Weighing the Benefits of Debt Settlement

Reader Comments

Back to article

having a hard time with your credit card debt, tired of collection companies calling you...please email me or call for a free quote and let me show you a way to financial freedom.

877-273-8044 ext 1113

Kris R of NY 2:30PM April 06, 2010

having a hard time with your credit card debt, tired of collection companies calling you...please email me or call for a free quote and let me show you a way to financial freedom.

877-273-8044 ext 1113

Kris R of NY 2:30PM April 06, 2010

I was 45K in debt and was going to fall behind .I began to look into different debt relief agencies for help. I first went with a supposed Christian debt help company but canceled after one month after reading a lot of negative reviews and there bad BBB rating. Almost every Debt settlement company I looked into had bad ratings or people that had bad results.

I'm now working with WFS Debt and they have been a great help so far as well as having a high BBB rating and people who i spoke to that used them were happy with there services.

I had my friend call them and even know they couldn't help her they found a local attorney in her state that could. I'm pretty sure consultations are free. there information is below

WFS Debt Relief I posted the website below

http://www.wfsdebt.com/

877378-3593

I hope this helps be very careful when looking for an agency as there are much more bad ones then good ones and some are out right scams that Christin company took me for over a 1000 dollars. I will look for there exact name and post it when i get a chance

Sharron Jackson of NY 4:18PM March 19, 2010

FAST Debt Advisors, LLC

Call us at 877-693-7750 to speak with one of our IAPDA Certfied debt advisors. We offer the best money back guarantee and charge the lowest fee's. Mention this post and get a 20% fee discount today. You can find us online at www.fastdebtadvisors.com. Our program is ethical and helps you get out of debt FAST.

Ricky Lopez of FL 11:10PM March 15, 2010

I know of one legitimate debt settlement company, that is now traded on the Frankfurt Stock Exchange, and which is run with integrity and compassion: US Debt Settlement. This company has assisted many people through some of the toughest financial times in their lives, providing practical, clear assistance at a time when people can really use experienced help.

http://usdebtsettlement.com/

You can give them a call at 1-888-831-0888

Cynthia Larson of CA 1:42PM November 10, 2009

I am looking for a legit credit/debt reduction and settlement company. what red flags should I be aware of? I am considering a company that wants access to my svings account to with draw 100 dollars/month and is promising to lower my debt by 40-60%. Tey ave instructed me NOT to pay any more monthly bills on my credit cards and that the finance charges and LATE payment history that will show up on my credit report will have an impact but not as great as I would have expected. Shoule I just try and contact my creditors myself and negotiate on my own behalf or pay 3,000 dollars over the course of 12-24 months to let some one else do it.....and how do I know that they will actually pay my debt off.....really need help here.! There are SOOO many companiea like this out there. sincerely, denise b.

denise of MO 7:34AM November 01, 2009

debt settlements have been proven to be the the fastest growing and most effective tool to becoming debt free. The only way a debt settlemnt company makes money is by saving the cosumer money. Tjhe program lowers your principle debt to 55 cents on the dollar and completl elinates your interest to 0

For more information please feel free to give me a call at 888-688-1709 ext 2119.

Steve Hillman

steve hillman of FL 11:21AM October 30, 2009

Debt settlement program Debt Negotiation Program Bankruptcy, credit crad debt or any kind of debt will be settled with the apropiate Debt Management Program. Negotiating over the price of a purchase could be called Debt Negotiation, and a few people realize there is a debt solution that puts you in the ball game and levels the playing field between you and your creditors.

Debt Settlement, also known as debt negotiation, is a form of debt consolidation in which the debt settlement company consolidates, and negotiates all your unsecured debts for a low flexible payment. Become one of our satisfied clients, you have nothing to lose but your debt.

jackfleming of ND 7:17AM October 22, 2009

You're Making Enough Money in Loan Modification to Pass Up Being a Debt Settlement Affiliate Net Branch Office?

"But You Can't and Here's Why"

As debt settlement statistics tell us, if you're doing really well with loan modification, diversify, and fast, as debt settlement services are needed on a 10 to 1 basis and, there's a double dip in it for you. Imagine, you're able to not only save your clients home, but settle their debt for as little as 50% on the dollar. It's like being saved by a Lifeguard!

Moreover, the value of simultaneously providing debt settlement to your client, so they can more concernedly modify their loan is invaluable. DTI Baby - get their DTI down by settling your client's debt first.

If you're unable to get your clients' mortgage modified because their debt to income ratio is too high, go back over their credit report and add up all of their un-secured debt - credit cards, hospital bills, etc. The summation of these items can average $22,000 and more per deal.

Hello - what you just added up (this $22,000) is the "Debt Settlement Industry" and with fees averaging as high as 8%-10%, it's got enough commission income structure in it to not to walk away from. FYI: the average fees charged to the client, industry wide, is 15%, but the average payout to an affiliate office is 7 1/2% to 8%.

Think about it, you've got the client in your hand, relying on your expertise to save their home, modify their loan, and without blinking an eye, you have one more way to make that possible.

Let's take a closer look;

Read the Full Article: http://www.merchleads.com/debt_settlement_news.html

Richard Preisig of CT 3:59PM June 16, 2009

If a consumer wants the best debt settlement representation possible, they need to hook up with a "debt settlement attorney". Attorneys charge the same or even less than most non attorney debt settlement companies. Plus, it's a Federal violation for debt collector to contact a client represented by an attorney. And being in a debt settlement program, you will receive debt collection calls... and they can be vicious. Bottom line... hire an attorney.

BarbaraG of FL 6:43PM January 27, 2009

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Back to article

U.S. News Rankings & Research

U.S. News delivers quality analysis and clear objective rankings to help you make informed financial decisions.

advertisement

Follow U.S. News Money

Latest Video

advertisement