This is finally public and it might be a great asset to all performance based debt settlement companies that would like to provide legal protection to their clients.
It’s a big advantage for consumers since they can now get access to legal protection while in a debt settlement plan without having to pay an attorney firm all those advanced fees they charge before they even begin to settle the debt.
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Veritas Assurance Group is now proud to announce an agreement with Hyatt Legal Plans, a MetLife Company, to offer a Legal Plan for consumers enrolled in a Debt Settlement Program.
CLEVELAND – Hyatt Legal Plans, a MetLife Company, the largest provider of group legal plans in the United States, with a nationwide network of over 11,500 attorneys, will provide full legal representation to consumers enrolled in a Debt Settlement Program. Hyatt currently provides legal plan services to over 1,300 companies and organizations, including over 130 Fortune 500 companies.
Developed with affordability for the consumer in mind, Veritas Assurance Group is proud to announce the only legal plan providing members with representation for credit card/debt collection litigation defense created specifically for consumers enrolled in any Debt Settlement Program. Located in Delray Beach, FL, the Veritas Assurance Group was created by veterans of the Debt Relief industry.
Veritas Assurance Group recognized that the main reason consumers dropped out of Debt Settlement Programs is the overwhelming emotions they experience when faced with a creditor lawsuit coupled with not having the available funds to settle the lawsuit. Unlike traditional legal service plans, which only provide discounted attorney services, Hyatt provides full coverage for all attorney fees through its nationwide network of attorneys.
“Depending on the state, statistically 37% of accounts enrolled in a 36-month or longer Debt Settlement Plan will receive a lawsuit,” says Angelo Anzalone, President of Veritas Assurance Group. Anzalone goes on to say that “New FTC rules require complete disclosure of all risks associated with Debt Settlement Programs including the risk of creditor lawsuits. Veritas is offering an affordable solution to help defend against creditor lawsuits while allowing your client to continue accumulating funds to ensure a comfortable experience for consumers.”
For more information please contact Sean Ryan at The Veritas Assurance Group directly at 877-745-5006 ext 1001 or sean@veritaslegalplan.com
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@cb4beb16fc9f829dbf012703b74cbad6:disqus  –
Sorry for the confusion but no on court costs & filing fees. Only pays attorney associated expenses. Post judgment work is excluded and any lawsuit the client has before joining. There is also a 14 day wait to avoid the inherent vice Re: Receiving a lawsuit & then deciding to purchase cover-Â
And, no, an attorney is not assigned until a summons is presented.Â
You are welcome to call me & I will email you a contract to look over.Â
877-745-5006 Ext 1001Â
-Sean
Almost sounds too good to be true. It covers court costs too? Court filing fees alone in CA can exceed $300 (per defendant!). Does it cover any post judgment work like claims for exemption? How about motions to set aside defaults? Sorry, one more question: the monthly fee covers all lawsuits consumers has filed against them? Sorry, another question: does consumer know who attorney is prior to signing up/before services are needed?
It’s a legal expense plan that
provides full attorney representation for consumers that are enrolled in a debt
settlement plan. The plan covers all
costs involved with defending a lawsuit with no limits, no co pay and no
deductible. The plan is fully insured and
backed by Hyatt legal plan which is owned by MetLife. When you are sued, a
local Hyatt legal plan attorney will be assigned to represent and defend you,
all the way to trial if necessary.
exactly what legal services are provided?
To be clear, our target client is a
consumer enrolling into debt settlement that would like the services of a local
attorney when the need arises. We have seen attorney model programs who do not
charge any upfront fees express interest in our services. Our plan offers
consumers the ability to have full representation of a local attorney when a
creditor or debt buyer files a summons. It removes the client from that
decision which must be made of: “Where is my money best used right now?â€Â  We believe if the consumer does
not have to worry about the legal cost involved with being sued, they can
continue to accumulate funds towards settlements.
