Latest Posts
Home > Debt Articles > If Your Debt Settlement Has Recently Failed These Companies Are Offering You Help at a Very Low Cost.

If Your Debt Settlement Has Recently Failed These Companies Are Offering You Help at a Very Low Cost.

Consumers that have found themselves facing a difficult time because their debt settlement company has gone out of business or filed bankruptcy, the debt settlement companies below are offer a life raft to help.

The companies below have indicated to me they are willing to take on a limited number of consumers who have the cash-on-hand to settle their accounts but have just been dropped by their old debt settlement company.

These companies have agreed to settle accounts for a flat rate of $199 per account as a public service to those consumers that have been displaced by a debt settlement company closure.

This is a very generous offer and the companies below are doing this because they care.

Keep in mind they will have to limit the consumers they can help in this program. There will be restrictions. If a company is no longer taking on clients in this program, call another one. You may need

Also, please provide feedback in the comments if you have a positive or negative experience with a participating company.

If you are looking additional low cost help in resolving your debt, look at the free DIY Debt Help section of this site.

If Your Debt Settlement Has Recently Failed These Companies Are Offering You Help at a Very Low Cost.
Get Out of Debt Guy – Twitter, G+, Facebook

Debt Settlement Life Raft Companies

The companies below have agreed to help abandoned consumers at a deeply reduced flat rate. The links will take you to their AACC member page or a Google search so you can learn more about each company.

Share This and Spread the Word

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.
  • Illinois Lemon Law

    it is good information to use to get an understanding of the types of
    things the creditor may do to assist you when working directly with
    them to create a repayment plan you can afford.

  • SeanDSLegalPlan

    Well- They say are approved for 70% but are worried about FICO. Seems they would accept 100%-
    I agree they may not have the ability to get 100% of the $; It was just a thought.

  • Anon|nonA

    uhhh – yeah – what if you can’t get approved for 100% of the balance owed? (and don’t tell me that just b/c someone gets approved for a loan amount enabling them to pay 70%, they would automatically be approved for an amount allowing them to pay 100%).

  • SeanDSLegalPlan

    If you can borrow the funds to pay 70 & 75% settlements, Why not borrow enough to pay them in full?

  • AlCapone

    I would consult an attorney- in your country.

  • Mahzaf123

    Hi,

    I would like to know that i have taken a loan in a bank for the period of 6 years and paid for 3 years and remaining period is not paid for amount of 108,000 AED. currently i am other GCC country.

    Is it any problem to leave the country

  • Mahzaf123

    Hi,

    I would like to know that i have taken a loan in a bank for the period of 6 years and paid for 3 years and remaining period is not paid for amount of 108,000 AED. currently i am other GCC country.

    Is it any problem to leave the country

    • AlCapone

      I would consult an attorney- in your country.

  • Raisione

    Is debt settlement or payoff better for my credit? A friend is willing to loan me money to help with my debt so that I can pull my credit rating up. I am about 60-90 day behind in payments and the credit card companies are asking me if I want to settle. One for half off, another for twenty-five percent off and one for thirty percent off the original amount. I want to build my FICO score. Will I be making a mistake by settling my debts?

  • Raisione

    Is debt settlement or payoff better for my credit? A friend is willing to loan me money to help with my debt so that I can pull my credit rating up. I am about 60-90 day behind in payments and the credit card companies are asking me if I want to settle. One for half off, another for twenty-five percent off and one for thirty percent off the original amount. I want to build my FICO score. Will I be making a mistake by settling my debts?

    • Anonymous

      If you can borrow the funds to pay 70 & 75% settlements, Why not borrow enough to pay them in full?

      • Anon|nonA

        uhhh – yeah – what if you can’t get approved for 100% of the balance owed? (and don’t tell me that just b/c someone gets approved for a loan amount enabling them to pay 70%, they would automatically be approved for an amount allowing them to pay 100%).

      • Anonymous

        Well- They say are approved for 70% but are worried about FICO. Seems they would accept 100%-
        I agree they may not have the ability to get 100% of the $; It was just a thought.

  • DivideAndConcur

    I concur… And if you can ride it out, you can make a decent living with performance based fees. Loopholing makes NO sense.

