Prestige Financial Solutions
Date: Sat, 02/20/2010 - 22:40
John Black
I do debt settlement! 90-95% of debt settlement companies are o
I do debt settlement!
90-95% of debt settlement companies are out there to rip you off, this being said i have no clue about the program you are asking about.
you need to look into though: do they charge the fees upfront: this being said DO THEY CHARGE THE FEE WITHIN A CERTAIN TIME WETHER OR NOT YOU SETTLE usually within the first 12-24 months. Fee plans like this give the company no reason to get you the best settlements because they get your anyways in the begining. these companies also claim that it isnt an upfront fee because its payed off in time, this is a load of crap! they get your money with out doing anything regardless.
Read the forum and do it yourself and save yourself the money.
Read the forum and do it yourself and save yourself the money. It is not rocket science if you do a little research.
Quote:Originally Posted by SOAPLADYRead the forum and do it your
Quote:
Originally Posted by SOAPLADY Read the forum and do it yourself and save yourself the money. It is not rocket science if you do a little research. |
im starting to think the moderators dont know as much as people think at this site.
2-5% of people are actually good at settling their own debt at a low percent. most people have no clue on what to expect and end up NOT saving alot of money because they dont know. or even worse settling the wrong cards first and hurting the others later.
you moderators come off very rude and smart ass sometimes sounding very unprofessional, if you look up Debt Consolidation Care scam? its a thread here at this site, you will see a gathering of Mods being very childish and unprofessional.
lets not forget this is a website for Debt Consolidation, the program that has a 90% failure rate that pays off debt (if they actually do anything) in full PLUS FEES. maybe you should tell people to consolidate on their own to save alot of money ? am i making sense yet ?
im starting to rethink me coming here and offering help.
Actually this is where you show YOUR ignorance. I worked for ma
Actually this is where you show YOUR ignorance. I worked for many years in a CA. Hundreds of accounts were settled on a daily basis without the aid of a overcharging third party but debtors all by themselves. People who used attorneys and third parties got lower settlements....most of the collectors gave credit who had the balls to call in and do it themselves. Those whose attorneys called in...that tells the collector you are either too stupid or have more to burn. So I dont know where the heck you get the 2-5% number. At my 3rd party agency, the creditor set the bottom line that our credit card division could go. It was up to the collector to squeeze as much out as possible as that is what they would commision on. However, they did on a regular basis take the minimum settlement or on larger balances get authorization from the client for a lower settlement.....particularly in cases of hardship. Each case was based on its own merit.
None of the moderators are employed by this website...we are all volunteers with experience under our belts from different walks of life. I personally do not believe in debt consolidation other than with a registered Consumer Councelling Organization....a non profit
I've been in the debt settlement and credit counseling business
I've been in the debt settlement and credit counseling business since 1989. I had one of the first National DS companies in the United States. I believe that all options are available to a consumer and I don't favor one over the other - it depends on what the client wants to achieve and what their individual circumstances are. What I find that is lacking in these industries is "full disclosure" to a customer and failing to set the correct expectations. Sorry soaplady - while I usually agree with you, I don't believe that a non-for profit over a for-profit is any better for a person. I also agree that anyone can settle their debts but very few can settle their debts well. It's easier for us as we have been doing it for years but for the average person, it's very intimidating and often they don't have a clue. Look at all the posts that people leave "It's going to charge off" what do I do? The 'charge-off' is actually putting the creditor under the gun, not the consumer....people just need the right tools and this site helps out tremendously...in my opinion....
I've heard of them.. actually signed up with them but then came
I've heard of them.. actually signed up with them but then came to this site.. decided I could do it myself w/out paying fees for someone else to do it.. that was almost 9 months ago.. I have settled my biggest acct of $41K for only $13K and currently have a 0 interest deal on my other acct - and as long as I pay it for the 12 months, they will renew it again for another 12.. gives me 24 months interest free to pay that card down (it was much smaller than the big card).... It was much easier to do myself than I thought.. do your research and you can be successful.
Did you talk to the creditors directly and where do I go for inf
Did you talk to the creditors directly and where do I go for information on how to do this?