century negotiations

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 debt

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 debt was

If the process of getting out of debt was easy and simple then everyone would be out of debt! Its like hearing somebody complaining about chemotherapy..."dont do it..you'll lose your hair, you'll feel pain and achy all the time"......HELLO!!!! HOW ABOUT THE FACT THAT YOU CURED YOUR CANCER!!!!! HOW ABOUT THE FACT YOU'RE GETTING OUT OF DEBT!!!!

i find it funny a shill for a scam has to come on and yell at everybody.btw don't even go there with the cancer analogy.very poor choice shill,and doesn't make your case at all.

I also have had a go with this company and also am facing potential nbankrupcy. The told me there was nothing they could do. Seems like there are alot of us with this type of problem, I am stucjk as well trying to figure out the best possible outcome to what I thought was a perfect fit for me.

I work for the company, debts are settled at 58% of the debt amount, or .58 cents on the dollar, 0% interest, all fees included, how do we make money? .42 cents on the dollar is the industry standard for negotiating debts, we average .35 cents, the remaining .7 cents is insurance. the last .16 cents to make up the .58 cents on the dollar is program fees. If we settle your accounts for .35 cents, you save more money, your last few payments would then be dropped. Its all in the contract. If you owe 10,000 in debt, you pay 5,800, worst case, you could pay less. And yes, your credit will be shot, but if you are late on payments, isn't your credit in the toilet already... the reason the trust account you pay into each month is in your name is because when the debts are settled, you are paying your own accounts. This shows up as paid in full or paid as agreed on your credit report... NO 3rd party intervention like consolidation. What all this means is you are put into a position when you can immediately begin to rebuild your credit score, and do business with the same creditors you did business before entering the program.

no you don't owe cni, when i found out I was getting sued, i asked cni what they can do, they told me not to worry about anything and keep making the payments, that they were gonna take care of it, as it turns out they didn't do anything, i cancled the program and i ended up getting sued by one of my creditors, i had three creditors in the program, they did settle one of my accounts, but the other two, i just cancled the whole program.

question: what state do you live in: NY, WA, IN, among other states are cautionary states, that means that the attorney general of that state doesnt want people to go behind in the debts for too long of a time. what was your program term, in most cases 36 months is safe, 48 months can get u in trouble. Also, where you behind on your creditors for a while before entering the program? On the contract it says there is a chance you can get sued. if you dont want to worry about it, dont go with a negotiator model. use an attorney model. instead of .58 cents on the dollar. they are .60 and .62, but in the event you get sued, you are covered legally and they will represent you in court if you get sued no charge, or some might give you representation at about $100 an hour instead of 400-800 an hour like most lawyers.

Employee Know It All - Just a question: If someone were to stop making payments (as CNI and all those debt settlement companies advise) then eventually wouldn't the accounts be charged off anyway and sent to collections? Couldn't the the client settle with collections themselves then, since collections got it for pennies on the dollar? If CNI doesn't stop harassing phone calls or prevent lawsuits, and clients could negotiate themselves for about the same amount, what value does the company provide? You also conveniently neglected to mention the servicing fee for the trust account clients have to set up (probably NoteWorld) that will cost about $50 a month. After 36 months that's an additional $1,800 from the client's pocket. Money that could have went to a creditor. I just never understood why a client couldn't simply set up an account with his or her own bank and avoid that fee. More $$$ for industry players like your employer off the backs of desperate folks!

