Debt Settlement Advice
July 26th, 2010
Question: I would like some advice. I signed up with a debt settlement company over a year ago and now i’m being sued by?
one creditor after another and I’m falling further and further under. What can I do to resolve this matter?
Answer: debt settlement companies pressure your creditors to settle by not paying your bills. They don’t do anything that you can’t do yourself. I am sure that your realize this by now but you should avoid debt settlement companies.
Your only option at this point is to show up in court so you can try to negotiate a payment plan with the creditors. The judge may approve it. Otherwise you will be at the mercy of the creditors. They will be able to garnish wages, freeze checking, place liens…
Or you could file bankruptcy.
The Misperception of Credit Card Debt Relief and How Consumers Are Getting Out of Debt
LOS ANGELES, CA–(Marketwire – 07/24/10) – It’s hard not to notice all the advertisements and promotions for debt relief . Whether it is on TV, radio, newspaper, or the internet, there’s some company promising freedom from credit card debt and other various unsecured debts. The problem is none of these ads inform consumers how the program works. The main forms of debt relief available and how …
Martin Lewis- Debt advice
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