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#1Prestige Financial Solutions
Replied on
05-24-2009, 02:45 PM
Anyone used this company for debt settlement? Feedback?
I've researched it all but don't feel comfortable going it alone so I want to use a good company.
Their rating w/ BBB is an A... TASC member... need to hear some success stories... or horror stories..
You need to do a lot of research before you register with a debt settlement company. There are many companies that do not come up with the services as promised in spite of having a good rating with BBB. You can find a some good settlement companies if you visit the link http://www.debtconsolidationcare.com/companies/ .
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.