century negotiations

Dear Kimmy,

I think that you are asking about the debt settlement company Century Negotiation Inc. What do you want to know about this company? Can you be a bit more specific?

Century Negotiation Inc. or CNI, known popularly, is a debt settlement company and till date has managed more or less $200 million. It has also helped 1000 of its clients towards completing their program.

To contact them, you can snail mail them at: -

Quote:

Kimmy,

You can also do a search of the company here & see if others have dealt with them...the search box is at the top of the page.

Also, apply or call for a free consultation. You might also get more options from the consultation as well.

I agree with Lawn. You can have a fair and expert comment on your problem from this community through Free Consultation or by calling toll free number (800) 601-1579.

I like to know if they are good company do business with.Not just out there take people money not help them.I been getting telephone calls from collector 6 or 7 times a day.Orchard card told me they have'nt here from them,Kindy got me worried about this company.

Century Negotiations , New beginnings debt settlement LLC and Superior debt relief and some the best settlement companies out there. They are all members of the BBB and are either members of TASC or USOBA. You can't go wrong with any of these companies.

Do not use this settlement company. I was in it for 2 years; it was a big waste of money. I now owe more debt than I did when I started, and I am going to have to file bankruptcy. It makes no difference that they are a member of BBB.

CNI is a waste of time they screwed me big time. they did settle one of my debts but the other two they didn't now i have to go to court and pay more than what i had with the credit card company, you are better off just paying the creditor yourself, cause now my credit is screwed up. so now they can't help me do anything, so i cancled the whole program with cni.

DO NOT GO WITH CNI. They definitely misrepresent. The program was not at all what they told me it would be. I went into their program two years ago and I have quit it because I am in much worse shape than I was when I joined. And I now have a 2nd lawsuit against me. I have had to file bankruptcy. I was trying to do the right thing (or so I thought) by going with a debt settlement company instead of filing bankruptcy. All that did was take my money and now I have to file bankruptcy anyway. DO NOT LET THEM TALK YOU INTO THIS PROGRAM.

I went with CNI for my debt settlement. They originally told me it would take about 2 years to settle all accounts. It ended up taking three years instead, but that could be due to interest added after I started the program. All debts have been settled as of last month. The only down side is that your credit rating gets shot to h*ll by doing this, since the debt looks like it is being ignored and nothing is being done about it. Also, their communication is very poor. When you call to talk to someone (after you enroll in the program), you pretty much always have to leave a voicemail because they never answer the phone. Very rarely did I ever get a call back either. Overall, if I could go back, I would not recommend this company.

I got two kind of consumer feedback in our forum about Century Negotiations: -
I signed up for Century Negotiations Inc and they didn't do squat for me

good settlement companies like Century Negotiations, ...

i think CNI is great. i have been in it for about a year and have had 2 debts settled so far. i should be done in the next 1-1 1/2 years. like another poster said, you credit will suck afterwards, but it was definitely worth it to me because they have saved me so much money its insane.
also, i have spoken to them every time i called and have not had to wait on hold for long either. they have been very helpful when i have called and UCAN also helps you out when you enroll in CNI. UCAN is amazing as well.

I have been in this program for over 2 years....what a waste of time and effort. They have poor customer service, charge 15% of the debt, then take debts that they can't save you money on. For example: $50,000, you pay them 15%-$7500, they settle your accounts for 80%-$40,000, you save $1500. THEN, you get to pay taxes on the amount they saved you...20%...$10,000 which is about $3000...do the math, you pay more and your credit score is crap! Not to mention that you wasted 3 years and paid money to a company that is doing NOTHING for you.

I had a good experience with them. debt0enrollment.com

Sullman , this site doesn't allows solicitations. You have already tried to pitch this horrible company on another topic. Debt Zero ..aka debt0enrollment.com has an F rating with the BBB.

Hi. I am enrolled in Century Negotiations. I started the program in April. It is no walk in the park! Even though I almost have 2 credit cards paid off, I wish I wasn't in the program. I didn't know you could work with the credit companies yourself. Now I'm struggling to pay CNI every month. I'm also being threatened of being sued. How to get out? If I cancel the program, I owe CNI now, right?

I've been in the CNI program since April 08. They do charge 5% retainer paid over 1st four months then 10% of debt owed spread over next 15 months. I still have 11 payments left but am going to cancel the program. I have been sued twice and expect to get sued more. They have settled 3 of my accounts but I think I could have done the same. About 55% of balance owed.

First time sued, I have ended up having to pay full amount owed over 24 months. Second time sued is still pending, but the creditor's lawyer won't deal with CNI so I have to call them myself anyway.

Also have to play phone tag a lot when trying to talk to a specific person. I'm going to take the fee I would be paying them for the next 11 months and use that to put towards more credit card settlements on my own.

