debt settlement

It sounds too good to be true! What is the name of this company?

I would thoroughly investigate that company before I started sending them money to settle debts for me. You can easily do for yourself for free what he will do for a price other than whatever it cost you to settle each one of your outstanding debts. I would also recomend you try the counselors here to see how they respond before accepting a company.

That smells fishy . What was the name of the company ?

there are alot of scams out there,will he give something in writing before any monies change hands.

I wouldn't waste my time with this company. Promising to settle all debts in 12 months is far-fetched enough (do you only have one $50k debt? or multiple debts totalling $50k?), but the 20% cost projection takes it further over the top (is that just the fees, the settlement projections or both?).

what is the best company to settle debts. I would like to do it myself but not sure of the right way. Does anyone use the Dave Ramsey method with any success. Thanks

Dave Ramsey program uses the snow ball method and is great if you are not overextended and if your aprs are not too ridiculously high . The way it works if you pay off the smallest card and then apply the money you were paying on that small card and apply it to the next largest card until its paid off and so on and so forth.


If you are overextended than debt settlement will likely be your best option. Here are the names of a few reputable companys that do good work , are members of TASC or USOBA , have excellent reputation on the BBB.
Century Negotiations , New Beginnings Debt Settlement LLC and Superior debt relief.
Those are just a hand full of good ones to point you in the right direction. There are other good ones out there. When shopping around make sure you check that company out with the BBB to make sure they have a good track record. Also that settlement company needs to be a member of either TASC or USOBA. I hope this helps answer some of your questions.

PS, remember this site offers free counseling
800-601-1579 :D

What about Consolidated credit counseling Services. They have a Awesome reputation as well with the BBB. :P I used them in the past and they were very helpful. They are a dmp program,not a settlement company.

If you can afford a debt management Plan or a dmp you should do it before settlement. It will get you one monthly payment with much lower interest rates and you will be out of debt in around 4-7 years. But the monthly payment will be close to what you were paying before so if you were overextended it won't help. Settlement is a hardship program for people don't qualify or can`t afford a debt management plan , can't continue paying minimum payments and don't want to file bankruptcy.

Both programs Debt Management and debt settlement are good options. One is not better than the other. It just depends on your situation.

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:P