Questions about Debt Settlement
Date: Fri, 02/26/2010 - 20:59
I'm thinking about using a company called Prestiege Financial Solutions to settle my debt. I feel pretty confident in using them but I'm worried about being sued. Do creditors still come after you and try and sue, attack your wages, etc, etc even though you are trying to settle your debt? I keep seeing that they normally don't come after you but I hear from lawyers that they do! Plus is it really that easy to work with creditors to settle my debt on my own. I know it will save me a lot of money but it's nothing I have experience in. And if I decide to try where do I go to learn the rules and regulations on how to do this.:confused:
Hi John, Once a debt settlement company starts negotiating with
Hi John,
Once a debt settlement company starts negotiating with your creditors, you stop receiving harassing calls. The creditors do not generally sue you when the negotiations for a debt settlement is on. After all, the creditors want to get paid as much as possible. So, in most of the cases, they are willing to work with you or the debt settlement company.
You can definitely try and negotiate with your creditors on your own. However, since you don't have any experience in doing such negotiations, it's better to take help from a professional company or an attorney who is experienced in doing settlements.
Good Nelly is right, that chances are less for the creditors to
Good Nelly is right, that chances are less for the creditors to sue you when a debt settlement company is negotiating on your behalf. But it is not completely unusual either. There are instances where the lenders still sued the debtor when their negotiation with the settlement company failed to yield any result. But if your settlement company does their job properly, you must be alright.
Have either of you ever heard of Prestiege Financial Solutions?
Have either of you ever heard of Prestiege Financial Solutions? They have a A- rating with the BBB.
