Question: Dear Steve, I stupidly signed up with WyoLaw Firm, LLC (formerly Summit Law Firm) in February 2019 for debt reorganization due to extensive medical bills, etc. They promised my debts would be paid off and cleared in 2 years, but it has been absolute HELL ever since signing up with them! I went from … Read more
Question: Dear Steve, I entered a debt consolidation program with a popular company I read the reviews on the Better Business Bureau website about this company obviously too late they’ve taken over $10,000 from me. They have returned approximately $3,000. Is there any recourse for this type of action? They have seem to covered all … Read more
Question: Dear Steve, My husband and I have gotten into a lot of credit card debt due to many factors and poor financial decisions. It has gotten to the point that we have to keep using credit because so much of our cash goes to payments. After all, we always pay over the minimum. The … Read more
Question: Dear Steve, I have seen you know a little about ClearOne Advantage debt settlement, and I went with them thinking it was the best solution for me. But now, I am a little skeptical and scared. I have never been late on a single credit card payment in my life, and now I’m one … Read more
Question: Dear Steve, I contacted Litigation Practice Group after they had sent me a letter saying they could help with my debt, this was in Aug 2021. Since then the only thing they have done is collect $252.51 each month. And on Dec 8 2021 I canceled my contract right after I contacted my debtors … Read more
Question: Dear Steve, I received a letter in the mail from the credit association that I qualified to cut my debt in half with their program. I called the number and spoke with someone. I asked A LOT of questions. Bottom line, I ended up signing an agreement with them that they would cut my … Read more
Question: Dear Steve, I had many personal issues happen at one time that caused me to get into $60K of credit card debt. I ended up getting connected to a company called Spring Legal Group. Their business model was taking my $63K of debt and reducing it to $45K by making monthly payments at 0% … Read more
Question: Dear Steve, Two years ago, My credit report was horrible; all kinds of things in collections. My credit score was 519, my wife was 430, and she had no credit when she did have only collections. In 2 years, I cleaned everything up except for like three things with a total of less than … Read more
Question: Dear Steve, I’m trying to decide if I should use a debt settlement company for a consolidation loan. If you have an excellent payment history and now you’re deciding to settle those debts, would it be better to consolidate them and pay them off in full or get a settlement company to settle them? … Read more
Q: Is it legal for a mortgage company to all of a sudden demand a deferment balance from 10 years ago now, or will they foreclose on the home I am one month behind on the monthly payment? A: That sounds a lot like a balloon mortgage (a mortgage in which a large portion of … Read more
Question: Dear Steve, My partners and I became very upside down when we did an investment property. One of the partners has had to file bankruptcy. The other put some of the debt on his home and still has some outstanding accounts. We are just deciding what the next steps are to take to get … Read more
Question: Dear Steve, I have about $20,000 credit card debt I signed with Litigation Practice Group attorneys. I pay $270 per mo I have not heard from them. When I call, I get a receptionist that knows nothing that is going on. I am getting worried that I may have made a mistake. Please advise. … Read more
Question: Dear Steve, I’m married to a husband that refused to listen to me about taking out too many loans, and the COVID pandemic did not help matters. We are over our heads in debt, and he decided to get another loan (he currently has six loans). One of the reasons he applied for the … Read more
The Governor of California has just approved AB 1405 regarding debt settlement practices. Considering the number of debt settlement companies located in especially Southern California, this should create some new risks and liabilities for them. The new law targets not only the companies that sell and perform settlements but also the payment processors as well. … Read more
Question: Dear Steve, I recently signed up with Coast Processing, now LPG Litigation Practice Group. So far they have taken 3 payments of $254.06. I am about $12,000 in credit card debt and 4 months with no payments to the credit cards. They say with the program after 36 months my credit is repaired. That … Read more