Nearly a decade ago, I purchased insurance at a broker's office for $150.00. I was not aware it was financed, nor was I aware that there was a finance charge.
I have received "proof" of this alleged debt, but nowhere on it does it say anything about a finance charge.
The finance company lost under $10 in this whole transaction. I paid the insurance company for the 1st month and for the broker fee. When I did not keep the policy, because
They are now saying that I owe them $200. And keeping in mind, this is several years ago, they are reporting this to my credit like it was yesterday.
More people need to know about them and if you go to their site, they are litterally begging new and inexperienced agents to use them. This type of thing needs to stop.
I have also filed with The Federal Trade Commission and plan to go forward with complaints to the Az DFI, Aty General, US House Banking Committee. Once that's done, I guess the most I can do is warn people by taking out newspaper ads.
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