|
#33
02-17-2009, 10:45 AM
|
|||
|
|||
i am not aware of this company if its bad or not, but i do know about debt settlement. And for the most part to get a settlement you must stop payments to get the ball rolling. Your credit is going to tank thats the way of settlement. If you dont want your credit to be bad then maybe consolidation is the best option for you. Settlement is one step below consolidation and one step above bankruptcy. This is one rule of thumb if you remember any thing remember this. NO SETTLEMENT COMPANY CAN PROMISE YOU ANYTHING!!! And if they do they are scamming you. The company i used flat out told me that right from the get go. They said i may have a account that refuses to settle and my best option to avoid lawsuit was to pay as much as i possibly could to get it done as fast as possible. In the end most of my accounts were paid in about 15 months except for 1. 1 that refused to lower what i owed and it was my smallest account. In the end i ended up getting a judgement with a lean on my home. When I recieved my tax refund and the rest of my money in my account i paid the debt.
I wasnt angry i knew it could happen. Any company that promises you that thier program is going to be all rosey and happy from then on out is a liar. Debt settlement is hard no matter how you go about it. You must be well informed as to debt settlement and how it works before signing on know the facts and you wont be scammed. __________________
my blog about saving money during a recession, And my personal story about Provanta's debt settlement program and how it worked for my family 
|
|
#34
02-20-2009, 12:52 PM
|
|||
|
|||
|
I paid them over $4,000, 2 years ago and they did nothing. I tried to do it myself, but finally had to file bankruptcy. This company is big rip off!
|
|
#35
02-24-2009, 05:31 PM
|
|||
|
|||
|
Still with CS and doing good.
Hey Bill G... I would like to apologize for the "written uppercut to the chin" that I delivered above. I understand your desire to defend your company. Especially when you truly believe in the efforts you put forth in such an endeavor. Although just about all of the misinformation given upfront by Credit Solutions to everyone is real. They do help those of us that are in-fact beyond salvation. It is very unfortunate that people become so entranced in their hardship that they fail to make absolutely sure that a program like this is really for them before signing up. Yet, like myself, most people would like to believe that all the "realities" will be made abundantly clear (to the clients by the reps) before any plans are made to sign them up. They are hoping that a debt management company actually does put the welfare of the indebted before the commission earned from the debt. This is not always true and is a part of peoples furthered disgust, obviously. Nevertheless I have made GREAT strides eliminating my debt thus far (after my outburst above of course) and am on the verge of being nearly debt free using Credit Solutions. I have to add two major points though. First, YOU HAVE TO HAVE A BUNCH OF MONEY UPFRONT TO GET A SETTLEMENT OFFER!!!! If not you are going to be sitting forever on an ever growing debt that WILL end up in a lawsuit and you will end up paying more than the 40% initially stated. Second, IF YOU AREN'T UP SHIT CREAK WITHOUT A BOAT AND DROWNING FAST YOU SHOULD NEGOTIATE WITH THE COMPANIES YOURSELF!!! If you have any other option of negotiating a reduction in the interest rates or payment amounts per month then you don't need a debt management company. BOTH VERY GOOD THINGS TO BE TOLD UPFRONT AND EXPLAINED IN EXTREME DETAIL BY THE DEBT MANAGEMENT REPRESENTATIVES AS A PART OF AN INITIAL PRE-SCREEN BEFORE ANY DOCUMENTS ARE SIGNED!!!! Having said that I am very satisfied with the reduction of my debt from over $30,000 down to about $5,000.
|
|
#38
03-31-2009, 06:15 PM
|
||||
|
||||
|
reply
after reading the entire thread.guest is an employee of there's and therefore is a humanoid.this is a BAAAAAD place to go for debt relief of any kind.