Just because the collection companies buy your debts for pennies doesn't mean you owe pennies. Sure you can settle your accounts directly with your banks but most of the time you wont get the debt reduced by the amount a negotiation company will be able to. Even if you do get the account settled by yourself, the banks want the money upfront, if you have a few grand in your pocket you probably don't need this program anyway. People that choose a settlement company to help them with their debts are in a hardship and payments are often to high monthly. You are correct that there is a trust account service fee and maintenance, but those fees are included in the monthly payments that are already cheaper than your minimum monthly payments to begin with, and you pay back at 0 interest. Also by settling with your banks they report to your credit bureau negatively so you are not in a position to be able to re-establish credit as well as if you had gone through this program - CNI also negotiates the way creditors report this information to your credit. for example your minimum payments are 400 a month and your interest is 29% because you've fallen behind one month and got screwed by your banks. We offer you 300 a month at 0% interest for 30 months. So you now save 100/month for 30 months immediately. You're debt is also not lasting 15 years or more so its not nessesarily the money you are saving on your debt by being in the program, its the money you are flushing down the toilet when your not in the program. Use an interest calculator and you will see the amount you are saving by using this program is far higher than the estimate they will quote you on... To answer your question, if you set up a savings account and stopped paying your creditors to put in your monthly payments and let them build until you can one-pay them at a reduced amount (typically 70% or more) you still aren't saving as much money as the 58% they charge with the servicing fee's included. You're accounts might not be closed down in good standing, you might pay interest, and you might be reported negatively to your bureaus. You also aren't provided with UCAN and Apex law group which will help you with harassing collection calls.

You can do it by youself but you wont be saving as much money if you where to use this company. even with the service charge which is already included in the monthly payments, you are paying more if you dont enter a program to help you out. Think about it this way, you are struggling to make your minimum monthly payment of 400, you enter a program to pay back debts of 10,000 at 300/30months. you are saving 3k on monthly payments alone in the 30 months you are in this program. If you weren't in this program, your debt likely wouldn't change because of your high interest rates, so in the 15 years it would take you to drop the debt down, you are saving another 400 each month after 30 months for another 15 years. You CAN do this by yourself with the banks, but they typically dont negotiate for less than 70%, if they do they expect the money upfront, they aren't going to let you set up a payment plan like the one that CNI offers. also by successfully negotiating with your banks, you are getting reported negatively to your credit bureaus, unlike CNI which negotiates the way its reported on your report, so that there is not waiting time between getting out of debt and getting back on your feet.

The above two posts is just bunch of bullcrap.

1. $300 monthly at 0 interest? Really did you call the customer bank and told them to cut the rete to zero? No the bank still will charge debtor interest.
2. 36 months program? Did the customer bank agreed to it and is willing to wait? No they are not going to wait. They will sell the debt or if they found out that the cutomers is paying you and not them - they will sue!
3. Even if you settle the debt it will not be reported as paid in full
4. Customer can settle directly wit banks for 20-50% - I did for 37% average MYSELF - AND ALL IT TOOK WAS ONE ( 1 ) PHONE CALL
5. Banks will accept installments.

6 - You know that the customer will be sued - that's why you are collecting your fees first.

Sooner or later - you will be in jail!

I have been with CNI for about a year now and have had no problems to speak of. They have settled 2 of my 5 cards for less than 40% of balance and have been working on the 3rd. It can be a bit tough to get a hold of someone but when I am able to they are more than happy to bring me up to speed on my current account details and discuss possible avenues to expediate things. They seem good to me so far...

