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I'm trying to find out if any one has used this debt settlement program or heard anything about them. they have 400 dollars in fees upfront for the first three months and then claim they can settle my debt after that. any insite will help. i'm very skeptical

Posted: Wed May 09, 2007 12:57 pm Subject: Halo

I would not pay anyone for three months without them doing anything. Also debt consolidation is much better for your credit than settlement. There are horrors stories out there about companies taking money and doing nothing. You should be contacted by a consolidation professional shortly after you signed up here. They will tell you your best options..

Posted: Wed May 09, 2007 3:30 pm Subject:

Frogpatch is correct about all the scam companies who do nothing in settling the accounts with the creditors. But this doesn't mean that all companies are like that. There are some good companies who actually give results. I am working with a settlement company and I have got four out seven accounts settled so far. They clearly explained me the fees before starting the program. They also made it clear that they won't begin negotiating with the creditors until my accounts are in default for a certain period of time and I will have to regularly deposit the money in the escrow account. Before I started the program, I kind of had a feeling that it was a risk to sign up that program. I researched them with my attorney general office and there were very complaints against them, most of them were resolved. I signed with them anyways and things have been good for me so far.

I will suggest that you shop with few more companies in your area before you decide a company. You will have more idea and compare the fees with different companies.

Posted: Thu May 10, 2007 5:02 am Subject:

i checked them with the bbb and no complaints had been filed as of yet witht he company. i just cant find much on the company beside what is on there website. the lady was nice and gave me a wealth of knowledge and laid it all out to me on how it works i'm still skeptical though. all my accounts are already in collections so thats why i considered this program to just get rid of the debt once and for all fast

Posted: Thu May 10, 2007 5:07 am Subject:

Hmm fee seems so high and they really don't do anything until they receive their fee?? By then, you could have already been sued and your garnishes being waged...Or as so many others have experienced, they take your money and then never actually get anything settled for you. If you are really considering them, contact your states AG and see what information they have available on the company

Posted: Thu May 10, 2007 5:27 am Subject:

im new to this whole debt settlement thing. The first three months the fees go to them but they start working once i sign the contract contacting the companies and trying to work out a settlement. they assign me a team of people to work with to settle my debt and they contact me to let me know how things are going. the compnay is out of tx and i live in ct so does that matter when i contact my ag should i contact the ag of tx instead? i dunno how all this works . any help would be great.

Posted: Thu May 10, 2007 5:30 am Subject:

I would contact both AG..esp if your AG has no info on them...I would hate to see you get scammed out of your money.

Posted: Thu May 10, 2007 5:39 am Subject:

what do i ask them when i contact them about the debt settlement comapny?

Posted: Thu May 10, 2007 6:22 am Subject:

Ask them if they have any info on the company either good or bad

happygirltx · Posted: Tue Aug 28, 2007 11:02 am Subject: halo debt solutions

have you used this company??? is it legit???

Guest · Posted: Wed Sep 05, 2007 2:37 pm Subject:

Let's discuss the effects of consolidation on your credit?? What are the effects with a settlement company. How much will I pay TOTAL to your company? How much to a settlement company?
I have a bunch more questions.

JasmineFlower · Posted: Wed Sep 05, 2007 8:22 pm Subject: That Does Not Sound Too Good

I posted in another thread about friends using BHR to settle their debts. I know they all chose them because there were no upfront fees. So, I would say the company you are currently considering may not be the best out there. I would keep looking, not just at BHR, but I would suggest, look at say 3 and compare and contrast the benefits (you know how when you get work done on your house you should get no less than 3 estimates? I think that's a good policy here too, to make sure you aren't getting scammed or taken). Plus, I think 3 months for settlement is really long. If something can be negotiated now, why wait 3 months? I don't know anything about Halo, but it doesn't sound on the up and up.

Do your research before handing over any money or other sensitive information.

Posted: Thu Sep 06, 2007 12:42 am Subject:

Dial
I would say don't do it! I learned the hard way. In my case “the rats” would not try to settle until they felt they had enough of my money to pay the debit. By that time I received summons and the settlement Co. did nothing to help. Before my debits were settled they closed up shop and were gone with all the money in my account (plus fees) and I was stuck with even worse credit. I know I will never get my money back and to think I could have been settled on my own by now.
I'm sure there are settlement companies out there that are not evil. I just could never trust one again. The only good thing that is going on is I found this site and others that had been scammed by the same people and we how have the FBI looking into it. So maybe the owners will be doing some hard time.

princessleha · Posted: Tue Mar 11, 2008 2:00 pm Subject: halo debt solutions

I have heard of them and have had 2 friends go through them. They are an excellent company. The fees seemed high to me too, but after extensively checking them out for myself, i'm even considering getting help through them. What they do is negotiate your debt down for you and they really fill you in on your rights as a consumer. If you have really high debts, especially credit card debt, and you are drowning and considering Bankruptcy- I would advise to anyone to find out what your rights are as a consumer and let these people help you by negotiating your debt down. You end up paying around only 60% or LESS of what you owe and for the small fee, it is well worth it. IF you know all the ins and outs of debt settlement, may be you could try and negotiate it down yourself with the credit card companies, and such, but we didn't, and when we tried, it was extremely stressful and frustrating. I thought it was worth it to not go bankrupt and have horrible credit for years and years afterward. I'd say to anyone: 'check them out'. It's well worth it.-Princessleha

princessleha · Posted: Tue Mar 11, 2008 2:03 pm Subject: halo debt solutions

I have heard of them and have had 2 friends go through them. They are an excellent company. The fees seemed high to me too, but after extensively checking them out for myself, i'm even considering getting help through them. What they do is negotiate your debt down for you and they really fill you in on your rights as a consumer. If you have really high debts, especially credit card debt, and you are drowning and considering Bankruptcy- I would advise to anyone to find out what your rights are as a consumer and let these people help you by negotiating your debt down. You end up paying around only 60% or LESS of what you owe and for the small fee, it is well worth it. IF you know all the ins and outs of debt settlement, may be you could try and negotiate it down yourself with the credit card companies, and such, but we didn't, and when we tried, it was extremely stressful and frustrating. I thought it was worth it to not go bankrupt and have horrible credit for years and years afterward. I'd say to anyone: 'check them out'. It's well worth it.-Princessleha

Rose · Posted: Wed Apr 16, 2008 4:57 pm Subject: They Are Excellent

I just signed up with them and they are excellent. I will be debt free in four years; I took the four year plan instead of the three. I will be paying only a fraction of what I owe, and their cost is only 15% and they don't start taking out their fee until they start working for you. I tried taking out a Home Equity Loan, but I would have only been able to get a $15,000 loan and am in $38,000 credit card debt, so I would have had to still pay off the remaining $23,000 to the credit cards.

Halo debt solutions negotiates with the credit card companies and figures out how much you can afford each month. I will only have to pay out $450 per month, while I was paying $1600 per month (most of my paycheck) to credit cards. I will finally be able to save money.

In short, I highly recommend them. Credit card companies would prefer to get SOMETHING rather than a person filing bankruptcy as they will then get NOTHING.

I feel like a huge load is lifted off my shoulders.

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