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Posted: Thu Dec 07, 2006 5:09 pm Subject: Signedup with "superior debt relief"

Hey all, Thank you again for your help and advice Smile

. I just signed up with "superior debt relief", it seems like a good program and from what i've seen on the site it seems really good but the only problem is the waiting 6 months to settle, i'm pretty nervous about it and i don't want my parents getting really pissed at me for the next 6 months if people call the phone. Can you guy's give some advice or maybe a better option or should i stay and putup with it? Smile

Posted: Thu Dec 07, 2006 5:15 pm Subject:

oh and also, they are charging me 1,394 dollars in fees alone.. do you guys think this is really a good company to go through or do you suggest another? Smile

Posted: Thu Dec 07, 2006 5:17 pm Subject:

Yeh! Creditors need to understand that you can't pay at the existing interest rates and the fees are making the situation tougher. They will consider your situation to be true only when they have checked the status of your account. If you are regular with your payments or haven't missed the payments for long, they say you don't fit for debt settlement because you can afford the payment very well. So, leave it on the settlement company, because they are more experienced in doing tactful negotiations with creditors.

While you wait during this period, creditors will call and keep bugging you for payments. Just let them know that you are working with your settlement company and they have a number where the creditor can call. Just forward it and keep your settlement company informed. Well, this is a test of your patience. Hope it turns out to be good! Smile

Posted: Thu Dec 07, 2006 5:18 pm Subject:

Fees vary from one company to another. I know SDR has good customer feedbacks. You can shop for other companies around and take their quotes.

Posted: Thu Dec 07, 2006 5:26 pm Subject:

Well i think 1,300 bux is like a little over the top in fee's lol. I like how they have it set out but i guess i'm a little too impatient on the whole being called part. but they also advised not to talk to the creditors lol. I dunno, i might stick with them i have 10 days to cancel but i may just stick around.

Posted: Thu Dec 07, 2006 5:36 pm Subject:

Compare the fees with the amount of interest and fees that are already charged on your loan account. This is going to be waived off in the program. You have already made the first move and take care of the debts. Good!

Now, look around and weigh your other options. If you find something better and adjustable to your situation, research on the plan. Otherwise, stick to the present one.

Posted: Thu Dec 07, 2006 5:42 pm Subject:

Well i want to make payments to them right away i see the "forgetadebt.com" which also has a good standing here and insted of "waiting without paying for 6 months" they would try submitting my inability to pay back the amount and try to settle" yeah i sucked at phrasing that but i dont really want to wait 6 months and have them bugging here lol. i like SDR's credit repair thing at the end of it though.

Posted: Thu Dec 07, 2006 5:50 pm Subject:

maybe i'm just a little shocked over the fee's i just saw lol! but in th eend i think it would be a good cause Wink

Posted: Thu Dec 07, 2006 5:53 pm Subject:

I know there is waiting period in a settlement program. No matter, you sign with any company. I will be curious to know how "forgetadebt" can negotiate the accounts with your creditors without your payments in halt. I will not get carried away, instead do some research on the company. Sometimes, few tricks are used to sell the program, I assume. Everyone wants to stay in the business and there are competitors all over.

Do every research that can be done from your side.

Posted: Thu Dec 07, 2006 5:55 pm Subject:

Yeah, well i think i'll just stick with these guys. Everyone seems to have had a good experience with them so i will heed the words of everyone here Very Happy

. Thanks

i might look into other things but the credit repair thing after everything is paid off is a good deal.

Posted: Thu Dec 07, 2006 10:27 pm Subject:

Knowing from experience, I think forgetadebt.com has one of the most unique programs in terms of their attention to what the creditors want and your ability to pay.

I think the consensus is evenly split, but keep in mind that a few people have already dropped out of Superior.
Before jumping into anything, I would still get a few more opinions just to make sure you're making the right decision.

John

Posted: Fri Dec 08, 2006 9:01 pm Subject:

I will be calling forgetadebt.com monday since they are closed on the weekends. SDR seems good but i dont want to wait 4 months or whatever and just pay the fees first hand. Just goign to see my options so far.

Posted: Sat Dec 09, 2006 7:35 am Subject:

Are the fees based upon the amount of debt you are consolidating? The reason I ask is I consoldated about $2500 worth of debt and my fee is $10 a month, just curious

Guest · Posted: Sat Dec 09, 2006 11:07 am Subject:

Yeah, my total fees are 1,300 or so dollars out of 9,800 of debt. the first two months i pay 220 for only fees then after that its 110 for 9 more months ;(

Posted: Sat Dec 09, 2006 11:09 am Subject:

bleh forgot to login lol

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