Stop paying the monthly handling fee or contribution.
Stop paying the monthly handling fee or contribution.
Your contract should have obscurely stated that you will not be turned away for refusing to pay this fee. Often clients will be told that it may be such fees are tax deductable; however, no proof is ever offered in support of this claim. These contributions are voluntary, so don't pay it; by continuing to pay these fees, at the minimum what you've done is hand over, in the case of The Credit Network $300.00 per year for them to just mail check or two out per month. Ameridebt is even higher than that, $7.00 per account per month. Keep your money where it will do the most good, in your pocket and when you have accumulated enough send it through your d.M.O. As a principal only payment and accelerate your pay off schedule. Help yourself not them.
If you are a customer of the Credit Network, ask them what color is Harry Patrie's wife's 2001 Dodge Viper? Harry Patrie is the owner of The Credit Network, and one of the co-founders of AmeriDebt which should speak volumes about his integrity, or lack thereof.
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