Square One Debt Settlement LLC- Need information about this company

square one debt settlement llc is a member of TASC and they have a satisfactory rating with the BBB.

Yes, I know that, however I have been burned very bad in the last year by Credit Soultions, tried to get back on my feet on my own and could not, I put all my trust into Square One after a lot of research, hope they can help, just wondered if anyone had been involved with them and could give me SOME hope.

FYI . Credit Solutions currently has a class action law suite against them by Hagens Berman Sobol Shapiro LLP. Perhaps you can get in on this and try to recoup some of your money.

I was contacted yesterday by a rep from square one debt settlement llc and I wonder if anyone can give me an idea of their experience. He talked a good game and if true would be very beneficial to me. Thanks.

I work for a settlement company myself. Most settlement companies are around the same price. I lost a customer to Square One Debt because he said they could get him a payment of $156 a month for 48 months for $26k of debt. Most settlement companies 48 month plan is $297 a month. This is impossible because that means he only pays back $7488 with that company for thier fees and debt. Impossible. I would be leery

johnx , why is your company offering a 48 month program for only 25k of debt ? The odds of that client getting sued are way to high and besides by the time you actually settle after you account for late fees , penalties and interest the client doesn't even save any money. Unless the client has close to 75K or more in debt a 48 month program is not right for the client. They would be better off filing bankruptcy in most cases unless the client lives in a non-garnishment state like PA , TX , NC or SC , and sometimes FL.

Anytime you have other companies out there that offer the same things, of course you may loose business, but if you are operating business the right way, then you have nothing to worry about. You should worry about why the next company is selling their products at a lower price, you should find means to make your company twice as better. What is the name of the company that you work for?

i would hardly say that settlement companies prices are hardly the same. I have seen a wide range of pricing and some are pretty darn high. and i would have to agree with mobile, 4 years for 25,000 is way way to long and wouldnt pay your clients.

If your looking into debt settlement pay the max you can afford for the shorter term. The key is pay it off as fast as possible to prevent lawsuits and interest and late fees. I hate so say it but you are going to have to suffer a little.

say my situation i paid 400 a month. this went into my savings every month it nearly killed me to make that payment. I knew it would though. But at x mas my property taxes were due and a few unexpected things came up and i called my settlement company and they worked it out for me. But say i would have only paid half?? it may have taken me twice as long and chances are i would have recieved many summons just so i could be comfortable. settlement is suppost to be fast once you are getting to 4 years or more your kinda defeating the porpouse

Did they do what they said they could do and can anyone give a recomendation

Dont do it....they have not done any settlements for me other than take my money

i need someone to help me who to trust wether to do a settlement or a consolidation on 39k

i have 39k in debt and i wanting to know wether i do a settlement or cosolidation

i have 39k that i need to pay needing assisting on one of the best company out there help help

we would need to know more out your situation baluga as to if you were interested in settlement or consolidation, or more info about your situation to help aid you in that decision.

I WORK FOR SQUARE ONE DEBT SETTLEMENT. WE ARE NOT HERE TO TAKE ANYONE MONEY. WE OFFER YOU THE OPPORTUNITY TO CANCEL WITHIN 30 DAYS AND RECEIVE A FULL REFUND. NOW SOME OF THESE CLIENTS BARLEY WANT TO SAVE $100 ON A MONTHLY BASIS, BUT YET EXPECT FOR A MIRACLE TO BE WORKED OUT. YOU GET OUT WHAT YOU PUT IN. SOME CLIENTS HAVE OVER $50000 IN DEBT AND SAY THAT THEY CAN ONLY AFFORD TO SAVE $100 A MONTH. THAT WILL TAKE YOU AN ENTIRE LIFETIME PLUS MORE TO SETTLE. I DON'T KNOW YOUR CIRCUMSTANCE, BUT IF WE WERE HER JUST TO TAKE YOUR MONEY, THEN HOW COULD WE STAY IN BUSINESS. THE MORE PEOPLE WE HELP AND NOT HURT, THE LONGER WE STAY IN BUSINESS. NOW AGAIN, I DON'T KNOW YOUR SITUATION, BUT HOW MUCH DEPT DO YOU HAVE AND HOW MUCH WERE YOU SAVING ON A MONTHLY BASIS. ALSO THE CONSUMER FAILS TO REALIZE THAT THEIR CREDTIORS CAN CONTINUE TO CALL THEM. THIS IS OUTLINED IN YOUR TERMS AND AGREEMENT, BUT YOU PROBABLY DIDN'T BOTHER TO READ IT LIKE ALOT OF CONSUMER DO. JUST BECAUSE THE PROGRAM DIDN'T WORK FOR YOU, DOES NOT MEAN THAT IT WON'T WORK FOR THE NEXT PERSON AND BY YOU BAD MOUTHING THE COMPANY WON'T CHANGE ANYTHING. THE REPUTATION AND HARD WORK WILL SPEAK FOR ITSELF.

for all the requests for information on companies we are not allowed to do that its called solicitation. No one here should be advising you to use any company only to give facts. Its sad that we cant share a good company with you, but that would open the doors to employees that work for these companies to come in and flood the forum with "so called sucess stories" it happens all the time now with the rules in place. this would be a walking advertisement if we were allowed to do this so its a good rule. so do some searches on a few companies and start to narrow it down.

