I have been looking to
get into the debt settlement industry as an independent sales consultant but am, so far, unable to find a legitimate and worthwhile company to associate with.
Not exact matches
If you come
into a chunk of cash and can use it to
get rid of some
debt, it's very advisable that you do so and if you can
get a reduced payoff, that's great; however, if the company reports the
settlement to the credit bureaus, it may lower your credit score.
Debt Settlement Company Credit Associates flat out lies on commercials As we
get older we seem to fall
into certain patterns or habits, so for me every morning I wake up and as I
get ready for work I have the morning news on.
Ruth Adorno at one point was a manager in customer relations for the Golden Financial Services
debt settlement program, where she would often lead the violations team
into battle when fighting to
get debt dismissed.
In NC, we can
get our clients whatever they paid
into the program back times 3 and collect our attorneys fees from the
debt settlement company.
What's happening here is that the borrower pays money
into a protected negotiation account until there's enough built up that the
debt relief organization can
get a
settlement agreement with each and every lender.
You can rebound faster from
debt settlement if you
get right
into rebuilding your credit.
Instead of paying their creditors, consumers pay the
debt settlement firm a monthly amount that
gets put
into an escrow account.
On a
debt settlement program with a
debt settlement company the client
gets setup with a trust account where they pay
into it each month, allowing funds to accumulate until enough accumulates to where the
settlement company can negotiate a
settlement to pay off the
debt at a fraction of the balance owed.
Now you were talking about offering this
settlement and how that all works, I'd like to
get into a bit of that but we're going to take a quick break first, and we're going to come back and talk more about consumer proposals with Ted Michalos here on
Debt Free in 30.
Before you make any big decisions like hiring a
debt settlement company to attempt to settle your
debts, it's important that you understand how it works, what you're
getting into, and the other options you may have.
As an alternative to bankruptcy, or
debt settlement, DMPs work to
get you out of
debt in the fastest time possible, while still taking
into consideration your living expenses and needs.
And my fee is pretty small in comparison to how much money they save on their student loan
debt once we
get them
into a loan program for federal student loans or a
debt settlement for private student loans.
Debt settlement companies often offer services for a fee that you can do yourself, such as
getting you
into a loan rehabilitation program.
So now a consumer proposal sounds to me very similar to a
debt settlement because because, every month I've
got ta put some money
into the process.
So explain to me what your problem is with
debt settlement companies because as I understand it and you're right, we've
got the same situation in Ontario, there was a new consumer protection law passed in 2014 but it's not due to officially, the section dealing with
debt settlements and some other areas isn't officially due to come
into effect until 2015.
While on a
debt settlement program late fees and interest may accrue, but when it comes time to settle your
debt the past due charges and interest
get mitigated
into the
settlement.
The convergence of two trends — seniors retiring while still in
debt and continuing to drive until an advanced age — has created a financial pitfall for those who
get into an accident and must wait for an insurance company
settlement, says Toronto
settlement loan provider Larry Herscu of Easy Legal Finance.