Thanks to all of you who have reported genesis. I would never have known about them had I not needed contact information for them. They have committed a separate act in addition to the one described below. (See separate report for 2nd offense information)
1ST OFFENSE BY GENESIS... SCAM PLUS!!!
I received a letter/contract agreement back on 11/18 from Genesis Financial Solutions offering a Pearl Gold Mastercard to settle a credit card debt of First Consumers National Bank that had been charged off for only 1/2 of the total amount that had been charged off. Thinking this would be a chance to repair some of my credit, I STUPIDLY accepted the offer in January and have continuted to pay on it every month through this month January. I didn't make the minimun payments I doubled it and authorized them to take ACH payments from my checking account.
1) Even though I have faithfully paid every month, it has done nothing but lower my credit rating. I am reporting them to FCRA and FDCPA. Their actions are outrageous.
2) I dug up my credit reports reflecting the FCNB account and this account has a ZERO BALANCE going back to 1998.
3) They effectively reaged this debt.
4) I have never used the MasterCard they issued and never will.
I don't know what the attorney will say yet, but I will be speaking with one.
Beware and know the statute of limitations on all of your debts.
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