Tag Archives: debt settlement companies
- Debt Settlement: Top Ten Most Misunderstood Facts
Over the past few years debt settlement has been in the news, not always in a good way. Many consumers have complained about the services they’ve received while some have been very happy. Much of the disparity in the perception of the service is due to misconceptions about the process itself. So here are the [...]
- Trapped in a Debt Settlement Contract. What to Do? – Dean
“I contracted a debt settlement company now that it changed. I signed with them back in May of 2010, this was before the new law changed for settlement companies not to be able to charge up front for settlements. The contract is crazy, and I was stupid to sign it. I was totally delusional from [...]
- How Do or Can I Settle My Debts on My Own? – Shawna
Shawna “Dear Steve, I have 20,000 on 2 credit cards and a an interest free loan of 15,000 from my mom. I would like to be able to pay off both cards with the 15,000. Is there a way to request to see if the 2 companies would reduce the amount I owe them if [...]
- I’ve Never Been Late But I Can’t Afford the Minimum Payments. – Ted
Ted “Dear Steve, I owe about $50,000 on credit cards I am current and have never been late on a payment. I make the minimum payment that is all I can afford. I need some breathing room and I could pay more on each card. But there is no breathing room. I have looked into [...]
- Should I Go Bankrupt or Do Debt Settlement? – Endeudado
“Dear Steve, I am 29 years old and 2 children and my wife. I am into too much debt that I am considering filing for chapter 7 bankruptcy. I owe 30,000 dollars in credit card debt. I have a mortgage of 98,000, a car loan, and a student loan. I am not behind on payments [...]
- I’m in a Debt Settlement Program and I’m Terrified. – Magen
Magen “Dear Steve, Seven months age-my husband and I signed up with Sierra Financial Solutions-a debt settlement company based out of CA. At the time we signed up-we were in a lot of credit card debt-around $45,000-but we were current on all of our payments-my husband got laid off in Aug 2008 and while we [...]
- I’m in a Debt Settlement Program and Getting Sued by My Creditors. – Cathy
Cathy “Dear Steve, We have been with a debt settlement company for about 4 months and one of the unsecured loan outfits is already trying to sue us for the 85% of the total amount plus attorney fees and late charges included for about $500.00 a month or will garnish or lean or property not [...]
- Debt Settlement Companies in for a World of Hurt in the U.S.
Debt settlement companies in the United States had better brace for some interesting times, and not good times for them. The Attorney General of New York recently issued subpoenas to fourteen debt settlement companies, not in an interest to learn more about them, but to give him the evidence he need to close down the [...]
- Debt RX USA Debt Settlement Company Consumer Complaint
Mr Gonzalez uploaded the following BBB complaint to me through the file upload section of the GetOutOfDebt.org site. I have no inside knowledge of this case and the only reason I am republishing it here is because it brings up other complaints that I have heard from others regarding some common issues with unhappy consumers [...]
- Debt Settlement Companies. Prepare to Get Slaughtered.
The debt settlement industry is exploding. Some say that many of these new companies are being run by failed mortgage brokers that want to get into the business. I don’t know about that but certainly there is a wave of opportunism evidenced by the exploding debt settlement industry. The sad thing about this is that [...]
- Consumer Reports Debt Settlement Article to Come
A little birdie in the wind told me that Consumer Reports is working on an article that involves debt settlement services. This person said they got the impression that the article was going to not be supportive of debt settlement companies, and in many ways, that’s a shame. Settling your debts for less that you [...]
- Diane Writes In “I Want to Settle My Debt. My Creditor Wants to Take Me to Court.”
Diane wrote to me at the GetOutOfDebt.org site and asked for help with her debt situation. You can write me too if you need help. Here is what Diane said: “Dear Steve, I have signed up with New Beginnings to get out of debt. I have paid them for two months so far and have [...]