Complaint / Review
Discount Debt Solutions
Christian Discount Debt Ripoff Dishonest Deceiving Take your money and hold it until they feel like paying the creditors

I started with Discount Debt Solutions in July. I was told that they work with the creditors to lower interests rates, so that I, the consumer, can have a lower monthly payment.

Before you start the program, you pay an initial installment payment equal to the amount of your new consolidated monthly payment. They agree to return this money upon full payment of every creditor consolidated through them.

In exchange for this "wonderful" service they are providing you, you have to sign an agreement stating that you'll pay a $29 handling fee each month. And... If you cancel the service before full payment is received for all of the creditors you have consolidated with them, they get to keep your installment fee!

What they fail to inform people of is that the "agreement" they work out inevitably puts you into delinquent status with your creditors, and you won't know anything about it until it's too late!

Therefore, the fist notice you receive that your accounts are delinquent is the call you get from the individual creditors stating they've canceled the agreement with Discount Debt Solutions. This, in turn, leaves you with horrible marks on your credit report and still responsible for the amount that is delinquent.

As far as Discount Debt is concerned, when the creditors cancel the agreement with them because of delinquent payments, it's YOU'RE problem. Discount Debt WILL NOT refund the installment fee, regardless of the fact that their negligence is what caused the account with them to be canceled before all creditors were paid in full.

In addition to all of this, not one of the interest rates on the accounts I consolidated were actually lowered. Discount Debt Solutions merely consolidated my loans, and began making lower monthly payments to them. So, yes you save a little money each month, but as far as your creditors are concerned, you're just not paying your entire bill.

Discount Debt Solutions is a scam that simply replaces your large monthly outgoing payments with a $29 monthly handling fee and delinquent marks on your credit report.