Using a lawfirm for debt settle? Debt Reduction Law Center
Date: Fri, 08/18/2006 - 14:11
I have talked with debt consolidation Law Center (drlawcenter.com) for 90 minutes. Seem quite knowledgeable and courteous.
Their rate is 10% of the debt plus 15% of the amount of money they save me. Seems higher than normal settlement companies. However they are basically pormising me that all account will be settled as paid in full and not as paid/settled. This is worth the extra amount to me.
What do you think? Also does anyone have any experience with this firm?
Thank you.
It's good if that happens. Get their commitment in writing for s
It's good if that happens. Get their commitment in writing for sure. Read the terms and conditions thoroughly before you sign their contract. It sounds that they might have worked with your companies in the past and knows how to cut the deal. Good for you. Insist them to put the terms and conditions in the contract.
Some advise -- Settlement programs take some time to produce results. The program is planned according to your monthly payments and you send the money to the new account. Your settlement company will negotiate with the creditors for a settled amount. When the proposal is accepted, money will be sent from your account. Make sure that you have put money in the account meant for this program. Be patient; don't panic if the program is not giving you the results as expected. If your settlement company has worked with them in the past, they will surely get the results for you.
debt settlement program is explained here. Read this link and if you have any queries, don't hesitate to post here.
http://www.debtconsolidationcare.com/debt-settlement.html