Credit rating is shot but that has nothing to do with CNI. I just think I could have done the same thing without paying so much money in fees. I will say UCAN was very very helpful the first 6 months when I was getting numerous collection calls every day, so that helps make me feel better about the fees I've already paid.

i've been with this company for almost three years (i had a lot of debt) and they have been awesome! they are very patient and willing to help and the sign up was easy and comforting. it's taken a little longer than they told me originally to pay off my debt, but that's mostly my fault. anyway the point is they are well worth the small amount they charge to do this for you and the peace of mind is worth every penny. i had 10 cards to pay off and i'm now down to 2. they've been amazing!!

I'm gargoyle999 from above...guess I forgot I created that logon...anyway..I did cancel with CNI in Dec after starting the program in May 08. I can't say they are a scam or anything. They do negotiate with the creditor once you get enough funds in your account, but those fees they take out really make that harder to build up.

Once I canceled I was able to get lower % settlements on my own plus no fees. I wish I would have found this site before I signed up.

They do take some pressure off you, but really I could have settled at least one if not both of my two remaining accounts with the fees I paid them before I canceled.

15% is a lot of money. I don't think they were aggressive enough with sending out DV's within the 30 day limit, may not have sent any. I got sued twice when in their program, have one judgment, still had lots of calls, etc. I did settle the 2nd time I got sued on my own before I had another judgment against me.

Oh and speaking of calls, when I was dealing with the initial contact who's job it is is to convince you to sign up, he said I would be able to use a phone number for them to give to my creditors to reduce my calls. But once you sign up you don't deal with that person anymore, and I was then told that was not the case. So they lied to me about that.

Anyway, really they did what they say they do. They don't claim to be able to stop calls, prevent getting sued, etc. They did negotiate 3 settlements for me.

I just wish they were more aggressive with sending out DV's, and could do more to not have me get sued. Cause for 15% fees on almost $70,000 debt just negotiating settlements of around 50% and having me get sued twice really wasn't worth it.

I was just very scared of what was about to happen and wanted the support of a settlement company. But now that I've been through the worst of it, I realize for what they charge they really aren't providing anything I could not do myself. I'm glad I canceled with 11 months left of fees saving myself around $3800.

My advise to anyone asking about joining a debt settlement program is:

1-be glad you found this site when you did

2-spend time reading the posts here

3-don't be afraid of doing it on your own

4-give your info to one or two programs. Find out what they say your payment would be per month and what their fees are.

5-set aside what you would have paid a debt negotiator each month and be strict about it. Use those funds to negotiate on your own and use what you would have paid in fees to work out settlements.

6-remember you don't have to answer the phone or call the creditor. You can send a letter to them to avoid the harassment of a phone conversation.

Hi arb,

I totally agree. 15% is way too much to pay for something that you could do on your own. I realize people are busy, but are you so busy that you can afford to throw away thousands of dollars to a debt settlement company? Between that and the taxes you have to pay for the forgiven debt, that's quite a chunk of change. Congratulations for at least saving yourself $3800 by dropping out. You could use that to pay the extra taxes and the rest you can earmark for a celebration after you have become debt free - because you *will* want to celebrate, especially with the added self-esteem by doing it yourself.

chrys

I have been in CNI for about 2 years now. My one card had a balance of $3600 and they settled for $1600. the second one was well over $6000 and in 6 months it will be completed at an agreement of $2900. I have never had any trouble reaching anyone. My one complaint is when I changed bank accounts I had to call three times until it got straightened out.

i know every single worker of theirs is a convict. i visited one of there offices and pretended to apply for a job to figure out what happened to the money i put into the program. these felons have access to all of your info including ssn, credit card numbers, and bank info. no wonder identity theft is the #1 scam nowadays.

I would like some one explain to me what this latter mean.I am kanda slow in this fast lane.
CNI sent me a letter to authorize them to contact my CREDITORS in order to communicate directly with them,after they have been withdrawing fund from my bank account for several months,this is how the letter says:

AUTHORIZATION TO COMMUNICATE WITH CREDITORS AND COLLECTION AGENCIES.

I(we) authorize century negotiotion Inc. to:

1. Communicate with my creditors for the purpose of advancing my programe;and
2. Obtain records, debt validations, credit reports and support for the debts allegedly owed on my(our) behalf;

I(we) affirm that all the information that I(we) have or will provide to CNI is accurate, timely and correct.CNI May discuss any and all the details of my(our) financial situation with any first party creditors or collection agancy.I expressly acknowledge that CNI is not a Law firm and does not provide legal advice or representation.CNI DOEN NOT ASSUME TO PAY ANY OF DEBTS FOR ME,and SOLELY ENGEGED TO PROVIDE COUNSELING AND ADVOCACY LIMITED BY MY PROGRAM AGREE MENT.

cLIENT SIGNATURE .............. DATE.......

