Reader Questions

How Do I Cancel a Debt Settlement Company Contract With Morgan Drexen. – Walter

How to cancel a debt settlement company contract

The company is Morgan Drexen.

I am in a very troubling situation. I signed up with a debt settlement law firm but after talking to them about the fees and all percentage paid for saving I want cancel but do not know if this is wise and what pitfalls if any to cancelling.

Fees : $945 upfront
$50 /month for paper
25% OF ALL SAVINGS




This reader question was submitted for site members to answer.

This is your chance to be a hero and help out this person by providing your feedback and answer to the question. Post your response in the comments section below.

If you have a credit or debt question you’d like to ask just use the online form.


READ  Morgan Drexen Claimed to be Unfair and Deceptive in Suit by West Virginia AG. Includes Local Attorney.

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.

6 Comments

  • Like Damon says, cancelling the contract is the easy part, just let them know in writing you want out. The problem may be getting back any money you have already paid them upfront. To accomplish that you will want to follow Steve’s advice above.

    FYI – As of today (10/27/10) both the $995 upfront and $50/mo paper cost are no longer allowed.

  • Like Damon says, cancelling the contract is the easy part, just let them know in writing you want out. The problem may be getting back any money you have already paid them upfront. To accomplish that you will want to follow Steve’s advice above.

    FYI – As of today (10/27/10) both the $995 upfront and $50/mo paper cost are no longer allowed.

  • How long have you been with the company? How much have you paid them so far? The cancellation process is fairly straight forward. I recommend you read Steve’s article above. The tricky part is if you feel that you are due a refund on the fees. Please share how much you paid in the fees and the reasons you would like to cancel.

  • How long have you been with the company? How much have you paid them so far? The cancellation process is fairly straight forward. I recommend you read Steve’s article above. The tricky part is if you feel that you are due a refund on the fees. Please share how much you paid in the fees and the reasons you would like to cancel.

Share a Comment / Leave a Reply

%d bloggers like this: