Posted on
May 6, 2010
at
3:24 am
hi guys, what can you say about that american debt arbitration scam?
Posted on
May 6, 2010
at
5:11 am
hi guys, what can you say about that american debt arbitration scam?- Hi J Stam, if you have complaint about them, just like the people in that link, contact your your state Attorney General’s office (
www.naag.org) and the Federal Trade Commission (
www.ftc.gov).
Posted on
May 6, 2010
at
5:13 am
Thanks! I'll do that, if ever. Question though, what is debt arbitration anyway? I\ve heard of debt settlement. Are those different or the same?
ck Rep Points:
Posted on
May 6, 2010
at
5:15 am
Hey J Stam, wikipedia said:Debt settlement, also known as debt arbitration or debt negotiation, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.
Posted on
May 6, 2010
at
5:18 am
The American Debt Arbitration the company maybe a scam, but debt arbitration itself is not. But it's true that there exists scammers, and to prevent that, look for companies that are under
http://www.iapda.org/
Posted on
May 6, 2010
at
5:52 am
I think relevant to this topic is, how to choose a legitimate debt settlement company, what to look for in one (so as to avoid being scammed):::the consumer should really do his homework and check for the following::: Transparency, and you'd usually see this in their website (must have everything or the basic things you'd want to know about the program and the company). Great customer service (prompt response and know-how). Price (must be within the industry standard). Honesty (must look out for your best interest and not theirs) - must tell you if it's best for you to file bankruptcy. Money-back guarantee. Fast completion time.
Posted on
May 6, 2010
at
5:53 am
I agree, and to add to that - -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. -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