  • GoAway

    Many thanks for adding Robo-Comment to all Blog Site. I find it excellent to be updating on ideal internet.

  • Really

    “insert cheesy plug here”

  • Queenpres

    SettleFirst.com doesn’t think the industry is dead… and they don’t charge a penny up front.

  • Queenpres

    SettleFirst.com doesn’t think the industry is dead… and they don’t charge a penny up front.

    • Really

      “insert cheesy plug here”

    • DivideAndConcur

      I concur… And if you can ride it out, you can make a decent living with performance based fees. Loopholing makes NO sense.

  • Manufactured Homes

    Many thanks for making the effort to talk about this, I feel strongly regarding it and love learning on this topic. If at all possible, as you gain expertise, could you mind updating your site with extra information? It’s very ideal for me.

  • http://www.modularhomesnetwork.com/ Manufactured Homes

    Many thanks for making the effort to talk about this, I feel strongly regarding it and love learning on this topic. If at all possible, as you gain expertise, could you mind updating your site with extra information? It’s very ideal for me.

  • sunglassess hut

    Even though you enter the sunglasses hut is occasional, but you must love their oakley glasses.Here we provide you a wide selection of oakley sunglasses, it’s a Professional sunglasses wholesale website.

  • Mike Reilly

    Matt, my best advice to you is;

    If you’re opening up your own gig don’t sell yourself short like many in this industry have, go find yourself a knowledgeable attorney.

    Do your research from a state and federal level, do a lot of “what if” thinking, insurance, bonding and licensure is what many in our space have turned a blind eye too. Do not rely on third party lead providers, most if not all will just take your money. Internal lead development is the highest quality option your money can buy, it take innovative thinking and batch testing. Keep your nose to the grindstone and always fly straight. Aside from that stay focused on helping the consumers you engage and always have a backup plan for them in the event you find this is not for you. Oh, and one other thing, be prepared to burn lots of cash in the beginning.

    Just a quick story on licensure; When my partners and I opened EA we call the NYS Department of Licensing to inquire about the NYS telemarketing license and all the bonding requirements. To our surprise after explaining what we do and how we planned to do it, we were told we didn’t need one, we were told no one in our industry had one! The state said we could get one if we wanted, needless to say we have it and others.

    If your plan is to work with others, the only thing I stated above that does not apply is the “be prepared to burn lots of cash in the beginning” statement. Make sure the group you engages meets all the other requirements.

    IAPDA is good basic knowledge, get a hold of Matt at Mstars for his training mods, its a requirement in my facility.

    When people wish you luck, tell them, luck is for lottery players, this is all about skill!

    Michael Reilly CDS/CCCS
    Emerge America

  • Matt_thein

    hi mike im just getting started in the debt counseling service and you seem to have your priorities straight.i am currently taking the iapda certificate exam and would appreciate any avice and counseling you could give me on being an upstanding part of this biz.all the while making money.much thanks matt

  • Anisa Sharif

    Mike and Andy, I definitely do not disagree with the points you have made. I also come to work everyday with the ambition to make money and provide for my family, while providing an honest  service to all of my clients.
    I do on the other hand think it’s crucial for companies to  step up and help clear the stigma that is associated with debt agencies. I feel that the FTC needs to see agencies are willing to take a nose dive in revenue to prove an imperative point, which is that we do care about our clients well-being and not just the revenue. With that being said, I believe there should be indefinite restrictions on this plan to make it work.

    We previously offered a similar program to the “Life Raft” our qualifications were as follows:

    1. All funds must be available
    2. Provide proof of past debt settlement agencies contract
    3. Proof of lost funds exceeding $200

    Steve did mention companies had the right to stop taking in clients for the Life Raft Program at any point. If that means 1,000 clients or even one client for you, it shows some commitment to the FTC.

  • Steve Rhode

    Done.

  • Anisa Sharif

    Yes.

  • Mike Reilly

    Come on Steve, give us a direct link..it takes 2 seconds. If I looked at this as a consumer I would bypass a google link. If we’re all here to help, let’s do this!

  • Steve Rhode

    I was only linking to AACC member pages and not sites directly. What I can do is just link to google for other companies so consumer can check them out that way.

