Peak Financial Services, Stephen Cerrone, contacted me about a debt I had with Providian. I had gotten a credit card to increase my credit score, but I ended up losing my job and got behind. When he contacted me we agreed on a payment of $50 a month to be taken from my account on the 15th. Of the month. (I had a $300 credit limit with Providian.) The few times he contacted me, I requested all of the information pertaining to this debt. He always told me he'd send it and never did. Unfortunately, I didn't listen to my wifes repeated requests that I stop payment, until he sent the paperwork. I was trying to clean up the credit score to buy a home and didn't want to "rock the boat". It's now been between 6 and 7 years of him getting his money (maybe more, I've lost track and haven't gone back that far w / the bank yet.) and I Have Had Enough! He has collected approximately $3,900 (maybe a lot more) on a $300 debt. He told me I owed years of interest, and now, recently, my wife researched credit card debt and it is to our understanding they cannot charge you interest on a credit card debt. It does say some states can, but only until a payment arrangement had been made. Either way, it isn't the point.in ALL OF THOSE YEARS my bill has never gone down.interest, according to him. Rip-Off according to us. How does he have the right to keep adding interest (or whatever he's doing). I just recieved a letter (for the first time since I was originally contacted about the debt), It says they will no longer be acceptin payments from credit/debit cards, all future payments must be made in the form of a check or a money order. Finally, I am looking for help. I did not send a payment this month, but I haven't recieved a letter stating that I'm late. Please Advise! Can I recoup this money or is he in the right?
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