Inquiries
Date: Tue, 09/12/2006 - 04:22
I am the compliance officer at Hess Kennedy Company. We have received many inquiries regarding why creditors have not received "proposals" or "payments".
We have received some calls from clients who refer to their service as a "credit consolidation".
Hess Kennedy Company does not provide credit counseling, credit consolidation, or the like.
Hess Kennedy Company negotiates settlement agreements on behalf of its clients that have defaulted on certain contracts.
These contract negotiations require that the client have the ability to pay a lump sum settlement.
If a client does not have the ability to make a lump sum payment an attorney will not make a settlement offer.
If you believe that you are somehow consolidating your payments into one monthly payment, this is not the case, and you need to contact your counselor immediately.
Hess Kennedy Company relies upon the independent judgement of third party credit counselors who decide whether a client is insolvent.
When our firm receieves a file, we notify all parties adverse to our client that our client will not be performing under the terms of the contract and that our client desires to settle out of court.
When we reach settlement, all parties execute a settlement agreement.
This process is simple, and one that attorneys provide on a regular basis. If you have additional questions, please email me at: info(at)hesskennedylaw.com
We have received some calls from clients who refer to their service as a "credit consolidation".
Hess Kennedy Company does not provide credit counseling, credit consolidation, or the like.
Hess Kennedy Company negotiates settlement agreements on behalf of its clients that have defaulted on certain contracts.
These contract negotiations require that the client have the ability to pay a lump sum settlement.
If a client does not have the ability to make a lump sum payment an attorney will not make a settlement offer.
If you believe that you are somehow consolidating your payments into one monthly payment, this is not the case, and you need to contact your counselor immediately.
Hess Kennedy Company relies upon the independent judgement of third party credit counselors who decide whether a client is insolvent.
When our firm receieves a file, we notify all parties adverse to our client that our client will not be performing under the terms of the contract and that our client desires to settle out of court.
When we reach settlement, all parties execute a settlement agreement.
This process is simple, and one that attorneys provide on a regular basis. If you have additional questions, please email me at: info(at)hesskennedylaw.com
accounts
"These contract negotiations require that the client have the ability to pay a lump sum settlement."
How & when do you obtain this lump sum? We were told that we were making payments toward a total amount. We were told that the first 2 payments were your fee and the rest were going to pay off our debts.
What is insolvent? Does this mean you can't afford to make your minimum payments and might go bankrupt?
