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Fidelity Reserves Corp.



phrogg2

Posts: 4
Credits: 885.4
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Sub: Fidelity Reserves Corp.
Thu, 07/06/2012 10:15

I got a call today from a rep with the Fidelity Reserves Corporation who explained their program and fees etc.

I was wondering if anyone else around here has use them or heard anything about them-good or bad.

But especially anything bad! :shock:

I'm feeling pretty paranoid about all this loan consolidation stuff and I want to be sure I'm not going down another bad road here, before I sign up.

Thanks, I'm working hard every day at trying not to be any dumber than I have to be!



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Sub: #1 fidelity also owned PDL assistance which took $ from you to pay Thu, 06/07/2012 - 10:15



fidelity also owned PDL assistance which took $ from you to pay off payday loans.what was not said was they also took a $49 a month fee and $400 up front and then the bank that they use took $89 a month fee.basically, everything you put in,they took.since march 2012,they are out of bussiness. Yet, fidelity is still in bussiness.do the math:confused:


Unregistered

Sub: #2 Iworked for frc and I wudnt trust them with my money. In 07 the Sat, 06/04/2011 - 08:50



Iworked for frc and I wudnt trust them with my money. In 07 the company was owned by a 20 yr old punk. All the good reviews u read online are by employees not actual customers. Dont go with this company.


Unregistered

Sub: #3 Satisfied CustomerFri, 02/18/2011 - 12:36



I am a former customer of Fidelity Reserves and I HIGHLY recommend this company! Just like you, I was very paranoid. My gullible side is the reason I was in such debt to begin with! So, I was afraid I was being "suckered" again at first. Let me tell you, this company saved my life! They are there with you every step of the way. They got me completely out of a $16,000 debt in a little under 4 years. I always had help from customer service when I needed it. They are excellent and live up to everything they promise. I was EXTREMELY satisfied. In fact, the only reason I'm answering you now is because I got on their website trying to find their number to give to my aunt. I would recommend them to anyone.


Unregistered

Sub: #4 Do NOT use this companyMon, 09/13/2010 - 11:34



Newly divorced and deep in credit card debt, I too, signed up for the FR Corp program in 2005. Fairly ignorant to their scam, I listened to the lady on the phone who told me the payment terms and assured me that my debts would be paid in 3 years. She told me that I had 3 days to review and cancel and told me they would work with my credit card companies to settle the debt. I received the package 5 days later and after seeing that I was basically ignoring my credit card bills and paying FR Corp instead, I called FR Corp and asked to cancel. The lady I spoke with told me that I could cancel but there was a $125 fee. I told her that I was told I had three days, but this time frame is based on the date of the call. She told me to try it out for a few months and if I still wanted to cancel, I could cancel and they would just take the cancellation fee out of the money I had paid. The harassment calls from my creditors began immediately and when I told them what I was doing, they laughed telling me that I would be taken to the cleaners and that I would be taken to court by the creditor before FR Corp paid them a dime. The creditor harassment became so great that I couldn???t take it anymore. I went to an attorney and was given no choice but to file bankruptcy from the difficulty in making the payments and the added stress of the phone calls.When I called FR Corp to cancel and get my refund, the gentleman happily agreed to cancel my account and refund the money I paid minus the cancellation fee. I received a notice from FR Corp telling me that my refund would be $42. I had paid over $900. When I called, I was told the additional money went to fees. Fees that were not included in any of the information that they mailed to me. I went to my bank and disputed the charges to my checking account with the information packet in hand and the reimbursed me the full amount. I also filed a claim with the Secretary of State.You have a better chance of saving money and negotiating with your credit card companies than dealing with a company like this.


Unregistered

Sub: #5 I used Fidelity Reserves when I got over my head in debt. They Tue, 08/10/2010 - 10:00



I used Fidelity Reserves when I got over my head in debt. They were a godsend! Every single person that I dealt with at this company was more than helpful and they ALWAYS did what they said they were going to do, when they promised to do it.
Yes, the debt collection calls were a nightmare and UCAN certainly helped with that. But as for Fidelity, I thank them from the bottom of my heart for all the hard work and patience they provided for me. Would I use them again? ABSOLUTELY, in fact I have referred many others to them who have had the same result....what a relief!


Unregistered

Sub: #6 I would have said they were great up until yesterday. My deal wiSat, 01/30/2010 - 22:47



I would have said they were great up until yesterday. My deal with them was to pay a set amount for 36 months. After 37 months I contacted them to see what I still owed and they said I still have approx. 2 years of payments to make, and that the original amount was just an estimate. I understand estimates but to double the time is rediculous.. I told them I took a pay cut at work and can't afford the original amount any more and they told me that's too bad... My next move is to contact some legal advise but that will cost even more $$$


Unregistered

Sub: #7 solicitation removed ---mobileTue, 11/24/2009 - 09:56



solicitation removed ---mobile


Unregistered

Sub: #8 FR CorpFri, 02/20/2009 - 11:34



I signed up with this company a couple of years ago and was completely dissatisfied with what they had to offer. After a divorce, I was up to my eyeballs in debt and they agreed to lower my monthly payments and help me get this debt paid off in a few years. When I spoke to someone on the phone, they didn't communicate to me the fact that you are basically avoiding your debtors until they are paid off. They also didn't communicate that there were fees associated with the payments that I was sending. When I recieved my package in the mail, I called and requested cancellation since they didn't review their policies accuratly. They told me that I couldn't cancel after 3 days without paying the cancellation fee. When I requested cancellation, they told me that they would happily cancel my account and when I got my confirmation of cancellation, they took most the money they had withdrawn from my account for fees. I disputed the charge with my back and received the full portion back. This is a bad company to work with... you would be better off filing bankrupcy since their practices will kill your credit anyway.


Unregistered

Sub: #9 FidelityFri, 12/26/2008 - 13:03



We have been on this program for awhile. Yes, all of the bad stuff is true, but so is the debt problems... Anyway, we are very pleased that we have had them take care of all of our old debt. Yes, it costs and takes a while, but I haven't been nagged with calls or had to pay out tons more per month than without them, so for us, it has been a good deal!


Unregistered

Sub: #10 Fidelity ReservesMon, 07/28/2008 - 13:38



I am currently in the Fidelity Reserves debt settlement program and am FULLY AWARE of the difference between this company and debt consolidation programs. You pay a monthly agreed rate to an outside account and when there is enough money in that account Fidelity approaches your creditors with an offer to settle for a bulk amount substantially less than the delinquent amount. This may take 2 years and yes your credit is definitely affected but once the settlement (s) is/are made, your credit report will reflect the balance(s) were paid off.


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