Owe more than $92,000 on 8 cards. Very high interest on some of them.
I read you story about Norton & Associates and I’m very scared. I signed up with them thru a company in Florida called Pinnacle Marketing. They said they would settle $72,000 of my debt in 48 months for $1,022 a month. I met with Scott a week ago, he seemed very intelligent. I signed an agreement and they gave me a week to cancel. What should I do? Do you have more information about them? Please advise.
Before you panic, you need to get a second opinion from a debt settlement and hopefully a member of the AACC.
Scott is a heck of a bowler and a nice guy but there is more you need to know. No debt settlement company can make a claim to make your debt go away for $X over Y time. The debt settlement company has no control over what the creditors may or may not accept. If you got that impression from your sales pitch, that would be an incorrect assumption.
Before you lock yourself into paying thousands and thousands of dollars in fees, I can’t see how you would be harmed in getting a second opinion to make sure you are making the right move.
In evaluating your situation you should also talk to a local bankruptcy attorney. You can click here to find a local bankruptcy attorney. Without evaluating other options you don’t know if settlement is even the right move for you.
Please post your responses and follow-up messages to me on this in the comments section below.