[Cow & Chicken]

Chaia,

What has your settlment process been like with your creditors?

[jaydott]

I received a call from them today (via signup through this site). It all sounds just as you described, and is really a blessing if this is all true. My question is, how does this company or any of the other companies make their money?

[Mike]

Hi jaydott

Thanks for registering with us.

We have partnership with good consolidation companies operating in your area. Once we have received your contact info, the system forwards the details to the consultant in your area. The consultant pays us a membership fee for this partnership.

The consultant will discuss about the fees before the program begins. Most of our partners do not charge any upfront fees from the consumers. If anyone does, it will be told to you before you sign the contract. We also have partnership with non profit organizations whose services are voluntary for the consumers.

We will like to clarify any of your further queries. Keep in touch with our community.

Have a nice day

Regards
Mike

[Cow & Chicken]

You should be able to contact them and they will explain the fee sehcule to you. I don't want to give out too much info on the forum so feel free to pm me if you have any questions. I have entered into my second month with them and they are very attentive to any of my questios via e-mail or phone.

[freddyfresh]

I too am considering their help,...can they do what they say they can do????!?!?!?

[freddyfresh]

I too am looking for advice about SDS, can anyone say anything about them??? :roll:

[johng]

I used to work at a paralegal firm, I'd be more than happy to provide you my advice (freddyfresh, you can check your message box) if you pm me.

[jdlovesize]

how safe is the account that is set up by SDS? has ANYONE out there had a bad experience? i am extremely overwhelmed I just don't want to be suckered and get into even more debt than I already am. avenger, have you changed your mailing address to their corporate hq as they suggest or do you just forward it to them? hey and if anyone wants to take an "in over his head" 22 year old under their wing I could really use some guidance. these forums are great but there is so much information it's hard to figure out where to look or where to start.

[anthony]

jdlovesize

You will have to make the final decisions on your own. You can do some research over the internet for a company and then compare your options. Superior debt relief is a favorite in this board but you will have to sit with your consultant and understand all their terms and conditions before getting started with the program. The most important thing when you go for a settlement program is to have enough patience. The negotiations may take some time to get finalized. If SDS has dealt with your credit company in the past, they will understand their language. While some settlement companies have been complained for scamming out people, I haven't heard anything yet about SDS. They have had minor complaints in the past but I heard them to be resolved in a later period of time. Discuss all your queries with the consultant before getting started in the program.

[Cow & Chicken]

I debated back and forth for several months before going the route of debt settlement. I realized that it was the best option for me but you have to consider what is best for you. SDS is a very professional company and I would recommend them. I did change my address to theirs because I got so tired of the phone calls. This way they can also monitor the accounts more closely.

[a_j_grove]

what is everyone's lastest feelings about superior debt?

[debtmama]

We are extremly happy with Superior Debt. We received a voice mail today that they got our AMerican express card down to 20 cents on the dollar. The settlement will go through tomorrow. We were so worried about our credit score when we enrolled with them. Now it seems that I was worrying about the lawn when the house caught fire.. We do have 3 more settlements to get but I know I am in good hands....

I'm trying to decide whether or not to go w/ them right now. I haven't been late on any of my payments- there are 3 credit cards & a private student loan, but the debt total is nearly $25,000. I'm definitely in over my head. I just want it paid & over with! My question is, my husband has good credit- will my going w/ Superior Debt damage his credit score? None of the debt is in his name, only mine. Also, I'm just so worried about being scammed- the whole not paying my creditors for awhile & having them call & everything- just the idea of it is really stressing me out. It's 2 am & I can't sleep (have to work in a few hours)- Uhg!!!

It's not Superior debt that damages your credit score, the debt settlement process might have a negative impact on your credit. However, it is better than stuff like late, charge off or collection account. You need to decide if you would like to settle or find some other way out.

[marylee]

Do they have a website?
Thanks!

[AmandaB]

DO they deal with pay day loans? Most of my debt that i have to consolidate is pay day loans.