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Debt Settlement

Success Link Processing Won’t Give Me My Money Back

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Question: Dear Steve, I was enrolled in a program Success Link Processing through a company I saw in the Filipino Channel. The company I saw was Financial Rescue LLC owned by Rod Mercado. He promised us that our problems will go away if we enroll in his program, the said company Success Link Processing LLC. We did not know he ... Read More »

    Persels and Associates Closed and I’m Being Chased for a Debt They Settled

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    Question: Dear Steve, About 4 yrs ago, my husband and I were completely in credit card debt. We went through Persels and associates. I know what you’re thinking, NO DEBT CONSOLIDATION LOL! Anyway we were well on our way to being debt free. This past June, we paid off our last creditor. It felt so good! Well, I am now ... Read More »

      My Bank Won’t Work With Me So I Can Pay My Debt

      Inside view of an antique combination lock of bank Mandiri in Jakarta, Indonesia

      Question: Dear Steve, The bank called me and told me that I must pay 12600 first before I can apply for account restructuring with an interest rate of 1%. I was not able to pay it as of now because I am jobless. What should I do or how should I respond to the threats of a law firm that ... Read More »

        My Mom is Dealing With US Legal Services Group. – Jillian

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        Question: Dear Steve, My mom needs help with this she has been paying U.S. Legal Services Group for more then 3 years now. Now they are switching to Global Client Solutions and sent her a check and told her the accounts haven’t been paid for 3 months. She has been paying them $500 a month all this time. What should ... Read More »

          Reader Says Debt Relief Company PCG Swore At Her

          PCG Debt Relief Mailer Letter

          Question: Dear Steve, I received a letter stating that “:Their records indicated that my total bank card balance renegotiation has not been verified. Our underwriting department has pre-qualified me for this re-negotiation due to these specific qualifications……. They state I owe $22,500.00. This is false. I don’t owe anyone that much money on any of my credit cards. I feel ... Read More »

            Morgan Drexen Lied to Me. What Can I Do? How Do I Get My Money Back?

            Credit Card Financial Relief Planed Flag

            Question: Dear Steve, I entered into an agreement with Morgan Drexen for debt settlement. I paid them in excess of $3000. and they did nothing to help me. They lied to me several times regarding where my money went. What recourse do I have? Thank you. Answer: Normally I’d suggest you follow my guide How to Try to Get a ... Read More »

              When To Do Nothing About Overwhelming Credit Card Bills

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              I answer many reader submitted debt and credit questions that are submitted to my site using the “Ask Michael” feature. From time to time I receive enough information of someone’s current hardship, as well as a clear picture of monthly cash flow and bills, to be direct with my feedback, rather than offering generalities with my own follow up questions ... Read More »

                Should I Eliminate My Debt With Debt Settlement or a Debt Negotiator?

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                “Dear Steve, I am looking for help to get my debts in order. I owe approx. $30,000 (9) credit cards, (1) loan. The accounts are all closed and are shown as being charge offs. I don’t know if I should go the Debt Settlement route or Debt Negotiator route. I’m starting to get phone calls and letters from these creditors ... Read More »

                  How to Call Your Bank and Negotiate Credit Card Debt Yourself

                  Bank

                  If you have been following the early tips I suggest for how to negotiate and settle directly with your credit card bank, you have already had several “just calling to keep you posted” conversations with your bank (I recommend you call your lender once a month, or every several weeks, up to month 5 of being late with payments). If ... Read More »

                    Want to Settle Discover Credit Card Sending Dispute and Debt Validation

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                    This post was inspired by my comment exchange with a site reader about negotiating a settlement with a Discover credit card that is now in the hands of a collections law firm. My comment would have been too lengthy a reply on the page the discussion originated, and this is also something that is not all that topical to the ... Read More »

                      Settling a Three Month Old Debt

                      Debt Settlement Advice

                      “Dear Michael, I have just sold some real estate and I would like to can I negotiate to reduce the balances of my (unsecured and secured) loans BEFORE I pay them off? Is this possible? Patti” Creditors agreeing to accept less than the full balance of what you owe them, when they have not been paid for 90 plus days, ... Read More »

                        Ferry & Nichols Said Barclay’s Bank Sued Me. – Amanda

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                        “Dear Steve, I just received a letter in the mail from Ferry & Nicholas, Inc., which reads almost identical to the letter from them posted on your website. They indicated Barclay’s Bank has filed a claim against me and the Sherrif will serve me soon. They also stated the creditor may attach my checking account. They provided me a case ... Read More »

                          American Debt Mediators Scares Woman

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                          “Dear Steve, She has been scammed, and it is affecting her health. I sometimes wish I hadn’t said anything to her. Please advise me how to help her. I have worked in small claims court and have a feel for the process. But I told her this was a scam and now she is scared to death. I need to ... Read More »

                            Can I Trust Debt Settlement Companies Who Promise Big Results? – Lisa

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                            “Dear Damon, I am $30,000 in debt. What would be your advice in dealing with companies of debt settlements who claims to reduce your debt by 50% and charges you 20-23% interest if your total debt? Lisa” Hello Lisa, I think a majority of debt settlement programs are bad news. I can comfortably say that you should stay away from ... Read More »

                              We Are On Disability and Social Security and the Debt Settlement Company Says They Can Help. – Brett

                              scammer

                              “Dear Damon, I am on disability with a an income less than 30% of my working income. My wife has a start-up business that continues to lose money and has been unsuccessful at finding a job. During the last 6 years on disability we burned through our savings as well as accumulating about $200,000 in unsecured credit card debt. Although ... Read More »

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