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#241
11-09-2009, 05:22 PM
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There are two different Debt Settlement company Models. One is like a life gaurd or Brite debt solutions they do not contact your creditors until you have accumulated enough money to settle the debt and then they will settle your debt BUT they send a welcome package with Cease and desist letters that you have to send to your creditors yourself.
The second model is a Consumer Law Firm, with this type of settlement or Debt resolution company the lawyer contacts your creditor immediatly and if at some point you need legal representation they will provide that a company like Life gaurd or safetrust whatever they are this week will not. BUT no matter who you use the creditors will keep calling for a minimum of 30 days and say anything to scare you into sending them money Things like we don't accept settlments (every creditor accepts settlement except credit unions). Debt settlement has been around since the 50's it is not a scam but pesonally I would rather deal with Lawyers than a typical debt settlement compnay. A little side note the owners of LGF had a Loan Modification company they shut down just before opening LGF and left many people hanging with out finishing thier loan modification. 
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#242
11-13-2009, 07:54 AM
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This company is a scam. I spoke to an attorney about my friends situation because she signed on with lifeguard. He told me that any company who makes you put money into a separate account is a fraud. You could put that money aside yourself without the fees and pay a credit card company the same way without the middle men. They don't deal with her creditors and she gets repeated phone calls. Watch out. These companies are praying on the innocent. They say they have an a rating but that is not true check for yourself. Why would you sign over power of attorney to your bank accounts to anyone. They can take everything you have.
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#243
11-14-2009, 09:53 AM
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trying to get a refund
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