Debt settlement is not a monolithic debt relief solution. I like to say debt settlement is like an onion. It has layers. There are several forms of tackling your debt using settlement. All are distinctly different, and understanding the differences is important to make the best choices for you and your situation. For example, you …
Question: Dear Steve, Based on your knowledge and experience in debt settlement, what are the top 5 companies you’d recommend? I continue to get offers from companies. They tell me my current one isn’t good. They are a 3rd party and say you should be with a law firm, etc. Tracey Answer: Dear Tracey, First, …
Question: Dear Steve, I purchased a beautiful home two years ago, in June of 2020. The real estate market just recently boomed, and I discovered I could sell my house and make nearly $100,000 to get myself out of debt. However, I do not wish to sell the beautiful home that I purchased. I would …
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? …
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 …
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 …
This time Damon Day and Steve talk about debt settlement. Or at least that’s what the podcast was supposed to focus on. It didn’t take long before it ran off the rails. But the show covers: What is debt settlement? What debt settlement is not. Is debt settlement always the best solution? Does debt settlement …
Question: Dear Steve, I have 2 charged-off accounts, and I want to call and try to pay towards debt but can only afford about 100 per month. Will they work with me.. capital one and discover Will, the creditors work with me. Hope Answer: Dear Hope, The answer is not what you would expect. Here …
Since I spend my day researching important consumer debt issues, I thought I’d share with you the material that I found most fascinating today: Student Loan Losses Seen Costing U.S. More Than $400 Billion “The U.S. government stands to lose more than $400 billion from the federal student loan program, an internal analysis shows, approaching …
Here is my definitive guide on how to get out of a scam and get your best shot at getting your money back. Warning, it will take some work, but it can be effective. “The steps listed in How to Try to Get a Refund From a Debt Relief Company should represent a consumer dropping …