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.
Not exact matches
After all,
even if the door closes on the current
debt -
settlement model — if the industry's history is anything to go by — another is bound to open.
The
settlement firm is not allowed to collect a fee for all these
debts even after the first
debt has been settled.
Most bankruptcy
settlements will not discharge your student loan
debt, and you will be responsible for paying it
even after your proceedings.
Even after blowing through the $ 50,000 cash
settlement from her divorce, she then went on to rack up nearly $ 44,000 in liabilities from loans and credit
debt.
«The reality is that,
after enrolling in a
debt settlement program, consumers too often find themselves in
even worse financial straits.
I pulled my credit report today 45 days
after our closing and to my suprise my credit score
even after foregoing mortgage payments for the entire process has climbed back up 120 points now that
debt shows paid in full with a statement of «Pays as agreed» and with a comment of «Paid account / Zero balance -
Settlement accepted on this account».
Christian Zimmerman, CEO and founder of Qoins, an app that helps you pay off
debt with your spare change, says you can consolidate your
debt,
even after it's gone to collections, in three ways: Credit counseling,
debt settlement or a
debt consolidation loan.