i have debt and need to settle it?
I need a company and a phone number thanks
I need a company and a phone number thanks
Technorati Tags: number thanks, phone number
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STAY AWAY from any"debt consolidation" company that promises to cut your debt in half through debt settlement….This is a risky tactic of deliberately ceasing all payments to creditors and forcing your accounts into default to attempt settlements. You pay a monthly fee to a debt consolidator….this entire fee goes towards building a settlement account and to the consolidator’s fees to “settle” your accounts in the future. Your credit card companies will deliberately not be paid so that all the accounts will default/charge-off so that they can attempt settlements at around 50%. If you are current on your accounts, this process will ruin your credit rating for sure. Debt settlement is like a roll off the dice with your finances…You can never predict how your creditors will respond to the deliberate defaulting of your accounts…they might settle at 50%…or they might serve you a summons, take you to court…and if they win, you could be looking at wage garnishment.
None of these “debt consolidation” firms have the power to force your creditors to accept settlements. Your creditors have the right to refuse these terms and take you to court.
If you have already defaulted on your cards, then you can make your own settlements by yourself…see video below.
- Get all terms of any settlement deal you reach with debt collectors IN WRITING BEFORE you give them your money. This letter should state the settlement amount and that the account will be settled/paid in full upon receipt of this amount from you. Keep the letter in a safe place. Never accept settlement deals over the phone that are not backed up in written terms. If you don’t, the debt collectors will deny that any settlement was ever made once they get your “settlement” money and will come back demanding more money from you…or they will resell your account to another collection agency months/years later that will start the collection process all over again and you’ll have no proof that the account was paid in full.
September 2nd, 2010 at 4:37 pm- NEVER give out your checking account/bank routing numbers to debt collectors for making electronic debit payments.
If you have not defaulted, then they aren’t going to settle.
Okay.
The place to start is telling us who you owe the debt to…
September 2nd, 2010 at 4:37 pmtype it in on google, youll definitly find it there
September 2nd, 2010 at 4:37 pmYou do not need a company you need to take care of this yourself. Get your credit reports and start from there.
September 2nd, 2010 at 4:37 pm