Clout Visa reviews and complaints

This company, which is now bank of america, engages in predetory practices with young, financially ignorant consumers. They will ruin your credit.

The company is charging me a ridiculous amount of money for an acount I believe I paid off about 4 years ago.

Has anyone came to a conclusion on how to handle this? I have been dealing with this for over 10 years. I got my visa from Clout when I was a senior in high school. I was making all of my payments and then all of a sudden I never heard from them and apparently they were sold to BOA. Well in 2007 I got a call from Southern Capital telling me I had to set up payment arrangements. At that time I wanted to clean up my credit so I agreed to the payment plan and gave them my account number to auto pay every month. I did get a statement every month but that was the first time I had ever dealt with anything like this so I didn't keep my receipts. When I was done paying it off I never heard from them again. Then in 2012 I got a call from another collections agency saying they were collecting debt on my clout visa card. WHAT?!?! I paid that off 5 years prior and hadn't heard anything about it since. Apparently southern capital just took my money and never reported it to my credit files. Luckily my bank had all of my records so I was able to show proof to them that I had paid it off and also disputed it with all three credit reporting agencies. So it is no longer on my credit and I haven't heard anything again...until today. I got another statement from dynamic recovery systems requesting payment. It's not even on my credit anymore but I'm afraid that they are going to re report it to my credit. Can anyone help point me in the right direction?:( My email address is leahrae5683@gmail.com thanks in advance

Wow, I just received a letter from Dynamic Recovery Solutions asking that I pay CLOUT Financial Services. They didn't ask to confirm the debt or anything. Anyway, I know this was charged off and I paid the company. It was literally over 10 years ago, so I have no proof of this and I'm not sure what to do, except contact my credit report and see if they can show me the charged off account and show it was paid. I have since cleaned up my credit, bought a house and everything and in 2014, I get a letter from them saying I owe money. Not that I owe the less than $1000 that was my limit, but $4621.88 - and I need to pay this ASAP. Not happening. There has to be some sort of statue of limitations about this debt. It would clearly have been off my account by now. However, I will take this to court, because I know this was charged off and I know I paid it.

Clout is now employing the service of PN Financial to recover money that is still apparently owed to them. Another company contacted me 2 years ago but could not send me a letter of intent nor validate the debt that I had. This new company has picked up where the other company left off! A Ms. Anderson called me about a debt from 2002 that I had with Clout Visa. She stated that the account was charged off in 2008 and that if I didn't pay over $600 she would file a notice of some sort. Additionally, she started threatening to put the old debt back on my credit report unless I could provide proof that I paid it. I asked her who keeps records for a debt that was paid off over 8 years ago and she said that people who pay their debts keep records of it. So I told her to go ahead and place it on my credit report and she hung up on me. All this after leaving a creepy message that it was important and I needed to contact her immediately.

The same way it's true even though you called BoA help line and asked about your account, was told it no longer existed and then called by a collection agency two years later.

I had the same problem with Clout Visa. They called me my senior year in High School with a $500 credit limit. I took it since I was going to need money for my senior trip. My mother and I were making payments then the statements stopped. Eastern Asset Management called me in 2008 and told me that I owed 5, 000 but they would settle for $720 or so. I paid it and told them to mail me a receipt. Of course I never got a receipt but I wrote down the name and confirmation number that the rep gave me. Something has to be done!

I too opened an account in 2002. And it is still on my credit report for me owing 4400$ Clout no longer exsists. They were a scam. It hink we all need to report to the BBB and fight against our credit reports. DO NOT let the callers scare you though. All it will do is mark negativly on your Credit Report and score. They are scaring you people into paying. And if you offer to pay what you can, and they won't accept it, then too bad for them. And they do not have to right to be rude and cruel to us just because we owed a company that is no longer in existance. That is their way of making their extra few pennies. Also, I want to SEE proof of all this stuff. I wouldn't pay a lick until they sent PAPER work prooving everything and prooving it was going to be removed for good.

Holy crap, this is starting to freak me out. Last Friday, Feb 5, 2010, i got a call from a "lawyer" guy saying he had some files on his desk && was wanting to subphena me to court if i didn't call him back asap. Well i never heard my phone ring, && by the time i got the msg. i guess their offices were closed. I spent all weekend with a headache trying to figure out what this was all about. Come to find out Monday it's about a Visa...i've never in my life had a credit card, but i do remember having one all long time ago through Clout. That was in 2002 when i didn't even know much about credit cards, they just sent me one. Anyway, when i spoke to the lady she said my balance was 5, 000 and some change due to all the interest. Well she said she would settle with me for 2, 200. I told her i would talk to my husband && get back to her befor 3 like she told me to. Well i called her back at 1 && she told me i have bad news for you, we had a meeting and told them you were willing to pay but now they want 2, 700 to close your account. I was mad, but scared at the same time. I don't live in the state where i had this card, && them wanting to take me to court - i just wanted to deal with it && pay it. So i put up a payment plan. 2 payments total. 1, 000 for this month, 1, 700 for the next.

Well the odd thing now, is the next day i get another phone call, from a different person. She says she's trying to collect debt on a Visa. Well once again, i've never had a credit card besides through Clout. && I'm not lieing. Well, i asked her what the balance was && she said it was only 3, 000 and some change. Well in my head i'm life WTF...i've only had one Visa && they told me the balance was 5, 000...so now i'm freaked out, i told her about my situation && that i took care of it the day before, so she noted it all...btw she was pretty rude about it. Are we being scammed. If Clout doesn't even exisit anymore, why do we have to pay...especially after not hearing from them for sooo many years...with all this interest - it's not fair!