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We Got Burned By the Legal Debt Center, Hess Kennedy Law Firm, and Allegro Law on Debt Settlements. – Kevin

“Dear Steve,

My wife and I commited to getting out of debt 2 yrs. ago. We went with the legal Debt Center. (Hess kennedy) They cleared up one account and then told me they can no longer help. We lost 10K. We might get a little back. We came accross Allegro and they promised what happened to Legal Debt Center would not happen to them. It did happen. I am not wanting to waste any more money.

Should I stay or go? I can commite to a monthly plan. Should I talk to creditors on my own or stay the course with Allegro?They did help with one account before all this happened with a receivership.

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Kevin”

Dear Kevin,

No matter what debt settlement company you decide to go with, the result is going to be the same or worse, especially with new FTC rules that will be coming. Many of the debt settlement companies operating now will fold.

You best choice is to attempt to negotiate yourself or seek the protection of bankruptcy. I would suggest that you should find a local bankruptcy attorney and talk to them anyway.

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.

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P.S. Be sure to read ‘The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey‘.

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About the author

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.

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