Consumer Law Associates: Red Flags to Know

Quick Answer: Consumer Law Associates successfully settled 3 out of 4 debts but failed with Chase, which typically doesn’t work with debt settlement companies. To settle the remaining Chase debt after account closure, the debtor should cancel the settlement service first, then contact Chase by phone rather than in writing for better response rates.“Dear Jared,I …

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Second Mortgage Settlement Led to a Judgment

Quick Answer: After a 2010 short sale, the homeowner faced a $46,000 judgment from First Citizens Bank for the remaining second mortgage debt, plus an $8,000 collection from Wells Fargo. The second lender refused to settle for less than 75% and obtained a judgment including attorney fees.“Dear Jared,I had to short sale one of my …

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