My debt settlement company uses a third party called Veritas Legal Plan for legal services. They tell me these lawyers work for them and will handle everything if I get sued, which they said was rare. I was not given a choice and was told I had to enroll in this. Sounds fishy!
Is this legal or ethical? Is this company receiving a commission from Veritas for this? For Veritas lawyer service, they charged a enrollment fee of $500 which I saw my first payment covered. Then $50 per month. I am in a three year program and I will be paying $2,300 for a service I might not even use. I’ve already been paying this for a year.
Well it’s a loaded question. Veritas Legal Plan works with a number of debt relief companies to provide help if needed.
But any sort of prepaid service can feel like it is forced on you if you don’t want the help or to pay for it.
I hate to state the obvious but if you didn’t want to pay for Veritas Legal Plan then the logical answer is to not have signed up with the company that required you to use them. I have no way of knowing if your debt relief company received a commission from Veritas Legal Plan but I would suspect there was some sort of revenue exchanged because that is a common type of relationship.
If you are under the impression your $50 a month will eliminate any future cost to use a plan attorney, that might not be the case.
Veritas says “The mission of Veritas Legal Plan is to provide affordable legal services to consumers when they need them the most.”
At this point any hesitation on your part should be an invitation for you to ask more questions and feel comfortable with the decision you made to enroll. Ask to see a fee schedule of charges you may be expected to pay if a matter did require legal intervention.
Only when you are fully informed about the services you enrolled in will any service be safe to use. Until then I’m sure you stand the chance to be surprised and disappointed.