Anchor Law Firm
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Worst Debt Management Company Ever--Do Not Even Deserve the 1 Star
The only reason that I am even giving them 1 star is because there is no lower option. Anchor Law Firm has been a nightmare to deal with from the beginning and they do nothing they promise when you sign on...it is one lie from the beginning and you are never able to speak to anyone who actually knows anything about you accounts. You are supposed to get a monthly update...which we have never gotten...I have asked multiple times and still receive nothing. I have also requested calls from them to discuss the status of my accounts...and no reply. We were not behind on our accounts prior to signing up for the program and were told by Anchor that it was a better alternative to bankruptcy. The only better alternative it was, was for Anchor...they got $10k of our money for doing absolutely nothing. I recommend if you are even considering it...do not...contact your creditors yourself and see what you can negotiate. Anchor did not negotiate anything...they just sat around for 2 years and ignored any of the letters they received and any of the offers...I was even sued by one creditor who had sent a settlement offer for around $900...they ignored it and I ended up not only getting sued...but paying $3K+ which was higher than what I even owe at the time I signed up for the program. We had another account that they negotiated a higher payoff than the letter we received. They literally do absolutely nothing for your accounts...you just pay them the $10K that you could have used to pay off a decent percentage of what you owe to begin with. There was no negotiating or working with our creditors. We would get the letters...send them to Anchor...even though they were supposed to have reached out to all the creditors from the beginning of the program to arrange for correspondences to go directly to them...but nothing was done. We were a couple months into the program and they didn't even have several of the accounts that were supposed to be in the program listed. Getting anyone who has a clue to talk to...or even getting the same answer twice would be amazing...not to mention ever talking to someone who carried through with what they said they were going to do. We asked for all of our accounts to be paid off with the money that is just sitting there...and to get out of the program...this started months ago...and still nothing. My husband has spoken to two different people recently who have supposedly taken care of it "this time" but we shall see. And that is the other thing...why did they negotiate for accounts to be paid over a two year period when there is money just sitting there...I'll tell you why...so they can get interest off your money. They could have negotiated a lower settlement amount by paying the full amount...but instead they make me pay more and let my money just sit there. I have never been more dissatisfied with any other company in my life to the extent I have been with Anchor. If I could scream at the top of my rooftop to never, never, never sign anything with Anchor...no matter what you think your life situation is at that time...DO NOT DO IT. They have you sign an arbitration agreement...and we have considered and are still considering getting an attorney. They literally did absolutely nothing...and I have no doubt there is plenty of data to support that...but yet they were paid over $10K by us to "manage" our debt program. An absolute disgrace of a company. I think we also need to check into which Veterans programs we can notify of they horrible business practices and failure to assist as promised and as paid