Debt Settlement Companies Under Scrutiny
How do you know which debt settlement or debt consolidation program to choose, when theirs 1000's out there?
How do you know which program is good and which one is right for you. I heard their is a way to check there beruo report or something, not sure what its called. How can you see the results and reputation of the debt settlement program or debt consolidation program.
Watch the video related to debt settlement
Attorneys general from Illinois to West Virginia have become serious about combating abusive practices within the debt settlement industry. In New York state, Attorney General Cuomo recently announced that the state has secured subpoenas against 14 national debt settlement companies. At the same time, the Consumer Credit and Debt Protection Act was introduced in the US House of Representatives in an effort to reign in the industry. Join Thomas Fox, Cambridge Credit Counselings Community …
Let’s discus about debt settlement
Tags: credit cards, debt, debt help, Debt Settlement
This entry was posted on Friday, January 1st, 2010 at 5:21 am and is filed under Debt Settlement. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
3 Responses to “Debt Settlement Companies Under Scrutiny”
Leave a Reply
Tags
Blogroll
- All Money Making Tips
- Debt Free Debt
- Dedicated Server Reseller
- Forex Daily Effect
- Forex Signal
- Harga Terbaru
- Home Loans and Home Student Education
- Looking Insurance
- Online Payday Loans
- PHP Script Demo
- Royal Bank and Finance
- Search Free Debt Consolidation
- Shopping Electric Car
- TechnoFox
- The Freelance Jobs
- Trading and Forex
- Trading, Forex and Money
Credit card contracts are a series continuing offers to contract and are not transferrable. Not legal advice…just sayin.
I would have to agree with these points. I signed up for a debt settlement plan, and while they were not as abusive as some of the things he mentions, it did trash my credit. I was able to settle some of the debt but not for as little as they claimed originally. The final creditor though completely refused. They sued, for an amount almost double the original debt (because of interest and fees), and I ultimately had to declare bankruptcy anyway, which is what I had been trying to avoid.
The worst thing that can happen to you is that you will lose the case.
If your wife doesn't have a job, they can't garnish her wages.
If you own Real Property, they can put a lien against it.
Otherwise, lawsuit judgements can also be "settled" if the creditor agrees. Just because the plantiff wins the case doesn't mean you have to pay the entire judgement amount-it just gives the creditor more options to come after your assetts.