- Aug 19, 2006
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Long story short, my grandmother got a letter from a company saying she can write off all of her debt if she agrees to pay $360 for 30 months. She's 80 years old and is easily confused.
She calls, a charismatic sales guy sells her on it, and she signs a contract and hands out her checking account number and routing number.
Tonight while I am with her she gets a phone call that her credit cards were never paid. The same ones that the company said they were taking care of. She tells me all about it and I call her bank. We list it as fraud, they stop payment, etc. They listed it as a company who claimed to be using the funds for one reason (debt consolidation, medical bills she has) and has instead used them for other reasons. They will be contacting her (us?) soon with more details.
My questions:
She apparently signed a contract with this company? What legal repercussions does she now have with stoping payment?
What actions can I do to help ensure this never happens again? I'm asking her to add me as a signatory on her account so I can help her manage this situation and stop it from getting worse.
Sigh.
She calls, a charismatic sales guy sells her on it, and she signs a contract and hands out her checking account number and routing number.
Tonight while I am with her she gets a phone call that her credit cards were never paid. The same ones that the company said they were taking care of. She tells me all about it and I call her bank. We list it as fraud, they stop payment, etc. They listed it as a company who claimed to be using the funds for one reason (debt consolidation, medical bills she has) and has instead used them for other reasons. They will be contacting her (us?) soon with more details.
My questions:
She apparently signed a contract with this company? What legal repercussions does she now have with stoping payment?
What actions can I do to help ensure this never happens again? I'm asking her to add me as a signatory on her account so I can help her manage this situation and stop it from getting worse.
Sigh.
