Posted on
January 7, 2010
at
3:06 am
What is a legitimate sure fire debt settlement program? Where can that be found?
Posted on
January 7, 2010
at
3:19 am
A legitimate debt settlement program has very little (resolved) or no complaints record.
Posted on
January 7, 2010
at
3:21 am
Another good question to ask, relative to a legitimate debt settlement program, is - what is a legitimate debt settlement company? And is the debt settlement business legitimate?
Posted on
January 7, 2010
at
3:23 am
The settlement company's program must have a fast completion time. 12-36 months.The program must be able to protect and improve the consumer's credit standing (granted that before the consumer even enters the program, his/her credit was already damaged due to large debt amount and non-payment or past due accounts)
Posted on
January 7, 2010
at
3:28 am
A legitimate debt settlement program also touches upon the fees - the industry standard is 15% of the total debt amount spread over 18 months or a percentage of the settlement amount (20-25%)
Posted on
January 7, 2010
at
3:29 am
I agree, as for the legitimate company: -It 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 theInternational Association of Professional Debt Arbitrators
Posted on
January 7, 2010
at
3:41 am
All those things are true, I think, but even if the settlement program and the company are legitimate, there is no saying that it would bring the consumer success (debt free).Nothing is guaranteed with any programs - but if the it is compatible to the consumer's unique financial situation then it has a big chance of completion.Speaking of which, destroydebt.com can match you up to the right program and company FOR FREE, just fill out a form.
Posted on
January 11, 2010
at
1:20 pm
A good debt settlement company should also be willing to give you all information good or bad. This decision is too important for you not to have all the facts at your disposal before deciding.
Posted on
January 12, 2010
at
1:07 am
I'd just like to say (because I saw the BBB membership) that even if a company is a member of the BBB with an A+ rating it doesn't mean that the other companies that don't have a BBB membership are not legitimate.If a company is a member of TASC at least, I think that's fine. I heard that the BBB is having issues with the settlement industry.
