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Debt settlement performanced based

Date: Tue, 02/23/2010 - 15:46

Submitted by anonymous
on Tue, 02/23/2010 - 15:46

Posts: 202330 Credits: [Donate]

Total Replies: 3


Most of the debt settlement companies out there charge roughly 15% of what you owe. Simple enough. the problem with this is that the first three of the payments go to the company and you have yet to save any monies. Over the next 12 months, half of your payment is in trust and half goes to the compnay. Now you are comitted for 15 months and the debt settlement company has been paid and perhaps one or two small deals have been done and you are now in a worse situation than before. Collection agencies or even attorneys are now after you. This is why the government does not like this and is changing the laws to protect the consumer.

There is one company that I know of that charges based on performance. They charge a percentage of what you save. This way, the more they save you the more that they make and do not get you the second best deal. The company has been around since 1989 and can prove it. No other company can say this. They do not twist the truth and state as seen on MSNBC or something else like a lot do. What this means is that the industry was seen not the company itself.

Make the compnay work for you and not themselves. The company does both consumer and commercial debt and also does collections so they know what the banks, agencies and attorneys are going to do since they do it themselved.

Please contact The Fishman Co for more information.


the sword has two sides though.

yes fees charged upfront within an amount of time gives the settlement companies little urge to settle because they have your money already.

the better way to go is with a company that only gets the fee when they actually settle your debt.

now there are companies that do charge a percent of what they save, the more they save the more they get, this however can become a problem when the debt is settled too low and the fee is actually more than the settlement amount, this can create a pissed off client and look very very bad if the creditors find out.

even more to add, with all these companies that are popping up, debt settlement market is getting cheaper with everyone outbidding themselves and most its the bad companies charging all upfront fees going lower on fees to get people in the door

there is also another type of fee which i like myself is charging a flat fee of 10% of whatever the original balance is when the debt is entered into the program and the fee is not charged till the debt is settled, making the fees cheap and also making fair causing urge to want to actually settle the debt.


lrhall41

Submitted by on Tue, 02/23/2010 - 16:30

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you just need to find the right company with low fees, strong urge to help you save the most money, and have the fees paid after they do the settlement.

btw this is rare to find but they do exist, ask the right questions and figure out what benifits you the most and then them.


lrhall41

Submitted by on Tue, 02/23/2010 - 16:49

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