Many lenders will not wait 30 months to get their money; the loan will be charged off and the debtor will probably be sued. Can you promise that your client will NOT be sued??? Of course you can't... You also cannot guarantee that a lender WILL settle or for how much. You don't know how much lenders are willing to settle with debtors when they deal with them directly, so you can't say "typically 70%" for sure. You simply don't have the hard statistics. That's your company line, what they wrote on your rebuttal sheet. Collections will accept a settlement from any debtor similar to whatever ANY DS company can get. Anyone who's been in default for a while can tell you that. You can't guarantee that you'd do better. We both know of people who signed up with DS companies only to be sued down the road because they took too long to come up with the money to settle. A quick search will tell you that FDCPA doesn't allow for communications of ANY kind between a lender and a debtor, so long as there is a written request. Since you're an "expert", you already know that doing so invites a lawsuit (since that's the only way they can contact a debtor). You probably also know that once anyone is out of debt (whether it's because they signed up with a DS company, settled their debt themselves, or filed bankruptcy) they can begin building their credit right away. You do people a disservice when you imply that the only way people can rebuild their credit is through a DS company like CNI. DS companies love to scare potential clients about how long it would take to get off debt while paying only minimum. Yes, it is a long time but it's not 20 or 30 years! At moneychimp.com there's a financial calculator anyone can use to figure out just how long it would take to pay off a loan based on the monthly payments and interest. To use your example, someone who owed $10,000 and was making $400/month paying 18.5% interest would take 32 months to pay the debt off. If someone where struggling to make the payments then they could pay $300/month, which would take 47 months to pay off. Going into any CCC program will lower interest rates and stop collections. Any banker can tell you that having CCC on your credit report is much more preferable to having a 120-day late, which is what would appear if someone stopped paying for more than 4 months. Are you suggesting someone should destroy their credit, risk a lawsuit (liens, garnishes, legal fees and all the stress associated with such actions) so that they could off their loans at a small discount a little faster? Your only allure really is that people can pay LESS than what they borrowed by going with a DS company, which most people would find ethically disturbing. You didn't mention that by not making payments (while they build up funds for eventual settlement), debtors WILL destroy their credit rating and that will hike up their insurance rates (sometimes by twice as much), shut them out of a lot of jobs (especially white collar) and make it extremely hard for them to get new housing. Regulations are coming out, Employee Know It All. There's simply too much fraud and disinformation out there. With about 2,000 DS companies in the country (and more sprouting up every day like weeds in an untended garden) it's the wild, wild west out there. You should have disclosed that your company, Century Negotiations, had to settle with the Colorado state attorney's office for a laundry list of infractions, from deceptive practices, to not being registered, to failing to allow consumers to cancel contracts (one of eleven DS companies). New York state had a similar lawsuit with other companies. TASC doesn't mean anything because 5 of the companies sued by the NY state attorney's office were members of TASC. One member company, New Era, has 52 complaints on the BBB website! Explore other alternatives, readers... DS is a bad idea.

Folks, at the very bottom of this web page... Look to your left. There is a window that says "Latest in Forum". On the third bullet point, click on the "How to pay settlement" tab. Read what Cityboy did. That includes you, Employee Know It All!

debt settlement companies are a scam!! There is no reason to pay someone to pay your debt. You can't afford to pay the companies you owe yet they expect you to come up with money to pay their fees. They can't lower your interest rates, they can't get you a better settlement then you can get yourself. They can get you sued for paying them instead of your creditors and make your credit score even worse. Call your creditors, they will help you!!

On the very bottom of this page, left side... Under the "Latest in Forum" box, look for a tab that says "How to Pay Settlement". You may have to look in previous pages as the box is constantly updated. You'll find some very interesting information there. Especially you, Employee Know it All...

Couldn't find the post that you are referring too, try linking it and ill be happy to read it. We ARE able to get 0 interest, the account you list with us for help are closed down in good standing, and you sign a limited power of attorney form with the contract which allows us to negotiate on your behalf. Your creditors have the right to sue, and CNI states that in the contract, you enter at your own risk, but the risks aren't as bad as you make them out to be. The banks know they will be getting their money shortly and its actually cost effective for them to deal with a DS company. your debt is 10,000, you pay them 4200 to settle accounts, now the banks are allowed to not only write off the taxes on the 5800 they didn't receive, they are allowed to lend out 42,000 to the next person. they are making out rather well and its pretty cost efficient for them to do so. Also - CNI is not licensed in CO - they only serve 32 states. Everything is also written in the contract, we aren't lying to people to sign them up, but we help them weigh the risks based on individual situations. If you have 15k or more in debt, there are other programs we recommend for you first that can help you out, and even if you get sued, they will be able to continue to help you. If you get sued and you are taken to court and our attorney program (not CNI) represents you in court, you are still getting a judgement to pay less 99/100 tunes. I don't listen to what other people tell me, I look up the statistics for myself. NOTHING IN LIFE IS A GUARANTEE - we tell you that straight up. you might not need our help, but there are millions of people out there that are desperate for something. And by the way, YES - everything on your credit report shows paid in full/agreed. Even if it took you 5 years to repair credit - its still a shorter amount of time than consolidation. but typically its 6-12 months for your credit score to be equal to or higher than what is was before you where in the program, and that is based on company statistics.

