I received a letter from FAMS stating I could pay off my deliquent credit card account for 30% of the balance. I thought this was a great deal and cashed out my IRA to do so. I was tired of being harrassed and wanted this settled. I have heard of scams, so I wanted to talk to someone first before I sent the money. When I called the number provided 1-800-530-3778 to speak to S. Delude, Director of Operations, I got a recording. The recording said I made an error and to call my representative directly. Now I am very confused.
So, I called the credit card company and asked them about paying off my debt balance at the stated 30% rate. They told me it was a scam. Do not pay them. The credit card company is not doing business with them.
Now I wonder how they got my information. So watch out for those too good deals. Make sure payment is going towards your debt.