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Negotiations Department

Negotiations Department Reports & Reviews – Page 4 (154)

I received a SCAM letter on August 11,2021 that had the following information:

Scammer's phone 800-983-4057
Scammer's website none listed
Scammer's address None Listed
Scammer's email None Listed
Country United States
Type of a scam Credit Repair/Debt Relief
Initial means of contact Postal mail

Received a letter that I see others have reported. Saying: Our firm recently settled accounts with: Bank of America, Citibank, JP Morgan Chase, Wells Fargo, American Express, Capital One, Discover, HSBC, Target, GE Money. If you have an account with these or other Lenders, you may be entitled to a settlement of your outstanding balance.

Est Creditor Balances: $20,000.00
Est. Settlement amount: $9,000.00
Proposed Program Payment: $250
Program Terms: 12-36 months

Also, see attached image.
Photo 1 proof in review #16321983 about Negotiations Department

+46

Received a letter that I see others have reported. Saying: Our firm recently settled accounts with: Bank of America, Citibank, JP Morgan Chase, Wells Fargo, American Express, Capital One, Discover, HSBC, Target, GE Money. If you have an account with these or other Lenders, you may be entitled to a settlement of your outstanding balance.

Est Creditor Balances: $20,000.00
Est. Settlement amount: $9,000.00
Proposed Program Payment: $250
Program Terms: 12-36 months

+27

Received this letter and did a little research. Can confirm it is from "Start New Financial" in Grand Rapids, Michigan.

+19
- Hayesville, NC, USA

I received a threatening letter with no company name, address, or email address on it. All it said was "Negotiations Department". It had a list of ten credit companies and accused me of having an outstanding balance that was in arrears. I have never had a credit card or loan from any of the companies listed and have no late debt. I confirmed this by checking my accounts with all three credit bureaus. The letter states they will continue to add interest and penalties until I set up a payment plan. This company(?), scammer, or fraud needs shut down, charged, and jailed.

+11

Just Received this same letter that is mentioned in the other comments... Red Flag #1 each of the listed financial institutions are separate entities who have their own processes for debt collections. Red Flag #2 there is no company name on the letter or the envelope itself indicating who they are and where they are located. #3 They don't list actual debt amounts, only an example. #4 Red Flag I have no debt. Please beware of this scam!

+14

They're claiming to give a credit settlement for Wells Fargo, Bank of America, Capital One, American Express. If you owe $20,000, they will give you a estimated $9,000 settlement. You're instructed to contact their offices at (800) 983-4057 within 10 days of receiving this notice (Notice was sent 20210715) regarding the adjustments of your credit accounts. NO BUSINESS ADDRESS, NO WEBSITE, OR EMAIL ADDRESS!

+15

I have received the very same letter. No return address, no company name and contact phone number is 888-674-0441, very sketchy, dishonest and disreputable. This is a SCAM. Do not respond. It may sound legit at first, but it is NOT! Do not fall for these scammers.

Letter content:

Please contact our offices at 888-674-0441 within 10 days of receiving this notice regarding the adjustments of your credit accounts.

Bank of America, Citibank, JP Morgan Chase, Wells Fargo, American Express, Capital One, Discover, HSBC, Target, GE Money. If you have an account with these or other Lenders, you may be entitled to a settlement of your outstanding balance.

And so on and so forth...

+6

Wrong

Sent me a letter saying that if I have any cards with Wells Fargo, Discover, etc. that I need to call within ten days because they are illegally charging me high rates. If I don’t call in 10 days I will face fees and higher rates. I am also entitled to a settlement with these lenders according to the letter. There is no business name or address on the letter and only a phone number and Notice ID number. I immediately threw away the letter and ignored it. Definitely a scam.

+5

On 7-6-2021 I just received a 'Negotiations Department' letter advising of the offer of a 'credit Settlement' and to contact offices at '800-983-4057 within 10 days of receiving this notice dated '6/24/2021'.

the letter ends in a 'Program Example', etc.

and there is a reference number at the bottom left of the letter.

I am NOT going to respond! My debts are all current and there is no need for any Negotiations Department!!! Don't fall for this scam!!!

Southern California High Desert region is my location.

+17

I just received the same letter! If you guys read the message at the bottoms of the letter with the asterisk it says, “We are not a lender, creditor, or COLLECTOR. Any person can opt out by calling the above number.”

This is just a scam. People looking to make money off you and they’re not looking to help you. Don’t call for this!
Photo 1 proof in review #16277649 about Negotiations Department

+17
- Nashville, TN, USA

The information reads: Please contact our offices at 888-674-0441 within 10 days of receiving this notice regarding the adjustment of your credit accounts. Bank of America, Citi Bank, JP Morgan Chase, Wells Fargo, American Express, Capital One, Discover, HSBC, Target, GE Money. If you have an account with these or other Lenders, you may be entitled to a settlement of your outstanding balance.

It warns of failure to respond and making your minimum payment will likely result in interest accruing on unsecured credit balences at an unreasonable rate. Adding, ("In addition, penalties may accrue in the event of unpaid obligations.)"

