Finding a debt negotiation solution Should you hire a debt negotiation attorney
Facts about debt settlement services
Not exact matches
In
fact, according to a report by the New York City Bar Association, complaints to the Attorney General in that state
about debt settlement actually went up in 2011, after the new regulations came into force.
The typical articles found on the internet
about debt settlement concerning the IRS mentions the «
fact» that you will receive a 1099 - C and «will» pay income taxes on the amount forgiven as ordinary income.
In the instance of
debt settlement negotiations, talk
about what you are able to do, not
about the
fact that you are unable to fulfill the original terms of your agreement.
Unless and until the CCAs wake up to the
fact that they need to collectively start educating consumers
about the
debt settlement option, the entire industry is doomed to irrelevance as the existing DMP solution becomes replaced by internal bank programs (and consumers taking matters in their own hands via all the information readily available online nowadays).
There are many
debt settlement programs, but most people are confused
about how they work and if they do in
fact work.
In
fact, my advice to anyone attempting to settle their IRS tax
debt is to consult with as many IRS
debt settlement companies as possible, since it's likely that you can milk them for some information
about how best to proceed.
In
fact, the Canadian Bankers Association has said that only
about 10 % of deals that banks receive from
debt settlement companies, are actually accepted.
It is not uncommon to see
debt settlement sites make claims that
debt settlement is faster, cheaper and preferential to bankruptcy without giving consumers the
facts about bankruptcy in order to make an informed decision.
Debt settlement companies have been notorious for selling their services by not providing facts about other debt solutions they ment
Debt settlement companies have been notorious for selling their services by not providing
facts about other
debt solutions they ment
debt solutions they mention.
Usually
about once a month I'm told by a
debt collector or opposing counsel «your case is garbage for the following reasons...» That conversation usually ends with a
settlement offer, despite the
fact that my case «has no merit.»