It seems like they dropped the ball. Can I stop paying the blance of the service fee and negotiate with the creditors by myself? or the debt settlement company still have the right to sue me or something?
I work for a debt settlement company, and I’m very curious as to the impact of this to our nations economy. Do you think we are making things worst by negotiating debts? Do you see this industry going down anytime soon?
What are the effects of debt settlement to our nations economy?
because I thought the credit card company may not accept the offer of 40% or 50% of the debt.. and sue in court and win a garnishment.
The debt settlement gentleman on the phone said "don’t worry, less than 1% of people who sign up with us get sued", therefore I feel everyone can rack up huge credit card debt and sign up for it to only owe half or less.
Can you settle debt with a credit card company even in good standing?
I am making minimum payments with a few credit card companies but could have trouble paying these in the future. I don’t want to go through a debt consolidation company or a debt settlement company. Is it possible to call on my own and warn them I will file for bankruptcy and ask to settle before I stop paying for 30-90 days like most experts say? Can someone give me their advice or opinion on this? Thanks
I had enquired to them about debt settlement and they said because of their long-standing relationship with credit card companies, they were able to settle my debt for $.40 on the dollar. I just wanted to know if they were a legit company and if anyone had heard anything about them before.
I am debating on going the credit cousneling/ bankrtupcy route or going to credit solutions for a debt settlement. Is it any good? i cnat do it unless they get the stuff talked WAY DOWN cause i cant afford the minimums on my stuff now.
Just finished school, and right now i cant pay all my bills, my credit sucks, and not sure what i should do. Is it better to do debt settlement, or bankruptcy, or just like the bills continue to go unpaid until i get a real job and just have the creditor calling me every day?
I wanted to send them a debt settlement offer via letter/mail but I thought maybe calling them might be better. And once we reach an agreement on a settlement amount, then ask them to send me a letter of acceptance of our verbal agreement or just write up the terms discusses before I send a check.
Should I go about it via phone or mail?? I know to get EVERYTHING IN WRITING before paying but I mean just the initial discussing offer amount??? THANKS!
I have been trying to eliminate my credit card debt. I have managed to pay off 2 cards, I am currently working on a thrid, but I have 3 more with high balances, about 20,000.
My husband wants me to file bankruptcy.
Should I continue with the settlement or look into filing bankruptcy?
Thanks
i am already in a debt settlement, but it is taking longer than expected. my credit is already unhealthy. i wanted to know if i should continue with the settlement or look into bankruptcy.
I’m trying to get out of over grand of credit card debt. I was told by The Credit Exchange that debt settlement (with lawyers, when you put away a monthly fee into an account) is cheaper than consolidating/counseling. Which is safer? Did you have much luck with either? Any help would be appreciated!
I’m sending a debt settlement offer to a collections agency and need to know if it should be hand written or typed. And i also read that i shouldnt sign it. Should i sign it or not?
I was over my head in payday loans. I went with a payday loan debt settlement place who has settled my debts, but one of our payday loans claims they have recieved their payment AFTER I closed my checking account where they ACH the payments. My Bank has made it clear that not one person has access to our savings account. How the heck are these people able to get their money when the account is closed, and there is no funds there anyways
I just got separated from my husband a few months ago and ever since then he has not helped me pay for any of our credit card bills. We owe a little over ,000 and most cards are unfortunately under my name because I had better credit score than him. One of the creditors started raising up the minimum monthly payment over 200% and the APR went up to 34 and I hadn’t even been late on it yet. I have not been able to pay on this particular account for a couple of months now and I’ve been getting letters where they say they can help me lower the APR and what not but first they want me to pay 00 to see IF I qualify. Would it be better to do debt settlement, consolidation or should I keep trying to work w/ the credit card company myself? And what companies would you recommend me using if any at all? Help!
A credit card company that i have been paying off slowly, offered me a debt settlement… will this hurt me more than paying the company off slowly? The settlement is significantly less the debt.
Has any ever, or know if you can, dispute charges made by a debt consolidation or debt settlement company. they refuse to refund my money because I signed a contract, even though they did not perform the services in which I was paying for. ANY HELP HELPS!!!!!
Has anyone gone through a debt settlement company to resolve their debt?
I am considering debt settlement…Obviously the companies I have talked to say it is a good thing but has anyone done this? Is it good or bad? Any help or advice??
I joined a debt settlement agency in august because i couldn’t keep up with my credit card debt. They took on all but one of my cards. I have gotten notices from VISA and AMEX offering to "opt out" and lower my APR, but this is not helpful, I still don’t have the money to pay. I wrote back telling them this and forwarded it to the company who is supposed to be my POA. They (the debt settlement people) just responded with telling me to continue to do what I’m doing but to date, none of my creditors have settled with them. I’m worried about what to do and don’t want any surprises. Should I just try and file bankruptcy?
I am about to be late on my credit card payment and was considering debt consolidation or maybe debt settlement. Right now I owe about ,000 and have to pay around 0 a month to credit cards at 21%apr.
Should I just stop paying and go into debt consolidation/debt settlement?
I hear a lot about debt settlement. How exactly does is it work? Can anyone recommend a good company?
I’m wanting to do a debt settlement with Target National Bank and also HSBC? Has anyone done any settlement with either of these companies? What do you suggest?
Hi yahoo answers i don’t know about the debt settlement …Will it improves my credit rates…
Has anyone ever done credit counseling or debt settlement? I am looking for an option other then BK. Any advise?
Got a debt settlement letter in the mail today of a prior debt years ago. Gives me 3 payment options but I was wondering if i can still send or ask for a pay for deletion? Also would it have to be within the time frame of the settlement date in order to still qualify for the agreement if i send the letter anyway?
the account is 3 years … i believe its 7 in order to get wiped off correct?
So what is the difference between a CCCS and a debt settlement company? What are some pros and cons of each.
How successful is debt settlement?
I am trying to repair my credit by sending debt settlement letters to the collections agencies listed on my credit report, but they are not being cooperative. Most are saying they CANNOT settle the debt nor are they willing to delete the listing from my credit report after the debt had been paid. I don’t trust any of these non profit credit counselors, but I need some guidance. I am begining to lose hope that this is even worth the trouble. Any advise?
I am trying to repair my credit by sending debt settlement letters to the collections agencies listed on my credit report, but they are not being cooperative. Most are saying they CANNOT settle the debt nor are they willing to delete the listing from my credit report after the debt had been paid. I don’t trust any of these non profit credit counselors, but I need some guidance. I am begining to lose hope that this is even worth the trouble. Any advise?
Can debt consolidation and/or debt settlement with the Credit Card co. hurt my credit?
Hello,
I know someone in tremendous debt, greater than 75,000. For Christmas, I would like to give them the gift of some kind of consultation with someone who can help, something like a debt settlement company or a credit counseling company, something like that. This is, it HAS to be something good/ high quality, and in Brooklyn, NY, or perhaps in Manhattan as a last resort. Any help will be GREATLY appreciated!
thanks!