New Era Debt Solutions – any experience with them?

why do this site take out other peoples site and replace it with this site ? has anyone figured out that this site is all about advertising themselves, everyone should beware of how many people are out to scam you.

btw the BBB is crap because of how many idiot old refi guys got into this business they are the ones making everyone have a bad grade with BBB and the good companies are the ones that suffer too

another side note too, TASC is crap also, in the begining TASC was designed by many "good" settlement companies that wanted to replace the BBB add so they could now put up TASC on the sites. this was good for awhile. now even all the shitty companies are a part of TASC too , all they have to do is contact TASC and pay a fee to use them. So what TASC was all about has turned into what they were trying to to keep out.


my advice to seriously do some research, when calling these companies listen to the people that actually care, if youre talking to some lame sales person trying to force you into the door back away. Ask to see some examples some actual settlement letters that they have done (of course they should white out names, account numbers & address's. listen to see if they actually know what theya re talking about. most sales departments dont even want to sales people to know what they really do, they want closers to get you in the door.

Debt settlement does work you just need to find the right people to help, ive been settling debts for 7 years now and it seems like latley everyone is out to screw someone. in this economy people need to come together and help each other.

this isnt an advertisement either, hopefully this means alot more without me closing this message with a plug trying to get you people to go with my company.

earlier in this thread someone was talking about going with a company that will settle debts for 10-20%, like i said ive been doing this for over 7 years. Please beware of these companies. The truth is that YES some times i can settle for 10-20% but to claim thats what they will do to get you in the door, most likely these are the BAD companies that take all your money up front and not settle your debts till it too late and all the great deals have passed. meanwhile when you figure this out they already got you money and youve signed a legal binding contract saying what theyve done you OKed

for the last 7 years i usually settle around a 1/2 million of debt a month at and average of 30%, ill repeat that is a average, some are 60% some are as low as 9% settlements but at the end of the month my average will be around 30% and im very very aggressive with the creditors.

Heres step 2 though, there are fees involved, people dont go to work for fee and people need to understand this too, so now you want to not only find the right company that will do the honest aggressive work but you want the fees to be low aswell, do not go with a up front fee company ( they have not much urge to settle your debts theyve already got your money. go with a company that is bases the fees off of the actual work theyve done ( if the dont settle they dont get anything)

im done ranting, hope this helps and good luck, debt settlement is a great concept but the crap that is out there needs to be locked up for doing the things they do to people in need of help.

Hi Tyrone,

I realize you have probably already made a decision, but I just came across this thread and will be actively participating and answering questions on behalf of New Era. Unfortunately, although the ads and sales people will quote rediculously low settlement numbers to win your business, the truth is the total cost of a debt settlement program is always going to be much higher. Most companies are mixing words to try to paint an inaccurate picture. The are a few key factors that will cause your actual cost to differ from what is being quoted -

1) Many quotes do not include the company's fees. If they say 40%, that isn't including any of their fees.

2) Many quotes are based on your current balance, although the settlement percentage is based on the balance at time of settlement. For example, you enroll a debt of $10,000. By the time a 40% settlement is reached, the balance has become $12,000. Your settlement is $4800 which is actually 48% of your enrolled debt, not 40%.

3) Many quotes are quoting based on best case scenario. Due to the nature of the program, debts are going to be settled over time. Some debts are going to get better settlements than others. Just because you get one debt settled at 20%, doesn't mean the rest are going to. The total cost is what's important, and this includes those that settle for 20 cents on the dollar and those that settle at 75 cents on the dollar.

If Anna quoted you 65% to 68% this is going to be an accurate, while conservative, estimate of your true cost - including fees, including inflation, and including all settlements. You could very well have a much lower cost to complete the program, but I think when it comes to such an important decision as your finances, it's better to error on the side of caution. Unfortunately, overpromising and underdelivering seems to be the M.O. of the debt settlement industry, and why it is under so much fire.

Yo Craig,
Hope all is good.
William Smith

I, too, have been considering signing with New Era Debt Solutions forf debt settlement. However, I have not moved forward because another company I spoke with advised that a complaint has been filed with the New York State Atty General's Office concerning New Era. I have tried to find out the result, but have been unsuccessful. Anyone have further information on this. I would seriously like to review it. Thank you.

New Era's records were subpoenaed by the New York Attorney General along with a dozen other debt settlement companies. We complied with all of the requests and submitted all requested information. We do not anticipate and further requests for information nor do we have any reason to believe that any further action by the New York AG is forthcoming. The New York AG has filed actions against 2 other debt settlement companies, and both of these lawsuit have now been resolved.

New Era Debt Solutions knows of no complaints ever filed against us with the New York AG's office.

I hope this addresses your concerns. Please don't hesitate to bring up any conerns you may have, I'll be more than happy to help.

I worked at New Era for 7 years as a negotiator in the settlement department. Because of my personal reasons I decided to quit the job and go out to try this on my own.

The point Id like to make though is if I did not know how to settle my own debts and I were to hire a company to do debt settlement I would hire New Era! They truly care about the clients in debt, they only charge a settlement fee when the debt is settled.

I believe that New Era has settled more debt than any other company in this industry with aggressive negotiators because of the fact that they have to earn the fees.


aka RIOT

I am so confused!!!!!!!I have been researching Debt Settlement Companies for a few months now and I haven't found one that has a lot of positives said about it. I need help now and I can't find anyone I feel I can trust. This is really scary! I just went through a home modification with a local company and we were charged a lot for this service. The modification didn't even save us $100 a month. We've been told that we could have gotten the mod done for nothing. What a rip off!! And now they want to help us with debt settlement. I don't think so!!!!!!!!!!!!!!

New Era is better than any other debt settlement company out there... and I talk from experience. Almost ALL DS companies will charge you all the fees up front. I did my research before joining a DS company because I couldn't qualify for a BK. NE was the first company I ran across that didn't charge me all the fees right away. They charged me after they settled each of my accounts. I owed $30,000 to Bank of America and US Bank. I settled both accounts within the first year for less than half my original balance. Yes I had to come up with a lot of money to do it... and I couldn't have done it without my family... but they saved my life. Literally.

I talked to one of the debt counselors and i found that they are a little aggressive trying to sign you up. The counselor had a way of talking down to me which i did not like. I recommend finding someone who you get along with well as well as the right credentials. You should be alert to the fact you are on the phone and you can't see these people ha.

I talked with them two different women and i found them to be aggressive and kind of arrogant which turned me off.

i to went through a loan modification and it also did not save me money. I also spent a lot to get this result. ridiculous. But I am going with era debt. They are very sincere, at least to me they were. I spoke directly with the vice pres. they answered all my questions, and they do not take the fees off the top. not like the majority of the company I spoke with.
little scary but you have to get your feet wet. Half the creditors I tried to negotiate with would not speak to me. and the other half put you on a temporary payment.

Call 866-833-6398 they can usually get it settled for 20 cents on the dollar.

Hello,
For anyone looking for ANY Debt Settlement Help, you should be aware of the recent FTC Ruling ensuring consumers do not get ripped off. The FTC ruling states that you should NOT pay a single cent until the services have been delivered. New Era Debt Solutions became compliant as soon as the Rule got passed on July 29th. The other major change is that now the BBB can actually rate companies in this industry based on their individual performance and at last our efforts have been recognized. We are now rated A+ with the BBB.
Lastly, by working closely with the FTC and other regulators we can ensure that consumers rights are protected and that companies that are abusing the consumer are exposed to the regulators.
Sincerely,
Alex Viecco
New Era Debt Solutions

Wrong! New Era Debt Solutions has an A+ with the BBB