Of course, The Veritas Legal Plan is
not necessary for every client in every situation. The option is ultimately
left to the client as to whether they would like the service. It certainly will
allow the average performance base settlement company to better compete with
the attorney model as it offers the full attorney services when needed without
the huge upfront retainer fees. Certainly that is our niche and Hyatt Legal Plan is our provider. They are
a wholly owned subsidiary of MetLife with a network of over 11,000 attorneys;
and are the largest Legal Expense Company in the world, with over 5,000,000
clients. Their services are offered throughout the United States, while ours is
limited to the 31 states which do not consider legal expense an insurance
product.  We are both fortunate and very proud to be
the company offering our legal plan to the debt settlement industry on their
behalf. Any company interested in providing our plan should contact me atsean@veritaslegalplan.com.
 Veritas offers a new and different approach, but one we believe will
lift the performance based settlement industry and help support it in a level
never seen before.
Curious, I was just asked by a lawyer whose firm represents attorney model debt settlement companies if I was endorsing this product. I wonder if attorney model firms will want to target this service as they might see it impacting their ability to sell their legal model.
Curious, I was just asked by a lawyer whose firm represents attorney model debt settlement companies if I was endorsing this product. I wonder if attorney model firms will want to target this service as they might see it impacting their ability to sell their legal model.
To be clear, our target client is a
consumer enrolling into debt settlement that would like the services of a local
attorney when the need arises. We have seen attorney model programs who do not
charge any upfront fees express interest in our services. Our plan offers
consumers the ability to have full representation of a local attorney when a
creditor or debt buyer files a summons. It removes the client from that
decision which must be made of: “Where is my money best used right now?” We believe if the consumer does
not have to worry about the legal cost involved with being sued, they can
continue to accumulate funds towards settlements.
Of course, The Veritas Legal Plan is
not necessary for every client in every situation. The option is ultimately
left to the client as to whether they would like the service. It certainly will
allow the average performance base settlement company to better compete with
the attorney model as it offers the full attorney services when needed without
the huge upfront retainer fees. Certainly that is our niche and Hyatt Legal Plan is our provider. They are
a wholly owned subsidiary of MetLife with a network of over 11,000 attorneys;
and are the largest Legal Expense Company in the world, with over 5,000,000
clients. Their services are offered throughout the United States, while ours is
limited to the 31 states which do not consider legal expense an insurance
product. We are both fortunate and very proud to be
the company offering our legal plan to the debt settlement industry on their
behalf. Any company interested in providing our plan should contact me atsean@veritaslegalplan.com.
Veritas offers a new and different approach, but one we believe will
lift the performance based settlement industry and help support it in a level
never seen before.
exactly what legal services are provided?
It’s a legal expense plan that
provides full attorney representation for consumers that are enrolled in a debt
settlement plan. The plan covers all
costs involved with defending a lawsuit with no limits, no co pay and no
deductible. The plan is fully insured and
backed by Hyatt legal plan which is owned by MetLife. When you are sued, a
local Hyatt legal plan attorney will be assigned to represent and defend you,
all the way to trial if necessary.
Almost sounds too good to be true. It covers court costs too? Court filing fees alone in CA can exceed $300 (per defendant!). Does it cover any post judgment work like claims for exemption? How about motions to set aside defaults? Sorry, one more question: the monthly fee covers all lawsuits consumers has filed against them? Sorry, another question: does consumer know who attorney is prior to signing up/before services are needed?
@cb4beb16fc9f829dbf012703b74cbad6:disqus –
Sorry for the confusion but no on court costs & filing fees. Only pays attorney associated expenses. Post judgment work is excluded and any lawsuit the client has before joining. There is also a 14 day wait to avoid the inherent vice Re: Receiving a lawsuit & then deciding to purchase cover-
And, no, an attorney is not assigned until a summons is presented.
You are welcome to call me & I will email you a contract to look over.
