report says this "Credit Alliance Group" has been in business 4 years. I would say that is not bad. But as one of the ladies said in the previous post above...everyone is entitled to there own opion. That is the joy of living in America.

I would love to go visit all these "scam companies" and make an assesment of the company and how they conduct business.....

How long will a collection agency hold on to an account before selling it off to another company?
Inthebiz
Guest






Subject: Q & A
 
Posted on Mon Sep 08, 2008 10:05 pm  

How long will a collection agency hold on to an account before selling it off to another company?

Ooops I forgot to answer this one. And I'm not one to give out an answer that I'm not 100% for sure on, but if I were to guess it would be like 180 Days... Because that is how long the original creditor holds on to the debt before settling with a collection agency.
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



123 Magic Points

 
Posted on Tue Sep 09, 2008 11:56 pm  

It is in fact 180 days. I had one on my credit report and added the date until teh fall off point. They can sell this debt for an eternity if they wanted. Mine has passed through so many hands over the past 5-6 years that I could leave you a complete list. It doesn't seem any company actually holds on to them for very long because I get letters a couple times a year and they are usually from different companies.
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3931



436 Magic Points

 
Posted on Sat Nov 08, 2008 4:13 pm  

You are right fireyone, 20 years down the road you could still be getting some collector trying to collect on a dead debt. You just can not be sued after the statute of limitations
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa
carol

carol

Joined: 27 Jun 2006
carol's page
Posts: 1299
Location: Los Angeles, California


30054 Magic Points

 
Posted on Mon Nov 10, 2008 4:03 am  

Hi Inthebiz
Normally, they report the debt to the credit bureaus after 180 days from the date of your first missed payment, since after 180 days the account is considered delinquent. Now most of the creditors sell it to the CAs after this period only and the CAs after purchasing the debt reports it to the credit bureaus and so the name of both the OC and CA starts appearing in your report. Now if you pay off the debt to the CA after PFD agreement with them, only the CA listing gets removed from your credit report and not the OC listing. This OC listing stays in your report for seven years.
_________________
Keep in touch
Carol
Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1238



28944 Magic Points

 
Posted on Mon Nov 10, 2008 4:10 am  

I agree with Carol on this point. Again a debt also passes on from one CA to another. This happens when the CA to whom the OC has sold off the debt has either failed to collect the debt or could not validate the debt properly and so could not collect the debt. For example, if you ask a CA whose name appears in your report to validate the debt, and he cannot validate the debt within 30 days from the date of receipt of your letter, because of lack of documents, he sells it to another CA who again tries to collect the debt and this process continues so long the debt is collected by a CA. If the CA cannot validate the debt, he cannot even sue you and bring judgment against you and so he sells off the debt account.
_________________
All the Best Smile
Justin
DFF
Guest






Subject: Credit alliance group
 
Posted on Tue Jan 20, 2009 2:50 am  

The main problem with bad posts about credit management companies is the fact that most people are ignorant about what is trying to be accomplished. You already have bad credit but dont want to be complete dead beats in regards to not paying your creditors back. These companies help you by negotiating your debt down. Chapter 13 is a horrible thing to do. You will not be able to get financing down the road with a Ch. 13. When using credit management companies what happens is that you put money in escrow until you reach 40% of your lowest balance debt. The next step is that the company pays it off for you. Will your credit be harmed.....??? ABSOLUTELY but will you be debt free in 3 years????ABSOLUTELY and your credit will not be any worse off then it already was.. If the consumer was responsible in the first place with their debt then they wouldn't be in this position. Debt management is the way to go. Do your research. If you type any companies name into a search engine like ripoff.com then you will negative results as well. Don't be so narrow minded. It is a dirty job but it ultimately helps the client out in the long run.
Mary

Mary

Joined: 06 Jul 2006
Mary's page
Posts: 684



17422 Magic Points

 
Posted on Tue Jan 20, 2009 10:01 am  

Yes, in Chapter 13 bankruptcy, you need to pay off the outstanding debt from your monthly income in a period of three to five years, but you cannot go for Chapter 7 bankruptcy, if you have the income to repay off the debt. Moreover, the bankruptcy law that has come into effect in 2005 requires you to undergo credit counseling service within 180 days of filing bankruptcy where you will be guided about the type of bankruptcy you need to file.

Repaying off the debt do not improve your credit score. It only helps you to avoid judgment for garnishment of wage and bank accounts and will not lower your score any further, because judgments reduce score by about 100 points.
_________________
Where there's a will, there's a way !!
Doris
Guest






Subject: CAG is definitely a rip off
 
Posted on Fri Jun 05, 2009 11:31 am  

I am trying to deal with them right now and get a refund of my escrow account. I am unfortunately having to file a Chapter 13. I had signed up with CAG back in Nov. After speaking with our attorney in April I emailed CAG to cancel our contract. Silvia the supervisor said they never received the cancellation notice, but if I could show them it they would honor it. I sent her the it, but now she said her CEO would not and they were keeping my extra money which they took from my escrow account. Now tell me a company that is supposely out there telling people how they are here to help you will keep money from someone who definitely needs it all back now. If you just type in Credit Alliance Group in google you will get a number of blogs where others have also been ripped off by this company. I'm with Danielle and believe the positive responses are from someone in the company and not true customers.
morish1



Joined: 10 Jun 2009
morish1's page
Posts: 5



228 Magic Points

 
Posted on Wed Jun 10, 2009 11:25 am  

Should NOT be cut?

Security departments like the state national guard or highway patrol.
Jen Y
Guest






Subject: Summons
 
Posted on Tue Sep 01, 2009 12:09 am  

I have been with CAG for about 18 months not one of my accounts have been paid on and I just got a lawsuit from one of my creditors that have been notified of my enrollment in CAG. Has anyone else had this problem, if so what did u do?
nuyen
Guest






Subject: ripoff
 
Posted on Fri Jun 04, 2010 1:12 pm  

iwas singup for cag program for 42 month and patd them 4631 already now they email said i singup for 60 month lie and big lie
Aaron

Aaron

Joined: 08 Feb 2010
Aaron's page
Posts: 2632



48565 Magic Points

Subject: complain
 
Posted on Tue Jun 08, 2010 10:19 am  

Hi Nuyen,

File a complaint with the Better Business Bureau, and Federal Trade Commission.

Thanks,

Aaron
_________________
Keep in touch Smile
hgimmy229

hgimmy229

Joined: 01 Jul 2010
hgimmy229's page
Posts: 11
Location: Florida


259 Magic Points

 
Posted on Mon Jul 12, 2010 5:57 pm  

If the above mentioned company is listed in Dallas, TX, according to the BBB, the company is not a BBB accredited business.

The BBB has the company listed with an "F" rating.

According to the BBB, reason for the rating include the following:
1) BBB concerns with the industry in which this business operates.
2) Length of time business has been operating.
3) 31 complaints filed against the business.

Always be very cautious regarding companies that are not listed with the BBB. You can also go a step further & contact the Attorney General in the state of TX. to see if the above listed company has ever been sued.

If you are in need of free financial counseling, please do not hesitate to contact me.

Respectfully Yours,

Heather Gimmy
_________________
Heather Gimmy
Non-Profit Budget Counseling

Quick Reply
Your Name
Subject
Message body
 Previous  1, 2, 3, 4  Next  
Page 3 of 4

 
Delete this topic Move this topic Lock this topic Split this topic 






Page loaded in 0.086 seconds.