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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




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Sincerly,
Steve

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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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.

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