Today I was able to speak with Mike Croxson from CareOne about their performance fee
based debt settlement services.
Not exact matches
Debt collectors are subject to PIPEDA (unless regulated by a similar legislation
based on province, including Quebec, Alberta and British Columbia) as well as provincial laws such as Ontario's Collection and
Debt Settlement Services Act.
However, Attorney General Cuomo's Office has found that many of these
debt settlement plans are often flawed and,
based upon complaints, often mislead consumers about the nature of their
services.
With
settlement services, you are paying back your
debt, but at a reduced amount and
based on your income.
Frankly I found the TASC testimony that contained a regurgitation of the same old failed strategy of asking for more to be be vile, repugnant and an insult to both consumers and
debt settlement companies that work hard every day to do the right thing and provide an excellent
service under performance
based pricing models and who focus on enrolling consumers that are the most suitable for the
service.
With
debt settlement services your creditors will not get paid on a monthly
basis, but rather in lump sum payments at the time when
settlements occur.