FMS Investment

This company is a piece a crap and a violator of all laws, they reporting some debt from a school on my credit I keep disputing sending request to the school to have them move it they will not, they place something on my credit report without finding out from me if it was valid now they wont move it because theY clim I did not say nothing within 30 days of a letter they sent that I did not get now they want me to suffer for 7 yrs, this company is crap and thats not cool how they do buisness

My student loans were in default status due to intermittent unemployment and persistent underemployment. Therefore, I entered into the Loan Rehabilitation Program with FMS Investment Corp on June 1, 2018. The Repayment Agreement was signed and submitted via email on Friday, June 1, 2018 and Thursday, July 5, 2018. The Repayment Agreement states that I was supposed to make at least nine (9) monthly payments of $5.00 each month. I have made and FMS Investment Corp/Department of Education has processed ten (10) payments, which was more than agreed. However, FMS Investment Corp./Department of Education has neglected to provide this accurate information to all three credit bureaus. I have complied with all requirements regarding timely paperwork and payment submissions. However, the incorrect repayment reporting to all three credit bureaus continues to adversely affect not only my credit score, but also my attempt to secure credit.

I have submitted all requested payments before or within the payment timeframe. The following payments, in the amount of $5.00 each, have been submitted to date:

No. Payment Date Payment Type Comment
1 June 6, 2018 Payment Card Submitted on myeddebt.io website
2 June 8, 2018 Payment Card Submitted on myeddebt.io website
3 July 2018 Money Order #***
August 2018 Money Order #*** September 2018 Money Order #*** October 2018 Money Order #*** November 2018 Money Order #1600268587
8 December 2018 Money Order #*** January 2019 Money Order #*** February 2019 Money Order #

Had a garnishment hit me which I was never informed of just popped up on my pay stub. Called them talked to them and was talked in to going direct through them to get everything done. Signed up for a rehabilitation program like they said I should do. Was told once I paid 5 payments the garnishment would stop immediately. Now it's been 5 payments and they are just ignoring me and refuse to send the letter over to my payroll department. Everytime I call I am being told pretty much they will get to it when they feel like it. Now meanwhile I am paying my payments coming out automatically and my pay is being garnished. Cant stand a liar or a thief and they are both.

I received a dunning call from FMS. Never had I received a call or letter requesting a late payment. Of course not, because my bill was totally paid. When I called the business, they told me that there was no reason for the call, as my account was closed (ie, fully paid). Furthermore, they had never heard of FMS.
THIS SMELLS LIKE A SCAM TO ME. FMS INCORPORATED OF TULSA, OKLAHOMA.

First...the Revdex.com Complaint form won't allow me to file a complaint for this company. Secondly, they sent a form for wage garnishment with an incorrect name, DOB, and SS to my employer. If they have this info, how could they erroneously match it to my employer. Shows high level of incompetence. On the phone, they required me to supply my full SS to remedy process. Even though no other information matched or cross-referenced, including last 4 of SS, they still insisted on full SS. They phone calls were highly unprofessional with lack of understanding of the security breach by requesting this information. After fourth call to management...the operator stated they only needed last 4 of SS to show that it was not me. They still could not explain how the letter was erroneously matched to my employer. If you are a company that actually garnishes wages...seems you should have better investigative services to not assume that a person with differing name, DOB, SS, and even the location of employer to know that you are not matching to the correct person. With scams everywhere...this business is practicing their business in a scam-like way.

rude & not professional even the managers ..if you call with a problem expect to be ignored consistently.

I received a letter from FMS requesting employee information. Since this company was unfamiliar to me I asked what the company did and why they were requesting the information. The person on the phone replied that she wasn't authorized to give me that information.

That set off red flags for me. There are too many scams out there that seek to get confidential information. I was finally able to get a supervisor on the phone and continued to receive vague information about the request.

I'm hesitant to respond to the request.

This company shouldn't be allowed to handle there own financial information never mind any one else'
I tried to pay agreement out over a year ago it took over three weeks to get a pay off amount by then I could no longer get access to the sum needed
I have been transfered so many times on a single call that I have actually broke down in tears when told I was going to be transfered again
I missed several payments was never contacted until a month before I was to go in default. It took over the month for them to get me the paperwork and process it
They will only except debit card pants over the phone
They repeatedly have trouble finding my account
This company is poorly organized, overwhelmed, and disfunctional.
It's a shame that the department of education dropped the ball and passed the buck to a company that is even less equipped to handle the needs of America's educational financing

Foul sm of the earth that the government allows to rob people !!

My wife was informed of a debt from her school. She told them we didn't have this full amount and what we could afford to pay each month. They demanded we give them a down payment and pay a higher monthly than we could afford. When we told them they would not agree and continued to demand a down payment.

After taking my entire federal return without notice I called to set up my $5 payment issue. Have sent in my tax returns with no reply (They stated there would be a document follow up call to make sure I had everything in correctly) and I have continually gotten "An error occurred while processing your request." when trying to log into their portal at myeddebt.io which has been going on for 4 days now. Companies should be audited before they are allowed to buy up student debt loans like this. Its unfortunate I am being forced to work with them because they essentially own me through my debt and there's nothing I can do about it. Doesn't this seem like a broken system? All in all, they are a very unorganized call center that's looking to exploit defaulted student loans. SHARKS