Don't walk, RUN! I thought I was being pretty smart when they called me out of the blue one day (my number must be floating around on some potential suckers list) and I looked them up on the Better Business Bureau while we were talking. They had an A- rating. Under similar circumstances with a poor BBB rating company I love to say to the person on the phone, ""Uh, I just looked you up on BBB online and you have an F rating! Bye bye!"" But since they had this good rating and the con artist I was speaking to had a good spiel, I gave this company my money. To their credit, they did return all of my money when I was dissatisfied. And BOY was I dissatisfied!
Their sales pitch was (paraphrasing): ""We will put ALL of your debt on one or two cards and your APR will NEVER be more than 7.9 and sometimes less! Our $599 fee will be absorbed by the savings in interest!"" Well let's just say the first statement is a flat out LIE! I was supposed to be getting offers in the mail for 7.9 APR or less. I got offers alright, but it was a situation where you first APPLY and then they'll SEE if that issuing bank will offer 7.9 or less! So you might end up opening a new line of credit with a non-competitive APR (like you need like a hole in the head if you are in debt). If you cancel or if you keep the new line of credit open with the awww-too-bad-for-you-too-high-APR--either way, your credit takes another hit.
Also, What NBCM also neglects to mention is that this alleged ""7.9 or less APR"" that they're going to get for you is going to be an INTRODUCTORY offer! Not 7.9 for the life of the debt! This means you have to close the account after the introductory period and have them find for you ANOTHER account to open! That's plain NUTS! And lying by omission! And if part of your problem in debt is too many revolving debt accounts open, you are going to be DENIED! What the hell was my $599 for?! Thankfully I got it back.
Lastly, when I called to complain about all of this, the ""one to two cards"" that I was promised suddenly magically ballooned to THREE or FOUR cards! Hmmm. Interesting how the number of cards to place all of my debt at 7.9 increased from ""one or two"" to ""THREE or FOUR"" AFTER they had my money!
These people are CON ARTISTS! What I have since learned is that even a BBB rating is not necessarily reliable (ratings can be ""purchased""). And even though I thought I was being smart (I'm smarter now!), you need to be wary of any debt help organizations if they ask for your money BEFORE you see results.