Now if your not sure wich is best for your situation consolidation or settlement consider this.

consolidation is best if you can swing the payments for a long period of time. its better for your credit, and reduces % and fees. but it will be a long time so be sure you can commit to the payment.

If you cant do that settlement is next in line as best. this is were you are becomming late and will not be able to make the payments soon and know you cannot commit to a payment for a long period of time ie, job loss, illness, etc. you need to get rid of the debt and fast.

Hope this helps you should research both programs more, these are just the highlights so that you can make the best possible decision when it comes to your finances

How and why when using one of these companies can you still get sued? They are suppose to representing you and settling your debt.

Most settlement companies are not attorneys and cannot represent you. Yes indeed they are acting upon you for you, but this is the facts about settlement.

You stop paying and start saving.
Now if you choose a good settlement company after about 3-4 months of saving they will discuss settlements with these creditors and negotiate. Sometimes the creditors get tired of waiting. The shorter the term of your settlement process the less likely of getting sued. but you still can get sued your not paying. Most companies just settle easy because they want thier money without dealing with court or the chance you file bk and they get nothing(7) or get very very little every month(13). but some go hard its the chance you take with settlement

Ok im haveing a hard time accepting that the worker's there use a hotmail or so on email address. Can i ask why they have no business address for email? If you can hael with this Capricorn thanks.

You say in your response dated 3,23,09 that creditors can continue to call. I just spoke to a rep from Square One and he claims that w I will be signing a power of atty. and that the creditors will then be able to contact Sq.1 Who should I believe?

I chose square one after doing a lot of research. So far so good. They were the only ones I found with a decent BBB rating.

You worked for a DEBT settlement but don't even know how to spell it? Don't make the mistake of posting a blog unless you know how to spell or use spell check. As for square one....pretty much anyone can achieve the same result or get help for FREE. I think its a scam. They told my mom that B of A would settle for 2000 on a 22000 dollar debt! That's such BS.

This Company has lied to me.They explained to me one thing till I signed the contract and now 4 mo later I discovered the whole intire thing,I lost almost $2000 and I can't gett it back.I am the only one that works in my familly, I have to support 6 of us.They told me in 3 years i will be debt free, and they're fee is only the first 3 mo payment on 529 and after that I have to pay 198 a month for 3 years. Now they told me all the money for 3 years is they're fee, They wants you to save money and pay the creditors.So they gett paid 4000 for 3 years from you for what?Don't gett involved with them.

this is the answer about the calls, listen i signed power of attorney to my settlement company that i used. it does not stop the calls completely. if they tell you they will they are lying. it will slow them down but not stop the calls. the power of attorney that you sign gives them the permission to talk to the settlment co about your account. it does not mean that they are the only ones they can contact. it is your account and if they wish they will still call you if they wish to scare you or dont like what the settlement co offers them. the creditors are usually good about working with the settlement company but there will be a few that will still call and try to shake things up.

I knew upfront that they could still call. i was given a card to put by my phone what i should say if they called and hang up. they shouldnt lie to you about this fact.

Why can't Squareone and other debt companies let you know up front how much there fees are? After making a budget sheet for my payments of 725.00 monthly for 48 months on 55,000.00 debts, they could not tell me what fees were theres. They did tell me that the first 3 months would be there fee to get things started. I told them that the 725 monthly was just to much money for me to pay each month and I can't go over $600. After a week went by, I was told that one of my creditors had taken the charge that I owned them (10,000) and taken it off there records. So, now they said that I will pay them 568.00 monthly. Now I keep getting different calls from different employees, which is like having the bill collection agency calling all the time. So I don't know who these other people are and if this is a good idea. Square one is listed with BBB as not rated because they haven't been in business that long. This company is fairly new and it takes years for them to be rated as good or bad.

I have been with square one for 3 months. They have taken $3000 from me. I want to settle on an account and because it is not in collections they (square one) don't call me back, I get pushed from one person to the next. They are the worst. A negotiator there said at first that she dealt with bank of america. That is a lie. Bank of America does not deal with settlement companies. The response I have gotten from square one is that the people at bank of america have bad attitudes. So WHAT? If I had known that when I signed up I would not have signed up with square one. I realize in hindsight that these people are crooks. Don't get fooled by all of square one's credentials, I visualize them in a sweat room working from phone to phone.
The guy who signed me up, Henry was a nice enough guy. But HE is NOT with Square One.

