Once I enter into a debt settlement, will the debt settlement company make my creditors aware of this, will the debt settlement company then handle all communications with my creditors?

Yes to both questions, however, please be aware that the settlement company

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How do you know if the debt settlement co is legit. They are very professional on the phone but when they get your money it may be something else

Good question and that’s the reason why I do what I do and why I built this website. It’s hard to know because

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I currently am working with a debt settlement company and I have my doubts as to how well they can handle our debts. I went to their website and it looks the same since Sept. when we started.” Under Construction”. They don’t even have any customer testimonials. I told them about this and they told me they’re updating it. Does it take 5 months to do that? That’s why I’m having second thoughts about working with this company. The banks we owe still keep calling every day. Is it too late to switch to another debt settlement company?

Hello. It’s hard to say exactly what is going on, but given your description, it does sound curious. My guess

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As I am reading through the Q & A’s you say that a red flag is the settlement company telling me that they will clean up my credit at the end of the process. Janet H. is telling me her company includes in their negotiated settlement with the credit card company an agreement to remove all slow payments from my bureau upon final payment. Am I being oversold?

Good question. If the debt settlement company says that they will negotiate to have certain

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what is a third party debt settlement trust account? I’m so afraid getting ripped off by these companies, Will they be able to get into my acct? And could they go after my husband for my debt?

A third party trust account is like a bank account a debt settlement company sets up for you. It is

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Do all credit card accounts get closed after working with a debt settlement company? (Which would also reflect badly on a credit report. Right?)

Yes, while working with a settlement company you will not

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In the state of ohio are there changing laws that state that you must go through a law firm to do a debt settlement. I heard if this is not in place it will be soon.

At the time of this writing, there are no specific federal laws to handle the regulations of debt settlement and negotiation although that could be changing soon. Debt settlement laws vary greatly state by state and change regularly as states enact new measures to try and protect their residents from dishonest companies. In some cases more ยป

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i’ve 5 credit cards debts and total is approx. 80k. I’m thinking about hiring a settlement firm. Please advise how they would negotiate? do they settle one account at a time? Or can they settle a few accounts at the same time? if settle one at a time, won’t other accounts debt gets higher as we progress along?

The settlement process and speed often varies based on

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i am in debt settlement how do i change to management? – can not afford debt settlement

Your ability to change depends on your contract with your debt settlement company. What are

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As we’ve been contemplating this move for a while and are now forced to do something thanks to a major repair to our commuter car, we’d previously contacted both Freedom and Takechargeamerica for information before I found your site. In fact, I was preparing to call them when I found your site. They seem reputable, and the press clips I found seemed okay. Is there a problem with these companies (this stuff is very confusing!).

Glad I can help you choose a debt solution. Freedom is a company I have never worked with but

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Can I still be helped if credit card debt has been turned over to a Law Firm or Collection Agency?

Hello. Unfortunately, the answer is not very cut and dry. You can always

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