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Home > Ask The Get Out of Debt Experts > I Went with Simon Bosch and NoteWorld and Don’t Have Enough Money to Settle. – Miguel

I Went with Simon Bosch and NoteWorld and Don’t Have Enough Money to Settle. – Miguel

“Dear Steve,

I sign up with Simon and Bosch in Sep last year .I have 29K in debt. The young lady said the would keep the first 2 payments of 378.00 for charges and the rest will accumulate in Noteworld. A law firm call me yesterday of one of my debtors and the said they will settle 7900.00 debt for 2,600.00.

And that Simon and Bosch just charges alot each month and do nothing for negotiations. I checked Noteworld and all I had was 800.00 in the account. Noteworld charges 45.00 monthly and the law firm 180.00 a month. I could have had enough to pay off this creditor that called. He sugessted to call bank and stop withdrawels from bank. is there anything else I can do. I live in Tampa Florida.

Miguel”

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The Answer

Dear Miguel,

So you’ve paid in about $3,780 dollars and all there is in only $800 in your NoteWorld account. I’m not at all surprised.

It is my understanding that Simon Bocksch is an upfront fee debt settlement company where they take their fee out of the initial money you deposit. In the meantime these upfront fee companies are unable to settle debts since insufficient funds have accumulated in your NoteWorld account. The result, you get sued or as you discovered, little work is done on your account until the majority of the fees are collected.

If you feel you’ve been mislead, you should read this other article where I talk about what to do. See item #5 in my list near the bottom.

Your situation is both tragic and typical. There are debt settlement companies that don’t charge upfront fees but instead charge based on actually settling debts. It’s just too bad you didn’t find one of those companies first.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

Big Hug!

I Went with Simon Bosch and NoteWorld and Dont Have Enough Money to Settle.   Miguel
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I Went with Simon Bosch and NoteWorld and Don't Have Enough Money to Settle. - Miguel by

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Steve Rhode

    It might be helpful to review past articles on them here.

  • christa

    I also went to Debt Answer-Simon and Bosch, I was with them for over a year and only settled one of my account and I was the one who calls and begged them to call my creditors. Curse be on these people
    they are scum of the earth. They take advantages of people who are trying to get out of debts and they are like leeches that would sucks all your blood to get all your money. You work hard and try to settle your account thinking these people would help you and your creditors, instead I am more knee deeps in debts due to interest accumulated during all the months thinking Simon and Bosch is settling my account. I am paying $589.00 to Note World and now will have to stop it since I am not getting any benefits> I could have paid off my creditors all this time.,

    They trying to transfer me to Llyd Ward and associates, I think this is another scum agency. Can you help to give me more information about this law firm? Thanks.

  • christa

    I also went to Debt Answer-Simon and Bosch, I was with them for over a year and only settled one of my account and I was the one who calls and begged them to call my creditors. Curse be on these people
    they are scum of the earth. They take advantages of people who are trying to get out of debts and they are like leeches that would sucks all your blood to get all your money. You work hard and try to settle your account thinking these people would help you and your creditors, instead I am more knee deeps in debts due to interest accumulated during all the months thinking Simon and Bosch is settling my account. I am paying $589.00 to Note World and now will have to stop it since I am not getting any benefits> I could have paid off my creditors all this time.,

    They trying to transfer me to Llyd Ward and associates, I think this is another scum agency. Can you help to give me more information about this law firm? Thanks.

    • http://GetOutOfDebt.org Steve Rhode

      It might be helpful to review past articles on them here.

  • Dinah

    My son graduated from college but could not find a job so I transferred some of his high interest credits to my 0% interest credit cards. Then painfully found out later that the interest rates had shoot up to 29% making it hard to catch up with the payments. We had other financial crisis worsened by my husband losing his job. In March of 2009 I signed up with Freedom Debt Relief which became Express Debt Settlement. I was sending my payments to Noteworld and Simon & Bosch was the law firm handling my debt settlement. For the last 20 months I had sent a total of $17,434.90. I had been sued by one of my creditors last April which ended up with a wage garnishment because I was told I did not have enough funds to pay my creditor. With that particular credit card I only originally owed $2,000.00 plus but ended up paying $3,000.00 plus. Now I am trying to get my money back since all my other credit cards have started filing lawsuits. Mr. Jon Simon did not do anything for me. I had to face the court myself and wrote letters to the court and the credit card lawyers in order for the wage garnishment to stop. I am so ashamed of myself for being so gullible. Now Mr. Jon Simon claims their firm did not get any of the “up-front fee”. He kept telling me to talk to Express Debt but Express Debt had been ignoring me. Does this means goodbye to my hard earned money and hello bankruptcy?

  • Dinah

    My son graduated from college but could not find a job so I transferred some of his high interest credits to my 0% interest credit cards. Then painfully found out later that the interest rates had shoot up to 29% making it hard to catch up with the payments. We had other financial crisis worsened by my husband losing his job. In March of 2009 I signed up with Freedom Debt Relief which became Express Debt Settlement. I was sending my payments to Noteworld and Simon & Bosch was the law firm handling my debt settlement. For the last 20 months I had sent a total of $17,434.90. I had been sued by one of my creditors last April which ended up with a wage garnishment because I was told I did not have enough funds to pay my creditor. With that particular credit card I only originally owed $2,000.00 plus but ended up paying $3,000.00 plus. Now I am trying to get my money back since all my other credit cards have started filing lawsuits. Mr. Jon Simon did not do anything for me. I had to face the court myself and wrote letters to the court and the credit card lawyers in order for the wage garnishment to stop. I am so ashamed of myself for being so gullible. Now Mr. Jon Simon claims their firm did not get any of the “up-front fee”. He kept telling me to talk to Express Debt but Express Debt had been ignoring me. Does this means goodbye to my hard earned money and hello bankruptcy?

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