All of us regulars on this board who answer questions constantly try to warn people about the dangers of debt settlement firms. Your creditors have no obligation to settle over defaulted payments and it’s perfectly within their right to take you to court. Contact the debt settlement firm and see if there is any [...] [...more]
I would pay off all the debt, and leave the settlement company out of it. The reason I say that is, if you settled for much less than the amounts owed, sooner or later, you are going to get a 1099 from them reporting what they let you off for, as unearned income, and you [...] [...more]
Run and run away fast from settlement or negotiation companies. You are essentially paying them thousands for something you can easily do yourself with a good book from your bookstore or library on debt / credit repair. There is nothing these companies do, that is not common knowledge. They allow your bills to go unpaid even longer. This RUINS [...] [...more]
Makes no difference which one you pick. Even the few that are not pure scams are a waste of money. If this debt hasn’t been charged off yet, consider a NFCC credit counseling service: http://www.nfcc.org/. These are legit, non-profit companies that offer debt management programs for a nominal fee. They negotiate lower interest [...] [...more]
Debt settlement by itself is shady and risky…regardless of what company you might use. When you sign up with a debt consolidation firm, the program involves deliberately ceasing payments to all your creditors to force your accounts into default to attempt settlements for less. You pay a monthly fee to a debt consolidator….this entire fee [...] [...more]
When you sign up with a debt settlement firm, the program involves deliberately ceasing payments to all your creditors to force your accounts into default to attempt settlements for less. You pay a monthly fee to a debt consolidator….this entire fee goes towards building a settlement account and to the consolidator’s fees to “settle†your [...] [...more]
Why pay someone else something you can do on your own? Run a credit report then identify the ones you have the cash to pay off today and contact them and let them know you are ready to settle. Depending on the length of time you can negotiate them down. They say you owe $600 but [...] [...more]
You can do it yourself, but It can be hard. The settlement companies worth with attorneys that are experienced in settling. I work for a debt settlement company. I can help you settle it. We make our money by charging the actual company, not you. We negotiate with the creditors in bulk, with millions of [...] [...more]
10 reasons why you should use a debt settlement company: 1. Debt settlement companies have proven strategies and tactics that enable them to negotiate to lower amounts than you would be able to on your own. 2. Your creditors are not going to settle with you until you have a [...] [...more]
~~I have not heard of one success story from a debt settlement company. If you do want to try one, go to www.hud.gov These are free to use, the pat to use ones I have heard about have just ripped people off, and not helped in the credit settlement. Try it yourself first, of you can't get [...] [...more]
