Debt Settlement: The Truth About Debt Settlement

[roxcyn]

A lot of times you can call the companies yourself to agree to a settlement. It would take more time than other paid companies but then you can keep your own money instead of having to pay them!

[betsydollar]

thanks for the info...check out my video?

[blackbelted]

He is spot on my wife and I tried to go threw consumer law group they said they settle with Us bank we had a balance of 6200.00 they settle for 600.00 wow what a deal but US bank still keeped our account open and still owing 5400.00 and we were still getting sewed from other creditors what a wast of money finally filed bankruptcy 13 and the payment was the same per month imagin that!

[nancyllang]

Due to the recession, credit card companies are now offering bail-out programs. To see if you qualify, visit us @ debt-freesolutions.blogspot.co­m

[debtsettlementstory]

This is a good start to the debt settlement conversation.

There are a lot of unscrupulous companies out there.

I used a company called Consumer Recovery Network that charged me $1150 to settle $130,000 of unsecured debt. It took 6 months and my final settlement amount was $40,000 or 28 cents on the dollar. Their fee of $1150 was minuscule compared to other companies whose fees were on average $10,000..or more!

I am blogging about it at debtsettlementstory (dot) com

[ysmaelle072278]

You be better off filling for bankruptcy. They might settle with all your debts but your credit card companies dont have obligation to talk to these people. Also if they will settle your account.. IRS will charge you with those accounts they settled as your INCOME..When you enrolled to this.. it will destroy your credit also because you are not making payments. Lastly, bankruptcy will only cost you at least $2,000 dollars for lawyers fee this program.. they will charge you.. at least 5g

[Koolwalk1]

I went through Credit Solutions I saved the money in my own account, and they informed me of all the potential negatives. A part of the agreement is that it would show up on my credit as paid not settled as so far that's what has happened. Not all debt settlement companies are bad. I called and talked to Lee at 1-800-950-5313

[mitchellberry]

credit solutions is one of the WORST companies to go with. they don't actually settle your accounts. they just steal your money. thats why there's a massive class action lawsuit against them. and, they have an affiliate program to get more clients. thats why this person is posting this. DO NOT go with that company.

[valentinrobert1]

Please do your research, the clients funds are held in their own escrow account, not the debt settlement companies account. Second, If a creditor decides to sue there are many variables that come into play, most importantly state legislation, some states do not allow wage garnishment. Debt settlement offers many advantages which you failed to list. Please do your research

[dascoat4msu]

I really wish there was some rating of debt settement companies

[joseacevedo559]

hi your video was verry informational. i actualy just started doing debt settlements with a company but all the suposed pitfalls were explained to the clyents that i have. the only thing i didnt know about is the 1099 form but we offer a module to rerout the call to our office and if the attorney starts taking legal action that account is just settled immediately assuming they have the money in the account to settle that debt. but im new at this and thank you for opening my eyes more.

[Saintapache]

Get rich quick another one hey lol !!! Just work and preach down with captialism