Sentences with phrase «debt settlement firms as»

The Federal Trade Commission warns consumers to research debt settlement firms as diligently as possible before choosing to enter a debt settlement program.

But if you choose to use a debt settlement firm as a middleman, take note of a recent rule overhaul by the Federal Trade Commission (FTC).

Skip using a debt settlement firm as a middle man to avoid fees or potential scams.

For exactly the reasons you outline, creditors and agencies have taken an adversarial stance against the industry at large and come to view the involvement of a debt settlement firm as being a hindrance rather than a benefit.

Not exact matches

If we stick with 50 % are then there is this bit, «While this adoption is significant, still, roughly half of the firms responding to the surveys each of the past two years indicated that they still did not work with debt settlement companies as part of their collection strategy.»

«While this adoption is significant, still, roughly half of the firms responding to the surveys each of the past two years indicated that they still did not work with debt settlement companies as part of their collection strategy.»

In October 2007, Maryland Attorney General Doug Gansler announced that his office's Consumer Protection Division had reached a settlement with Richard Brennan, the Law Offices of Richard Brennan, LLC, and a related company called American Telecommunications Solutions LLC (collectively referred to as the Brennan Law Firm) in connection with their debt management and debt settlement services.

The debt settlement firm, amongst other things, will act as a middleman between you and your creditors, help you accumulate the money for your settlements and negotiate and pay the settlements when the time comes.

For example, a debt negotiation company who gets your creditors to accept a settlement payment on your account is better known as a debt settlement firm.

In many ways they are, as the differences between how debt settlement law firms and companies are quite stark.

Some debt settlement firms have been making face - to - face presentations and charging a fee upfront but these firms are exempt from the Telemarketing Sales Rule as long as they have a face - to - face meeting with the consumer before the consumer agrees to use the firm and before any payment by the consumer to the firm.

RIP - OFF ALERT: Debt - settlement firms are allegedly masquerading as law firms and collecting retainer fees with the promise of reducing credit...

RIP - OFF ALERT: Debt - settlement firms are allegedly masquerading as law firms and collecting retainer fees with the promise of reducing credit card debt to pennies on the dollDebt - settlement firms are allegedly masquerading as law firms and collecting retainer fees with the promise of reducing credit card debt to pennies on the dolldebt to pennies on the dollars.

Unfortunately, the rules also left what USOBA views as gaping loophole, which allows makeshift law firms and nonprofits to continue operating debt settlement companies.

As a final step to remediate debt problems and avoid bankruptcy, a nonprofit debt settlement firm negotiates with creditors to reduce what you owe in exchange for a workable payment plan that you commit to.

Since Doan Law Firm is recognized nationwide as one of the Largest Bankruptcy Filing Firms, filing thousands of Bankruptcy Cases each year, creditors really listen to us when we propose Debt Settlement to resolve debts with a token amount of money, as opposed to Bankruptcy where they get nothing at all.

'' If a firm accepts a customer's offer to settle a debt, it must communicate formally and unequivocally that the offer accompanied by the relevant payment has been accepted as settlement of the customer's liability.»

Cuomo's office issued subpoenas to 14 debt settlement companies and 1 law firm as a part of this broader investigation.

In some cases, the debt settlement firm may be able to get your credit card company to accept as little as 50 % of the debt you owe them.

In the vast majority of cases the debt settlements come within the estimates given by the credit card debt relief firms as well.

Payment to the debt relief firm can be on a flat fee basis calculated as a percentage of the total debt or a percentage based on the money saved through debt settlements.

Firms who perform this type of work may identify themselves as debt management, debt reduction, debt relief, debt workout, debt settlement or a host of other names inferring they help with debt even sometimes including debt consolidation.

While the federal government in many ways regulates debt settlement in addition to state governments, it's important that you as the consumer follow up with any firm you work with to find out if they are able to legally provide services in your state.

One sign that a debt settlement firm is reputable is that it is a member of an industry trade association such as The Association of Settlement Companies, of which Garneau and Schumann - Dodson are boarsettlement firm is reputable is that it is a member of an industry trade association such as The Association of Settlement Companies, of which Garneau and Schumann - Dodson are boarSettlement Companies, of which Garneau and Schumann - Dodson are board members.

Any reputable debt settlement firm endorses the special purpose account as the most effective method of client savings.

I have a debt relief law firm that offers all kinds of debt relief help such as student loan debt relief, credit card debt settlement, credit repair, debt lawsuit defense and more.

Attorney General Lisa Madigan and Acting Secretary of the Illinois Department of Financial and Professional Regulation (IDFPR) Michael T. McRaith warned consumers facing significant credit card debt about the risks of debt settlement offers as she announced two lawsuits filed against debt settlement firms.

This couple forwarded a copy of the contract they signed for a debt settlement option with a debt settlement company, which is NOT the same thing as a debt settlement law firm.

As bankruptcy attorneys, the firm has over 20 years of experience helping people out of debt, either through a Chapter 7 or Chapter 13 bankruptcy, or through debt settlement negotiations.

Placing between 175 - 225 calls per day as a Debt Collector for numerous financial firms, assisting borrowers in clearing their breach accounts through proper loan assessment, renegotiation, and settlement of outstanding balances.