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
Question: Dear Steve, In January 2021, I signed with Worden & Associates/Global Holdings LLC to handle my Debt Settlement situation. At that time, I was $7186 in credit card debt. I was told it would take 4 1/2 years to make a $170.99 monthly payment. They have settled 3 of the five credit card companies. … Read more
Question: Dear Steve, Spring Legal Group, a debt resolution group. They are supposed to be helping, and about $4000+ has been automatically deducted from my checking account. It went to a “third party” holding financial institution. Today I reviewed the account (8/27/2021), and there is only $97 in that account. The review shows all kinds … Read more
Question: Dear Steve, I’m about 17k in debt, and I throw away most mailers I receive. However, I had women knock on my door tonight in regards to Better Path Financial. Have you ever heard of this place, and is it a scam? Better Path Financial? I can’t find any bad reviews, and yes, that’s … Read more