877-745-5006 Ext 1001
-Sean
Most Attorney model Debt Settlement companies charge as much as 30% (most upfront) of the consumers debt with limited legal representation. Â
Consumer enrolled in a performance based debt settlement program (or even a DIY) can now choose whether they also would like to have all attorney costs covered for EVERY account while accumulating funds for settlements.  In most cases, the retainer for a local attorney to defend ONE creditor lawsuit is more than the overall cost of this Legal Plan! The Veritas Legal plan creates a level playing field with the national affiliate driven attorney models where consumers can now have full legal representation AND only pay a settlement fee at time of settlement.Â
Maybe they cover filing the answer but then if an appearance is needed, the fees start to pile up.
@6e526498628487a31c2f4c121824a983:disqus  @365af83c036e59ab4f0cce1507fb8f7f:disqus  The client is not paying legal fees and the Hyatt attorney does not share any legal fees. The consumer is paying for a pre-paid legal expense plan. The plan could be accessed in the 1st month. It is an option for the consumer. If they see the benefit, they have the option to purchase it. Currently Hyatt Legal Plans provide their program to over 5,000,000 consumers who opted for their program.
upfront? BEFORE anything is done?
how do you get around fee spiltting with an attorney?
I covered one of their contracts recently that asked for additional funds for appearance as well.
I have seen LHDR contract Post TSR that asked for $900 for each appearance.
I think LHDR’s pre October 2010 model did not include representation, it cost extra. I think currently they include full legal reperesentation to justify the fees.
The plan itself is not very complex. We designed it as an option for the consumer with a cost effective price basis and pure to debt settlement.Â
When I have some time tomorrow I will write an extended note on the details. In the meantime, please direct inquiries to me- sean@veritaslegalplan.com -Â or 877-745-5006 Ext 1001. You may find the information you are looking for at http://www.veritaslegalplan.com We welcome all inquiries.
Apparently.
But you need to compare this to what consumers are currently being charged by advanced fee attorney models. In those models the consumer pays all of the fee in a front loaded fashion, typically receives no legal advice or representation and does not settle the majority of their debt. And oh yes, they get no refunds for money paid but not used.
In this model the consumer is only paying for the months they use, so if they quit the program there is no lingering liability. Additionally, the incidence of consumers being sued in extended debt settlement programs is pretty high. And like all other insurance products, the person has the option to purchase the coverage in case they are sued or not purchase the coverage.
It’s a peace of mind thing. Not everybody is ever forced into insurance. Some people may not want to buy the legal coverage and instead take the money they would have paid, set it aside, and pay for a local attorney when they are sued.
Personally I’m more of a self-insurance kind of guy. I’m not the kind of person that buys extended warranties. Other people do.
If consumers are given the option to purchase this coverage rather than it being forced on them, that would be a much better approach.
Not that I’m aware of. Most people that come to this site have said they would either have to purchase additional services for representation of deal with it themselves.
Do LHDR provide representation?
Soooooo .. 36 months X $35 = $1260+ to the client??
Let’s pick Legal Helpers Debt Resolution as an example. How is LHDR better than working with an experienced performance model debt settlement company, that provides this legal protection?
How do you think it compares to an attorney model?
In the interest of full disclosure. I receive NO financial benefit from being excited about this solution. It just looks like a great solution for consumers.
Oops. Yes, per month.
Setup fee is up to $400 of which the settlement company gets the difference between $100 and the sale price.
Plan has no deductibles and no maximum coverage.
This appears to be a reasonably priced program that provides consumers with a direct benefit. Looks like a real positive move to me.
The guys behind this talked to me a while back as they were developing it and incorporated my suggestions in the final plan. I think you will find their openness and transparency page to be a refreshing change since it is actually open and transparent. Not something that most companies are brave enough to do.
per month?
I believe it is $30 for up to five accounts and then $5 an account thereafter.
Exactly how much will this cost the Client?
Exactly how much will this cost the Client?
I believe it is $30 for up to five accounts and then $5 an account thereafter.
per month?
