Chickens Secondary Header
728x90 header

Debt Settlement Companies-Are they Trustworthy?

Article by Jason Holmes

The debt settlement industry is surging ahead like never before. Earlier there used to be a limited number of debt settlement companies. With the increasing number of debtors opting for it as an effective debt help option, many companies have mushroomed in different cities. Since the number of debt settlement agencies have increased, you may find it difficult to figure out which companies are authentic. So, before you decide to settle your debts with the help of debt settlement firms, do a thorough investigation of the company you are intending to hire.

The TASC or The Association of Settlement Companies aim at carrying out debt settlement activities in a fair and just manner. They also protect consumer’s interest and see that debt settlement companies are operating as per norms.

How does the debt settlement company help you?When you are opting for debt settlement with the help of a“>debt settlement company, you do not have to make payments to the creditors. You make payments to a trust account where your money accumulates till it becomes at least half of what you owe to the creditors. Once that amount is reached, the debt settlement companies negotiate and try to convince the lender so that a part of your outstanding balance (usually 50% to 60%) can be pardoned. If it is agreed upon, you enjoy a lower rate of interest and lower monthly payments.

How much does the debt settlement firm charge?The debt settlement firm charge fees for opening your account. In addition to that they take a monthly service charge from you. However, fees differ depending on your debt amount and the company you are hiring.

Scams involving debt settlement companiesRecently, several fraudulent activities have taken place in the debt settlement industry. Reports suggest that many companies retained the money of debtors instead of paying it to the creditors. When asked they said it was their fees but the same was not disclosed earlier. Few debt settlement companies take the first 3 monthly payments as their initial fees. Few incidents stated that even after making payments to the debt settlement firms, debtors received threatening calls from collection agencies. Check the credibility of the debt settlement company you are hiring from the Better Business Bureau (BBB) so that you can avoid unpleasant incidents.

About the Author

Jason Holmes is a reputed author and she has been writing articles on debt advice. She has also written for the Debt Consolidation Care community. Her write ups are very informative and have proved to be very helpful those in debt.

Expungement Attorney Tamara Holder CHICAGO (Jan. 15, 2007) — If Tamara Holder didn’t exist, a screenwriter might be thinking her up right this minute. Young, blond, beautiful, whip-smart attorney — make her a just little bit wild back in high school — stakes out her legal territory where no one else wants to go: helping convicted felons clear their records, getting pardons or “disappearing” their convictions with expungements, while also practicing criminal defense for clients from every walk of life. Here, truth trumps fiction and Tamara Holder is living her own reality show. Just two years out of John Marshall Law School, she’s the lawyer to see when you need to clear your name — to her knowledge, the only attorney in Chicago, and perhaps all of Illinois, focusing on expungement of arrest or criminal records and seeking of pardons. She is also, as above, blonde, beautiful, better than bright, and all of 27 years old. (“I graduated high school, college, and law school early,” she explains.) Her first love is criminal defense, but once she realized the disastrous impact a criminal record can have on an individual’s life, she decided to focus on people needing expungements or pardons. And since a chance meeting with Rev. Jesse L. Jackson Sr., she has devoted Monday evenings to helping all who attend an ad hoc session on expungement at the Rainbow PUSH Coalition’s headquarters, 930 W. 50th St. in Chicago’s Hyde Park neighborhood. Yet these pro bono walk-ins are far from
Video Rating: 3 / 5

More Pardon Service Articles

It's only fair to share...Share on FacebookTweet about this on TwitterPin on PinterestShare on Google+Digg this

Comments are closed.

Chickens Secondary Header
728x90 header
Search the Site
Chicken Pens and Runs
film contracts
Script to Sales
Application Selection