Jefferson Capsys, Midland Funding, Compucredit
Embrace Visa Offer Took My Payments but No Card Ever Arrived

I recently received an offer from "Embrace Visa" telling me that if I would pay a portion of an old debt I would receive a discount and a new line of credit would be extended at $1200. They said the remaining old debt would be transferred to the card at 0% interest for the life of the balance transfer.

First of all after doing some research I realized the debt they were collecting on was way past the statute of limitations. In my state its 3 years on an account with no activity. Unfortunately I didn't do my research up front and in an attempt to "Do the right thing" I accepted their offer.

Since that point my life has become a living hell. They have repeatedly sent my "statements" late. I suppose in an attempt to make me late on payments. I came into this with the best intentions and paid what they wanted over a 9 month period in 4 months early every month.

Big Shocker! I never received a card from them. There is now three accounts showing on my credit report from Jefferson Capsys, Midland Funding, and Compucredit. Each with a different amount owed. All companies that fall under the Encore Capital umbrella.

I filed a complaint with the FTC and contacted the local financial crimes division. I immediately closed my bank account since I had paid them by electronic check.

They have completely destroyed my credit. There seems to be no recourse. I have contacted 2 attorneys neither wanted to get involved. I just hope no one ever has to go through what I am going through now. Embrace Visa is a scam! Do not accept any offer the try and give you...

Company: Jefferson Capsys, Midland Funding, Compucredit
Country: USA
State: Minnesota
City: St. Cloud
Address: P.O. Box 8003

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