owe over 22000.00 on 2 credit cards to Bank of America. have talked to Lloyed Ward and Ass. are they truthful and can them be trusted.Heard a lot of bad stories about this type of thing. Don’t want to lose every thing I do have because some company takes the money and runs. Bankrupty isn’t and option. What can be done to help. I retire from working at the end of 2010
Can anything be done that is safe for what money I do have.
Mitchel
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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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Bankruptcy is the best option if you are having trouble with unsecure debt. A Chapter 7 will discharge all of your debt in 3 months. Debt settlement should not even be an option at all and you will be in more debt by the time you are out of a plan. 80% of consumers never complete debt settlement. It has to be simply the biggest rip off of the last decade. Beware consumer. Beware!!!!!Â
Not all settlement plans are created equal. When suitability and screening for appropriate customer profiles are followed, settlement beats heck over a chapter 13.
When someone can (or even should) avoid chapter 7, they should consider settlement.
Please know that all debt intervention measures other than chapter 7 have low completion rates.
A DMP is completed less than 30% of the time and that is quoting industry numbers from 2004 (they cannot have improved with the recent economy)
Chapter 13’s historically have less than 1/3 completion.
Some settlement firms have way lower than a 20% completion rate and some way higher.
Its all the same-same. Chapter 7 rocks for speed, cost and getting on with ones financial life, quite true. Its just not for everyone, nor should it be.
Lloyd Ward and Associates debt relief is the biggest rip off in the world.  I have been enrolled in the program for almost 2 years and only one of my credit cards have been reduced.  I have been hounded constantly by creditors with phone calls day and night.  I have been sued by one of them.  Most of the customer services reps are horrible.  There have only been 2 that  have actually been helpful.  I am in more debt now then I was before i enrolled in the program because of late fees and other fees. Now they keep telling me the only way they can reduce my balances is to come up with a lump sum of about $10,000.00 to offer to the credit card companies. Unless I win the lottery or someone dies and I inherit money and life insurance this is not going to happen.  If I could come up with $10,000.00 would I have needed to enroll in this lousy program.  NO.  This is the worst financial decision I have ever made.  I would of got a better deal from the credit card companies themselves if I had called them to explain how I lost an income of $13,000.00 a year cause Lloyd Ward doesn’t seem to care.  I have lost so much sleep over this situation and my husband who is a disabled Vietnam Veteran is just sick over it.  I have asked on numerous occasion for a supervisor to call me to discuss my situation but no one from this company ever calls. I am sorry like I said there were only 2 like i previously mentioned a women named Samantha who no longer is with the company and a girl named Karen.  I just wish this whole situation is over with.  My credit is already ruined so what is the difference now.
Michele Baldwin
Mitchel,
The above 2 posts are correct, having knowledge of all of your options is going to be key in making the decision to get out of debt. Debt settlement is not for everyone, there are pros and cons to it just like every other option out there. One piece of advice I can give you is I would steer clear of any company that does not provide a performance based fee structure.
If you have any other questions that were not answered in your initial conversation with us, please feel free to email me at jolsen@lloydwardgroup.com . I will be more than happy to assist you in your search.
Thanks.
Jordan Olsen
Vice President
Mitchel,
The above 2 posts are correct, having knowledge of all of your options is going to be key in making the decision to get out of debt. Debt settlement is not for everyone, there are pros and cons to it just like every other option out there. One piece of advice I can give you is I would steer clear of any company that does not provide a performance based fee structure.
If you have any other questions that were not answered in your initial conversation with us, please feel free to email me at jolsen@lloydwardgroup.com . I will be more than happy to assist you in your search.
Thanks.
Jordan Olsen
Vice President
Hi Mitchel, plz do your home work on all of the options available that are available to help you. You should also research Debt Management Plans. Debt Settlement and/or Bankruptcy need to be carefully researched and you need to educate yourself on what those options will involve in the long run. Before you decide to do business with any company, you need to check with your State government to be sure it is licensed/registered to do business in your state. You also need to check with the Better Business Bureau to find out the rating of the company, how long the company has been in business and the overall score that the Better Business Bureau has given the company.
Hi Mitchel, plz do your home work on all of the options available that are available to help you. You should also research Debt Management Plans. Debt Settlement and/or Bankruptcy need to be carefully researched and you need to educate yourself on what those options will involve in the long run. Before you decide to do business with any company, you need to check with your State government to be sure it is licensed/registered to do business in your state. You also need to check with the Better Business Bureau to find out the rating of the company, how long the company has been in business and the overall score that the Better Business Bureau has given the company.
I understand bankruptcy is not an option as stated, but have you looked all the other options as well other than debt settlement? You may want to first be aware of all your options to make the best decision in your situation, and not one that is being persuaded to you because it is the only solution they offer. Each debt relief program has its pros and cons and understanding both sides can make the difference in getting out of debt or not. If you decide debt settlement to be your option, then it is best to go with a performance based company that charges its fees based ONLY on what you save. You should not have to pay a dime up-front or any monthly dues of that sort. This will assure your accounts will actually be negotiated on and handled from beginning to end.
I understand bankruptcy is not an option as stated, but have you looked all the other options as well other than debt settlement? You may want to first be aware of all your options to make the best decision in your situation, and not one that is being persuaded to you because it is the only solution they offer. Each debt relief program has its pros and cons and understanding both sides can make the difference in getting out of debt or not. If you decide debt settlement to be your option, then it is best to go with a performance based company that charges its fees based ONLY on what you save. You should not have to pay a dime up-front or any monthly dues of that sort. This will assure your accounts will actually be negotiated on and handled from beginning to end.