Here's How SELF Works Show
You apply for and open a credit builder loan at a bank, credit union or through Self. A credit union may also call this type of loan a share secured loan (being secured by your savings account). When your application is granted, the financial institution moves the loan proceeds you were approved for into a separate account, usually a savings account or certificate of deposit (CD). The loan amount tends to be between $300 and $1,000, though some banks offer credit builder loans as high as $2,500. You then begin making your monthly payments for the predetermined amount of time (the loan term). The loan term can be as short as six months or as long as six years. The bank, credit union or service provider reports your monthly payment activity to one or more of the three major credit bureaus (Experian, Equifax, Transunion). A credit bureau generates a credit rating (also known as a credit score, based on your history of using credit). Once the loan balance reaches zero, the service provider unlocks the CD or savings account and returns the total money the borrower paid, minus any interest and administrative fees. Who should get a credit builder loanThe people most likely to benefit from a credit builder loan are those with a low credit Fast Fact: Pursuant to the Fair Debt Collection Practices Act, it is unlawful for a collection agency to use profane language with you. You should dispute a debt in writing if you feel as if the dollar amount being requested is inaccurate, if you feel the debt is not owed at all, or if you feel the debt is fraudulent. If your alleged Swiss Colony account is with a collection agency, you can send a letter to that collection agency within thirty days of first being notified of the collection. You should send such a letter via certified mail so that you can prove that they received it. In response to your dispute, the collection agency must cease collection activity until they send you some sort of validation or proof of the alleged debt. They can resume their collection efforts again once they produce proof of your debt. The Fair Debt Collection Practices Act (“FDCPA”) regulates what debt collection agencies may and may not do. Collection agencies may not: The Fair Credit Reporting Act (“FCRA”) regulates the credit bureaus’ responsibilities as to your credit report. There are many things credit bureaus are required to do as it pertains to their credit reporting. Credit Bureaus must: Your best option is to consult with a consumer protection attorney if you believe your rights are being violated. cannot harass you over a debt. You have rights under the law, and we will stop the harassment once and for all.THE BEST PART IS… If The Swiss Colony violated the law, you may be entitled to money damages and The Swiss Colony will pay our fees and costs. You won’t owe us a dime for our services. Plus, some of our clients also receive debt relief and cleaned-up credit reports. You have nothing to lose! Call us today at 888-572-0176 for a free consultation. Who is The Swiss Colony?The Swiss Colony claims to be one of America’s very best food-gift catalogs and is based in Monroe, Wisconsin. Founded in 1926, The Swiss Colony is family-owned but is not recognized by the Better Business Bureau (BBB). The Swiss Colony Credit Plan is a credit service for consumers to shop via the company’s catalog or website and make monthly payments on these purchases. The Swiss Colony is a subsidiary of “Colony Brands,” which is headquartered in Monroe. The Swiss Colony’s Address, Phone Number, and Contact InformationThe Swiss Colony is located at 1112 7th Ave., Monroe, WI 53566-1364. The customer service telephone number is 866-212-5361 and the main website is www.swisscolony.com/. The Swiss Colony LawsuitsIf you want to know just how unhappy consumers are with The Swiss Colony, take a look at the number of complaints consumers have made online. Nowadays, most original creditors, credit card companies, etc. have arbitration clauses, which means that if you have a complaint against that company, you must file your claim in arbitration. Arbitration limits discovery, is not public, has a limited appellate process, and, most importantly, is funded primarily by banks and big businesses. While it can be difficult to get a fair chance in arbitration, the good news is we have filed hundreds of credit harassment cases in arbitration, and we know how to aggressively fight these cases against the big banks and businesses even when arbitration is necessary. The Swiss Colony ComplaintsThe Telephone Consumer Protection Act (TCPA) protects you from robocalls, which are those annoying, automated, recorded calls that computers make all day long. You can tell it’s a robocall because either no one responds on the other end of the line, or there is a delay when you pick up the phone before a live person responds. You can receive $500 per call if The Swiss Colony violates the TCPA. Have you received a message from this agency that sounds pre-recorded or cut-off at the beginning or end? These are tell-tale signs that the message is pre-recorded, and if you have these messages on your cell phone, you may have a TCPA case against the agency. The Electronic Fund Transfer Act (EFTA) protects electronic payments that are deducted from bank accounts. If The Swiss Colony took unauthorized deductions from your bank account, you may have an EFTA claim against the agency. The Swiss Colony, like most collection agencies, wants to set up recurring payments from consumers; imagine how much money it can earn if hundreds, even thousands, of consumers electronically pay them $50 – $100 or more per month. If you agreed to this type of reoccurring payment, the agency must follow certain steps to comply with the EFTA. Did The Swiss Colony continue to take electronic payments after you told them to stop? Did they take more money from your checking account than you agreed to? If so, we can discuss your rights and a potential case under the EFTA. The Fair Credit Reporting Act (FCRA) works to ensure that no information reported to your credit report is false. In essence, it gives you the right to dispute those inaccuracies that you find on your credit report. We’ve handled many cases in which a debt collection agency reported debt on a consumer’s credit report to obtain leverage over the consumer. If The Swiss Colony is on your credit report, they may tell you that they’ll remove the debt from your credit report if you pay it; this is commonly known as “pay for delete.” If the original creditor is on your report rather than the debt collector, and you pay off the debt, both entities should accurately report this on your credit report. Several states also have laws to provide their citizens an additional layer of protection. For example, if you live in California, Florida, Michigan, Montana, North Carolina, Pennsylvania, Texas, or Wisconsin, you may be able to add a state-law