So I popped a spam email I use into their system to see what they would send me. In business it is called an Email “Drip System”. It is designed to keep showing up in your email box to remind you of your conversation with them
The first email and what always seems to be in their emails is check out our 15,000 reviews!
Now I’m not saying that the reviews are fake as there is really no way of knowing that but I could not tell you how many times I get calls from companies who say they can help me get 5 star reviews from verified profiles with their computer system bots. When I first got that call that floored me, but hey, it is the digital age.
And these reviews are probably real as most people only make 1 phone call, get the good sales pitch and they are emotionally drained from being overwhelmed with debt so if someone tells you that they can stop the phone calls and save you thousands and the customer doesn’t know or understand what is actually occurring or the future ramifications of what is being done as they are non the wiser. All they know at the moment is someone can help them save thousands which is a wonderful thing.
But if you’re reading my blogs then you’re the type who likes to do some research and not believe everything you read so I applaud that. I can’t count the amount of times I have told a sales person I am not a one call/time close. I need to absorb the new information given to me and then think and make a decision not jump into one on an emotional decision.
So approximately a day or so later I get The 1st email basically says look at all the people that love us. One quote in the email said:
“45 years to pay off my debt but with the Debt Reset Program I’m able to pay it off in about 2 years“.
Yeah…. I’m going to have to call BS on that one for a few reasons. First is credit cards (or at least all the ones I have seen) will say pay the minimum only and will all be paid off in 28 years and 36 years was the most I have ever seen.
The 2nd email came about 3 days later saying what would you do with and extra $6,296 as that’s what they say clients save overall. What I mostly do not like about companies (just a personal feeling on how to conduct business) and of course after the fluff of the email they tell you to call their “Debt Counselors” but in the calls I have made all I observe see and hear is a sales pitch and I have no skin in the game and don’t care if you work with them I am just pointing out what someone with years of experience hears.
The 3rd email approximately 3-4 days after # 2 reminds you to check out how many people like them.
Nothing wrong with that just trying to keep them in your mind and to keep you thinking about making a decision. And email any company would use.
The 4th email is where they in my opinion fall into the same category as CREDIT ASSOCIATES, so let’s look at this one in detail:
Your credit score isn’t quite as important as you’ve been told it is. (THIS IS HOW THEY START IT)
If one of your main concerns about enrolling in a debt relief program – which can save you thousands of dollars and years of stress – is potential impact to your credit score, I have some news for you.
– Debt relief programs will only impact your credit score temporarily.
– Remaining in debt is much worse for your long-term credit.
– You could waste thousands of dollars on interest charges every year.
– Credit score only matters when you’re trying to take on more debt (a new loan, house, etc.) – but you’re trying to get out!
I do not want to attack each line in this as I could have a field day on how they are trying to manipulate you in this one.
And I do not want this to be a sales pitch for me. So Let’s just say credit is the cornerstone of the American economy, so yeah…it’s kind of important since that’s what EVERYONE ASKS you.
It’s now being used for car insurance, military promotion and job promotion, so again I think it is rather important and for them to make that last statement is literally just a flat out lie.
** So one thing I always tell people is if a company has to lie to get you to hire/work with them then how good or comfortable to do you feel about that?
So of course they lost me once I received this email and then started to work on this blog.
The 5th email they finally point out that they charge between 18-25% of the debt you owe. Call me crazy but I think that would be something to be discussed at the start and then point out how working with them will affect your credit.
Again…. Kind of important information that should be at least in the first two emails, correct?
So a little detail, if the account has been let go (6 months of no payment) then the account has been charged off. If it hasn’t and you’re looking to just get a company to help lower the interest rates as when you called they said no to you.
The final email gives some summary bullet points and I get a bit of a kick how they say in # 7:
- “Transparency is important to us”
After reading the above I wrote and mentioned sort of points out that to me at least “Transparency” seems to have a different definition to me than it does them.
When I look at their “Accreditations” they are all paid memberships so they are not a nonprofit company. And just like with me and my business I will not be a paid member of an organization so I can post their logo and name to make it look like I am here to help a consumer.
So as I tell everyone remember “Buyer Beware”, can they help you based on where you are now…. I’m sure they can and if they save you $100 aren’t they complying with the contract? Just like with many scam credit repair companies out there, if they improve your credit from when you started it is a success but would you consider 5 points a success? The legal contract you signed would.
Are they helping you as much as they can? Probably not, after all it’s not your money they are negotiating is it?
REMEMBER— KNOWLEDGE IS POWER!
Feel free to contact me at firstname.lastname@example.org if you have any questions and PLEASE be as detailed as possible with your situation and ask about my book “The Real World of Credit” to learn A LOT more of how the system works if you are thinking of fixing your own credit.
Understanding how the system works is half the job!