What Can I Do to Get a Refund From My Debt Relief Company? – Kristina

“Dear Damon,

I enrolled in a debt settlement program and after 8 months finally decided to stop the program because of information provided in this blog and by my creditors. I am going to follow Steve’s steps to try to recover my losses.

If I am not able to get any funds returned or get anywhere with this process, what can I do?


Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

Hello Kristina,

Typically there isn’t much you can do if they don’t voluntarily offer a refund. They typically write their contracts to make sure they are able to keep the money if you cancel the program. Which is why a front loaded fee program is typically such a bad deal.

However you mention that it has been 8 months, so that tells me you signed up after Oct 27 2010 which means they may be illegally collecting fees upfront.

Unfortunately it is often a lose lose situation to try and sue a settlement company for a refund. You might have to front the legal fees and even if you win, you aren’t guaranteed to get paid.

So I would first follow the steps Steve has outlined. If you get the cold shoulder from the company, then contact me through my website and let me know the circumstances and I will see if I can offer a different perspective to the company and get you some money back.

Damon is a talented independent debt coach that provides in-depth assistance and consultations for people struggling with debt. If you want a personal debt coach to help you through a difficult situation or want assistance to find secret discounts offered by debt settlement companies I think Damon Day is an excellent person to contact for advice and assistance. He can be reached directly at DamonDay.com

If you have a debt related question you’d like to ask, just use the online form.

Damon Day is a talented Debt Coach who offers fee based consultations to consumers as an alternative to the typical free debt relief consultations which are nothing more than thinly veiled sales pitches lacking any real information to help a consumer make a good decision. You can learn more about how he can protect you from getting ripped off at DamonDay.com
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