I am in about $28,000.00 in unsecured credit card debt. I got a flyer in the mail about 3 weeks ago stating they could help me get out of debt.
I called the number and in about 2 days I got a call from World Law Group and before I knew it I was signed up with them & I would be out of debt in 48 months. I was to quit paying my creditors which put alot of stress on me as I have worked hard to get my credit back.
I lost a job & thats why it was hard for me to make payments but I was doing it. Anyway I did what they said but in the last 2 weeks I have been sick about it and I have been getting phone call after phone call from CITI card.
I got on the internet & Googled Word Law & didn’t find too great of things about them, except when I went to their own site. I have decided to cancel with them & sent them an e-mail telling them that.
They won’t be taking a payment out until Nov 25th & so I intend on calling my bank tomorrow & telling them what happened & that I am not agreeing to the payment coming out. I was assigned a so-called Legal Rep at World Law that never returns a phone call & when he returned an e-mail he called me a completely different name than I have. I just have a bad feeling about this whole thing.
My question is Steve do you know anything about World Law Group? Do you think its the correct decision to cancel? The payment that I have to pay them is not any less than what
I’m paying in credit card payments monthly, I will just be out of debt in 48 months but I probably will have really bad credit. I really want to know your opinion on this whole thing. I woud attach a copy of the documents I signed with World Law but they have my SSN on them but they are very similar to someone else’s that wrote to you.
Just this morning a consumer posted a complaint about World Law Plan, an apparently affiliated group. It might be worth a read.
My concern isn’t first that you might have been sold a bill of goods, but that a settlement approach even makes sense at all.
Clearly it appears that your were “sold” a solution and you feel you were rushed into it. That’s not a great foundation for getting the best help or making the best decision for your situation.
In the face of being unemployed a longterm repayment program makes little sense.
I’d suggest you first read How to Get Out of Debt. The Honest and Unvarnished Truth and The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, and Bankruptcy. They will give you a great overview of what we need to deal with to get you moving in the right direction.
Then use the free How to Get Out of Debt Calculator to review your options.
I would recommend that anyone considering using such a company should read the following two guides.
- The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
- 10 Must Do Steps to Find the Best Credit Counseling or Debt Settlement Company for You
Please post your responses and follow-up messages to me on this in the comments section below.