Search Results for: "debt settlement companies"

There are few industries that are as permeated by myths, misinformation and controversy as is the debt settlement industry. It is my goal to provide truthful, factual, unbiased information in order to dispel the confusion and misinformation. Unlike debt consolidation companies that forward your monthly payments to your creditors, debt settlement companies place your monthly payments to them into a trust account, then forward the money to your creditors when …read more »

Instead of making payments to creditors, payments are made to a Debt Settlement company who deposits your money into a trust bank account. They negotiate the balance of your debts with your creditors, and make lump-sum payments when sufficient funds are available in your account. (NOTE: Debt Settlement is often referred to as “Debt Negotiation”) Most Debt Settlement companies charge a flat fee based on a percentage of your debt …read more »

Salespeople with Debt Settlement and Debt Consolidation companies are paid to tell you their company’s service is your best option. They will often lie by omission; in other words, they will forgo telling the truth by not revealing the negative aspects of their service. These Salespeople are woefully misinformed relative to their competitors – the other seven debt relief options. You will be better served by consulting with someone who …read more »