The Take - Away:
The old debt settlement rules (or lack thereof) meant that companies could charge big fees, and in most cases, not really accomplish anything on behalf of the consumer.
8 year
old Debt Settlement Company with A rating with BBB and Gold Star award winner from BBB for ZERO complaints for 3 consecutive years, total 11 complaints in 8 years of Debt Settlement Business; all resolved offers Debt Settlement Affiliate Program to reputable marketing companies.
The student loan assistance debt relief area will be the next version of
the old debt settlement industry in my view.
Debt Free Life is one of
the oldest Debt Settlement communities helping people help each other and Get out of Debt.
Not exact matches
I am 23 years
old i own a credit repair /
debt settlement company and thinking about opening up a repo company.
Remember the above list on how much collection agencies pay for
old debt from the original creditor when trying to get a
debt collector to take a
settlement offer for a
old debt.
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.
As the negative
debt settlement details get
older, they should hurt your credit score less.
Tobacco
settlement bonds are the target of refundings as the high interest rates on
older debt can be replaced with lower cost
debt via the refunding mechanism helping to drive returns.
Unlike a credit card consolidation loan, you won't be taking on new
debts to pay off
old ones, and unlike a
debt settlement arrangement you won't be irreparably damaging your credit rating.
There are other programs available but
debt settlement is the
oldest program that still effectively resolves a person's unsecured
debts.
The
older the
debt, the lower your
settlement offer.
The complaints I hear today are mostly from people still tangled in a current attorney model
debt settlement program or an
old advanced fee program.
Each complaint asks the court to enter a permanent injunction barring the defendants from engaging in
debt settlement in Illinois and order the defendants to pay restitution for aggrieved consumers, civil penalties of $ 50,000 for violating the Consumer Fraud Act, an additional $ 50,000 penalty for each violation committed with the intent to defraud, as well as a $ 10,000 penalty per violation committed against a person 65 years or
older.
He fills out a form online (in the
old days) or responds to a catalog he's gotten in the mail (post TSR) and before he knows it, he's talking to a
debt settlement company agent.
In this example, if our 25 year
old debtor decided to enter into a credit counseling or
debt settlement program they would repay their
debt but that plan would cost them $ 23,231.12 in retirement funds that would be worth $ 1,247,526.55 when they eventually retired.
Golden Financial Services is one of the
oldest Florida
debt settlement companies in business.
I know this is an
old topic, but what are your thoughts on some of these
debt settlement companies outsourcing their sales models overseas?
Frankly I found the TASC testimony that contained a regurgitation of the same
old failed strategy of asking for more to be be vile, repugnant and an insult to both consumers and
debt settlement companies that work hard every day to do the right thing and provide an excellent service under performance based pricing models and who focus on enrolling consumers that are the most suitable for the service.
One of the
oldest and most trusted credit repair companies in the nation, National Credit Federation (NCF) helps people accomplish their financial goals through credit repair,
debt settlement, student loan consolidation, and business funding.
To demonstrate how dramatic the impact is, let's look at a 25 - year -
old debtor who diverts $ 300 a month for five years into a retirement plan instead of entering into a credit counseling plan,
debt settlement program or limps along making minimum payments.