Debt Shield
Date: Wed, 02/04/2009 - 04:32
Thanks
Debt Shield
Initially they really helped me, I owed $80,000 on 10 accounts. They settled the smaller accounts first and paid about 30% on rach one of them. Which was great. However, after the remaining accounts with high balances were over 1 year delinquent, legal proceedings were taken against me by the 3 remaining creditors. Since I did not have enough money in my account to pay the usual 30% of any one of these debts, Debt Shield did not contact them on my behalf. The accounts were tuened over to attorneys and I ended up paying 100% on the 3 remaining accounts.($48,000). If you do not have 30% of any debt in your Debt Shield account they will not even attempt to call to arrange a settlement. AND they do not give you this information until it is too late. If you can keep 30% or more of your outstanding debt in your account they do great. Otherwise, you end up paying in full. Be careful
