I can not believe the following statement from the debt settlement company Capital Protection Group.
While other debt settlement companies try to get 50% off your debt, if their lucky, the Capital Protection Group will have you pay back less than 10%.
– Source
In my opinion that is a totally unfounded claim and one that, if regulators saw it, could certainly lead to Capital Protection Group and its service providers to get sued over. A 10% claim has no connection with reality in debt settlement.
Oh why do debt settlement companies say such silly things if it isn’t intended to confuse or deceive consumers?
Sincerely,
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
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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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STEVE;JUST A THOUGHT HAS ANYBODY EVER ASKED IF MONEY LOST TO ALLLC IS TAX DEDUCTABLE EVEN THOUGH MONEY SAVED FROM SETTLEMENT OR CHARGE OFF OF 600.00 OR MORE AS INCOME IS TAXABLE ? ANYBODY KNOW???
Kenneth,
My gut reaction is no, but you’d really have to check with a tax professional. When it comes to the IRS it’s often a mystery.
Steve
Bac offered to settle for around that amount. Better to get something than nothing.It can be done you just have to know how.