Debt Solutions As Seen On TV
Posted on
August 6, 2009
at
1:35 am
i'm looking for a lucrative debt solution to help me and my family out because we got into debt, and i saw this "debt solutions as seen on TV" thingy and i'm honestly interested in signing up for it, but i'm a little hesistant, given that there are a lot of scam artists out there, i just want to know if this is the real deal or not.
Posted on
August 6, 2009
at
2:08 am
Wasn't this also a Kevin Trudeau money-making scheme? I'd steer clear from it if I were you. He's been peddling all these "solutions" on television for years.
Posted on
August 6, 2009
at
2:42 am
In August 7, 2008, the FTC issued an order against Kevin Trudeau, banning him from appearing in infomercials for three years. A penalty of over $5 million dollars was fined against him. A few months later, in November, US District Court Judge Robert Gettleman revised the judgment served on him. The amount was raised to over $37 million dollars, which was the total amount that the customers paid in response to the items and books he sold with misleading statements.For some reason he is still able to sell his products on television.
Posted on
August 7, 2009
at
3:48 am
That's because his lawyer was able to find a clause, a loophole if you may, on the court action made against him--that is why "debt solutions as seen on TV" still exists.I do wonder though if this approach actually works.
Posted on
August 7, 2009
at
4:41 am
Apparently his book states that the best way to get out of debt is thru government grants--which is not really a feasible solution to eliminating debt, as there is no specific govt grant for these kinds of things.
Posted on
August 16, 2009
at
11:34 pm
Debt solutions as seen on TV..is not how it is in real life. I'm no debt expert but I think a lay consumer should know by now that anything that's on tv, magazine, internet...need an extra push to sell. It's called advertising, it's called promotion...it's called white lies. Just saying.If a consumer is in need of a real debt relief solution, he/she should shop around, make a list of scam-free companies from the BBB, The Better Business Bureau (www.bbb.org)
Posted on
August 16, 2009
at
11:41 pm
I agree with that, and then the consumer should call those companies one by one. Get a feel of the services they offer and know about the companies' policies. At this point, the consumer should still have that pen and paper on hand, jot down notes.If the consumer does not know what to ask or to look for in a debt relief company--or hasn't yet decided which option best fit his/her financial situation, destroydebt.com offers a free consultation. Just fill out a form here and speak with a debt expert for free.
Posted on
August 16, 2009
at
11:46 pm
If the consumer has decided to use a debt settlement program, what are the factors that he/she should consider in choosing the right program/company?
Posted on
August 16, 2009
at
11:53 pm
Aside from checking the settlement companies' membership-- with the Better Business Bureau, see if they have already been in operation for 5 years, if there were complaints against them, and if those complaints been resolved..etc.As for what to look for in a settlement company-- a fast competitive completion time, find out if the company has back up plans too, should the program encounter a problem, also make sure if the program must helps protect the consumer's credit standing.
Posted on
August 17, 2009
at
12:12 am
Debt solutions as seen on TV may or may not work, depending on the company. If the consumer has determined that debt settlement is the way to go -- aside from the BBB, he/she may also check the following sites:TASC www.tascsite.org The Association Of Settlement CompaniesIAPDA www.iapda.org the International Association of Professional Debt Arbitrators and the USOBA www.usoba.org the United States Organization for Bankruptcy Alternatives.It's also a plus of the settlement company is member of their state Chamber of commerce and the US Chamber of Commerce.
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