Each of us lives only now, in this brief instant. The rest has been lived already. So make the most thoughtful choices you can today that will lead to a better future.
Steve's Thought of the Day
Stop drifting and hoping a magic solution will appear. Instead, you can participate in rescuing yourself. Find peace by pursuing facts through trusted advisers and research rather than the blind trust of salespeople trying to sell you something by almost any means necessary.
Steve's Thought of the Day
Make decisions to deal with your debt with logic and facts, not assumptions, and worry about what other people will think. People who judge you will soon be forgotten. Nobody thinks about anyone that much.
Steve's Thought of the Day
The world is nothing but constant change. Your life is only a perception. Choose a way out of debt based on facts, not assumptions. Do what is best for your future because those that judge you will not feed you.
Steve's Thought of the Day
Do you have a greater responsibility to repair your financial past or your financial present and future? Make good choices that allow you to tackle your debt and immediately start building your emergency fund and saving for retirement. Tomorrow will be here before you know it. Lost time is a sin.
Steve's Thought of the Day
There is no sense in wasting a perfectly good financial mistake. Instead, learn from it and do better moving forward. The past is gone. Turn and face the future now.
Steve's Thought of the Day
Those who judge you for past financial mistakes are not your friends. So don't make choices about your future out of fear of what they may think. Instead, make choices based on truth, fact, and what is best for you moving forward from today.
Steve's Thought of the Day
Don't believe everything you think. Challenge your assumptions about getting out of debt. Do what is best for you, not others.
Steve's Thought of the Day
Is it less moral to file bankruptcy or to not take action that leaves you old, broke, hungry, and dependent on others?
Steve's Thought of the Day
If bankruptcy is so bad, why did our Founding Fathers specifically include it in the U.S. Constitution as protection for financial difficulties?
Steve's Thought of the Day
Maybe it is time to read what the Bible really says about bankruptcy instead of listening to the assumptions of others. Throw out your misperceptions and you'll be fine. (And who is stopping you from throwing them out?) - Marcus Aurelius
Stop listening to people that say bankruptcy is a last resort. It is neither first nor last. It is a tool like credit counseling, debt settlement, and others. For the best result, you need to use the right tool for the job.
Steve's Thought of the Day
People that tell you to avoid bankruptcy want to sell you something else are repeating something they heard or do not know what they are talking about. Get the facts and then make your own decision. Don't let an unskilled script-reading commissioned salesperson make life decisions for you.
Steve's Thought of the Day
Debt problems are like fingerprints. No two are alike. A one-size-fits-all solution will give you a one-size-fits-all result. You deserve better.
Steve's Thought of the Day
You are not your debt. Your value, self-esteem, and existence should not be defined by the money troubles you may be facing right now. Debt problems are solved with proper action, not guilt, self-hatred, and disgust.
Steve's Thought of the Day
Debt is nothing more than math wrapped in emotion. The math is easy, the emotional part leads us to do impulsive things. Not the right thing.
Steve's Thought of the Day
What type of money personality do you have? It is important to know. Take my online test now and discover how you unconsciously deal with money, credit, and debt.
Steve's Thought of the Day
How much retirement savings are you willing to throw away by dealing with your old debt instead of preparing for your financial future? Find how much you will lose by making the wrong choice. Use my online debt repayment calculator now.
Steve's Thought of the Day
Does it make more sense to ask for life-altering debt advice from an unskilled and untrained commissioned salesperson in a call center or an experienced debt coach like Damon Day that provides a customized solution for money troubles?
Steve's Thought of the Day
Throw out your misperceptions and you'll be fine. (And who is stopping you from throwing them out?) - Marcus Aurelius
I Signed Up and Paid Capital Debt Relief and They Say They Can’t Help Me. – Bob
I signd up with Capital Debt Relief back in April 2009 so that they could help me with my credit card debt. I have been paying tem $230/ month since. Yesterday I recieved a summons to appear in court December 6th. My credit card company is suing me. I called CDR and they told me they are no longer able to negotiate for me because they don’thave an attorney licensed in Missouri. Supposedly, there is a new law in place with no exceptions. They said they could coach me through negotiations or I could take take funds out of my trust acct which is only $1060. My debt is $16,000.
What should I do? Should I consult/hire a lawyer? I’m lost.
Bob
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3 thoughts on “I Signed Up and Paid Capital Debt Relief and They Say They Can’t Help Me. – Bob”
I have been enrolled in Capital Debt Relief for the past 2 years at $277 a month. For the first 18 months only $56 a month was going toward my actual debts. I had 4 debts totaling around 16k. I have had at least 6 people at my front door issuing notices of pending litigation. I have been notified to appear in court at least once. The joke about all this is that my wife and I were told that the creditors would settle for less than half of what I owed them and that is the way CDR makes their money. One creditor who tried to take me to court says I now owe them 7k after interest and penalties on the original $5500. Where was CDR? This was an unsecured loan and I’ve been doing a little legal research.Not thinking,  I told CDR to offer them $3500 but they refused to accept it. I then talked to a lawyer who told me to tell them to f *** off. It has worked so far. He also told me to tell Capital Debt Relieif to f*** off as well. The reason he said the creditor didn’t accept it is because CDR probably made a side deal with them to pay them maybe 2k and CDR would pocket the rest. Talk about scams. if they do eventually win a judgement against me the most they can get is 10% of my weekly $250 I now make. They can’t touch my retirement. You see these collection people are scavengers who buy up old debts and try to collect. I know I’ll probably end up suing CDR but for now I’ll just let my answering machine deal with the creditors. Funny how 16k in debt is now about 22k. I probably could have settled with these creditors for about 8k if I did it myself in the first place. Why are these buzzards allowed to scam us like this??? Instead of getting out of debt I’m now in deeper and my credit sucks. Shoulda filed bankrupsy in the first place.
