Pacific Debt Inc.'s
debt consultants then use the money in the savings account to negotiate a settlement with the creditors.
Not exact matches
Ted Michalos: In fact if somebody's asking them for significant upfront fees,
then they're probably not dealing with a licensed trustee, they're dealing with someone called a
debt consultant and you don't want to get me going on these days cause that's a whole other program.
The
debt consultants charge you a fee and
then refer you to a trustee to implement the plan.
And that kind of raises the question, Ted, that wouldn't it be better
then to just go to one of these other options where there are no fees, there are no costs, something like credit counselling or one of these
debt consultants or something.
Fifth, many
debt consultants will meet with you, review your situation, charge you a fee, and
then refer you to an American bankruptcy attorney, or a Canadian bankruptcy trustee or consumer proposal administrator!