Consumer Complaints and Reviews
I did not even know about NCC closing until one of my creditors called me last night and told me that they had been granted the right to contact me for payment. All of what the other complaints have said was very true. I have paid in approx. 6450.00 and they have only settle an account for 1800.00. The first three months (430.00) per month was my service fee for them handling my accounts and then I have a 45.00 fee each month for their services. We were suppose to be debt free in five years. This appeared to be a very legal company and I ask several questions before going with them and they answered the questions and acting very professional at that point.
It is now 10 months later I have paid Solidium a total of $9,930. of which a 3% engagement fee ($3,743.04) to London Financial has been paid as well as $1.82 monthly establishment fee and a $90.00 monthly service fee. My total debt outstanding in the beginning of the program was $106,000. appx. So far wth the late fees, overlimit fees, higher interest rates imposed, attorneys fees, etc. my outstanding debts are approximately $120,000. and they are still growing. I was told that only one account has been partially settled. I have no idea what I have in my trust account at this date.
I am in serious trouble with my creditors. So far five of my creditors have filed motions for judgement against me. The balances in my accounts have grown to enormous amounts. I do not know if my creditors have been contacted with any offers and I am scared of what can happen next.
Outstanding debts are still unresolved as to how the creditors will be receiving payoffs. I am in debt much worse than I was before for my credit has been ruined by doing what the company representatives advised. They also charged me with fees to handle accounts and by settling the aforementioned accounts cost me approximately $1700 against my tax returns. I feel so stupid but I wanted to pay my debtors off without going into bankruptcy but that seems to be my only recourse now.
This is a correction letter to the one I filed 5/17/04 under my name but had omitted the company name and phone number as well as reporting that my credit was fine until I trusted Solidium to be as good as their word and reports.
Solidium Credit Recovery Services Company Profile
- Company Name:
- Solidium Credit Recovery Services