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Review 9/3/2010
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Stat away from companies like Newpath Financial, Inc. I open an account with them and tried to close account I spoke with Boris Stricevic and he said there will be no refund off money i already paid to Newpath over 500$ off my money.
Here is web site that could be helpfull http://www.chicagonow.com/blogs/message-from-montie/2009/11/are-debt-settlement-companies-that-eliminate-credit-card-debt-a-scam.html
Newpath Financial Inc.
Newpath Financial, Inc.
Address:
1536 East Warner Avenue, Suite B
Santa Ana, CA 92705
Contact: Boris Stricevic – Processing Manager
Business Start Date: 3/9/2009
Company ID: 100082425
BBB Reliability Report for
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Business's response - by Boris S.on 9/3/2010
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Client called in upset because "nothing was done" during the enrollment of 3 months out of a 36 months contract. Client decided to settle debt outside of the program for percentages we felt were unreasonable based on the client’s financial hardship. The client clearly had funds outside of the program that NewPath was not aware of. Had the client advised us of the extra funds instead of taken matters into their own hands, we would have saved this client over $4000 on one settlement! These are typical actions clients take who decide to take matters into their own hands and forget why they hired us in the first place. Clients decide to discuss the accounts with the collectors and let the collector use the trust technique to win the client over. The result of this would be a client who disengages from the financial hardship program because the creditor claimed a. They don't work with NPF; b. NPF does nothing for the clients or c. They never heard of NPF. This causes the client to loose faith with New Path Financial and gain trust in the company who was the reason they were seeking help in the first place. Now that the trust is there, they pretend to care about the client and offer "amazing" settlement amounts 30-40% higher than the typical settlements New Path Financial was hired to obtain. Once this is placed into perspective, it is easy to realize why a collector would do such a thing. This particular creditor got paid $9000 on a debt that New Path Financial would have only paid $5000 for. If you are reading this because you are a potential or existing client within any financial hardship program, please first ask yourself why the creditor is nice to you now, before you start falling for the typical techniques they use to make more money. At the end of the day, it is all about money and I assure you that your creditor, who seems very caring right now, is only after your money and trying to get as much of it as possible. New Path Financial is the ONLY entity in this sc
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