Business ProfileforSystems & Services Technologies

Malicious predatory method. The bought a company called Tally that went out of business that was a program that assisted you to get out debt. It provided 3 things: 1. LOW INTEREST 2. PAID ON MINIMUM Payment so what you added paid was the principle 3. I assisted in allocating your payments. It was a great tool to pay off the debt. Tally goes out of business and anything on their records went to SST. SST jacks up the interest rate and doubles it!!.. but its not a default collection on debt!! It was a sign up program to help clear debt and pay it off. Sneaky tactic and class action should be taken into account. The Minnesota Attorney General Office as well as the Department Commerce was notified and I got this back: Tally ceased operations in early September 2024. As such, all open Tally accounts were transferred to SST for servicing purposes. Prior to transfer, Tally notified its customers of the cessation of operations and converted all open accounts into amortized loans at the rate as of transfer per the above referenced contractual terms. Mr. G_____’s balance at the time of transfer was $3,203.52 with a fixed interest rate of 16.99%. The amortized payment over a five-year period is $79.60. SST has no authority to reduce Mr. G_______’s interest to 7.99% as requested. As noted, his rate is now fixed at 16.99% - which is based on the Market Rate of 8.5% as of the day of transfer plus the 8.49% Margin he agreed to.