Debt Settlement

Do a search in the box above! There are four other threads about them!

Century Negotiation,Inc. is one of the better settlement company's out there. They are members of the BBB and have an excellent track record and have been around for years.

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im sorry i didnt realise i couldnt give info on my company. shouldnt the company with the best record and service be able to verify it?

whats the pay structure for debt settlement employees? Is it comission-based like collections?

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Adrienne , Advertising is forbidden on this website.

Please dont aadvertise here..

American Liberty Financial is a scam. According to the BBB report Elaine Sorrells is the owner. A google search on Elaine Sorrells owner of American Liberty Financial in boynton Beach Fl. produces some alarming search results.

Elaine Sorrells apparently is an absolute fraud according to the Attorney General in New York as she is facing criminal drug charges and was involved in the steroid ring in Albany last year.

Whoever this moron is posting about this company as well as wanting info on the llegro law group is a fraud also posting comments about ALF and LLegro law group wanting to know more when his username is llegroalf. I for one take that crap as an insult thinking we wouldnt figure it out?

Go sell some steroids or rip off some more employees.

American Liberty Financial is a scam. According to the BBB report Elaine Sorrells is the owner. A google search on Elaine Sorrells owner of American Liberty Financial in boynton Beach Fl. produces some alarming search results.

Elaine Sorrells apparently is an absolute fraud according to the Attorney General in New York as she is facing criminal drug charges and was involved in the steroid ring in Albany last year.

Whoever this moron is posting about this company as well as wanting info on the llegro law group is a fraud also posting comments about ALF and LLegro law group wanting to know more when his username is llegroalf. I for one take that crap as an insult thinking we wouldnt figure it out?

Go sell some steroids or rip off some more employees.

century negotiations is another company that is worthless. any company that charges a set up fee before providing a service is a scam.

there are a number of posts on this very topic which is how i found this site to begin with and it makes absolute sense. do not pay anyone for a service you can do on your own and definitely do not pay anything up front.

there is also alot of talk about the owner of century negotiations and how the owner has access to his clients trust accounts where you send your monthly payments and owes close to 1 million to his clients.

Guest , you guys are spreading rumors you can`t substantiate. Century Negotiations has been a member of the BBB since 2003 and they have very few complaints as well. They are one of the few settlement companys that are not a rip off. All settlement and companys charge some sort of fee up front. Even credit counseling Companys charge the first payment in fees. David Leuthold is not only the owner CNI but he is also the Vice President of The Association of Settlement Companies. His company Century Negotiations is a accredited member of The Association of Settlement Companies [TASC]. It has demonstrated the required business practices and standards required by TASC.

If you want endorsing people to settle on their own thats fine. There is nothing wrong with trying to settlement debts on their own but don`t post ignorant comments about any company that charges fees up front is a fraud. Thats just not true.

debt settlement company's are in business to make money, so I would think they would need to get some money up front to cover their overhead if nothing else....just my two cents

Laura, did you find an alternative yet?

:shock: Shame on all of you. Obviously not all of you are Angels, or you would not be so far in debt. Tisk Tisk.

Be sure to do your homework carefully before you do ANYTHING. Get all of your facts straight before you cast your statements. Whether you go with Century Negotiations, American Liberty or Sixpert make sure that the company you choose has got a good rating with the BBB and are an member in good Standing with USOBA.

I company that has no feedback on the BBB is obviously not a member. Remember what you read in the press is usually SPIN. Reporters like politicians are the same breed. You know they are lying when thier lips move.

Personally I used American Liberty, I am debt free and they lived up to their word. It was not an easy road, but what fool would think getting out of debt would be?

Mobile and Vmpy are correct. How would you like it if an ex employee spread nasty rumors about you. Come out of the closet "guest" and show yourself!
[color=DarkRed][/color]You are funny!!!! Do I get extra points if i guess your name??? :twisted:

Century Negotiations Inc - The BBB processed a total of 34 complaints about this business in the last 36 months, our standard reporting period. Of the total 34 complaints in the last 36 months, 11 of those were closed in the last 12 months Complaints Concerned Service Issues: 19 Outcome of all complaints
Resolved: 18

What about this one Im gonna use, http://goldengate.bbb.org/WWWRoot/Report.aspx?site=99&bbb=1116&firm=75996

only 2 complains

When someone settles a debt on their own they will receive a 1099 from the irs on the amount of money they saved. century negotiations has settled over 400 million dollars in debt without any of their clients receiving that 1099. Also when settling debt on your own your accounts will usually read as settled for a lesser amount. With century your accounts will read as paid as agreed or paid in full with a 0 balance which is substantially better then settled for a lesser amount. Also rather then having to come up with all the money up front for a settlement, you will be on a monthly payment program comfortable for you. Century negotiations track record speaks for itself. A great bbb record and a member of tasc as well. Debt settlement is not for everyone but it can be a great help to the write person. I would call them and speak to someone at century and usually they will honestly tell you if their program is for you. I have a friend who was thinking about doing it and century turned him away because they did not think it was right for their situation. As far as i know they are a very good company.

its a shame that people just cant come to this forum and post thier "real" experience so that people can make a informed decision. Frankly it fustrates me to no end that something so good can be used for such bad things.