Oops. Yes, per month.
Setup fee is up to $400 of which the settlement company gets the difference between $100 and the sale price.
Plan has no deductibles and no maximum coverage.
This appears to be a reasonably priced program that provides consumers with a direct benefit. Looks like a real positive move to me.
The guys behind this talked to me a while back as they were developing it and incorporated my suggestions in the final plan. I think you will find their openness and transparency page to be a refreshing change since it is actually open and transparent. Not something that most companies are brave enough to do.
Soooooo .. 36 months X $35 = $1260+ to the client??
Apparently.
But you need to compare this to what consumers are currently being charged by advanced fee attorney models. In those models the consumer pays all of the fee in a front loaded fashion, typically receives no legal advice or representation and does not settle the majority of their debt. And oh yes, they get no refunds for money paid but not used.
In this model the consumer is only paying for the months they use, so if they quit the program there is no lingering liability. Additionally, the incidence of consumers being sued in extended debt settlement programs is pretty high. And like all other insurance products, the person has the option to purchase the coverage in case they are sued or not purchase the coverage.
It’s a peace of mind thing. Not everybody is ever forced into insurance. Some people may not want to buy the legal coverage and instead take the money they would have paid, set it aside, and pay for a local attorney when they are sued.
Personally I’m more of a self-insurance kind of guy. I’m not the kind of person that buys extended warranties. Other people do.
If consumers are given the option to purchase this coverage rather than it being forced on them, that would be a much better approach.
The plan itself is not very complex. We designed it as an option for the consumer with a cost effective price basis and pure to debt settlement.
When I have some time tomorrow I will write an extended note on the details. In the meantime, please direct inquiries to me- sean@veritaslegalplan.com – or 877-745-5006 Ext 1001. You may find the information you are looking for at http://www.veritaslegalplan.com We welcome all inquiries.
upfront? BEFORE anything is done?
how do you get around fee spiltting with an attorney?
@6e526498628487a31c2f4c121824a983:disqus @365af83c036e59ab4f0cce1507fb8f7f:disqus The client is not paying legal fees and the Hyatt attorney does not share any legal fees. The consumer is paying for a pre-paid legal expense plan. The plan could be accessed in the 1st month. It is an option for the consumer. If they see the benefit, they have the option to purchase it. Currently Hyatt Legal Plans provide their program to over 5,000,000 consumers who opted for their program.
In the interest of full disclosure. I receive NO financial benefit from being excited about this solution. It just looks like a great solution for consumers.
How do you think it compares to an attorney model?
Let’s pick Legal Helpers Debt Resolution as an example. How is LHDR better than working with an experienced performance model debt settlement company, that provides this legal protection?
Do LHDR provide representation?
Not that I’m aware of. Most people that come to this site have said they would either have to purchase additional services for representation of deal with it themselves.
I think LHDR’s pre October 2010 model did not include representation, it cost extra. I think currently they include full legal reperesentation to justify the fees.
I have seen LHDR contract Post TSR that asked for $900 for each appearance.
I covered one of their contracts recently that asked for additional funds for appearance as well.
Maybe they cover filing the answer but then if an appearance is needed, the fees start to pile up.
Most Attorney model Debt Settlement companies charge as much as 30% (most upfront) of the consumers debt with limited legal representation.
Consumer enrolled in a performance based debt settlement program (or even a DIY) can now choose whether they also would like to have all attorney costs covered for EVERY account while accumulating funds for settlements. In most cases, the retainer for a local attorney to defend ONE creditor lawsuit is more than the overall cost of this Legal Plan! The Veritas Legal plan creates a level playing field with the national affiliate driven attorney models where consumers can now have full legal representation AND only pay a settlement fee at time of settlement.
Way to go! It’s about time someone thought of this. Awesome…
Way to go! It’s about time someone thought of this. Awesome…
FINALLY A SOLUTION!!!!
FINALLY A SOLUTION!!!!