I was contacted in May with an opportunity to take 'first steps towards financial freedom'. The telephone caller offered ways to save me a minimum of $4000 with an accelerated payment schedule and promised reduced interest rates on my outstanding credit debt. The cost would be $900 on my highest debt holding card, and then they would contact credit companies to reduce rates and work out payments over a 4 year period or less. This initial fee was arranged and paid within the weekend.
I submitted material, but heard nothing from the company after we filed the initial forms (indicating credit companies and debts). After making one phone call in late summer, early fall, someone arranged to call me and negotiate with several credit card companies.in calling Discover, we found that I was already at a lower interest rate and merely adjusted the amount that I could put to the card. He then proceeded to arrange an American Express new card for me, but asked me to lie about my income level so I could get a better interest rate. I didn't, and hence didn't get the AmEx better rate.
Since that phone call, I have had nothing change on my online report with ClearBreeze, and have not been able to contact them by phone. The BBB has not had any success, either.
I would like my money back, but certainly want to warn others of this rip-off credit consolidation scheme.
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