Take Charge America is suggesting me to go bankrupt. What should i do?

Hi Jim -

welcome to the forums!

The best way to find out if a debt settlement company lives up to it's promises is to check up on take charge America credit counseling before you even start using their program. Check the Better Business Bureau's website - see if there are any complaints against them there. Check to be sure they are licensed to do business in your state. Also, see if you can find anyone in your area who has used them - see if the company will offer references.

You also might even check on the forums and throw the question out. You never know, someone might have info on the company. Good luck!

thanks ks! :-)

Any one heard of Fairhaven Law Group?

I just heard on radio the other day that if your debt amount is low the banks are in control..but if your debt amount is too high then you are the one controlling not the banks...so i would say negotiate negotiate negotiate as much as you can!!!

Has anyone had any experience with Take Charge America?

Quote:

Take Charge America is a debt management company, not a settlement company. IN the 2.5 years I was with them, I paid off $20,000 in cc debt. Their fee was only $40 a month and they negotiated with the credit card companies. Their customer service is outstanding and they really understand. They are BBB accredited and have other recommendations.

Unfortunately, due to family issues and job issues, I cannot continue with the program. The monthly payment is too much, plus I need to get the IRS paid as a priority. I am looking the settle the remainder of my cc debt. Citibank and BOA are my biggest ones - $23,000 combined.....:(

I have worked with Take Charge America in a debt management program. They have been excellent. They negotiated significantly lower interest rates on my cards and enabled me to pay them off much faster. Their people are knowledgeable and caring. TCA has an A+ rating from the BBB. I recommend them over so-called "debt settlement" companies.

Quote:

well before going bk, you misewell try to settle some of them if you want to avoid bk at all. but if your not worried about filing you may want to scince you have such a large amount of debt you may get sued in court if you dont get settlements quickly. but look at it this way there are worse things and even if you do get summoned to court and get a judgement against you, you can still settle even after that. so its all in what your looking for

I have been with TCA for 5 years. I have made my last payment and I am debt free. They were great to work with and I would highly reccommend them 100%.

What if you lose your job, get laid off, while on the TCA program?

I have been with Take Charge America for 1 1/2 years. They are a debt management couseling program. They negoiate your interest way down with your creditors , so you are able to pay off your debt, not to able to get rid of it.They have provided the nicest staff, who are all so helpful and kind. I will be debt free in about 1 year thanks to them. I highly recommend their service.

I would call DS Financial-866-833-6398 they settled my total debt at around 22 cents on the dollar.

Take Charge is an excellent company to work with. Their staff is very helpful and friendly and genuinely appears to care about your overall financial health. I would recommend them to anyone trying to eliminate debt in a timelyfashion.

I've been with Take Charge America for 2.5 Years. When I first starte I have almost $15,000 in CC debt and I was 60 days delinquent in all my CC payments and with all the late charges and payments, my interest rates went up to around 25.99%!!! CC companies were calling me at least 5 times a day. One of my creditors, BOfA referred me to TCA for debt management solution, so I knew TCA was reliable. I only have about $6000 of my principle balance left right now. My monthly payment started at $280/month(including a nominal $22 monthly fee charged by TCA) and they negotiated the interest rates down to 5%~6%. I recently increased my monthly payment to $400 a month because I got a new job that pays more. I will be done with the program within a year! Take Charge has made my life breathable the last two years! I'd highly recommend TCA!

Take Charge is a very solid company. I have been with them for 3.5 years and have paid off almost $37,000 in unsecured debt. I have 13 months left and I will have paid off over $48,000. It is not easy, they help you establish a budget and you need to stick with it, it is your responsibility to do it. If you have gotten yourself into the mess, you need to get yourself out of it.
They have a friendly, supportive staff. They call me to just check up on how I am doing and if I have any questions, how many companies do that?

I would call DS Financial they can be reached at 866-833-6398 they settled my debt for less than 25 cents on the dollar. They can be reached at 866-833-6398.

First there is a vass difference between a debt settlement company and a debt settlement company. Debt management manages your debt based on assets, budget and unsecured credit. The best ones are non-profit as they are not in business for your money and have strictly enforced privacy policies. There is a fee that is sanction by each state and a processing fee that is one time. Most fees are around $35.00-$45.00 dollars depending on the state and processing fee less than $100.00. They pay your debts based on your creditors policy with adjustments in your APR, over limit fees, and late fees. Your budget tells them what you may need each month to live. This is factored in so that you can survive while paying your debts on their program. They complete a full financial assessment and then if their program is an option , you are place on a managed payment plan that will have you debt free within 3-5 years or less. Debt settlement companies are fee based and collect your money never paying a creditor unlesss they sue you or your account is in collections pending civil action. You are getting further and further in debt as they mound up your money and if you cancel the plan they keep it all, no refund!. Research debt management as an option before debt settlement...you will be glad you did...