  • Mike Reilly

    Hey Steve, for the benefit of the consumer and ease of contact, can you provide a link to the Silverleaf and Emerge sites?

  • Mike Reilly

    I hear you Andy, it all makes perfect sense. Let’s hope the raft and limited participants (if needed) is not full of holes.

  • Steve Rhode

    This s why the specifications for the project were very tight. It’s not designed for people that just started but for those with cash in hand to settle today that got left at the finish line.

  • Andy Faria

    Mike, I know what your getting at with this and I feel the same way on many points.

    I’ll be the first to admit that when I wake up in the morning, I’m a business man first. As a business man my job is to run a productive business that makes money. Without money my business can’t run. Without money I can’t provide the type of service that I feel people deserve. Make no mistakes about it, we’re all here to earn a living.

    If you think about this from a consumers perspective, you want a company working for you that is financially stable. If a company is stable than they will have the means to implement systems, manpower, and an overall structure that will provide the best experience and value for the consumer. Simply put, if a business isn’t making cash, than the clients suffer with it.

    As a business-man I couldn’t get onboard with the ‘life raft project’ and there are a few reasons why:

    The first, and most important, is my current clients. What will my current clients (that I charge 20% of savings) think when they learn that the account I charged them $600 to settle, I am only charging $199 for these other people?

    And then my next question is… How much time will this take away from my current clients? Because let’s face it, if someone is calling on one of these ‘life raft’ accounts, they’re not calling on someone else’s. The time has to come from somewhere.

    And then I get to thinking about where to draw the line. Now this is a hard question to answer. What happens if someone calls up and they have been in a debt settlement program for 2 months and lost five-six hundred bucks? Yes, this consumer was a victim, but do you settle their remaining $85k spread over 14 accounts for $199 a whack? I understand that this may be an extreme example, but again, where is that line drawn?

    Now with all that said, I can respect what all you guys (and girls, hi Anisa) are doing here, and I mean no disrespect for what you’re trying to do. I guess this is just my long winded way of saying I agree with Mike but the ‘life raft project’ …. not so much.

  • Mike Reilly

    Anisa, most everyone here I’m sure would like to be perceived by their peers and the public as consumer advocates and that we probably enjoy or get a big kick out of helping consumers work through their debt issues. I will also go out on a limb (without checking out your business, or what you do) and say; if your pay check stopped coming in each month or your for/not-for profit company revenues moved south for an extended vacation, how long would any of us do what we do?

    Are we all really in this industry for the benefit of helping consumers? I’m not saying this to be mean, though it may come off like that, It’s clear not everyone is or was, so let’s explore that question, shall we?

    I say this to everyone including consumers who call my facility; this is the truth, straight from one horse’s mouth!

    1. Every business owner here (including the site owner) (including myself) entered this industry or profession to make money, for-profit, not for profit, coaches, DIY… we’re all alike. Unless someone would like to step forward and tell me their just here volunteering their time for the good of mankind, speak now or forever hold your peace.

    2. Every non business owner that spends time here indicating at one point or another they are professionals in the industry, are in the industry to make money, period.

    3. Consumers who engage the services of one of the above named, for the most part, understand where they are in life (hard to ignore the signs) why they are.. where they are, why they need to engage the type of service we as professionals offer, and for the most part, what they signed up for contractually. Yes every industry/service has its bad guys, tricksters, contract writer’s sales sharks…etc. Name one that doesn’t.

    I wake up every day and go to work for three reasons; I will provide them for you in my order of importance;

    My responsibility… To build my business/career and provide for my family (just the mindset my clients should have).

    My chosen career path… To help people facing financial trouble and become part of a major transformation, whether that’s through my words or actions. If it works out that it’s one consumer at a time, so be it.

    How I keep it running… To teach, nurture and empower the people who join my daily quest of helping fellow Americans in need.

    That in my humble opinion is the straight talk consumers need to hear and exactly what they get when they contact Emerge America or vice versa, with a little splash of compassion of course.

    Happy Saint Patrick’s Day

    Michael Reilly
    Emerge America

  • Steve Rhode

    Do you want me to add you to the company list taking on these clients?

