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Terri of Arlington TX (12/04/07)
Debt XS told me they would pay off my bills in 36 months as long as I allowed them to debit myt checking acsount monthly. They also indicated there would be no negative effect on my credit score because I wold have demonstrated a quick payoff of my bills.
My credit report has decreased from ~1200 to ~ 60nd 0. My creditors are calling me almost daily. This stresses me out and emotionally I am wrecked as a result of this.
Barbara of Petersburg IL (10/19/07)
I contacted this company who seemed professional to handle my debt. I signed up with them 1/2005. They assured me they could cut my debt in half. I thought the company would be using some of the money I paid them every month toward my debt plus what I would put away every month. I was told to quit paying ALL bills and they would handle it from there. They sounded so reassuring and confident that I felt comfortable with being out of debt in 2 years; I felt the money I was paying them was worth it.
The calls from creditors starting coming. The bills and threats kept coming. I called Debtxs and was told to log all calls and fax it to them and they would handle it. I was told not to answer the phone and/or to hang up on them. Debtxs was no help when I called them for help. I was feeling very uncomfortable with my financial situation and the fact that I had allowed my bills to go unpaid as they instructed. By Oct. I had papers served on me from one of my creditors and had to go to court. They threatened to garnish wages, etc. Again, Debtxs was no help except to tell me they would put me in contact with an attorney that I had to pay fees to. By December, I knew I had no choice but to file bankruptcy. By then the new laws were in affect and I had to file a Ch. 13 rather than a Ch.7. I recieved a phone call from Debtxs to ask why I had terminated their program. They offered no refund. I paid them $613+ every month. I could have paid that to my creditors. I filed Ch.13 and am paying all my bills the hard way and living on next to nothing. What a ride this company has taken me for.
Simone of Compton CA (05/26/07)
I was gettin stressed about my debt so I contacted knock out debt and thought this would be a great chance to settle my debt problems. Debtxs end up being the company. I call send emails and get no response from sometimes. It seemed weird I guess I was at a desperate time. I start getting a feeling that I was getting lied to. Now I'm trying to fix the problem with my creditors but at least I found out early on. I no that I signed stuff for debtxs but they are misleading and now I'm trying to see how can I cancel with them.
I'm more stressed out than ever.
James of Lewisville TX (05/22/07)
My husband and I signed up with DebtXS because we had a lot of debt we needed help with, I talked to a Stephen 3 or 4 times before we actually decided to sign up with them. I was given a payment schedule and told to open a savings account that they could deduct these payments from. I understood that the first 4 payments would be to them (DebtXS), but they would be talking to creditors letting them know of our situation and working out a settlement with them. I was told that if I was being harrassed by the creditors I should let them know and they would put a stop to it immediately. That was the great new thing they had going for their company. (haha) Once I got them the first 4 payments I began to call them and filing complaints with them about the harrassing phone calls. I was told that I had to put up with the calls and if I would just be patient they would eventually slow down once the accounts were turned over to a third party company to resolve the debt, and not to talk to any of them. I was told absolutely not to talk to any of them. Also, one of the accounts was Chase Bank, in which I also have my mortgage through, (I informed them of this before I signed up), all of the sudden now I had to remove them from my list of accounts to settle on because they could foreclose on my mortgage. When I called Chase Bank I was very easily able to work out a settlement with them. At that point I realized why they did not want me to talk to the creditors. I did not need any help settling with these companies I had been severely mislead. I have paid in approximately $4,000.00 and they have not done squat. What are my options?
Obviously, I could have used that $4,000.00 to try to keep up with payments or put towards settling with the creditors. Not to mention just the mere stress of the whole thing has been a tremendous strain on us. Our credit is ruined, plus we were told by DebtXS that once the accounts were all settled on our credit score would end up being better than ever.
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