Sentences with phrase «going after debt settlement»

The Scott Law Group in Washington State has been VERY active in going after debt settlement companies that allegedly injure consumers.

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.

In fact, according to a report by the New York City Bar Association, complaints to the Attorney General in that state about debt settlement actually went up in 2011, after the new regulations came into force.

Normally, a debt settlement will lower your credit score, but since the account is already in a charge off status, settling the account for less than you owe is not going to hurt your credit score any further — making it a reasonable option for starting credit repair after an account has charged off.

Debt settlement can save you a significant amount of interest and the worry that goes with trying to meet high minimum payments month after month.

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.

Rampant abuse in the debt settlement industry has caused Attorneys General in Colorado, Minnesota, West Virginia, North Carolina, Florida and Texas to go after individual debt settlement companies directly.

The longer things go after the credit card company has started litigation in the court system the more likely it becomes that a creditor will refuse to participate in your debt settlement plan and you must settle a credit card account for more than you might want to or you will face a court hearing and its consequences such as garnishment.

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.