  • Anisa Sharif

    It’s funny you came up with $199 because that is actually what we already charge consumers who have been displaced by another company but have reserves ready to pay off the negotiated offer. Any client who does not have the reserves and needs to be put on a payment plan, receives 50% off our fees. This Life Raft Program will really help our industry build trust back into clients who were scammed by those companies that got into the industry for the wrong reason. It’ll take time to clean up the debt relief industry, but if all the companies, who are in this industry for the benefit of helping their clients, do something to help out we can as a whole show the FTC the better side of the industry.

  • http://www.pcsdebtrelief.com Anisa Sharif

    It’s funny you came up with $199 because that is actually what we already charge consumers who have been displaced by another company but have reserves ready to pay off the negotiated offer. Any client who does not have the reserves and needs to be put on a payment plan, receives 50% off our fees. This Life Raft Program will really help our industry build trust back into clients who were scammed by those companies that got into the industry for the wrong reason. It’ll take time to clean up the debt relief industry, but if all the companies, who are in this industry for the benefit of helping their clients, do something to help out we can as a whole show the FTC the better side of the industry.

    • http://GetOutOfDebt.org Steve Rhode

      Do you want me to add you to the company list taking on these clients?

      • http://www.pcsdebtrelief.com Anisa Sharif

        Yes.

      • http://GetOutOfDebt.org Steve Rhode

        Done.

    • Mike Reilly

      Anisa, most everyone here I’m sure would like to be perceived by their peers and the public as consumer advocates and that we probably enjoy or get a big kick out of helping consumers work through their debt issues. I will also go out on a limb (without checking out your business, or what you do) and say; if your pay check stopped coming in each month or your for/not-for profit company revenues moved south for an extended vacation, how long would any of us do what we do?

      Are we all really in this industry for the benefit of helping consumers? I’m not saying this to be mean, though it may come off like that, It’s clear not everyone is or was, so let’s explore that question, shall we?

      I say this to everyone including consumers who call my facility; this is the truth, straight from one horse’s mouth!

      1. Every business owner here (including the site owner) (including myself) entered this industry or profession to make money, for-profit, not for profit, coaches, DIY… we’re all alike. Unless someone would like to step forward and tell me their just here volunteering their time for the good of mankind, speak now or forever hold your peace.

      2. Every non business owner that spends time here indicating at one point or another they are professionals in the industry, are in the industry to make money, period.

      3. Consumers who engage the services of one of the above named, for the most part, understand where they are in life (hard to ignore the signs) why they are.. where they are, why they need to engage the type of service we as professionals offer, and for the most part, what they signed up for contractually. Yes every industry/service has its bad guys, tricksters, contract writer’s sales sharks…etc. Name one that doesn’t.

      I wake up every day and go to work for three reasons; I will provide them for you in my order of importance;

      My responsibility… To build my business/career and provide for my family (just the mindset my clients should have).

      My chosen career path… To help people facing financial trouble and become part of a major transformation, whether that’s through my words or actions. If it works out that it’s one consumer at a time, so be it.

      How I keep it running… To teach, nurture and empower the people who join my daily quest of helping fellow Americans in need.

      That in my humble opinion is the straight talk consumers need to hear and exactly what they get when they contact Emerge America or vice versa, with a little splash of compassion of course.

      Happy Saint Patrick’s Day

      Michael Reilly
      Emerge America

      • http://northeast-properties.com Andy Faria

        Mike, I know what your getting at with this and I feel the same way on many points.

        I’ll be the first to admit that when I wake up in the morning, I’m a business man first. As a business man my job is to run a productive business that makes money. Without money my business can’t run. Without money I can’t provide the type of service that I feel people deserve. Make no mistakes about it, we’re all here to earn a living.

        If you think about this from a consumers perspective, you want a company working for you that is financially stable. If a company is stable than they will have the means to implement systems, manpower, and an overall structure that will provide the best experience and value for the consumer. Simply put, if a business isn’t making cash, than the clients suffer with it.

        As a business-man I couldn’t get onboard with the ‘life raft project’ and there are a few reasons why:

        The first, and most important, is my current clients. What will my current clients (that I charge 20% of savings) think when they learn that the account I charged them $600 to settle, I am only charging $199 for these other people?

        And then my next question is… How much time will this take away from my current clients? Because let’s face it, if someone is calling on one of these ‘life raft’ accounts, they’re not calling on someone else’s. The time has to come from somewhere.

