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

By on October 26, 2010
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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About 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

  1. Andy Faria

    October 27, 2010 at 5:12 am

    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.

  2. Andy Faria

    October 27, 2010 at 9:12 am

    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.

  3. Damon Day

    October 27, 2010 at 4:55 am

    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.

  4. Damon Day

    October 27, 2010 at 8:55 am

    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.

  5. Steve Rhode

    October 27, 2010 at 1:11 am

    Here is the guide I wrote on how to get out of a debt settlement program.

  6. Steve Rhode

    October 26, 2010 at 9:11 pm

    Here is the guide I wrote on how to get out of a debt settlement program.

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