debt settlement

You'll be notified before any settlement is made and don't forget, the payments that you make in the beginning are typically split between your savings and the company fee; and settlements aren't made until you accumulate X amount of money. So the reason you can get sued is that it may take 6-12 months before you pay off Creditor #1.

This is how my company worked every month i recieved a statement of what was in my account wich showed fees and settlements.

usually when a settlement was made, i would recieve a copy of a letter that the debt was paid on X date with X amount of dollars (and a bunch of legal terms that the debt is gone now.)

the debtors dont get paid till a settlement is reached which may take awhile. usually like jack stated 6-12 months for settlements to start being made.

If you are in a good company they should encourage you to call and find out whats going on with your accounts i would call mine every week or every two weeks to find out what was going on and who they were speaking to this or that week and what was going on. They were always polite even though i must have been a real pain.

Even though i hired a company i made sure to stay involved and always new what was going on.