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Superior Debt Relief (Superior Debt Services)

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I wanted to know if anyone has used this company to consolidate debts? I'm doing some research into consolidation of my debts. If I were going to do consolidate I want to make sure I going through a good standing company.




Superior debt relief doesn't offer any consolidation program. They only do debt settlements. Please make sure that you know about the program before signing with the company. debt consolidation is entirely different from debt settlement.

Sub: #1 posted on Tue, 07/17/2007 - 14:04

onelamb onelamb

(Posts: 433 | Credits: )

That's what I thought too. I recevied this email from a Mark Goodman with Superior Debit subject line "How Consolidation WORKS" and then he mention futher that this was a debt settlement program. He also speaks about other "debt consolidation companies"

(LONG) I just going to post the e-mail)
Quote:
***You are receiving this because of the form you recently filled out requesting to be contacted by us for more information about becoming debt free.

My name is Mark Goodman with Superior debt relief, and I will be assisting you with consolidating your debts (making one payment at a lower monthly amount than what you may currently be paying) through debt settlement (negoitating your debts with your creditors down to less than half of what is currently owed). Below is information about the company, how the program works and some frequently asked questions. Please contact me with any questions you do not see in this email, or if you would like to take the next step towards consolidating your debt.

Company Name: Superior Debt Relief (aka Superior Debt Services Inc.)

Business Type: Debt Consolidation / Debt Settlement

Company Headquarters: Fort Collins, CO
Phone number: 1-888-366-3414 extension 309

Opened: January 1998

Member of the BBB?: Yes, with an EXCELLENT RANKING. Want to check for yourself? Go to bbb.org, click on "Business" in the upper left-hand corner, type in "Superior Debt Services" as the Company Name and select "Colorado" under State/Province, then click on Superior Debt Services Inc. for the BBB Reliability Report.

HOW OUR DEBT SETTLEMENT PROGRAM WORKS:

We contact your creditors to settle on your unsecured debts down to 30-50 cents on the dollar, sometimes less. Based on your debt amount, I will present you with programs based on your current financial ability. That predetermined monthly amount is drafted from your checking or savings account on the date of your choice. The money builds in your own FDIC insured Special Purpose Account (a bank account which is opened for you similar to a trust or escrow account) and is used for the settling of your debt according to your program.

PROGRAM EXAMPLE:

Debt Amount: $10,000

Estimated savings: $4,500.00-$5,500.00

Program Options:

18 month program - 310.00 / month
24 month program - 235.00 / month
30 month program - 195.00 / month

For example, a person with $10,000 of debt in a 24 month program would have $235.00 drafted from their checking or savings account. The $235.00 is drafted on the same day every month until the end of the program. The amount never changes, unless the person contributes more to the program, or needs to skip a month for whatever reason. There is no penalty for either case, or for finishing the program early.

The $235.00 builds up in the Special Purpose Account every month and is used to negotiate the debt with the creditors. Superior then contacts the creditor and explains the hardship the client is having (sickness, loss of a job or loved one, divorce, too much debt to handle based on income, etc.). Once the creditor understands your hardship, we negotiate with the creditor until a settlement amount has been reached.

NEGOTIATION EXAMPLE:

Total Debt Owed: $1,000.00

Negotiated Amount to Settle Debt: $300.00

The $300.00 to settle the debt is deducted from the Special Purpose Account and paid to the creditor. Superior receives this agreement in writing from the creditor and the client is notified of the settlement. This process, combined with other negotiation techniques, is used to relieve the entire debt in the allotted time of the program or sooner, usually within 18 to 30 months.

At the end of the program Superior pays for an outside company that specializes in credit restoration to complete three cycles of restoration at our expense (this helps clean up your credit report). Combining the credit restoration with Superior settling your debts, your debt to income ratio, Credit Score and Credit Report will be more attractive for your future creditors that it may look to them now.

To start the process of consolidating your debt, gather together the information listed below (same info asked for on the attached Assigned Creditor List) and contact me to start exploring your program options:

Creditor Name (Discover, Citicard, etc.) *All credit card accounts entering the program will be closed.
Account Number *Can be filled in later
Current Balance Owed
Minimum Monthly Payment
If a debt is past due, let me know how past due.

DEBT SETTLEMENT QUESTIONS ANSWERED:

During my time assisting others, I have heard some pretty common questions you may also share. I'd like to take some time and answer them for you now:

How do I know you can really help me? How can I find out if you and Superior Debt Relief is legitimate?

I am a Certified Debt Arbitrator and I've been trained to understand your debt situation, evaluate your options and let you know what can be done to help you. Besides, I had my own issues with debt so I understand the personal fear, embarrassment and pain debt can bring. If I can help you, I will. When you contact me, I will do everything I can to make sure you understand and are approved for this program, when you are ready to join.

