Posts about debt settlement, covering how it works, its impact on credit, potential risks, and alternatives to help you make informed financial decisions.
Imagine this: You’re sipping coffee when your phone rings. Unknown number. You ignore it. Five seconds later, it rings again. Same number. You sigh, answer, and suddenly… it’s a debt collector demanding payment NOW or else. Your heart pounds. Do you:A) Hang up and pretend you never got the call?B) Try to negotiate, hoping they’ll …
I recently wrote about the number of lawsuits Litigation Practice Group recently disclosed. Along comes a Litigation Practice Group contract, and I thought if I reviewed it, this might help people better understand this agreement and clear up any confusion. You can see my notes below each page. LPG says they will provide you with …
A reader asked me about Cardinal Law Center. He is a business executive in the debt relief industry and received an email that mentioned Cardinal Law Center and Option One Processing. The email said, “We are a full-service debt settlement back-end service provider with the most competitive commission pay outs in the industry.” It also …
Attorney Chantel Grant probably feels like she was treated unfairly in a recent Florida Bar arbitration decision. I’m assuming she feels this way because she had to pay back a consumer $4,796 for student loan debt relief assistance. This assistance is said to have included many popular tactics to attack debt. These included “an aggressive …
Readers have all the best questions. Inquiries if one or another company is legitimate are very difficult to answer. For the record, I’ve written about American Debt Relief in the past. You can see American Debt Relief posts here. The word legitimate is a lot like the word scam. You never know what exactly the …
My No B.S. Guide to What Works and What’s a Scam Debt settlement is like buying a used car from a guy in a dark alley—you might get a great deal, or you might get completely screwed. It’s been around forever, as old as borrowing itself, but these days, it’s been turned into a gold …
I was sent the audio of a debt relief call with a settlement agency that would be recognized if I identified them. The caller in this case asks some very good questions when it comes to fees. You can listen to the call below or here. This company makes the pitch later in the call …
Question: Dear Steve, I was scammed by Prime Solutions for over $10,000. I only found out when I received a letter to appear in court for not paying off the debt. Can I ever get back the money I lost? How? Susan Answer: Dear Susan, It appears that Prime Solutions has appeared on the site …
California is getting ready to pass AB-1405 titled “Fair Debt Settlement Practices Act.” Ironically, a number of settlement companies are located in California, Irvine in particular. Unless something magical happens the bill will pass. As it stands today, the bill has some serious consequences for settlement companies. This can be of no surprise to an …
An email went out recently that said it should be shared with a friend, and that’s what a friend did. In January of 2021, the debt settlement industry started a new trade group, Consumer Debt Relief Initiative (CDRI). – Source But then another debt settlement industry trade group swept the legs out from under the …