The television commercial claimed they had relationships with car lenders and could cut your payments through loan modification. While I knew the claims were unlikely to be true, I still had to investigate those claims. What I found were patterns of deceptive advertising and outright fraud. (more…)
Credit and Debt Blog
A Service of Debtors Unite, Inc.
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Archive for the ‘Eliminate Debt’ Category
I Changed My Mind on Debt Settlement–How Can I Cancel?
(Rolf from Florida) Today I signed a debt settlement agreement on the internet, THEN read about the pitfalls. How can I get out of the agreement before any payments are autmatically withdrawn? (more…)
Sued By Creditor While on Debt Settlement Plan
(Isma from Texas) last year i entered an agreement with ghs solutions. i am being sued by citi bank. i have come up with the money that citi bank will settle with. How do i go about doing away with ghs solutions and if i do that will i lose the money that has already been in the account which is 660.00. (more…)
Who Provides Settlement Loans?
(George from Indiana) Do most banks and credit unions front negotiated settlement pay offs with a substantial down payment or are they not looking to attract this kind of business? In other words are the ones that will do a settlement loan hard to find? (more…)
Allegro Seized by Alabama Attorney General
Allegro Law LLC and Allegro Financial Services LLC have been shut down permanently as a result of a lawsuit filed by the Alabama Attorney General seven months prior. According to the office of Troy King, Allegro is one of the “largest debt settlement schemes in the country.” (more…)
Minnesota Stands Up to Debt Settlement Companies
Minnesota residents can count themselves among the first in the nation to have new protections against the rogue debt settlement industry. A new law that went into effect August 1, 2009 has blocked the upfront fee model favored by debt settlement companies. (more…)
What is the Best Debt Settlement Company?
The struggling economy has made debt settlement is a booming industry. According to New York Attorney General, it is a rogue industry. If you are bound and determine to utilize one of those services, how do you know which debt settlement company is the best? (more…)
Since I Settled My Own Debt, Can I Get My Debt Settlement Company Fees Back?
(Ruth from Maryland) I signed up with a debt settlement company in Jan 2009. I have settled 90% of my debt myself and want to get back my $11,000 from the company.Do I have any legal recourse? I am 65 years old and this is the first time this has happened in my family. (more…)
How to Eliminate Debt in 1 Year
You notice that your credit card debt has stayed about the same. You rarely make purchases on your cards anymore but the balances seem to be about the same. Then you wonder what you would do with that extra $200-400 each month if your debt was paid off. Here is how you can eliminate your debt in 1 year. (more…)
