On January 28, 2013, I received a telephone call from a Nicholas Paul and his conversation was concerning my outstanding debts.
He sort of used high pressure tactics to get me to enroll with a program with the Herman Law Firm to help negotiate terms with my creditors to clear my debts.
However, later on upon further research and communication with this law office, the monthly fee that would be debited to my account twice a month amounting to $13,500.00, would not be used from paying my creditors but instead would be a legal fee paid to the law firm I suppose to remove these debts. Do you have any background information regarding this company? Thank You!
Law Offices of: Paul A. Herman, P.A., 20423 SR 7, Suite F6-477, Boca Raton, Fl
33498-6747, Telephone (56l)910-7889, www.paherman.com
You can read past stories that included Paul Herman on this site by clicking this link.
The Federal Trade Commission passed regulations a few years ago outlawing advanced fee debt relief services under the Telemarketing Sales Rules. Attorneys feel they have an exemption from those rules.
Without knowing anything more about your situation I 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.
Once you’ve identified a company you want to work with, then follow my step-by-step guide on what you should look for and expect from a good debt relief company.
Please post your responses and follow-up messages to me on this in the comments section below.