I was targeted by Premier Savings because I am drowning in debt. I was told that Premier Savings would, for the fee of $429.00, consolidate three of my credit card balances, $400.00 per month at averaage of 19 to 27 %, into a payment of $202.00 per month at 0% interest. If I wasn't satisfied with the results, I can request a refund. Sounded like a good deal at the time.
Premier Savings sent me a nifty packet of information which contained charts and colored graphs, information on how to create a monthly budget and a template chart to do so. There were instructions to call the 800 number to expedite the process.
As instructed I called the 800 number and a machine told me to leave my name and phone number and I would receive a call in return, with further instructions. Three days later my call was returned, my information verified, and I was given a phone number to CitiBank to apply for a CitiBank Master Card. Upon approval, I would be able to transfer my other balances at 0% interest for one year and 3% interest after that. I applied, I received a letter of rejection. I called Premier Savings. Again, I left a message to return my call. Three days later, my call was returned, and I was told to keep the rejection letter. Upon receiving three such letters, I would be able to request a refund. Not that it would likely happen, of course. I was told to call back in two weeks. Time goes by, I called, 3 days later, my call was returned and I was given the phone number for Peoples United Bank. Again, to request a credit card with 0% interest for 6 months and 8% interest thereafter. Again, I received a letter of rejection. The pattern continued for the Barklays Bank Good Sam credit card. This time an e-mail notice of rejection. I printed the page and called the 800 number, left a message, received return call, and was told I needed first a hard copy rejection letter from Barclays Bank Good Sam credit card, as an e-mail would not be accepted as proof of rejection. I requested a hard copy report, waited patiently for two weeks and when I received the letter, was instructed to write a request for a refund along with the letters of rejection. I did as was instructed and waited.
I received a phone call from Premier Savings and was STRONGLY CONSIDER a debt consolidation course instead of the refund. After 45 minutes of barely civil conversation I was told that my refund of $171.40 would be issued on the 18th of September. (This was said on the 3rd of September) I informed her that my refund should be for $429.00. She informed me that Premier Savings was keeping 60% for their shipping and processing fee.
That was my experience with Premier f#%*&@g Savings Corporation.
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