This site is for people who are in serious debt trouble and need help. I know this post wont make a difference but its a shame that there is so much advertising and disgrunteled employees that alot of people leave here more confused than when they came.

These are the facts about this company. I have never used them but according to mobils post, they look like a pretty good company.

Please remember that not everyone does thier homework when joining a settlment company. I have learned through this forum alot of people think they are the same as consolidation. So one can assume that there are alot of complaints when they are angry that thier bills are in collection or that they are being sued.

know the facts! for the most part if you do your homework correctly you will be able to avoid being scammed.

It angers me that people cant come here for honest truthful information. It makes me honestly sometimes not want to come back,

are related and they rip people off. just change their names and offices to avoid being caught. they told me they woul dsave me 8000 on 23000 i owed and in the end they stole all my money, didnt reperesent me in court wen i got sued by the credit cards and they sold my information to every telemarketing co. out there. BEWARE CNI or whatever theyre name is now. ps. my credit score is now 350. i am screwed for the next 10 years

i just posted and it didnt say the company names. BEWARE JASON D HASS AND CENTURY NEGOTIATIONS INC

i wasnt aware of any settlement company that represented you in court if you get sued unless you go through a attornies office. Did they promise you that they would represent you in the event that you got sued?

The only promise i recieved was that if i recieved a summons i was to call the company i used immediately and they would take quick action immediately to get it settled before the date.

I found them to be professional, responsive, and they got results for me. For each settlement they obtained for me, I got a letter from the debt-holder, informing me that my account with them was settled, and paid in full. So, I would recommend them without reservation.

Understand that any of them for-profit companies are FOR-PROFIT! You will have to pay them fees. But this is true, even for non-profits. The difference is in how much you ultimately pay in total.

Non-Profit debt agencies are about structuring repayment by a schedule that you can afford. With non-profits, you pay the entire amount owed, in full, plus their fees. What they do is get your lenders to accept a slower rate of payments, and to reset the interest rate low, or to zero. But you do end up paying more than your original debt balance, when you add in the fees.

Debt settlement companies are for-profit. They also will charge you fees. However, they negotiate settlement with your creditors for cents on the dollar -- usually around 50% (plus or minus). Once you include their fees, you are still paying less than the original debt amount.

Any reputable debt settlement company will provide you with a contract that outlines all fees, plus their anticipated ability to negotiate down your debt, giving you their best estimate of the total amount you will have to pay. This should be no more than 60% of the original debt, or else move on to a different company. The total amount of fees you pay will be based on total debt, plus how long it will take you to complete the program, (since there is a monthly component to the fee, as well as the initial charge).

As stated above, CNI has had 34 complaints in the past 3 years....how many accounts do you suppose they've managed in that time frame? Probably tens of thousands! So, the number of complaints is extremely small. And, given that their customers are, by definition, highly stressed, I think this slight record of complaints is quite exemplary.

As to Mike S. above, no debt settlement company will go to court with you. They will try to work with the creditor to forstall any legal filings, but they are not attorneys. And btw, why are you surprised that you have a terrible credit score -- wasn't that why you ended up needing debt settlement in the first place? People with 750 scores don't need the services of a company like Century!

Debt settlement companies get your debts settled, so that you can start rebuilding you life, They do not promise to "cure" your credit. If some company does promise to "erase your bad credit," they are a scam.

CNI is a scam they tell you they are gonna help, and to stop making your payments. Then that isn't how it is. I am working with then right now. I'm in more debt now than when I started, and I have 2 lawyers taking me to court because they want their money...my advice try to do the work yourself, call you card holders and see if they will work with you...CNI will charge you and then only call your cards once you have built up enough money to talk...

Did you actually read your contract with them ? Their contracts are very clear as to the debt settlement process. Obviously you didn't read them.

I have been in their program for 4 years and they never had a
took money from my bank account like one person in this subject added in a earlier post.
yes they charge a fee and you could probably do the work yourself if you wanted to but i wanted someone who was used to it to work on mine and i didn't want to have to deal with the collection calls and they take care of it.
i am happy to say in two months i will be debt free of all credit cards and personal loans.

Thank goodness I began to ask questions about the fees for this company!! That's when i could not get a returned phone call. Beware!!! The sweet talking agents that sound so sympathetic could care less about your situation.

this company is no long with BBB they got and F and they are no longer with Centery negotiation.

Greetings,

I find this statement made upstream to be somewhat unbelievable:

"century negotiations has settled over 400 million dollars in debt without any of their clients receiving that 1099"

If this is true...then the IRS will deep fry their collective azzes.

Just my 2 cents worth.

King " Kash" Jabba Labba

Century Negotiations is a rip off