Amerian consumers are becoming victims of some unethical debt consolidation loan providers. The consumers’ credit card debts are continuously rising in America and the debt consolidation loan providers are benefitting from such consumers. They are offering them debt consolidation loans at lower interest rates which, according to the consumers, is not really the case. In 2017, consumer credit card debt in America was close to $1 trillion and the credit card balances are continuously rising even today.
According to Credit9‘s online reviews, people are not happy with the services the company is providing. Credit9 is engaging with consumers through direct mail, cold calling and internet ads. It is marketing to provide debt consolidation loan with a low-interest rate. Credit9 is allegedly connected to Americor funding. And it is victimizing consumers with higher interest to a debt consolidation loan.
Credit9’s web site says, “A loan designed to help you pay off your credit cards and simplify your life”. But the reality is different. There are many other companies like Credit9 which are increasing the financial load of consumers by providing them with a loan having a higher interest rate. These companies are also offering loans to those consumers who have a low credit score.
A debt consolidation loan is a perfect way to pay your all debts through a single creditor but consumers must stay careful while choosing a lender.
