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do you think a debt settlement program is a good idea if i am 25,000 in debt and unable to pay my monthy fees? has anyone done debt settlement before and if so can anyone tell me which program is good and not a scam. thank yuo!




I am currently in a debt settlement program, and it is not a scam. The company is doing super work on my behalf. You can also settle on your own, but I had such a mess with a business that closed, and $90,000 in debt, I felt it was worth the fee to have it done properly by professionals. Their advice has been invaluable, and they field a lot of the crap from the collectors. And they are always available. Even if my particular rep is out of the office, I have been able to talk to someone else that is familiar enough with my case to help. And I do end up calling about once a week with questions, to notify them I am sending over a fax of something I've gotten in the mail, or just for moral support. I can't imagine taking care of my mess on my own. But people do it, especially if their debt isn't as high or have as many accounts as I did (nine in the program). Two have been settled, and another one will be taken care of this week. It is allowing me to sleep at night.

Sub: #1 posted on Sat, 08/16/2008 - 21:47

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I think that you will have positive results if you find a reputable company and you check them out through the BBB and maybe talk to some former clients if possible.

Sub: #2 posted on Sat, 08/16/2008 - 21:59

ladybug ladybug

(Posts: 2757 | Credits: 282.45)

Hi there
Would you mind sharing the one company you are using. I signed up with "Solve Debts" in San Francisco. They were BBB accredited when I signed up and they only have 1 complaints. Now, they quitted BBB and I'm wondering why? But they are still TASC though.

Sub: #3 posted on Sun, 08/17/2008 - 15:07

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I would google this company guest and find out all you can about them, and if you find out they are "bad" pull out asap. There are many more out there including this site that can be of service to you.

thank you,
Luke

Sub: #4 posted on Sun, 08/17/2008 - 15:39

Lukeskywalker Lukeskywalker

(Posts: 1909 | Credits: 185.22)

Sub: #5 posted on Sun, 08/17/2008 - 16:01

vista.lee vista.lee

(Posts: 43 | Credits: 17.99)

the report is here on BBB but they quitted recently

http://goldengate.bbb.org/WWWRoot/Report.aspx?site=99& bbb=1116&firm=75 996

Sub: #6 posted on Sun, 08/17/2008 - 16:01

vista.lee vista.lee

(Posts: 43 | Credits: 17.99)

Wow, very good :!:

Sub: #7 posted on Sun, 08/17/2008 - 16:21

Lukeskywalker Lukeskywalker

(Posts: 1909 | Credits: 185.22)

I am working with Superior Debt Services out of Fort Collins, Colorado. They are wonderful. I hope the mods can leave this in, because I have been reading a lot of negative things about James Lombardo, etc., that really seem to bring down the opinion about all of them, but there really are good settlement companies out there and it is good to share those experiences too.

Sub: #8 posted on Sun, 08/17/2008 - 23:20

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do you have credit companies calling your home and work all o fthe time?

Sub: #9 posted on Mon, 08/18/2008 - 06:07

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Creditors have the right to call you and no settlement company can completely stop the calls. However under the fdcpa once the creditors has been told to stop calling you at your job because it can put your employment in jeopardy they must stop or they can get in trouble with the FTC and your Attorney General.

Sub: #10 posted on Mon, 08/18/2008 - 07:14

mobile0311 mobile0311
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