Superior Debt

I filled out the info on this website and got an email from this company. How have they worked for you personally? Any problems? Anyone using another debt management company, that they would advise me to check out? Thanks for your help.

There are at least a few companies using the word "Superior" in their title. I am with Superior Debt Services out of Fort Collins, Colorado, and have been in a debt settlement program for a year now. Superior Debt Services offers Debt SETTLEMENT programs, not Debt Management programs, so I am not sure we are talking about the same company. But as far as my experience goes, nine accounts, $90,000 worth, and five of them have been settled in the first year. My largest one, though, I did myself outside of the program because the funds in the program were committed at the time to paying off another creditor. I did a lot of research on various companies before I signed on with them, including making a LONG list of questions I asked them on the phone. I wanted a comany settling for me, I didn't want to do it myself, although a lot of people have had luck settling their accounts on their own. I made sure I knew the drawbacks of settlement as well as the good points, so I wouldn't have any nasty surprises. Their fee is broken down so that it's only a part of your monthly cost, thereby allowing you to get money saved from day one, to build up to settle the accounts with. The money goes into an independent account, not to them; they cannot take more out of your account then their agreed-upon fee every month, and have to have your signed approval to release funds to the creditors. I feel the program works well, at least for me. I am sure there are folks that have had not-so-good experiences also, but remember that Debt Settlement is a last resort before bankruptcy, not a "quick fix". You can still be sued, whether in a program or not, if there are impatient creditors that don't want to wait. I have been sued twice, each time was able to negotiate a settlement before court. It's an inherent problem with the settlement process itself, not the fault of the company. I had a lot of fear and anxiety before I started, but it has played itself out very satisfactorily so far. What is right for you, personally, depends on your total amount of debt, the number of creditors you have, and how good your credit score is now and whether you can protect it or you're so far in the hole it doesn't matter anymore. I think Debt Management programs can help protect your scores; Settlements are for those of us who are already really, really having a debt nightmare.