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Debt Settlement

I Am a Washington State Client of Lloyd Ward Group. – Dave

Searching-right

“Dear Steve, I used Lloyd Ward Group to settle 6 unsecured credit card debts. I was charged approximently $4,500 for a $15,000 debt settlement. I live in Washington State. Are there any rules for the amount I should have been charged by the firm? I am unable to locate any information. I am refering to the article you published about ... Read More »

    How Does Debt Settlement Work? – Seth

    No problem

    “Dear Steve, My parents really need to figure out some way to get out of Debt. I just heard of a debt settlement. How do debt settlements work? And do you advise using them? Or should they just go with a debt consolidation? They have good credit, but really need a solution. Seth” Dear Seth, Let’s not get the solution ... Read More »

      I Got a Better Deal From My Creditor Than Through ClearOne Advantage. – John

      Handshake with Money Sign

      “Dear Steve, owe 11.800.00 maybe more since i have not paid them since loss or job about 4 months now clear one says they can get it down to about 7500 i have given clear one 250 for 4 months Currently enrolled in a ClearOne Advantage Program. Made approx. 4 payments. Clear one tells me I can settle my account ... Read More »

        I Signed Up With Freedom Debt Relief and it Feels Like the Wrong Choice Now. – Jim

        dog running

        “Dear Steve, i’m about $38,000 in credit card debt as a result of a divorce and an stupid lifestyle. I signed up with Freedom Debt Relief and after almost 4 months it feels like the wrong thing to do esp. after reading that some banks won’t deal with them and you end up in a bigger hole than what you ... Read More »

          I Was Going to Sign Up for Freedom Debt Relief But Should I Tackle It On My Own? – Jim

          signing

          “Dear Steve, Was ready to go over the falls and begin missing payments and signed up with Freedom Debt Relief. Nothing has gone wrong yet but i read the “fine” print and did a little research to find that this company is involved in class action suits in Colorado, California, Illinois and who know where else and an investigation in ... Read More »

            I Have Bad Credit and Want to Settle My Debt But Can’t Get a Loan. – Andrew

            magnifying glass and a Denied credit application form

            “Dear Steve, My name is Andrew and I need help. I used to be really good at budgeting and saving money. At age 20 I had $7000.00 in the bank and a credit score of over 750. I screwed up really bad. Most was my fault but some was not. I lost my job due to the economy back in ... Read More »

              Lloyd Ward & Associates Stopped Taking Money From Our Account. – Sue

              confused man

              “Dear Steve, I have been a client of Lloyd Ward Assoc. for a few years and am finally getting to the end of my debts. We have around $895.00 taken out of our account (personal bank) monthly to pay off our various debtors. We calculate that we will satisfy everyone by this March. This month, no monies were taken from ... Read More »

                I Negotiated Debt Settlements But Can’t Afford to Pay Them. – Steve

                credit card verification

                “Dear Steve, I recently went back to school to get my MBA – I graduated with it in 2009, but was unable to find a job in the finance industry, despite experience and the degree. I put the cost of school of credit cards and the debt spiralled out of control, and on top of additional debt I had, totaled ... Read More »

                  A Credit Repair Company Said If We Settle Our Own Debt it Will be Taken Off Our Credit Report. – Anne

                  "Credit rating" handwritten with white chalk on a blackboard

                  “Dear Steve, My husband and I had a financial meltdown 3 years ago. had to short sale our house, I wasnt able to work for medical and child reasons. Had got in over our heads with a large mortgage then ended up with large credit card debt trying to save our home.had approx $80000 in credit card debt. We were ... Read More »

                    I’m Looking at the Law Office of Robert Jacovetti to Help Eliminate My Debt. – Carolyn

                    Why?

                    “Dear Steve, I was scammed by Lloyd Ward debt relief and m now with Freedom debt relief. Despite what the contract says, they are now asking me to pay additional funds from my personal bank acct. I called Accredited Debt Relief and they said they are affiliated with Freedom and would not consider me as a client. I have since ... Read More »

                      Debt Pay Gateway Said They Could Reduce What I Owe. – Deborah

                      confused man

                      “Dear Steve, Just to many credit cards. Bad, bad mistake. I had a firm called Debt Pay Gateway Inc. Have you heard anything good or bad about them. They said they could reduce what I owe to probably 45%. They want to take so much money out of my checking each month. Thank you Deborah” Dear Deborah, Debt Pay Gateway ... Read More »

                        DebtPro123 is Taking Our Money But Vanished. – MJO

                        SONY DSC

                        “Dear Steve, My husband and I got in alot of debt. What I am telling you now, I am just uncovering. My husband handled the finances and I thought he was good at it. He recently passed away so I have had to start looking into all of this”mess” that we or shall I say “I” am in now. As ... Read More »

                          Is This Really Going to Be My Tax Liability When I Settle My Debt? – Joe

                          IRS

                          “Dear Steve, I understand that there may be tax liabilities on a Debt Settlement if you’re not Insolvent at the time. I know you’re not a Tax Man, but can you help me see if my assumptions are correct? $50,000 of Debt increases to $55,000 by settlement Settle at 40% = $22,000 Forgiven Debt Income = $33,000 Wife and I ... Read More »

                            Can I Settle My Debt Myself? – Harvey

                            Handshake with Money Sign

                            “Dear Steve, I was wondering if it’s advantageous to try and settle multiple cards at one time? The 4 cards will charge off in March (within about 20 days of each other). I will have access to some money by then. With that and a tax return, I might have enough to settle them together. Should I mention to each ... Read More »

                              My Capital One Account is Higher Now Than When I Enrolled in the Debt Settlement Program. – Maureen

                              Why?

                              “Dear Steve, My question is this: I am enrolled in a debt consolidation program with care one. I have already settled 2 of the 3 accounts that are part of my plan. The last one to be settled is a capital one account. I talked to care one today regarding my account and they told my that the company representing ... Read More »

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