I've attached a document to this email entitled "Superior Debt Relief Info". In there you will find links to make sure I am a Certified Debt Arbitrator in excellent standing along with links to the Better Business Bureau concerning Superior Debt Relief. Regardless which program or company you finally decide on, I highly recommend checking them out with the BBB and look for these three things:

1. The company has been in business for at least 5 years. Why would you join a program with a company that hasn't been open as long as your program?

2. The company is a member of the BBB and has to follow their guidelines about business ethics and morals, along with resolving any and all complaints.

3. The company has a satisfactory ranking with the BBB. Many companies have hundreds of complaints against them. Make sure you do your homework!

I heard I could join a debt settlement program (or any kind of debt program) and it won't hurt my credit score. Is that true?

It depends on your situation. If you are already late on your debts, then no, this program would not hurt your credit score. Your score is already dropping because you are already late on your debts. In the event you have a low credit score and are looking to boost it by lowering your debt, this program works for you too. If you are still current on your debts, then you may see a temporary dip of your score while you are in the program. At the end of the program, once the debts have been settled and the credit restoration program we pay for has been completed, you will be in a lot better shape financially and creditwise then you were at the beginning of the program.

I thought you pay off my debt and then I pay you back. How come you don't do that?

So many people are looking for this kind of program, but it just simply does not exist. There is no company or program that will pay off your debt first. If there was a company like that out there in America, it is either a rip-off, a loan with a high interest rate, or a bad joke.

I talked with my creditors and they said they don't settle. What about that?

Almost all creditors in America negotiate debt because they would rather receive some funds than risk receiving nothing at all. Keep in mind, we are negotiating with decision makers, not call center operators.

I was talking with another debt consolidation company and they said they could stop all of my creditor calls. Is that true?

Any consolidation company that tells you they can stop creditor calls is misleading you. Please be aware of this: A creditor does have the right to contact you about your debt. But YOU DO HAVE RIGHTS TOO!! Once you are in our debt consolidation program, we do send you a Welcome Packet complete with information about your rights. We also include our address and phone number to change your contact info with your creditors. As a result, we will receive many of those letters and phone calls creditors make due to past due debt. After nearly 10 years in business, we know how to handle those calls and letters from the creditors. Even though they can call, they cannot harass you. If you are receiving calls already, when we talk I will let you know the best ways to handle those creditors.

I encourage you to contact me or watch for a "702" area code in your Caller ID. I will call you to make sure you did receive this email and discuss the debt consolidation process concerning your personal situation. I look forward to answering any questions you may have about the program or about your debt situation. I am in my office from 9:00am to 7:00pm PST during the week, or leave me a voice message or send me an email, I will respond as soon as possible and get to work on restoring the peace of mind you had before your debts reached the stress level they are at for you today.

Respectfully,

Mark Goodman, CDA
Certified Debt Arbitrator
Superior Debt Services, Inc.
Toll Free: 1-888-366-3414 ext. 309
Toll Free Fax: 1-888-366-3494
Website: superiordebtrelief.com
Videosite: superiordebtservices.blogspot.com
AIM Screen Name: sdsmarkgoodman
Better Business Bureau Website:ht tp://data.fortcollins.bbb.org/commonreport.html?bid=46004191

Sub: #2 posted on Tue, 07/17/2007 - 14:32

dylan0505 dylan0505

(Posts: 21 | Credits: )

MAKE SURE YOU WANT TO JOIN THE PROGRAM AND STICK WITH IT BECAUSE THEY USE THE EARLIEST FEES THEY TAKE FROM TO YOU PAY THEIR "PERCENTAGE" OF YOUR DEBT, LEAVING YOU WITH LITTLE LEFT FOR THEM TO NEGOTIATE WITH THE CREDITORS! AND WHEN YOU LEAVE THE PROGRAM BECAUSE NOBODY HAS SETTLED WITH THEM, YOU'RE OUT ALL THE UP-FRONT FEES THAT YOU PAID TO THEM. THEY ARE DOING WHAT THEY PROMISE, BUT BECAUSE OF THE UPSIDE DOWN AND UNEVEN WAY THAT YOU PAY FOR THEIR SERVICES, IF YOU LEAVE THE PROGRAM, THEY WILL HAVE MADE A GREAT DEAL OF MONEY OFF OF YOU FOR LITTLE TO NO WORK.
My husband and I paid them for almost a year, almost $4000, to have one debt negotiated for less then $1700. We couldn't afford their payments, with the payments on the cards that we didn't enter into contract with them about, and are declaring bankrupcty anyway. All the company really did was drag us along for a while, promising to stop the collection's calls and letters and that we were building money towards the debt. Now we're out the money, and had to quit the program anyway. Really, we should have just contacted a lawyer then and been done with it, but we believed we'd found a solution that was going to "save" us. It didn't. Now we feel like fools whenever we talk about it. And, by the way, their BBB record isn't clean anymore. Actually research the full company, not just their link. We aren't the only ones feeling the burn.

