Connecticut ordered CDS Financial, David Lugo, and Kevin Lugo to cease and desist and pay restitution. I flagged the same address and manager back in 2019.
Quick Answer: Debt settlement is legitimate but risky, allowing people to pay 40-60% of what they owe to creditors. However, it requires stopping payments for 90-180 days, damages credit scores, and often involves collection calls and potential legal action before any settlement occurs.Imagine this: You’re sipping coffee when your phone rings. Unknown number. You ignore …
Quick Answer: Credit card companies may negotiate lower balances through debt settlement, but they rarely agree unless they believe it’s the best deal available. Most companies won’t negotiate until payments are missed for several months, which damages credit scores significantly.“Dear Steve,Can I call a credit card company and ask them to lower the amount and …
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