Posted on
July 6, 2009
at
5:09 am
Some of these debt relief programs are scams
Posted on
July 6, 2009
at
5:09 am
They simply lie to consumers
Posted on
April 16, 2010
at
4:05 am
how to identify a scam debt relief? - don't fall for their pitch. They usually have one. Remember, if it's too good to be true? It probably is.
Posted on
April 16, 2010
at
4:12 am
how to identify a scam debt relief? - right, they usually sort of go after you. They're advertising method is so aggressive, bordering to desperate. And they give you lines like quick and easy, in no time, ... etc.
Posted on
April 16, 2010
at
4:14 am
how to identify a scam debt relief? - which debt relief program are we talking about here? credit counseling or debt settlement? And one way to find out if the company/agency is legitimate is to ask about their fees. They should be industry standard. And they should be open to discussionwhen it comes to fee structure.
Posted on
April 16, 2010
at
4:17 am
Right, if you're going to sign up for credit counseling, know that it's supposed to be non-profit, but if you say yes to their Debt Management Plan (DMP) - which negotiates your interest rates so you can be debt free in 3-5 years (if you don't drop out) - it's to cost you $25/mo.
Posted on
April 16, 2010
at
4:19 am
And for debt settlement, it's 15% of your total debt amount, spread over 18 months. Another structure is 20-25% of the settlement amount. There might be other structures, don't forget to ask about them, and don't forget to accept only what you can afford (within the said standards). The program runs for 1 to 3 years.
Posted on
May 24, 2010
at
2:30 am
They usually lie to consumers. They are aggressive in their advertising method . They promise you quick and easy methods.My new blog.. on trying to get out of debt, making extra money online, just little things I have picked up along the way... http://debit-free.us/ Updated regularly