|
|
#39
04-01-2009, 04:07 PM
|
|||
|
|||
|
<p class="MsoNormal"><span>Thursday, March 26, 2009</span>
<p class="MsoNormal"><span>Texas Attorney General Charges Debt Settlement Company With Unlawful Conduct</span> <p class="MsoNormal"><span>AUSTIN</span><span> – Texas Attorney General Greg Abbott today charged Credit Solutions of America, Inc. (CSA) with conducting an unlawful scheme that defrauded Texans with financial problems. According to the state’s enforcement action, CSA purported to offer a debt settlement service that would eliminate its customers’ unsecured debts – such as credit card accounts – in as little as three years. Despite CSA’s promises, a state investigation revealed that the defendant failed to negotiate settlements with creditors for most accounts entered into its program. Further, when CSA did negotiate settlements with creditors, its clients did not always receive the 60 percent reduction they were promised. The state’s enforcement action seeks an injunction against CSA that will prevent the defendant from continuing to unlawfully promise services which it does not deliver. </span> <p class="MsoNormal"><span>The Office of the Attorney General has received 140 complaints against CSA in the past two years. Additionally, the Better Business Bureau, which gave CSA a “failing” rating, received over 1,600 complaints against the company in the past 36 months. </span>
|
|
#41
04-04-2009, 01:43 PM
|
|||
|
|||
|
CSA
It would not surprise me if a great deal of the negative posts on this sight are from disgruntled collection agency empolyees. First off, in the post just above mine here, the point was made that in the doccumentation that CSA sends its clients, it DOES state that you can still be sued and that fees/and charges can accrue. That being said, any idiot with half a brain knows that before you sign a contract you READ IT, AND ASK QUESTIONS. Having successfully gone into and complete the program, it did just that. It took me 2 months of reading, re-reading and asking questions to finally decide that this was the program for me. Where this program is not for everyone, it has worked for a great many. One of the most important things that Credit Solutions educated me on was the legal do's and dont's of collections agencies. They will use tactics of threatening to actually send a police officer to your house to arrest you for not paying a bill. Such threats and tactics are ILLEGAL and most of the public are unaware of this. If anything, CSA made me aware of these tactics and it made me not so afraid of the collections agencies. I was also told that the process would not be easy and it wasn't, but it worked. Again, this program is not for everyone. . . so the bottom line is DO YOUR HOMEWORK BEFORE YOU ENTER INTO A CONTRACT.
|
|
#42
04-05-2009, 06:28 AM
|
||||
|
||||
|
reply
i guess me and mobile0311 are disgruntled collectors.sorry,but this many people can't be wrong.if you had success.good for you.you are of the very few who had.do not talk down to people who post negatively.it makes you look like a shill.
|
|
#44
04-22-2009, 01:59 PM
|
||||
|
||||
|
Sorry LOUBEE , but I work in the debt settlement industry. I just hate Credit Solutions because they give our industry a black eye.
|
|
#45
05-06-2009, 12:56 PM
|
|||
|
|||
|
I signed up with Credit Soultions a month ago. The next day after I signed up I came here and read all the bad things about them and immediately asked them to cancel my account and not to withdraw any money. They did!!! What can I do to stop them from withdrawing more money. Im afraid they will withdraw money this month again even though I told them to stop. Help!
|
|
#47
05-07-2009, 08:54 AM
|
||||
|
||||
|
Sorry Bill G. , but this forum doesn't allow solicitations so I haven't and won't mention the settlement firm I work for. As far as qualifications I have working in the credit card , credit counseling , and debt settlement industry pretty much since I was old enough to work.
|
|
#48
06-06-2009, 12:45 PM
|
|||
|
|||
|
I actually used Credit Solutions over the past year. I enrolled on 6/20/08 and as of 6/1/09 I am debt free. I enrolled with almost $7000 in debt on 4 credit cards. I paid around $900 in fees to Credit Solutions, and $4600 to the actual creditors. So in the long run I saved almost $1500.
If you take the advice of Credit Solutions and actually save money every month, it works. My credit score has raised about 50 points every time I settled an account. So yes for a short while your credit is bad, but once you settle on your accounts, it raises dramatically and nothing is permanent on your credit score. No I do not work for them, no I am not getting paid to say this. I just want to let people know that for some people it does work. As with EVERY company out there, you can't make everyone happy.
|
Linear Mode
