Unfortunately,
debt relief companies often do what's best for their bottom line, rather than what's best for their customers.
Not exact matches
«
Debt relief or settlement
companies often claim that they can work with your creditors to reduce the amount of money you owe, but that doesn't necessarily mean your loan will settle,» said Dudum.
The BBB takes their time during this phase; it can
often take more than two months for them to finish reviewing a
debt relief company's history, material, websites and much more.
Prior to the
debt relief laws that now prohibit upfront payments for many
debt settlement
companies, debtors would
often pay into a
debt settlement program for months and never see any progress.
Newspaper outlets and financial planners
often list this
company as the preferred choice for
debt relief, for a number of reasons.
It's
often difficult to know how much
debt relief will cost, so you should ask
companies to give you upfront quotes.
Some debtors fall victim to shady
debt relief companies who
often make everything worse.
Offering an alternative to credit counseling,
debt consolidation and bankruptcy, the
company's
debt relief program helps clients resolve their unsecured
debt,
often in 24 to 48 months.
Beware of «
debt relief»
companies that charge (
often a lot of money) for these same services that you can do for free.
The 77 million Americans pursued and
often harassed by
debt collection agencies won a moment of
relief when the Consumer Financial Protection Bureau (CFPB) ordered the nation's two largest
debt buying
companies to stop collecting on $ 128 million in
debt and...
All of these statistics show that, although New Yorkers seem to be in a slightly better financial situation than residents of other states, consumers
often need the services of a New York
debt relief company.
In order for your
company to fully resolve a person's
debt issues,
often it will take more than one
debt relief program.
It's ironic that making bankruptcy more complicated may actually entice
debt relief companies to recommend bankruptcy more
often, since they can charge extra for the additional complications and paperwork.
Often a failed program is due to the consumer lying to the
debt relief company about their real situation, they have more
debt, do not tell them about all their credit cards, stop saving to pay off the
debt and so on.
If you have been sued by Iver Capital for payday loan
debt, then beware of payday loan
debt relief «
companies» who
often prey on vulnerable borrowers already in
debt.
Often times, these
companies are not knowledgeable in the area of
debt relief and are more focused on their own profits than they are on helping you.