I have been in debt settlement with square one for about 15 months now. I have settled 3 accounts already and have many more to go. If you went into the program with square one, you saw exactly where every penny in the program goes. At first you do pay some fee's, and then you start saving money for the settlements. Thats the way debt settlement programs work. BOA probobly wasnt lying when they told you they didnt work with debt settlement companies, because directly, they dont. BOA, as every other creditor out there, sells the account to collections when you dont pay. Then square one, or whoever you are dealing with, goes in and settles the account once the funds are built up. In direct response to the post above this, call the debt analyst that signed you up. I've called my rep at least a dozen times and have ALWAYS recieved a call back the very same day, if not the same hour. I have had difficulty getting through to customer service before, which is why I called my rep in the first place. How easy is it to get through to capital one's customer service? Its not. customer service is customer service. When I need answers I get them, simple as that. I dont know Henry, but if he signed you up, what do you mean he's not with square one?

Bottom line, debt settlement, at least in my experience with square one, does work. You need to go back and speak to your rep and or read your contract. They do exactly what they say and after settling 3 accounts already and working towards the rest I am very pleased with my results.

I used square one and signed up a little over a year ago in april of 08. I have settled out only one account so far, but I only had 2 accounts. The representative that signed me up explained the way it would work. I was upset with the collection calls at first, but then they went away. I dont know if square one made them stop or if they just went away, but my rep told me they would stop after 3-5 months, and it was somewhere around 4. everything has went the way they said it would so far, and i am happy with this.

i sayt the same as above, call your representative that signed you up and speak to them if you dont get through to customer service. if you believe everything the credit card companies tell you then why did you go into debt settlement in the first place? probobly the same resson i did, there was NO OTHER WAY OUT. the credit card companies are the real crooks and i could have never gotten out of this debt on my own. of course you can be sued, your neighbor or anyone can sue you or anyone else. but it hasnt happened to me or my neighbor who i also referred to square one.

however you visualize henry or anyone else working in some sweat room, the fact remains the same. YOU got into debt that YOU could not get out of on your own, so YOU paid a company that could help you with it. I did the same thing, and its working. give it some time, i cant speak for the rest of the companies out there, but square ones program does work.

It's too bad that people don't know how to write or spell these days. I just canceled my services with Square One today. I was in a hopeless situation that I take full responsibility for. I looked to them for help, and YES I read the fine print. All they did was collect money from me and I ended up making ALL of the settlements on my own. I could have saved a good chunk of money if I had just called all of my credit card companies from the start and told them about my situation. I would NOT RECOMMEND Square One or any other debt settlement company to anyone. Talk to a Credit Counselor who you do not have to pay, but is simply there to ACTUALLY help you get out of debt responsibly.

And I signed up a close family friend with them, so I get to see both sides. Let me address all the points here. Debt Settlement companies cannot stop original creditors from calling, but they can stop the 3rd party collection agencies from calling. So, once your accounts have been sold to collections they will stop. If your accounts are large, it can take a year or more to save up enough to negotiate them. So, yes, it is possible that they won't be able to do anything for you right away. As for Bank of America, they are negotiating with us directly, without it having to go to collections right now. My friend tried to negotiate with them herself, was very persistent, but they gave her the run around. They are consistently giving us better than average settlements.

Our sign up procedures clearly go over our fee and where every penny goes. The contract also contains a page with the same spreadsheet. We have the best BBB rating that I have found so far, and we are accredited members of TASC.

As I am on this forum, our competitors are, too, so read between the lines. This forum does not require people to register, so anyone can say what they want anonymously.

I wouldn't bother working with a company whose representative can't even write a message without glaring grammar and spelling errors!!!!!

Bank of America does not deal with Square One. They even sent me a letter stating that. LIE

I am a creditor, and for those of you who are planning on using Square One, be aware they put us on HOLD for an extremely long time, and while you think that may be a good thing ... I'd rather sue you than wait. I've started litigation against all my debtors who use Square One. It works out for us though, we still get paid, .. 25% of your paycheck (depending on the state), which generally is A TON more than you were offering in the first place.

Sorry, I posted the last one too ... FOR THOSE OF YOU WHO FEEL YOU NEED A DEBT CONSOLIDATION AGENCY TO HELP YOU ... YOU ARE WRONG. THEY WILL NOT GET ANY FARTHER WITH ME THAN YOU WOULD. YOU COULD SAVE YOURSELF SOME MONEY AND DO IT YOURSELF. I WILL GIVE YOU THE SAME TERM AND CONDITIONS I WILL GIVE A CCCS COMPANY. JUST BE AWARE, YOU ARE PAYING SOMEONE FOR SOMETHING YOU COULD BE DOING ON YOUR OWN FOR FREE.

they took my money for over six months and never settled anything now im being garnished and harassed by creditors that square one said they would stop. im in the process of taking these theifs to court to get my money back!

