Nationwide Asset Services/Global Client Solutions
Credit in shambles and possibility of judgment against us, and we are left to deal with the legal ramifications. No help from nationwide asset services!

At the writing of this report, my husband and I are being sued by one of our creditors. They have requested a judgment against us from the court, and we are left to handle this without legal representation. I wish I had listened to my gut instinct in the first place, and never bought into this apparent "scheme" by Nationwide Asset Services, whose representative "promised" that we would be in good hands, that they would lower our interest and remove fees and penalties through negotiations with our creditors. Originally, I turned them down. But they continued to call me and making me feel like I was stupid to not want to lower my interest, etc. (his exact word's were "why would you not want to lower your interest to possibly zero, and avoid penalties and fees?").

I did everything they told me to do-had my phone number changed (to avoid harrassment by my creditors), gave them power of attorney over the debts in question, and worst of all, gave them the right to take money from my bank account every month.

After nearly 3 years of deducting $300.00 monthly from my account, the only settlements they have done successfully were small accounts to credit card companies, of which they saved me absolutely nothing, after taking into consideration their up-front fee of $400.00, monthly administrative fees of $49.00 and bank maintenance fee of $7.20.

Now, we are being sued by our largest creditor (in the neighborhood of $15,000.00 including interest and court fees). Meanwhile, Nationwide Asset Services act as if we have nothing to worry about, that this is, more or less, "par for the course". I don't know at this point what I should do about the money the continue to take out of our account every month, if I should put a stop to it, and demand what monies they are holding, or see if they actually are successful in negotiating with our creditor (if the court sees fit to honor my request to not grant the motion for judgment against us).

I don't know how this mess will play out in the end. But I do know that our credit is virtually destroyed, and we are now looking at the real possibility of going to court over this. This is scarry stuff, and it keeps me awake at night with worry.

Company: Nationwide Asset Services/Global Client Solutions
Country: USA
State: Arizona
City: Phoenix
Address: 1990 W. Camelback Rd. Ste. 405
Phone: 8888372930

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