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Should I Go With Mountain View Financial Group? – Glen

Would like to settle/reduce two credit card balances.

What is the likely success of trying to negotiate with the credit card companies yourself or a company like Mountain View?

Glen




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Sincerly,
Steve

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See also  Mountain View Financial Group - Scam, Complaint, Review, or Praise?



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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.

4 Comments

  • I went through them when they were Bella Financial- they will take your money, file bankruptcy, and then open under another name~ I hope you have not signed with them yet. I have already supplied Steve with a mountain of information about their shifty business practice.

    Subsequently, I have actually had success at dealing with the credit card companies myself. The debt settlement companies try to scare you into signing with them. The fact is, creditors cannot harass you at work, and if you don’t want to deal with them, don’t respond. Yeah, my credit is low now but I learned my lesson. I have no credit cards (only debit) and never will.

    Wish I had the money back that Bella “stole” from me.

  • I went through them when they were Bella Financial- they will take your money, file bankruptcy, and then open under another name~ I hope you have not signed with them yet. I have already supplied Steve with a mountain of information about their shifty business practice.

    Subsequently, I have actually had success at dealing with the credit card companies myself. The debt settlement companies try to scare you into signing with them. The fact is, creditors cannot harass you at work, and if you don’t want to deal with them, don’t respond. Yeah, my credit is low now but I learned my lesson. I have no credit cards (only debit) and never will.

    Wish I had the money back that Bella “stole” from me.

  • Hello Glen

    It really depends on who the creditors are, your overall financial circumstances and your availability of lump sums of money in which to negotiate. You can certainly negotiate directly with creditors providing you at least have a little direction in how creditors operate. That of course can be easily obtained.

    The decision to hire a settlement company or not really comes down to a cost/benefit analysis. What are they going to do for you, and what will it cost you. Is the service worth the cost?

    That is different for everyone. If you discover it is worth the cost and you would like to hire someone. Then you should take your time and research a lot of programs. The industry is going through some huge changes right now and the reality is that most of the companies will not be around within 12 months from now. Mainly stay away from any company that charged all of their fees over the first half of the program. Either currently or within the last year or two, and you will have a much better chance of that company being around.

    The biggest question I have though is, what are the circumstances that led you to believe a debt settlement was a good option? I am not saying it isn’t. I am saying I don’t know enough about your situation to have an opinion on it.

  • Hello Glen

    It really depends on who the creditors are, your overall financial circumstances and your availability of lump sums of money in which to negotiate. You can certainly negotiate directly with creditors providing you at least have a little direction in how creditors operate. That of course can be easily obtained.

    The decision to hire a settlement company or not really comes down to a cost/benefit analysis. What are they going to do for you, and what will it cost you. Is the service worth the cost?

    That is different for everyone. If you discover it is worth the cost and you would like to hire someone. Then you should take your time and research a lot of programs. The industry is going through some huge changes right now and the reality is that most of the companies will not be around within 12 months from now. Mainly stay away from any company that charged all of their fees over the first half of the program. Either currently or within the last year or two, and you will have a much better chance of that company being around.

    The biggest question I have though is, what are the circumstances that led you to believe a debt settlement was a good option? I am not saying it isn’t. I am saying I don’t know enough about your situation to have an opinion on it.

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