The Big Payback
For about six months, I noticed that my credit card bills never seemed to get much smaller. In fact, I was incurring late fees. Finally, after struggling to come up with the punitively large monthly payments for about a year, I noticed that I actually owed more than I had when I started. And still this place was helping itself to a portion of my payments. I called their always-busy customer service department and was told if I thought I could do better on my own, then I should go for it. "I need to eat," I said, and quit the program. Turns out that they weren't always making payments on my behalf as they agreed to. In fact, my credit was now worse than it was before I joined. I was marked as being a late payer.
I'd joined a real credit counseling agency and put this whole disaster out of my mind long ago when Friday I received a peculiar, yet wonderful email. The former owners of The Credit Network have been the subject of a large class action lawsuit for skimming the payments of their clients and misusing nonprofit tax status, to the tune of $35 million. Another settlement is also pending from the wife of the owner, who was also implicated in these doings. I could get back at least part of what I paid into their lousy program! Probably only a fraction of the original amount, but the satisfaction would be large.
What goes around comes around, as they say. If you wait long enough, the bad guys screw themselves in the end without any help.