Erase Debt through Contract Law?

Date: Mon, 03/23/2009 - 15:13

Submitted by anonymous
on Mon, 03/23/2009 - 15:13

Posts: 202330 Credits: [Donate]

Total Replies: 3

Has anyone ever heard of a company that gets rid of your debt by assigning the debt over to them and then they change the terms on the Contract by indicating it on payments sent to the creditors (they say you have the right to do that) . Most creditors ignor it and that set them up to contest the debt...it a little long to explain here but I will include the phone number for a pre-recorded messege that you can call and listen to it.....very interesting or is it just another scam? phone # removed per TOS rules----mobile

Let me know what you think....is this possible?

Thanks

Russell

I have heard of this form of debt termination although I haven't

I have heard of this form of debt termination although I haven't done a ton of research on the subject, yet. Personally I feel this is potentially a scam. In my experience in the debt relief industry I have found that if it sounds to good to be true it probably is. I would stay away.

lrhall41

Submitted by mobile0311 on Mon, 03/23/2009 - 15:31

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Thats for the quick reply...I'm sorry about the phone number. It

Thats for the quick reply...I'm sorry about the phone number. It was alot to explain so I thought I would let you hear for yourself.
They charge a fee for this service similar to settlement but they state in 8-10 months they offset the debt and then challange the validity of the balance and collection practices based on thier repeated attempts to collect on a wrong balance and also challange thae fact that they report to the credit agencies after they amend the terms to say that they will not report...

lrhall41

Submitted by on Mon, 03/23/2009 - 16:02

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i have heard of sucess with this, but i dont see that staying th

i have heard of sucess with this, but i dont see that staying that way for too long. first of all the collectors will be looking for it the more time goes on and the sucess it starts to have. there have been many posts about this type of debt illimination program and frankly it would scare me to use this. Its scammy, and i personally believe its tricky and it will catch up with the collectors soon. I just wouldnt want to be using the program when they do.

lrhall41

Submitted by love_my_things on Tue, 03/24/2009 - 07:25

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