I DID NOT CALL!

+10
- Irvine, CA, USA

This mail came to me and seemed legitimate. The top has many common bank or credit card companies so it must relate to a wide number of recipients. They don’t provide any means of contact except for a phone number which was the first red flag. Second red flag was the fact that no business name was listed. The top only says Negotiations Department. Third, they provide an aggressive 10 day response period. This is listed twice in the letter, both times conveniently located right next to the provided phone number, in the same sentence. Lastly, they again list a bunch of credit card companies in the letter saying they have settled with all the companies before. The claims it makes are fictitious claiming that credit cards can be cut by half the stated balance. I did not redact the credit balance because 1) that does not reflect my credit card balance and is instead a generic number this scammer uses as part of their scheme and 2) to showcase the false claims of 55% credit card balance reduction using their help. And lastly, they put an aggressive **Failure to Respond** notice on the letter to prompt swift action. Would not be surprised if another tactic they use is dating the letter earlier than when they send it giving less time for respondents to take action before losing such a great deal, or so it may seem. I received this letter on 6/8 but the letter is dated 5/27, nearly 10 business days prior to receiving the letter. I don’t think this is a coincidence. Doing a quick Google search you can find that a standard piece of mail, according to jampaper.com, 94% takes 3 days to deliver. Clearly all of the listed factors in the letter points to a scam.

+9

Received the same letter. I called to figure out if they’re doing something illegal. I asked the guy who answered how I was targeted and he said because I have some accounts with the banks mentioned or I have accounts with high interest rates. Then he asked, “does this sound like your situation?” I said, “Hmmmm, without an authorization from me to check my credit?” He replied that the letter is from the “credit bureau”. I asked what “credit bureau” and he said, Experian. I think Experian might want to know this that they’re holding themselves out as agents of Experian. I asked him the name of their company and he said Advocate in Grand Rapids, MI.

+7

The envelope has no return address. The letter head reads RE: Discover, Wells Fargo, B of A, Capital One, American Express.

The letter also reads if you have an account with any of these or other lenders , you may be entitled to a settlement. If this was legitimate they wouldn't have to ask which of these accounts you had. I called the number on the letter and got the voicemail. I listened to it all and at the end of it, it says you will be receiving a call back from a 616 area code. Why not the 800 number??? Please don't fall for this scam.

+6

MAY 25, 2021
My wife received this letter with no return address or company contact information from the "Negotiations Department" - The letter is clearly a SCAM, they used phone # 800-953-6513. I too I'm worried that it is targeted at people who DON'T SPEAK English well ("se habla espanol" appears twice) or ELDERLY/vulnerable populations. It calls itself a "notice" and contains pressuring language (contact within 10 days, **failure to respond**, etc.). It is not acceptable for people's privacy, credit information, etc. to be preyed on like this.

--------------------------------------------------------------------------------... />
Mi esposa recibió esta carta sin dirección de devolución ni información de contacto de la empresa del "Departamento de Negociaciones". La carta es claramente una estafa, usaron el número de teléfono 800-953-6513. A mí también me preocupa que esté dirigido a personas que no hablan bien inglés ("se habla español" aparece dos veces) o personas mayores / vulnerables. Se llama a sí mismo un "aviso" y contiene un lenguaje presionante (contacto dentro de los 10 días, ** falta de respuesta **, etc.). No es aceptable que la privacidad, la información crediticia, etc. de las personas sean víctimas de este tipo.

+4

I received this exact same letter with the same exact amounts as other people that have posted...This is a SCAM! The number says to call 888-674-0443..

+4

Got the same letter with same phone number. It references nothing, other than several banks I don’t use and that if I don’t call them they threaten interest on some un referenced debt. I won’t call the number because who knows what kind of phone scams that’ll spark in my phone number. I’ve had a significant number of phone calls and text messages already that are scams and don’t know how these people get my number.
Photo 1 proof in review #16215962 about Negotiations Department

+17

This letter claims it’s from negotiation department but no address, name or email address. It is saying that the recipient of the letter may be eligible for a settlement of the outstanding balance from credit card companies such as Wells Fargo, B of A etc
Photo 1 proof in review #16214580 about Negotiations Department

+7

I received a letter in the mail from negotiations department, no mailing address for the company. Letter is very vague listing multiple companies: Bank of America, Citibank, JP Morgan Chase, Wells Fargo, American Express, capital one, Discover, HSBC, target and GE money. I don’t have any outstanding debt. The letter provides a program example of creditor balances, estimated settlement amount, program payment per month and length terms.
Photo 1 proof in review #16197963 about Negotiations Department

+25

I received a letter on April 2021, that says RE: Discover, Wells Fargo, Bank of America, Capital One, American Express. Negotiations Department. Please contact our offices at 800-764-8879 within 10 days of receiving this notice regarding the adjustments of your credits accounts. Bank of America, Citibank, Jp Morgan Chase, Wells Fargo, American Express, Capital One, Discover, HSBC, Target, GE Money. If you have an account with these or other Lenders, you may be entitled to a settlement to a settlement of your outstanding balance. This was a complete scam

+20
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