Now, my question is in they are not gonna pay my debts,what about all the Money they have been taking from my bank account?

Can someone out there explain to me what they mean by that

Blood drop- I have the same form from when I enrolled with CNI. The wording is "CNI does not assume or pay any of my debts for me..."

In other words, they are not paying any of your debts with their own money nor are they taking responsibility (ownership) for them when you are in the program with them.

They will settle your debts and initiate payments as funds accumulate in the bank account that was setup when you enrolled. But that is your money they are using, not CNI's money.

So yes, they will "pay" your debts in the sense that they transfer money from your account to the creditor once a settlement is worked out. But really you are the one paying not CNI.

You also should have received a letter from Global Client Solutions that gives the details on how to log into your account so you can see how much money is in your account. It will show you how much they take out in fees each month for CNI, if any payments are made for settlements, even tracking numbers when payments are sent out.

Did you get a letter like this?

Thank you arb,that is good enough,I thought that all the money they have been taking from my Account is gonne for Nada,About the letter, and tracking info,I think they did but I have to double check on that.I was a bit worried according to all the info up here.

I have been in this program 2.5 years now. I have settled a lot of debt out and have really felt comfortable working with them. I've always been able to get in touch with someone when I call and they are excellent to return calls. I'm not sure I would go this route again because, like others, my credit will be shot but I am out of debt in 3 years rather than the rest of my life. I think I would go with a company that does work with the credit card companies, rather than telling you to stop paying the card companies. IF there is such a company that works WITH the companies, rather than ignoring them until it's time to settle, I bet your credit rating would remain partially intact and you'd come out a bit more in $ but probably better overall. Hope this helps. I tried to research them when I started and there was nothing out there about them. I hope this info helps someone else make a good decision. I've gotten great customer service and settlements but not sure this is the best route to go.

guest, there is companies out there like that they are usually consolidation companies or management companies. From what i see the complaints in this post are typical normal settlement issues. Outside of the customer support not being good, or outragious fees, settlement companies cannot promise you will not get sued, that the calls will stop, that your credit will be ok, or that you will be done by X date or X amount of money. They cannot promise you this because every creditor is different. some go easy some go hard. its just the nature of settlement. you can infact do this yourself but with the same results, you could still get sued, still get a crappy credit score and so forth. Settlement stinks period. Thats why you should only use it if absolutely necessary. know the facts about settlement so you can be better prepared.

I had about 60k in debt due to a failed biz venture. I enrolled and it is now my 2 year and I am paying off my last card. I reccomend them and the have been felxile with me when I could not make my monthly draws.

How do you cancel the program?? I've been in it for about 2 months and already hate it! What fees do you have to pay if you cancel??

You have to pay the first 4 months of fees no matter what once you sign up which is 5% of your total enrolled debt. After that if you cancel there are no additional fees, you are just out that 5% you already paid.

I typed up a letter telling them I wanted to withdraw effective immediately and sent one copy via email another via fax and another via certified mail. They have to receive it 5 business days before your withdrawal for it to be effective for that same month. I did not want there to be any question they received it!

oh wow!! That kinda sucks! But i think i'd rather loose that 5% instead of taking the chance of getting sued. These post on here really scared me and i want out asap!! I just think there has to be a better way of going about all this! How they do things just doesnt seem right and when i signed up i thought it was totally different. But anyways.....thanks for the info arb!!! I greatly appreciate it!! :)

do you have to pay all these fees up front??

Hi. I am enrolled in Century Negotiations I was totally not told anything that was going on, I asked a million questions and not one person was honest to me about this, Is that legal? They totally misrepresent themselves and what they can do for you. I had perfect credit it was just a real struggle for me to make things work financially, but I was managing some how, but what they told me was i needed to stop paying my creditors and they would handle all of that. Now my credit is probably 0 by now its only been about 8 months and im scared im going to really get into some legal trouble now. I don't answer my phone anymore at all because I have creditors blowing it up & they tell you not to talk to them but what happens if I do? Will someone please give me some advice, i realize I am asking for alot but this is my first time turning to these places for help, I have always done things on my own, but now I am freaking out

If you believe that they misrepresented themselves, then you need to file a complaint with the BBB, the FTC, and your state Attorney General's office.

Debt Settlement is *not* a easy process. The easiest way to take care of debt is to pay it. Any other way will take some work, some time, and some aggravation.

At any rate, have you informed CN that these calls were continuing? If CN is not a law firm then the creditors really have no obligation to stop calling you, they only may not call you if you send them a Cease & Desist letter or you hire an attorney or during the time between when you dispute the debt within the 30 day period of the dunning letter from collection agencies and the time they actually provide you with the verification of the debt.

So other than paying in 5% the 1st 4 mos, then 10% additional over 15 mos, do you have to actually pay anything on the debt once it is settled? Does the cc co. take the negotiated debt from the 15% you've paid in? Or do you have to pay off the debt from your own funds, separate from what you've been paying to CNI?

