Posted on February 3, 2010 at 4:13 am Many might be wondering what the debt settlement procedures are - everybody, share what you know!

Posted on February 3, 2010 at 4:20 am Debt settlement procedures? As in step by step into settling a debt?

Posted on February 3, 2010 at 4:27 am Debt Settlement Procedures - have everything in writing before you release funds. Remember that you are dealing with collection agencies. They can be pretty cunning.

Posted on February 3, 2010 at 4:41 am You might want to read this: http://www.payingpaul.com/debt-collection-letters.php It also has sample letters to debt collectors.

Posted on February 12, 2010 at 5:32 am debt settlement procedures as in how to enroll in debt settlement program? -- Contact the company that you are interested that you're interested in. Have your financial situation assessed. Once that information has been analyzed, they would be able to provide you with a firm estimate of a monthly payment, the total cost of the program, and how much they can potentially save you. If you are comfortable with those figures, at that point you are typically sent a contract and additional paperwork that is to be signed and sent back along with your recent account statements. Once the settlement company receives the paperwork back, you can be officially enrolled in the program and negotiators can begin contacting your creditors. In addition, the company will at that time give you advice on what you need to do while you are enrolled in their program.

Posted on February 12, 2010 at 5:34 am Wouldn't these debt settlement procedures not work in states that prohibit debt settlement?What are the states that prohibit debt settlement & on the other hand, what are the statesthat are favorable to which?

Posted on February 12, 2010 at 5:36 am Good questions - to answer the 1st one - There are states that prohibit or restrict professional debt settlement services. That means that even if the consumer qualifies in the debt settlement program, it would not be possible to enrolled in it, because of the state law. The consumer would have to resort into the Do-It-Yourself debt settlement option if he/she lives in these states:Giorgia-Idaho-Kansas-Maine-Mississippi-Minnesota-North and South Carolina-Utah-Wisconsin

Posted on February 12, 2010 at 5:38 am To answer the 2nd question - Texas, Florida, Pennsylvania, Arkansas, Iowa, South Dakota, and Oklahoma because they have state laws that can protect the consumers from (judgments) wage garnishments and/or liens on their property.

Posted on February 12, 2010 at 7:10 am ^ add south carolina to that list also.

Posted on February 12, 2010 at 12:14 pm Stay away from AMERICAN SOLUTIONS NETWORK, in North Miami Beach FL. They are Frauds!!!!!!!!they have no BBB record, are not members of TASC as they claim, are not members of USOBA as they calim, and are total jokes. They will destroy your credit!!!!!!!!!!and have very poor customer service.