Sub: #3 posted on Tue, 08/19/2008 - 22:11

Unregistered


Just want to give my input here...I'm a Superior Debt customer and committed to the program.

Having done much research especially in the last few days...it would appear they are a consolidaiton program for sorts because you have 1 payment based on all the creditors. they are not a traditional consolidation program that most think of that is operated by the creditors; but this is no longer the days of tradition as everything is breaking new ground.

As for my experience with superior it has been positive. I did not have the pleasure with working with Mark but I have worked with Teresa and she is wonderful. I have been in the program for 2 years now and have 1 more creditor to settle with. It is concerning that you have left out debt when the goal is to take care of the debt. Juggling multiple playments would not have served me well at all. That why i left only 2 small ones out ofthe program so it did not put a strain on me. Could it be that you may have been delaying bankruptcy to begin with.

As for the BBB rating, hmm I have never weighed much on that report because my dad has a business and to be a member with that organization is simply to pay the dues and your in. These complaints are some times warranted and sometimes not. I come from the 'old school' where not everyone is going to be pleased, some would rather just complain about the company rather than look at themselves and accept some responsibility.

I am a huge fan of superior debt and do not have any unkind words for what they have done and given me back. having my angel Teresa certainly helped.

email removed for your protection - Goudah

Sub: #4 posted on Wed, 08/20/2008 - 05:46

Unregistered


I thank J Levi for his comment I have been reading entries re: Superior all morning trying to make a decision. I have seen one bad entry -vs- 20+ positive ones. That does confirm that everyone will not be pleased and more than likely will not accept some responsibility for their actions. They much rather blame others and expect for others to do all the work. - Thanks JLevi

Sub: #5 posted on Fri, 08/29/2008 - 06:03

Unregistered


I am with Superior also, and have been very pleased. I started out with nine credit cards in the program, with a total of $90,000 in debt, and after only seven months, three are already settled. They are always available when I call, for advice or information. Couldn't be happier with their service.

Sub: #6 posted on Fri, 08/29/2008 - 06:50

Unregistered


Plants....LOL. Superior Debt Services is a SCAM!!!!!!!!!!!!!!!

Sub: #7 posted on Sat, 09/06/2008 - 13:22

Unregistered


No Tom, it is not a scam, and we are not plants. Just check out the Better Business Bureau and you can see for yourself that Superior has an outstanding rating. I spent a lot of time scanning this site before I started, and found literally HUNDREDS of positive comments about Superior. A few negs also, as with any company, but those are generally resolved to the customer's satisfaction (that info also available on the BBB site). Anyone willing to do the research can find the truth easily enough and can prove Tom321 wrong.

Sub: #8 posted on Sat, 09/06/2008 - 14:34

Unregistered


By all means prove me wrong. And why are you referring to yourself
as WE when a BobbieJo never posted here and I never said anything about a BobbieJo specifically. What makes you think I'm talking to you? Kind of gave yourself away genius. Language is what I do....LOL. Second I did looked them up and it's the same crap as HESS KENNEDY. Has anyone learned anything from the HK fiasco????

First rule....if A debt settlement company charges upfront fees.....It's A SCAM.

Second I'll expose how it's very easy to to see it is a scam.
1. They are all set up the same. Now they have testimonials.
2. Testimonials are bogus.
3. They use the same names and word for word testimonials.

I crossed referenced the testimonials and all these bogus sites and they share the same testimonials word for word. Copy the testimonials and paste them is a google search and you will see it shows up on another phony debt settlement company's page.
Superior debt relief states Robin S had a testimonial but Robin S also has one on Debt Pointer. The same company that people are peddling here. Hhhhmmmmm. Curious you think? But it does not stop there. I copied and paste a testimonial from Superior Debt Relief and you know what.........the same testimonial from them is on Total debt solutions LLC word for word. Total Debt Solutions LLC is another one of these bogus SCAM sites. You guys are not very bright in your scheme.

NOW SAY ANYTHING I SAID IS WRONG. PROVE ME WRONG. STAY AWAY FROM THESE COMPANIES.

If anyone wants to know if a company is any good just ask me and I'll dig to see for you.

Sub: #9 posted on Sat, 09/06/2008 - 18:03

Unregistered


I have posted here before, on various topics. And I replied, because I have been in a successful settlement program and am nearly out of debt. I am not specifying which one, to prove I am not advertising for it. I said "WE" because there are many people in successful settlement programs that have benefitted from this site and sharing experiences good AND bad. And, if you are such a language expert, why are all of your entries filled with punctuation and capitalization errors? How can anyone take you seriously? Like anyone is going to ask your opinion about ANYthing? You can't even make a made-up profession sound convincing.

Sub: #10 posted on Sat, 09/06/2008 - 19:22

Unregistered


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