The skinny on debt settlement companies.

Date: Fri, 09/22/2006 - 11:29

Submitted by anonymous
on Fri, 09/22/2006 - 11:29

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Total Replies: 2

I read on another forum how debt settlement companies could not work. There was just no way that they could work. They talk about how after they stop taking your fees, the stop working for you and leave you all alone after taking their portion of your monthly payment for 18 months.

Has anyone out there been in a debt settlement company for longer than a year and could anyone share their experience?

I trust my company, but then I read all this other information that scared me and gets me to thinking about all sorts of stuff.

Please advise....

WHOOPS...sorrry.

lrhall41

Submitted by on Fri, 09/22/2006 - 11:30

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I can understand what you are going through. Keep your faith on

I can understand what you are going through. Keep your faith on the settlement company as long as they are giving you the results of their negotiations done with the credit companies. It takes times for the final proposal to get accepted with the credit companies but they will always inform you about the steps taken and give you positive assurances. Finally, it's up to the credit company how they want to react to your proposals because you defaulted with them earlier. But at the same time, they know that you are making efforts to pay them their money. So, it should not be a problem and they might desist from taking severe actions against you. How many accounts have you put in settlement program? Did one of your accounts get settled by now?

lrhall41

Submitted by PassionHunting on Fri, 09/22/2006 - 12:15

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