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Sub: #1 Care One Credit
Replied on 11-20-2008, 06:56 PM
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Hi
I am thinking about signing up with Care One Credit for their debt settlement Program -- $50K in debt for settlement and $30 K that I will keep out since, I have a car which may be tied to one of those cards (same company - chase)

Does signing up for this program stop calls? Especially to work -- which I am most concerned about? Also -- feedback on Care One Credit and Their settlement program -- they have attorney's which work for them -- any people in New York dealt with them here?

thanks for the advice in advance


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Sub: #2
Replied on 11-20-2008, 11:31 PM
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I don't think that the collection calls will stop. Please read the following: -


But fdcpa, governing collection laws, is there to protect some of your rights from the collection agencies: -


But collection laws can't help you from the Creditors' calls. Please read on: -



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Sub: #3
Replied on 11-20-2008, 11:40 PM
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Please search for CareOne Credit in the "search box" at the upper right hand side of this page. You'll get many threads regarding this company. Here are some of them: -

Care One credit counseling's settlement program?

Care-one Credit Counselling

I took out a debt management program with care one but im not seeing any progress

CareOne, FreedomPoint

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Sub: #4 thank you
Replied on 11-21-2008, 07:30 AM
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thanks phoenix for your information, in the settlement program it would cost around $7k to settle the debt, so I wanted to get real opinions from people before I joined the program. I'm sure I'm not the only one who was thinking about using Care One for their settlement program. --

I would especially like to hear from clients of their program or the moderators and their ideas.

thank you again for all your help!!


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Sub: #5
Replied on 11-24-2008, 02:26 AM
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I found a very bad input in Ripoff report








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* Disclosures:
  • 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.
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