Settelment over..

Aren't you receiving the promised services form them?

I'm not sure that I guessed your question properly.

You are required to pay a fixed sum every month towards consolidating your debt to the consulting firm and they'll charge a specific amount as service charges for working on your behalf. These were all agreed, I suppose, at the time you joined their program. Why are you suspecting a scam now? Is some data missing in the post?

I didn't join the program yet! I just informed myself about how there program workes. And they even send me the prommised e-mail I requestet with all the small printed stuff plus the numbers we were going over. I would pay my depts in full.

I just was wondering if anyone know something about that company. So I don't get scammed again like with Credit Solution.

Okay i settle with the people I found over forbes.com.
They have a good bbb file and I can't find anything bad over ripp-off either and it seems like that some few people have dealt or still dealing with them.

So I started today and suppose to be in 4 Years debt free. Payed in full just less and settled apr. They take out the first payment on the 1 of April. I do get every month from them a Statement and also from the Creditors so I can check where I am at! Keep you informed if you want to!

Oh and if someone want the name look here debtguru.com

Uppssss forgot to sign in!
And I ment some people from the forum here dealt with them

Basically they are saving your money - collecting their fees up front and settling with your creditors when they have enough money to do so. During that four years you will get charged off, put in collection and maybe even sued; if you get sued they will dump you like a hot potatoe because they can't represent you because they are not attorneys. Meanwhile, they have been paid and your debts are still not settled and you are in a worse position than when you started. You can do what they can do - borrow money, save money, whatever you have to do then offer your creditors 30-40 of what you owe them in a lump sum settlement when you have enough to pay them. That is what they are doing for you but they are taking fees monthly and they will get paid before a creditor is ever paid.

I don't know about which company you talking about now. But I reserched now everything and the Company I am talking about has an A rating on BBB and they don't save up the money but send the money every month to the creditors, I also do get a Statment from them and can match it with the ones from my Creditors!
Other then that They just Settle the apr but what I owe will be paid in complete.
Sorry that I asked a question here and nobody is giving me a real answer!!!

If the company has a good standing with the BBB they are probably not a scam. Just make sure you check with the BBB, don't just take the company's word for it. Don't even trust a BBB icon on the company website; go to www.bbb.org and if they have a good rating then chance are it's a reputable company.

Thanx mbeetz that is exactly what I did! So I see how it's working. Tomorrow I have also a Job interview for a Manager position. So maybe the financial Situation gonna be a lot better then too!

Maybe I'm a little confused here [it's hapened before!] But when I pull up forbes.com, I get the website of the well-known business news organization, not a settlement company. What am I missing here?

That is the side I found that company I am setteling with over that site! First I thought it's them but it's a diffrent Company. They just made the match!

So in case anyone is intrestet! I did the first payment and got send a Statment. I checked online the Statments from my creditors and the money was payed to all of them like stated from the Company. Now if it stayes like that I should be fine!

what company are you guys using and since it's going every month isn't it a debt management company, not debt settlement.

Schnuck, what company are you using? And I have a question; is your all your debt with original creditors or in collections?

I would like to be with someone that made the monthly payments; but i have been told that if your debt is already in collections you can only do a debt settlement instead of consolidation..

gordoj& purplegirl69 its debtguru.com aka American Cedit Foundation.
I bring that with settelment and managment always around. But yeah fakt is they take the money out of my account and they send it strait to my creditors it took from my account to the creditors account about 4 days. I would say that is pretty fair!
to answer you purple girl some of my stuff is in collections. What they needed is a statment letter from collections and they deal with them. Like I said it's only the first month but my ugly calles are already less then before and I feel a little more unstressed. I had called many times with questions and my counselor is mostly to reach if not I leave a message with my question, either he calles back or send me at least an e-mail.!!!