claim to your federal law claim above. North Carolina, for example, has one of the most consumer-friendly statutes in the country: if you live in NC and are harassed over a debt, you may receive $500 – $4,000 in damages per violation. We work with a local counsel in NC and our NC clients have received some great results in debt collection harassment cases. If you live in North Carolina and are being harassed by a debt collector, you have the leverage to obtain a great settlement. How do we Use the Law to Help You?We will use state and federal laws to immediately stop The Swiss Colony’s debt collection. We will send a cease-and-desist letter to stop the harassment today, and if The Swiss Colony violates the FDCPA, EFTA, FCRA, or any state law, you may be entitled to money damages. For example, under the FDCPA, you may receive up to $1,000 in damages plus actual damages. The FDCPA also has a fee-shift provision, which means the debt collector will pay your attorneys’ fees and costs. If you have a TCPA case against the agency, we will handle it based on a contingency fee and you won’t pay us a dime unless you win. THAT’S NOT ALL… We have helped thousands of consumers stop phone calls. We know how to stop the harassment and get you money damages. Once again: you will not pay us a dime for our services. We will help you based on a fee-shift provision and/or contingency fee, and the debt collector will pay your attorneys’ fees and costs. What if The Swiss Colony is on My Credit Report?Based on our experience, some debt collectors may credit-report, which means one may mark your credit report with the debt they are trying to collect. In addition to or instead of the debt collector, the original creditor may also be on your credit report in a separate entry, and it’s important to properly identify these entities because you will want both to update your credit report if or when you pay off the debt. THE GOOD NEWS IS… If The Swiss Colony is on your credit report, we can help you dispute it. Mistakes on your credit report can be very costly: along with causing you to pay higher interest rates, you may be denied credit, insurance, a rental home, a loan, or even a job because of these mistakes. Some mistakes may include someone else’s information on your credit report, inaccurate public records, stale collection accounts, or even being a victim of identity theft. If you have a mistake on your credit report, there is a process to dispute it, and my office will help you obtain your credit report and dispute any inaccurate information. REMEMBER… If a credit reporting agency violates its obligations under the Fair Credit Reporting Act (FCRA), you may be entitled to statutory damages up to $1,000, and the credit reporting agency will be required to fix the error. The FCRA also has a fee-shift provision, which means the credit reporting agency will pay your attorneys’ fees and costs. You won’t owe us a dime for our services. We have helped hundreds of consumers fix inaccurate information on their credit reports, and we’re ready to help you, too. What Our Clients Say About UsAgruss Law Firm, LLC, has over 830 outstanding client reviews through Yotpo, an A+ BBB rating, and over 110 five-star reviews on Google. Here’s what some of our clients have to say about us: “Michael Agruss handled two settlements for me with great results and he handled them quickly. He also settled my sister’s case quickly and now her debt is clear. I highly recommend Michael.” “Agruss Law Firm was very helpful, they helped me solved my case regarding the unwanted calls. I would highly recommend them. Thank you very much Mike Agruss!” “Agruss Law Firm was very helpful to me and my veteran father! We were harassed daily and even called names for a loan that was worthless! Agruss stepped in and not only did they stop harassing, they stopped calling all together!! He even settled it so I was paid back for the problems they caused!” Can The Swiss Colony Sue Me?Yes, The Swiss Colony can sue you. The Swiss Colony can hire a lawyer to file a breach of contract lawsuit against you for the underlying debt, fees, and costs. If you’ve been sued by The Swiss Colony, do not ignore the lawsuit; you may have defenses. If you ignore the lawsuit, the default will be entered and the agency may seek to garnish your wages. If you receive notice of a lawsuit, contact an experienced attorney as soon as possible, even if you intend to represent yourself pro se. If The Swiss Colony has threatened to sue you, contact Agruss Law Firm as soon as possible; we’re here to help. Can The Swiss Colony Garnish My Wages?Yes, if The Swiss Colony has a judgment entered against you. If The Swiss Colony is currently garnishing your wages or threatening to do so, contact our office as soon as possible. The Swiss Colony SettlementIf you want to settle a debt with The Swiss Colony, ask yourself these questions first:
These are not the only things to consider when dealing with debt collectors. We are here to help you answer the questions above, and much more. Whether it’s harassment, settlement, pay-for-delete, or any other legal issue with The Swiss Colony, we at Agruss Law Firm are here to help you. Top Debt Collection ViolationsDebt collection laws provided a laundry list of what collectors can and cannot do while collecting a debt. Based on our years of experience handling thousands of debt collection harassment cases, here’s what collection agencies most often to do to violate the law.
Frequently Asked Questions
Share Your Complaints Against The Swiss Colony BelowWe encourage you to post your complaints about The Swiss Colony. Sharing your complaints against this agency can help other consumers understand what to do when this company starts calling. Sharing your experience may help someone else! HERE’S THE DEAL! If you are being harassed by The Swiss Colony over a debt, you may be entitled to money damages – up to $1,000 for harassment, and $500 – $1,500 for illegal robocalls. Under state and federal laws, we will help you based on a fee-shift provision and/or contingency fee, which means the debt collector pays your attorneys’ fees and costs. You won’t owe us a dime for our services. We have settled thousands of debt collection harassment cases, and we’re prepared to help you, too. Contact Agruss Law Firm at 888-572-0176 to stop the harassment once and for all. How long does it take Swiss colony to deliver?Standard Delivery* — usually arrives within 5-7 days, depending on your location. Expedited Delivery — add $12.99 per address. Expedited usually arrives in 3-5 business days.
Where is Swiss colony located?Tucked in the gently rolling hills of beautiful Monroe, Wisconsin, The Swiss Colony began in the entrepreneurial spirit of a young Ray Kubly.
Can I have the number for Swiss Colony?You can Email Us or you can reach us by telephone at our customer service number 866-212-5361.
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