Good Square One is a terrible company. You should get with the other people on this forum and sue them =)

I am considering signing up with Credit and Debt Management of America. They have one in Dallas where I live. Do any of you know anything about this company. I noticed they have an F rating with the BBB, but it seems like all of them do.

Square One is a scam....I worked there also. They provide services the consumer can do on their own and save the 15% charge based on their debt.

They primarily feed off the elderly and others that are better off filing bankruptcy.

If you read the positive comments made about SQ1 you will notice a pattern of the same phrases. These were written by the owner David Prince and his overly skinny wife.

1) BBB are not unbiased. The BBB in Florida is owned by a man who, owns Consumer Credit Consolidation in Florida. SQ1 keeps their rating by threatening to expose him each complaint they get.

2) The owner David Prince maybe a coke head but he IS a disbarred attorney.

3) SQ1 will refund every cent you have paid them if you file an attorney general complaint and fax a copy.

Seriously save your money. Call the bank yourself. They will work with you.

what does cash in debtcc points means

Square One Debt Settlment let me get sued by 5 of the companies I owed money to. I faxed them all of my paperwork, they told me for months and months that they were working on my debt but they didn't do a single thing for a year!

They are the most crooked company out there... stay away! Don't end up like me!

If you want to lose your money...deal with incompetent people and get sued join square one...
Afterwards you can call the owners brother adam his largest crony 561-866-5546 or just call david "coke head" "disbarred attorney" prince on his iphone 305-332-5634 or 305-332-7818

I need to do this too! What crooks; can't believe i was so gullible!



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I am a CREDITOR that presently attempts to work with Square One, .. and I am always on HOLD for extended periods of time trying to talk to Jose and Omar .. both of which put me on hold or never called me back. Again, I have sued my customers that are working with square one because it's not my job to wait. And Jose and Omar think it is my job to wait. So I have sued my customers. Thank you Square One for giving me no other choice since you couldn't return a simple call ;) This isn't disgruntle employees talking this is people who know what the company is really about.

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You people sound like a bunch of idiots on here... I have a better idea...don't be so stupid to rack up tens of thousands of dollars in credit card debt. If you weren't so stupid in the first place you wouldn't have to worry about how you are going to pay back your massive amount of debt. If you are reading this then you either work for a settlement company or you are screwed with debt...so both parties keep this in mind. I work in finance and have a grip on what debt settlement is all about. Settlement is something that does work, but it is not for everyone. It is not a way to save a quick buck. The only people who should involve themselves with a settlement company should be those who understand they will not be able to continue to make payments. If you have a default interest rate (20% or higher), and you are struggling to make minimum payments you obviously have no chance in paying this debt in full....these are the people who may need to consider an alternate avenue to pay their debt. On the other hand, these companies should not be allowing anyone and everyone into their programs. They need to distinguish who this model is going to benefit, and who it is going to hurt. People who can afford to make more than their minimum payments shouldn't even consider getting involved in something like this, but unfortunatly American greed gets in the way of these people making an educated decision. No matter what route you choose, it's going to take time and effort, and for those of you who are not willing to understand that should just go open up another credit card or something because you are an idiot.

Please do not even consider using this company. We never signed a contract with this company to consolidate our debts and they started withdrawing funds from our checking account based on the preliminary information they received from us. We were told by their agents that no funds would be withdrawn from our account until we had signed the contract and returned it to them. The agent also told us that by using their company that it would not hurt our credit but improve it. We told them that we wanted to think about it before signing a contract. We then pull our credit report from the three reporting agencies in order to make a more informed decision. We have a credit score of over 720 and therefore decided we did not want to pursue a debt consolidation. Without our knowledge, Square One had already started taking funds from our checking account. When we contacted them, they said we had given them permission to withdraw the funds. We told them no they did not have our permission to "withdraw funds" for a service that we had not not contracted with them, and for services not provided.

When we asked for a refund in full ($1,472) we were told that it was not possible and we haven't heard from them since. That was October 21, 2009. We have filed a complaint with the Better Business Bureau and are still trying to re-coop our monies.
Their rating with the BBB is an "F".... and our bank told us that is the worst rating and we may not be able to get our money back.

I can not convey to you how dishonest this company is. You should try to find a non-profit organization that can help you or contact the Better Business Bureau for a company that is creditable.

GBM

Bull Shit Scam. That's all I have to say.