Oh, and while we never say your CANT go to your creditor and make a deal, I hear on an everyday basis from people that their creditor told them they aren't willing to make deals. I find that Chase, Discover, and Bank of America have given people the most problems. with Discover and Chase being the worse... DS isn't for everyone, but this company isn't the devil, try to make your own decisions and use some common sense.

Yes, the post is missing. Wish there was a way to read all previous posts! There's a lot of slick talking shills here that will try to steer people in the wrong direction. It doesn't make sense that DS companies will tell you in one breath that banks WANT borrowers to continue paying the minimum so that they're on the debt merry-go-round forever; but then in the next breath tell you that lenders are happy to charge off the account so they that can go and make more loans! (There is something called loan loss reserves; it's a bit complicated to explain here.) You see, there's just a scripted rebuttal for just about every conceivable question... Except that logic and the truth cannot be denied. There are NO statistics on how much lenders settle with debtors directly because they simply don't want EVERYONE doing the same thing. When debtors don't pay creditors so that DS companies can negotiate settlements, isn't it obvious that it's going to show up on the credit report?? The file looks like this... 0 means up to date; 1 means 30 days late; 2 means 60; 3 = 90; and then there's 4... 120 days and more. NOBODY rebuilds their credit back to the original score only 6 months-1 year after a couple of 3s or 4s. CNI doesn't operate in Colorado and yet they were subpoenaed by the State Attorney General. A quick search will reveal that. Anyway, Employee made his points and I made mine. I do not work for any DS company. My sole interest is in educating struggling people on their options. Readers can make their own judgment about which way they want to go. I hope I cleared up some of the confusion and misinformation about the process. Please folks, read EVERYTHING on this site. Make an informed decision about where you want to go, from your dire financial straits. I saw many posts by those who went with a DS company and those who did it themselves. As Employee Know it All stated so clearly, sometimes "people are desperate SOMETHING" [emphasis added]. It doesn't take a genius to figure out that there are going to be people out there who WILL take advantage of these poor folks. Tread carefully, folks... And good luck.

I would have to say good research - concerning credit score consider this: -10 creditors - i put 5 in the program and keep making payments on the other 5 -I also have a car loan and a mortgage -I'm improving debt to income -I'm improving # accounts open -15% of your credit score is payment history -Ask yourself, can you afford more debt? - -IF you answered no to affording more debt, you don't even need your credit score, because only thing you need it for is for more debt and a to buy a house. - -So if i hurt 15% of my score to become more LENDABLE, isn't that what you are trying to achieve anyway? - -And besides, any other payments you do make on time help to counterbalance the negative effect that the 15% of your score is taking. Maybe not completely but it will help.

You're WAY off base with the credit score. A bad credit score very often will be an impediment to housing and employment. It absolutely WILL raise a person's insurance rates across the board, from health to auto. Check your facts before you post, Know It All (Not)!

