I live in Arkansas and I have been sent a letter by an Insurance Company I used to work sales for. After being told nothing but lies about the income I'd make in just 3 years, (promising me six figures "Guaranteed") I signed with them after shelling out a few hundred dollars for my Life and Health license. Both my Regional and District Managers were convinced that I should buy a policy. They assured me that I would never be billed for the policy and that I would be paid commission for selling myself, to give me some start up money. After months of cold calling and finally realising that I had spent thousands just to make a few hundred, I told them I had no intrest in working for them or keeping their products as the policy was too specific as to what had to happen in order for them to pay out. Here I am one year and a half later and I recive this letter (some of it's edited for confidentiality reasons only)
Re: Settlement Proposal
Account No. *****
Mr. *******,
You have a balance owed to ***** in the ammount of $***.**. We are prepared to make a one-time settlement offer that will significantly reduce your balance.
In order to discuss a settlement arrangement, call ***********, within three business days of recipt of the letter. This is your final opportunity to resolve this matter directly with *****.
_________________________________________________________________________
My question is that I was told I wouldn't be billed, as though this was a benifeit of working for this company where I was paid only by commission. Basically I would like to know what I can expect, as I fear that calling the number is a blatant admission of guilt and I don't feel as though I owe them these funds. I'm now a student at College and have no job, so would they go after my wife's wages or after our taxes? Thanks for any help.
Re: Settlement Proposal
Account No. *****
Mr. *******,
You have a balance owed to ***** in the ammount of $***.**. We are prepared to make a one-time settlement offer that will significantly reduce your balance.
In order to discuss a settlement arrangement, call ***********, within three business days of recipt of the letter. This is your final opportunity to resolve this matter directly with *****.
_________________________________________________________________________
My question is that I was told I wouldn't be billed, as though this was a benifeit of working for this company where I was paid only by commission. Basically I would like to know what I can expect, as I fear that calling the number is a blatant admission of guilt and I don't feel as though I owe them these funds. I'm now a student at College and have no job, so would they go after my wife's wages or after our taxes? Thanks for any help.
