Exact(29)
Have you ever used a debt settlement firm?
Ms. Dorrian said that a debt settlement company had already begun negotiating a payment plan for the credit card debt.
Another option is for a borrower to sign up a debt settlement company to negotiate on her behalf.
The government charged a debt settlement company with defrauding more than 1,200 people who were struggling with credit card debt.
He signed up with a debt settlement company named Hope Financial, which negotiated deals with his creditors to settle for about 35percentt of his balance.
The man and his wife entered a debt settlement program and "now live frugally" on $750 a month, after paying all their expenses.
Similar(21)
To do so, they examined nearly 6,000 consumers in a debt-settlement program, which is a program designed for borrowers who can't meet the minimum monthly payments on their debt accounts.
A week later, the C.F.P.B. filed a lawsuit against a debt-settlement firm, Freedom Debt Relief, which markets its services as a way for highly indebted people to discharge their financial obligations.
If, for example, a debt-laden consumer responds by e-mail to an online ad, then conducts a conversation with a debt-settlement company via Skype, which transmits voice and video over the Internet, it is not certain whether the transaction would be considered telemarketing.
For consumers who are truly interested in doing research to select a qualified Debt Settlement company, a great resource is The Association of Settlement Companies website.
Should consumers even be pushed into a debt management plan over a bankruptcy, debt settlement, or debt consolidation loan without knowing the performance rates of such programs?
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