        And then I get to thinking about where to draw the line. Now this is a hard question to answer. What happens if someone calls up and they have been in a debt settlement program for 2 months and lost five-six hundred bucks? Yes, this consumer was a victim, but do you settle their remaining $85k spread over 14 accounts for $199 a whack? I understand that this may be an extreme example, but again, where is that line drawn?

        Now with all that said, I can respect what all you guys (and girls, hi Anisa) are doing here, and I mean no disrespect for what you’re trying to do. I guess this is just my long winded way of saying I agree with Mike but the ‘life raft project’ …. not so much.

      • http://GetOutOfDebt.org Steve Rhode

        This s why the specifications for the project were very tight. It’s not designed for people that just started but for those with cash in hand to settle today that got left at the finish line.

      • Mike Reilly

        Hey Steve, for the benefit of the consumer and ease of contact, can you provide a link to the Silverleaf and Emerge sites?

      • http://GetOutOfDebt.org Steve Rhode

        I was only linking to AACC member pages and not sites directly. What I can do is just link to google for other companies so consumer can check them out that way.

      • Mike Reilly

        Come on Steve, give us a direct link..it takes 2 seconds. If I looked at this as a consumer I would bypass a google link. If we’re all here to help, let’s do this!

      • Matt_thein

        hi mike im just getting started in the debt counseling service and you seem to have your priorities straight.i am currently taking the iapda certificate exam and would appreciate any avice and counseling you could give me on being an upstanding part of this biz.all the while making money.much thanks matt

      • Mike Reilly

        Matt, my best advice to you is;

        If you’re opening up your own gig don’t sell yourself short like many in this industry have, go find yourself a knowledgeable attorney.

        Do your research from a state and federal level, do a lot of “what if” thinking, insurance, bonding and licensure is what many in our space have turned a blind eye too. Do not rely on third party lead providers, most if not all will just take your money. Internal lead development is the highest quality option your money can buy, it take innovative thinking and batch testing. Keep your nose to the grindstone and always fly straight. Aside from that stay focused on helping the consumers you engage and always have a backup plan for them in the event you find this is not for you. Oh, and one other thing, be prepared to burn lots of cash in the beginning.

        Just a quick story on licensure; When my partners and I opened EA we call the NYS Department of Licensing to inquire about the NYS telemarketing license and all the bonding requirements. To our surprise after explaining what we do and how we planned to do it, we were told we didn’t need one, we were told no one in our industry had one! The state said we could get one if we wanted, needless to say we have it and others.

        If your plan is to work with others, the only thing I stated above that does not apply is the “be prepared to burn lots of cash in the beginning” statement. Make sure the group you engages meets all the other requirements.

        IAPDA is good basic knowledge, get a hold of Matt at Mstars for his training mods, its a requirement in my facility.

        When people wish you luck, tell them, luck is for lottery players, this is all about skill!

        Michael Reilly CDS/CCCS
        Emerge America

      • Mike Reilly

        I hear you Andy, it all makes perfect sense. Let’s hope the raft and limited participants (if needed) is not full of holes.

      • http://www.pcsdebtrelief.com Anisa Sharif

        Mike and Andy, I definitely do not disagree with the points you have made. I also come to work everyday with the ambition to make money and provide for my family, while providing an honest  service to all of my clients.
        I do on the other hand think it’s crucial for companies to  step up and help clear the stigma that is associated with debt agencies. I feel that the FTC needs to see agencies are willing to take a nose dive in revenue to prove an imperative point, which is that we do care about our clients well-being and not just the revenue. With that being said, I believe there should be indefinite restrictions on this plan to make it work.

        We previously offered a similar program to the “Life Raft” our qualifications were as follows:

        1. All funds must be available
        2. Provide proof of past debt settlement agencies contract
        3. Proof of lost funds exceeding $200

        Steve did mention companies had the right to stop taking in clients for the Life Raft Program at any point. If that means 1,000 clients or even one client for you, it shows some commitment to the FTC.

  • Errick

    Wait, there must be some mistake, CareOne is on the list, right?

  • Errick

    Wait, there must be some mistake, CareOne is on the list, right?

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.