The following information that I am about to tell you is my personal experience with Lawgistix and feel that I have a right to share my story. I am not telling anyone NOT to use their service nor am I saying that if you use this company that you will have the same problems. I just feel that everyone has the right to know MY experience.
I can tell you that I signed up with this company lawgistix in oct of 2005 with 27 accounts filled with promises...fine. here i am, june 2006......received 3 warrants in debt and two letters of arbitration from another creditor. I had to settle my own debt with citibank because this creditor does NOT talk to a third party company. BE CAREFUL...........if you think your going to sign up and they are going to take care of things so you don't get warrant in debts from YOUR courthouse, your very sadly mistaken. I paid in over $1600 which was used for service fees. customer service once you sign up is not real quick to answer you. I had to wait almost three weeks after I received my warrant in debt with citibank before anyone from legal department would help me, then i had to negotiate my own settlement...halfway through all this mess I had dead silence from my rep and had to finish the deal myself!
Are they so overloaded with clients? probably. and i'm not saying NOT to use their services....I'm only telling you my experiences with them. I can not get them to answer me and I just turned it in to the BBB to GET them to answer me. If anyone has a question they may ask me here, and again, this is MY personal experience with them and I'm not telling you NOT to sign up or stop using them, just BE CAREFUL if you do!
PLEASE note: That even if your working with a settlement company the creditors CAN sue you and file charges against you. You CAN receive by mail a "warrant in Debt" and also receive this once it's filed with court by your local sheriff who will come to your front door and post it. I'm not trying to scare the B-Jesus out of you but this is true and factual since I have received TWO of them already and I AM a client of Lawgistix. I do not care what they tell you. They the creditors absolutely CAN do this to you.
It seems more and more since the laws have changed with bankruptcy, more and more people are signing up with these settlement companies and that's great but the credit card companies are getting tougher now! So PLEASE, be careful!
By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.