The number in the formula for the FICO credit score is more like pay 30%, not 15%. It's dynamic and changes with time and new records

my husband had enrolled in the CNI debt settlement company for 2 credit cards. A year and a half later they said they still can't pursue settling one of the accounts until we have enough $$ saved up in our reserve account. To date they have settled 1 account for us...a $3200 credit card for$ 1133..after we have paid in over $3400 in CNI fees already. Now we have decided to cancel the program and pursue settling our last credit card on our own. Since CNI hasn't attempted to settle with the particular creditor yet...can we be refunded some of the fees we paid in?????
I've tried to call and get some type of refund policy sent over with no luck. and according to TASC they must have a clear, written refund policy in place. I don't know what it is. It seems only just for them to refund back any fees we initially paid them to settle our second credit card since they haven't pursued it yet anyway. please help anyone!

This and other rsimilar companies don't do anything that you cannot do yourself. By doing it yourself, you can avoid lawsuits, and save money. Most all credit companies will work with you, just lay the cards on the table. Ignoring them as recommended is a huge and costly mistake that potentially can equal a lawsuit being delivered to your door. I personally helped someone, so I know. Get on the phone, deal directly!

:mad:I Agree!! Am sooo done with debt settlement companies. They prey on people who are looking for help with a situation that has them by the neck. The whole thought of giving 400-500 bucks a month to a company or in most cases some 24 year kid each month , in hopes that they try and settle your debts by talking to them makes my blood boil. They always say that you will have a trust fund and it will grow then they would start the negotiations!! After 12 months of fees your trust fund looks like crap!! Maybe 1,000 bucks , then you must wait and continue making your payments another 24 months to even come close to a settlement! I just cancelled with some company called the MLG Law Group out in Ca. after one payment I just got a sick feeling in my stomach, and sure enough i was right. I signed up for them to take out 352.00 a month and the bastards took 454.00 !! If you ask me thats a breach of contract and i went to my bank and closed that account and got a refund of the money. But it also told me to just read all the help post in here about doing it yourself so that every penny goes to your debt and not some company or 24 year kid on a commision!!

I am in the legal field and used to work for a DS company. I left because a lot of what I observed went against my own code of morality. Here are a few things to consider if you are thinking about DS: 1)You really can do what CNI or any other DS company does on your own. If you do handle your debt on your own, you immediately save the 17-24% of fees that you will pay to the DS company for their work on your accounts. 2)If you do handle your debt on your own, be prepared for stress. Being in financial straits is stressful to begin with, add in delinquency and things just multiply. The #1 reason why individuals get into a DS program is because they can no longer handle the stressful creditor/collector calls, the increasing number of calls that they are receiving, and face it...the abusive and demeaning manner in which creditors and collectors will call and speak to you. 3)***AND THIS IS MOST IMPORTANT***Whatever direction you go in, research, Research, RESEARCH!!!

Out of the DS companies out there, CNI is a more reputable one. They are registered with the BBB and TASC - which, contrary to a lot of the comments posted above, is a good thing. TASC is an organization that helps regulate DS companies. They also stay up on industry standards and keep abreast with the ever-changing financial and credit laws across the country. (The comment about CO courts and CNI - new law came into play, CNI refunded the portion of fees pulled back to CO clients in light of new policy.) One of the items that TASC plays a role in is consumer awareness. They do try to get the word out about consumer rights and the Fair Debt Collection Practices Act. This act governs how creditors and collectors can contact you and how they must interact with you.

