I agreed to a settlement program and have already paid more than the 15% in fees, because they say the first payments were not fees, but were setup charges. It was more than $7000 so it can’t be set up fees. They have made payments to the credit card companies but only one of them …
WXYZ just ran a story warning warning consumers to beware of debt settlement companies that charge fees. It was yet another public notification that things in the debt settlement world when it comes to fees are going to change on October 27, 2010. The more that message can get out there, the better. As more …
“Dear Steve, I have a lot of unsecured credit card debt (around $70,000). I hear about debt relief, debt settlement, debt reduction companies all the time, but it seems most are not very good. I gert the feeling that most clients are NOT happy with the debt relief companies they are using. 1). Are there …
Illinois Attorney General Lisa Madigan is backing legislation to ban debt-settlement companies from charging upfront or monthly fees and that caps payments to firms promising to reduce credit card debt. The legislation would cap fees at 5 percent of the savings resulting from settling a debt, rather than a percentage of debt enrolled. It also …
“Dear Steve, I emailed you yesterday and was not very clear about my situation. I would like to start by saying I am scared,confused and feel like I made the wrong decision when I chose to go the debt settlemnt route-especially now with everything I am reading. At the end of December I contacted Freedom …
Missouri Attorney General Chris Koster will meet with both Secretary of the Treasury Tim Geithner and Attorney General Eric Holder in Washington, D.C. to discuss Missouri’s efforts to pursue businesses engaged in mortgage fraud. Geithner and Holder invited Koster and several other Attorneys General from around the nation to meet with them to discuss the …