Richard
Too Good To Be True
They are half truth, but mostly lies, very deceiving. They want you to sign very quickly, will not let you review the documentation, talk very very fast and apply pressure. There's no such thing as free money. They want to get your payments routed to their accounts while they "negotiate" i.e. just let the situation get so bad the credit card company is willing to compromise. I wasn't even in position where I needed to refinance, it was optional, and they were promising 35% reduction on a balance that actually had NO interest accrued or accumulated? What? They were advising me to not pay my credit card, close my accounts, and trash my credit, and somehow they were going to make a 35% gain for me when I had no interest accrued on my 0% APR introductory offer card? They just would have made the situation worse.




