Sentences with phrase «debt settlement companies promise»

Debt settlement companies promise to «reduce your debts by 70 %».

Now, you can understand why many debt settlement companies promise to settle your debts for 10 % to 60 % of the original debt amount.

Some debt settlement companies promise more than they deliver.

A debt settlement company promises to reduce your debt by 50 % or more, but there's no guarantee of that rate of success and the process usually takes three to four years, if the card company will even deal with debt settlement companies.

Not exact matches

Some companies offering debt settlement programs may not deliver on their promises, like their «guarantees» to settle all your credit card debts for 30 to 60 percent of the amount you owe.

Some debt settlement companies may charge high fees for their services or promise things they can not keep.

Unlike debt settlement firms, debt negotiation companies don't promise to help you pay off your debts completely.

The type of services covered under the new rules are companies that promise to 1) work with a creditor to settle the debt for a lesser amount than is owed, (debt settlement companies) 2) work with all of a consumer's unsecured creditors to promulgate a debt management plan to vary the terms of all such debts, under a debt management plan (debt management companies) and 3) negotiate with a creditor to lower the interest rate of the outstanding debt and / or waiver of certain debt fees, such as late fees or over the limit fees (debt negotiation companies).

There is no set formula, and don't let wishful thinking make you believe promises made by debt settlement companies and others feeding off your sense of fear or guilt.

Illinois Attorney General Lisa Madigan sued First American Tax Defense and Broadsword Student Advantage, two debt settlement companies that allegedly charged exorbitant upfront fees and promised bogus services to borrowers seeking alternative ways to repay student loan debt.

Many consumers still find themselves being charged late fees or having their missed payments and outstanding balances reported to the credit bureaus, even after a debt settlement company has promised to take care of business.

The attraction of the ability to pay less than you owe and avoid bankruptcy is HUGE and allowed settlement companies to charge large fees and encouraged sales people to make claims and promises for debt settlement that could not be fulfilled.

Finding a debt settlement company that can deliver on its promises is one of the biggest barriers to a comprehensive debt settlement.

Additionally, some debt settlement companies deceive consumers by making promises they do not keep and engaging in other illegal conduct (like charging fees before obtaining any settlements, in violation of the TSR).

Debt settlement / negotiation companies promise you quick results to get out of dDebt settlement / negotiation companies promise you quick results to get out of debtdebt.

Nationwide Asset Services, a company under investigation by the New York Attorney General, has disclosed that while Nationwide Asset Services promised consumers debt reductions of between 25 to 45 percent, in fact only 64 customers out of 1,981 actually completed the debt settlement plan.

Unfortunately, some of the less - than - ethical debt settlement companies have no problem lying to consumers and taking money without delivering any promised results.

Debt settlement / negotiation companies often promise you that they can cut your bills in half or more.

Often the company actually handling your debt settlement has no idea what promises have been made to you — nor any obligation to meet them.

Debt settlement companies, in particular, seek to attract consumers by promising to reduce consumers» debts by 50 % or more, stop harassing collection calls from debt collectors, and prevent lawsuDebt settlement companies, in particular, seek to attract consumers by promising to reduce consumers» debts by 50 % or more, stop harassing collection calls from debt collectors, and prevent lawsudebt collectors, and prevent lawsuits.

Mary thought she was doing the right thing by hiring a debt settlement company, which promised to reduce her bills and help her get out of debt.

Consumer affairs says fewer than 1 percent of all debt - settlement companies deliver what they promise.

No debt settlement company can realistically promise to eliminate all collection calls.

NY AG Andrew Cuomo is suing two debt settlement companies that «preyed on consumers» who couldn't pay their bills, promising to dramatically reduce their debts for a fee and then failing to deliver.