I am sorry to hear about your situation. However, let me just take a moment to call out Captial Debt Relief on their very obvious BS. The reason they are not helping you is not because of some new law. The reason they are not helping you is because they can’t and never intended to provide litigation assistance.
Now, hopefully I am wrong. Because if they are telling you the truth, and you signed up and paid them a few thousand dollars under the promise that you were going to get legal assistance and then a law changed that prevented them from helping you, then they should give you all of your money back since you paid for a service that they either can’t or are not willing to provide.
Now, getting your money back is a separate issue and please update me on your progress with that. By my calculations you have paid in around 4500 and they claim you only have 1060 available. So I want to know where the other 3500 is and what did you get for that 3500 dollar fee? What is this new law that passed? When was it passed? Did they notify you that they could no longer help you after this law passed or did they continue to take your payments knowing they couldn’t help you. These are the questions I would be asking. Sounds to me like they are just trying to divert your attention from the fact that you gave them 3,500 and they didn’t do squat. You could have gotten yourself sued for free.
What we need to figure out now is what you should do moving forward. I would need to have a much better understanding of your overall financial situation, but we need to look at bankruptcy as a possible option. We need to know if you have any resources to negotiate and settle this debt, otherwise without the protection of bankruptcy or some settlement agreement, they will obtain a judgment, and then could possibly garnish wages or levy bank accounts.
So it is very important to look over everything and decide how to best proceed before your filing deadline of December 6th.
I have been enrolled in Capital Debt Relief for the past 2 years at $277 a month. For the first 18 months only $56 a month was going toward my actual debts. I had 4 debts totaling around 16k. I have had at least 6 people at my front door issuing notices of pending litigation. I have been notified to appear in court at least once. The joke about all this is that my wife and I were told that the creditors would settle for less than half of what I owed them and that is the way CDR makes their money. One creditor who tried to take me to court says I now owe them 7k after interest and penalties on the original $5500. Where was CDR? This was an unsecured loan and I’ve been doing a little legal research.Not thinking,  I told CDR to offer them $3500 but they refused to accept it. I then talked to a lawyer who told me to tell them to f *** off. It has worked so far. He also told me to tell Capital Debt Relieif to f*** off as well. The reason he said the creditor didn’t accept it is because CDR probably made a side deal with them to pay them maybe 2k and CDR would pocket the rest. Talk about scams. if they do eventually win a judgement against me the most they can get is 10% of my weekly $250 I now make. They can’t touch my retirement. You see these collection people are scavengers who buy up old debts and try to collect. I know I’ll probably end up suing CDR but for now I’ll just let my answering machine deal with the creditors. Funny how 16k in debt is now about 22k. I probably could have settled with these creditors for about 8k if I did it myself in the first place. Why are these buzzards allowed to scam us like this??? Instead of getting out of debt I’m now in deeper and my credit sucks. Shoulda filed bankrupsy in the first place.
Probably. Would have been over and done within within a few months, stopped all the suits and only cost a couple thousand dollars.
Hello Bob,
I am sorry to hear about your situation. However, let me just take a moment to call out Captial Debt Relief on their very obvious BS. The reason they are not helping you is not because of some new law. The reason they are not helping you is because they can’t and never intended to provide litigation assistance.
Now, hopefully I am wrong. Because if they are telling you the truth, and you signed up and paid them a few thousand dollars under the promise that you were going to get legal assistance and then a law changed that prevented them from helping you, then they should give you all of your money back since you paid for a service that they either can’t or are not willing to provide.
Now, getting your money back is a separate issue and please update me on your progress with that. By my calculations you have paid in around 4500 and they claim you only have 1060 available. So I want to know where the other 3500 is and what did you get for that 3500 dollar fee? What is this new law that passed? When was it passed? Did they notify you that they could no longer help you after this law passed or did they continue to take your payments knowing they couldn’t help you. These are the questions I would be asking. Sounds to me like they are just trying to divert your attention from the fact that you gave them 3,500 and they didn’t do squat. You could have gotten yourself sued for free.
What we need to figure out now is what you should do moving forward. I would need to have a much better understanding of your overall financial situation, but we need to look at bankruptcy as a possible option. We need to know if you have any resources to negotiate and settle this debt, otherwise without the protection of bankruptcy or some settlement agreement, they will obtain a judgment, and then could possibly garnish wages or levy bank accounts.
So it is very important to look over everything and decide how to best proceed before your filing deadline of December 6th.
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