Posted on
August 2, 2009
at
8:40 pm
Can anyone recommend a legitimate debt relief company for me, please? I have $20k in unsecured debt. Also I have rent and utilities that's overdue. I can't pay my debt off right now because I was laid off and I'm in the process of looking for a steady paying job. I know that most debt relief companies are scams and I don't want to risk working with a company that will only be after my money. Recommendations for honest companies will be greatly appreciated.
Posted on
August 3, 2009
at
12:14 am
How would you know what is a legitimate debt relief company anyway? What makes them different from the scammers?
Posted on
August 3, 2009
at
2:19 am
- Accreditation with the TASC for debt settlement companies and NFCC with credit counseling agencies- Few complaints with the BBB- Complete paperwork- If they don't ask you up-front for any fees if the company claims to be non-profit
Posted on
August 3, 2009
at
2:54 am
shouldn't non-proft companies just be content with non-profit status? why are they asking for fees?
Posted on
August 3, 2009
at
5:55 am
While a lot of credit counseling agencies advertise as non-profit, they usually require a monthly fee, somewhere around $25. Not to mention the fact that a lot of these companies are owned and funded by the creditors themselves, getting kickbacks for every client they sign up.
Posted on
August 4, 2009
at
3:04 am
That's not fair. How much of a cut do they receive from my creditors?
Posted on
August 4, 2009
at
3:53 am
It may take between 4-10% of your current debt amount--well, it used to be 15%. Apparently there was a lot of outrage when the consumers found out how huge a cut that the counselors received from their bosses, the creditors.
Posted on
October 20, 2009
at
4:31 am
Legitimate debt relief company - debt settlement - what to look for:-The settlement company's program must have a fast completion time. 12-36 months.-The program must be able to protect and improvethe consumer's credit standing.-Must be a member of the Better Business Bureau, BBB, for at least 5 years.-Must also have a good standing with the Chamber of Commerce-A Member of TASC - The Association Of Settlement Companies and the IAPDA or the International Association of Professional Debt Arbitrators
