wyolawfirm.com

Do not hire this Co!

I have just read quite a few previous reviews. I don't know where they find so many people who are happy with them. They are under investigation with the Wyoming AG's office. Some of that is coming from the numerous complaints to the Better Business Bureau of Wyoming. I wish I had never heard of them! We applied for a debt consolidation loan. We were contacted by someone then called Summit Law firm. They have a great sales team. We agreed and they send someone to go over the endless amount of pages they call a contract. They flip through it very quickly. If I had a chance to read it a couple of days previous I would never have signed it. We enrolled 4 different credit card debts. At the time we were drowning, First thing they tell you is to stop paying. They also tell you it will negatively effect your credit. Well It's been 3.5 years later and my credit score is still in the tank. I am still paying in $500.00 a month. This is supposed to go into an escrow account and build up so you can try to get a settlement. Hard to build up when they take close to half every month for fees. After I was in the program awhile I asked for an update. Nothing had happened. They said you had to miss at least six payments before the CC card co. would negotiate. They did settle 3 out of the 4 debts. For less than what is owed. My gripe is when there is a settlement they drag out the payment schedule for as long as possible. Example: On Oct. 13 2018 we enrolled a debt of $10,089.00 By Sept. 20, 2019 we owed $12,057.10. They did get a settlement for $4,822.84. on Sept. 23, 2019. Great! Instead of saying why don't you come up with that new total they dragged it out for 24 months. For the first 10 months the payment was $25.00. For the next 7 months it increased to $150.00. Then increased again until it was paid off. 24 months and I was paying in $500.00 a month. This month July 2022 I will make the final payment for the third debt. Now I enrolled $12,000.00 of debt I owed to Capitol One in 2018 also. They filed a lawsuit against me. They hired a local lawyer to defend me, who did nothing. This month I get notice from Wyolaw that the cc card Co. was willing to settle for $12,000.00. The original amount. It has since ballooned to over $14,000.00. When I raised the roof I got a call from someone in NY who worked for them. In less than a week He had a signed agreement and they were willing to settle for $9,000.00. I have $3,000 in my escrow account. I sent in $6,000.00 in cash and they are supposed to forward my $3,000.00. Then supposedly I will be done. It only took 3.5 years. I thought it could of been done in a year and a half. If they had offered me to make the cash settlement for the other three I would have been done a long time ago. When the third debt was at $1500.00 I tried to get them to let me make the final payment. They gave me the runaround and now I am facing the last payment. Paying them all those fees every month and this does not count the original retainer. After complaining to the Wyoming AG's office I have had all kinds of attention. Never ever again. Buyer beware!

Date of experience: Jul 09, 2022