Our family is currently in debt close to the amount of $20,000. We are also working with a debt settlement company however are not happy with their services.
Our debt is through major credit card companies, Capital One and Bank of America.
My question is regarding working with a different debt settlement company. The company we are currently with seem to have no problem cancelling our services. However they indicated to us that once they cease their services that the banks will not accept another offer from other debt settlement companies.
Would you mind verifying the truthfulness of that statement? And if there are specific companies that you would endorse. We live in Colorado Springs and are wondering if going through someone local would be better?
I am not aware of anything that would prevent a new company from picking up where the company you terminated left off. In fact to check on this I called and confirmed it with Michael Bovee from Consumer Recovery Network, an AACC member.
Michael advised that you should contact your two creditors and rescind the power of attorney the current settlement company most likely sent in to the creditors. Once that is out of the way a new company can pick this up for you.
As far as companies I suggest, I recommend members of AACC who have pledged to put consumers first. One of the AACC member companies will be able to take good care of you and if you are not satisfied for any reason, let me know and I’ll deal with them to make sure you are happy.
Please post your responses and follow-up messages to me on this in the comments section below.