At the same time, DS companies would not exist if they were not making money. Along with the positive comes the potential for the negative. As with any DS company, you will encounter a sales pitch. Be careful that you truly listen to what is said and not just what you want to hear (READ THE FINE PRINT!). Aside note: Do NOT engage with the likes of what "Employee Know It All" is spewing. He/she needs to get their head out of their a** and learn the business before misquoting what a DS company can and CANNOT do. NO DS company can make you a promise or guarantee that a creditor/collector will settle at a particular %. They might throw an average % out there at what they typically see, but there is no guarantee that that will occur for you. Bear in mind that DS is a process of negotiations: 1)You need money to negotiate. If all of your DS fees come out first, you'll have no funds until fees are built up. CNI is a bit different. They take a % of fees all in the first 3-4 months and then the remainder of your fees is split up over a longer period of time so funds are accumulating in your trust account. 2)As with any negotiations, it may take some time to reach an appealing point. Most creditors/collectors do not start off saying, "Okay, we'll take 19% of your $10,000 debt to close the deal. Sorry, it just doesn't work that way. 3)If you are considering a DS program, then you're already in some financial hot water. Know that there is no quick fix solution. It takes time to get out of debt and repair any credit issue. Do not join a DS program if you expect to be debt-free in a month, 3 months, 6 months, a year. Be aware of how far in debt you really are. A lot of misperceptions occur from consumers who do not read the fine print and believe that a DS company can suddenly erase all of their debt. When I worked in the business, I actually had a client who paid $400/month towards their debt and had $56K on the program and believed that they would be debt-free in a year. You do the math. There is no silver bullet. 4)A DS company cannot guarantee you that your creditors/collectors will not move forward in attempting to collect your debt. They will. If your debt is still with the creditor, it will go to that creditor's collection department. If you remain delinquent, the account could charge off, go into collections, and move on from there. A creditor may decide to send the debt to a different collector befor an account ever charges off as well. There are no hard and fast rules. Chances are, however, that if you do join a DS program, your debt could see 3 to over a dozen different collectors before a debt is settled. In addition, just because you join a DS company and the DS company is negotiating with your particular creditors does not mean that they stop all action. They will continue to collect on the debt. Yes, sometimes that does mean legal action. Legal action *typically* (I say typically as this is usually the case, but not always) occurs as a last resort - when the creditor/collector has tried other means to collect and those means have failed. Depending on your state of residence, legal action on a debt can be a very frightening and stressful process. In my past experience, if you reside in NY, IL, WA, NC, MO, and HI - you may have a particularly rough experience. NY will try every means applicable to the law to collect on a debt and they may do so simultaneously. What that means is that if you are sued on a debt and judgment awarded, NY law allows for a creditor to garnish your wages, lien your property, and perform a bank levy all at the same time. In terms of WA, if you have a debt go into a legal status, most likely it will be sent to the law firm of Suttell & Associates. The 3 main attorneys that work within the firm are very pleasant and helpful - if you are lucky enough to get them on the phone. Most likely, however, you will work with one of their paralegals or legal assistants. They are not so pleasant and easy to deal with. If you reside in MO and join a DS company, good luck. The DS company will NOT be able to assist you. You will have to negotiate on your own. Some DS companies like CNI will walk you through the process of how to handle those conversations, but you must play an active role. That is because MO has a statue that makes it a misdemeanor for negotiators to try and alter a legal debt - meaning that those trying to decrease your debt would not legally be allowed to do so within this state. I mention HI as a tough state because the main law office that collects on debts - Marvin Dang's - employs numerous individuals from not necessarily educated backgrounds. His "paralegals" do not have certificates as is the norm across the country with a lot of debt collecting law firms. That is just a better sounding term so you think that you are dealing with someone of a legal background. Typically these individuals are just collectors working for a law firm. With this law office, as any honest DS company would tell you, you will always get a conflicting story. You will never have a true idea of where the debt stands as his employees know just enough to be dangerous. For example, when I worked in the business, I came across 1 client who had been sued (and had 2 judgments awarded) on the SAME account. To say that was a mess is putting in mildly. 5)CNI is one of the DS companies that can assist you to a degree if you are sued on a debt. Typically they will be able to negotiate with the law firm who is suing you in order to try and resolve the matter before any scheduled court appearance. If you are sued, research the legal process. There are literally too many legalities to get into in this forum, but know the legal process. Answering/responding to a summons (usually the 1st court date you receive if you are being sued) is typically not the only court appearance scheduled. Most DS companies - CNI included - can negotiate with the law firm to try and resolve the debt, but CANNOT assist you legally as there are no attorneys on staff. Meaning that CNI and other companies like them cannot advise you legally, answer a summons for you, or appear in court. While CNI does have a "Priority Department" where legal accounts are settled, this department does not have an attorney on their staff. The manager of said department has an Associates degree. If you are expecting someone from a more educational arena to assist you, you typically will not find it within a DS company.

