A new variation of the debt settlement process is appearing, the debt settlement hedge fund. Apparently the way this works is the debt settlement company has a relationship with a related hedge fund or pool of money that they can access to payoff an enrolled clients debt. The issue is if the debt settlement company …
Here is an excellent example of how confusing and convoluted the debt settlement industry has become. Phillips Financial is a debt settlement company that has people sign a contract for their services that includes services provided by seven different or interrelated companies. Imagine having to contract with seven different companies to get the services promised …
In doing research for an article I’m working on and I kept getting emails from a debt settlement company sales person saying I needed to check them out with the Settlement Rating System of America web site. The sales guy kept saying “You will see we have a AAA rating.” So I went over to …