Credit Card Debt Management

I am constantly being called by two companies, Global Credit Card and Debt Management Service, these two companies constantly ring me and offer me Credit Cards solutions to help me get out of debt. Now when I wish to enquire about the company, such as the name of the person that I am speaking to, where they are based, a website, a contact telephone number I am told that they do not need to give me that information. Now I don’t know about you guys if you are getting the same kind of nuisance as me but I really want to get these guys caught. Last time I was sucked in, I was offered a pre approved £4000 credit card, when with my credit history I can’t even get a £1000 credit card. So I ask them how can they approve me already, how do they know my details on how they can approve me, I get the response that I am chosen from a selected few to receive this 5 year anniversary offer. Okay so basically I was told that with £2 I can have the pack sent out to me, so I thought why not see what they can offer me, soon as I gave them my details I had £12 taken out of my account. Now the only bit of information that I was given about the company is that they’re on Cleveland Road in London I wouldn’t take that information 100% accurate. They also interrogate you to pay a monthly fee to charity where the person will tell you that you don’t have to contribute, I didn’t want to contribute but this conversation went on for about 20 minutes on the phone as to why I don’t want to pay them and all I got was the vibe that I’m not going anywhere until you pay us the amount.

If you refuse to speak to them once, they will ring you back.

If you offered them your details and they took extra money out and you can’t do nothing about it well they will ring you back under a different company name.

Global Credit Card & Debt Management Services are FRAUD companies.

I repeat they are companies who are doing fraud. Do not give them any information, slowly, slowly they will build up the details of your home, email, work history. With this information they can do anything. Immediately if you think you have been effected change your card, call the report it missing or stolen line at the back of the card and check your statements.

If anything the name of the company will appear on your statement under this name CALLEMATICS LTD. The address for the company is CALLEMATICS LIMITED, 74 Cleveland Street, LONDON, W1T 6NA. But I fear this will only be the name of the company which provides its call centre information

If you have any experiences with this company, please state here.

this company also stung my wife and i for £20, as luck would have it, we decided to check with our credit card provider within the hour, and got our cards cancelled and new cards issued, but we still got hammered for the above amount.
to google callematics you find it is a non-contactable company, who seem to be a foreign call centre, should we hold them responsible for the fraud on my cards????

2009-03-31 11:53:10 by est1984

The Purley Way is an ethical debt management company. Visit www.purleywayltd.biz or call 0800 75 65 648 to receive a free information pack "A ...

Myself and my soon to be fiance are in a lot of credit card debt. Between the both of us we always pay our bills on time but now it is starting to become a problem where it is getting overwhelming. I want to get a loan to pay off everything in 4-5 yrs but don't want to work with a debt solution company if it is going to hurt our credit.

There are a couple of options I would suggest. Don't use a debt solutions company. They usually just have some $7 dollar employee telling you what to do while he reads the scripted answers to you. First fiand out what your current credit score is and then put that to work. For example you can get a higher limit card and balance transfer all your debt with a $0 balance transfer fee and then usually 12 months free interest. Upon this method continue paying the highest amount you can monthly. After time it will be paid off quickly. Your motivation and dedication to your spending habits will be hard to change. Although determination will get you through it. 2nd, choice I suggest. Let me know your credit situation and I will help you evaluate what bank and card you will get the best rate from. I have done this now for 5 years and completed cleared my bad debt. Just by rearranging my debt I was able to have plenty of money left over to invest. If you need anything else. Let me know. CLINT

2006-09-17 17:03:55 by Ryan 21

Price: $19.95

I have about 25000 of debt but can still pay montlhy payments on time and never missed a payment...if I try to get a personal loan from say lendingtree.com as opposed to a debt management program which looks better to creditors?? My beacon score is around 650-670....I am going to a credit counseling agency to see what they think....they are HUD approved and non-profit. I still have some assets stocks and bonds totaling 6000...I do get paid consistently and been trying some internet surveys to make some small money on the side to my job. What things should I look for at the credit counseling agency? Such as if they are legit or not in my situation?

Hello, check these links, there's plenty
of advice throughout if you have time to read:
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
good luck!
if it helps please remember me cheers

2006-09-26 14:15:06 by sporteguy03

Price: $19.99

In itself, simply getting an additional credit card that has a lower APR than your other credit card(s) does nothing, particularly if you have no plan to pay off existing debt and you start using that new credit card to accumulate new overall debt.

However, if you are able to transfer existing balance from cards that have higher rates to this new card that has a lower rate AND you stop accumulating new credit card debt (i.e. stop using all CC accounts!), then every time you make a payment on the new, lower interest credit card, more of that payment goes to the principal, reducing your overall debt more quickly.

However, be very careful when transferring balances or taking advantage of new credit card deals. "Low APR" cards often will charge an up front fee for balance transfers. Or the interest rate may be very low only for a short period of time, or it may only apply to the transfer balances (not new charges). Read all the fine print and understand the implications And never miss a payment or have a late payment. If you do, your rates will sky rocket. (In addition to any associated fees and penalties)

In short, a low APR credit card eases debt management when it is used to consolidate higher interest debts, cost little or no money to do so and no new debt is accumulated. If this is the case, you can pay the balance off more quickly than you would on higher interest rate cards.

2009-05-14 03:33:09 by melissa bailey

I have over $20,000 of credit card debt. I am able to pay them off slowly now, but I am thinking of consolidating everything with a debt management program. This program said they will close all my accounts and all I have to pay is a low monthly payment of $500 a month for all my credit cards. Is this a good deal? I am not sure. Thank you for reading and thank you for your time.

This is not a good deal. Reducing your payments will not save you anymore at all, infact, often times you will end up paying more in the long run.


The only way a debt consolidation loan is a good idea is if you get a lower interest rate, but continue to make high monthly payments, so more money is going towards principal rather tha towards interest. This is the only way to pay off more of your debts...applying more money towards the principal.

If you don't go the route of the consolication loan, make extra payments on the smallest debt only...make as big of a paymnet as possible on this one, while maintaining the other minumum payments. When that debt is paid off, move that entire payment amount onto the next smallest debt. COntinue doing this until it's gone. Again, the key is to make sure the monthly payments stay high, you're just transfering the payments from one to another as they get paid off. This is the "Debt snowball" strategy that most debt management companies recommend and is also promoted by people like DAve Ramsey, and Richard Kiyosaki.

2008-11-11 08:38:39 by Leroy