As you can see, in some way a DS program can assist consumers. The majority of the time, however, DS is something that you can do on your own. You just need a firm presence of mind and to be realistic about your debt. Either way you decide to go, thoroughly research both options before choosing the direction to take!

I've been with CNI for over 2 years and had 8 credit cards with over $11,000 in balances. CNI has paid off all but 3 cards. The total remaining amount to be paid off, if in full is approx. $8,000. What CNI has done is pay off all of my smaller account balances with the exception of Chase. I told them I wanted them paid off quick due to them being very aggressive. I plan to cancel them since they told me it would take 2 years to pay them all off.
I'll peruse paying them off myself now. I understood what I was getting into and dont have any problems with that. It was easier to just pay $200 a month. More then half of what my min. payments were.
Has anyone had experiences with Advanced Recovery Systems? I forget who they are a collection company for, but they're the only ones calling me all of the time.
I owe just over $3,000 on one card, $4,000 on the other and $900 on the 3rd. Will collection agencies really sue me over these smaller amounts? Wont it cost them more in legal fees?

Quote:

Didnt work for me. They got thousands of their fees up front, then before they put anything into the escrow account I started getting sued.
Im much., much worse now than I was before them.
And to the person who got CNI to rease 75% with B of A, I did that myself (while I was still with CNI ) for 85-88% off of my cards with them.
To employee know it all:
>And yes, your credit will be shot, but if you are late on payments, isn't your credit in the toilet already
No, my credit had no late payments when you guys said to stop paying them.
>the reason the trust account you pay into each month is in your name is because when the debts are settled, you are paying your own accounts
But you dont highlight the fact you take like 95% in fees the first 4 months (8 grand in my case in that 4 months)
>This shows up as paid in full or paid as agreed on your credit report...
No it does not. CNI told me that too, it shows up settled for less than the full amount.
>What all this means is you are put into a position when you can immediately begin to rebuild your credit score, and do business with the same creditors you did business before entering the program.

So how does that work? I got 2 lawsuits in the 3rd month with you guys. 4 more followed.
There was no way to continue with your plan.... but hey..... you got cash up front for you.
It only put me in a worse situation!

should I or should I not go to cni

Ok, in short, im only giving the same sales pitch as we where given by my company who referred CNI, the real truth is you dont want to be a part of a settlement company.... i repeat, YOU DO NOT want to be with settlement, the only thing settlement companies are good for are short term programs, for example, 12 months or under is usually safe, also, there are companies out there that are represented by lawyers, we call this the lawyer model. The questions you need to ask to protect yourself is: Does the attorney general of the state I reside in have a record for suing for unpaid credit, i know at the time NY, FL and OH where part of that list. Another question you'd like to ask, If i get sued (watch for the sales pitch here, we will try to tell you that the creditors want to work with us and that your chance of being sued is minimal) will an attorney represent me in court. again watch the sales pitch saying, we have attorneys that work for CNI, that is not the same as telling you one will represent you in court. whenever you spend 1000 and only have to pay back 6000, theres a problem, understand this. goodluck to you all

I have been working with this company for 2 years and let me say, DO NOT WORK WITH THEM! This company (and probably most like them) is a scam! I am currently being sued by one of my debt companies and Century Negotiations has done nothing to help. I tried to get them to contact the debt colletions company and work on an agreement for months but they would not, telling me just to "wait it out". In the end the collections company filled a lawsuit against me and I am having to pay $1,300 more then what I origonaly owed. Do your self a favor and try to settle your debt your self. Call the debt collectors, make a special saving account for your self and when you have some money make a deal yourself, trust me you couldn't do wores then this compay.