Could someone please give me some specifics so I can understand this better?

Yes of course you pay it with your own funds! There are debt consolidation loans, but CN does not appear to be a loan company.

When you settle, you need to request a letter stating that the debt is settled and the account is now closed.

See the "Do-It-Yourself" section above for more info on the process.

Hi. I am enrolled in Century Negotiations since March of this year. Once enrolled I haven't been told anything that is going on, I asked a million questions and not one person was honest to me about this, what they told me was i needed to stop paying my creditors and they would handle all of that. when I asked why they said it only hurts what they are trying to do.that's when you can get intouch with someone and not have to leave a message that doesn't get returned. I have been sued once, but thanks to post here I have been able to work out a payment plan, instead of facing garnishments. I am pondering qutiting the program, not sure if I do will the money I have paid be lost and I have to start over saving money or If I should just quit the program and just chalk the money the time as to learning a lesson. any suggestions.

Did you even read the TASC disclosures on the contract that pretty much covers all pros and cons of debt settlement ?

Not to mention the rest of the agreement you signed when you became a customer/client.

TASC is pretty thorough with their disclosures.

I read the agreement and the TASC, but when you think your in a desperate situation and now where to turn, sometimes you think this is your only hope. I wished I would have found this site much sooner than I did. the advice I have gotten from here with the few post I have done and from reading other posts from people going through what I am has helped and I have learned that if you can pay a debt settlement or debt management you can do it yourself if you are diligent.

Quote:

That we are working on we have cancelled with the debt solutions and made a pay and delete off to one creditor waiting on a response.

Sorry forgot to sign in the guest post is mine.

That we are working on we have cancelled with the debt solutions and made a pay and delete off to one creditor waiting on a response.

ALL THESE PEOPLE COMPLAINING ABOUT CNI ARE COMPLETELY FORGETTING THAT B4 JOINING THE PROGRAM THEY WERE THROWING MONEY OUT THE WINDOW EVERY MONTH WITH NO CHANCE AT ALL OF BECOMING DEBTFREE!! THEY WERE EITHER STUCK PAYING MINIMUMS OR BEHIND ON PAYMENTS! If

ALL THESE PEOPLE COMPLAINING ABOUT CNI ARE COMPLETELY FORGETTING THAT B4 JOINING THE PROGRAM THEY WERE THROWING MONEY OUT THE WINDOW EVERY MONTH WITH NO CHANCE AT ALL OF BECOMING DEBTFREE!! THEY WERE EITHER STUCK PAYING MINIMUMS OR BEHIND ON PAYMENTS! If the

ALL THESE PEOPLE COMPLAINING ABOUT CNI ARE COMPLETELY FORGETTING THAT B4 JOINING THE PROGRAM THEY WERE THROWING MONEY OUT THE WINDOW EVERY MONTH WITH NO CHANCE AT ALL OF BECOMING DEBTFREE!! THEY WERE EITHER STUCK PAYING MINIMUMS OR BEHIND ON PAYMENTS! If the process

ALL THESE PEOPLE COMPLAINING ABOUT CNI ARE COMPLETELY FORGETTING THAT B4 JOINING THE PROGRAM THEY WERE THROWING MONEY OUT THE WINDOW EVERY MONTH WITH NO CHANCE AT ALL OF BECOMING DEBTFREE!! THEY WERE EITHER STUCK PAYING MINIMUMS OR BEHIND ON PAYMENTS! If the process of

ALL THESE PEOPLE COMPLAINING ABOUT CNI ARE COMPLETELY FORGETTING THAT B4 JOINING THE PROGRAM THEY WERE THROWING MONEY OUT THE WINDOW EVERY MONTH WITH NO CHANCE AT ALL OF BECOMING DEBTFREE!! THEY WERE EITHER STUCK PAYING MINIMUMS OR BEHIND ON PAYMENTS! If the process of getting

ALL THESE PEOPLE COMPLAINING ABOUT CNI ARE COMPLETELY FORGETTING THAT B4 JOINING THE PROGRAM THEY WERE THROWING MONEY OUT THE WINDOW EVERY MONTH WITH NO CHANCE AT ALL OF BECOMING DEBTFREE!! THEY WERE EITHER STUCK PAYING MINIMUMS OR BEHIND ON PAYMENTS! If the process of getting out

ALL THESE PEOPLE COMPLAINING ABOUT CNI ARE COMPLETELY FORGETTING THAT B4 JOINING THE PROGRAM THEY WERE THROWING MONEY OUT THE WINDOW EVERY MONTH WITH NO CHANCE AT ALL OF BECOMING DEBTFREE!! THEY WERE EITHER STUCK PAYING MINIMUMS OR BEHIND ON PAYMENTS! If the process of getting out of