Debt Settlement vs. Bankruptcy: What’s the Difference?

If you are struggling with overwhelming debts, debt settlement and bankruptcy are two options that can help you regain good financial health. While many people are familiar with the word “bankruptcy,” debt settlement is less well known, and the differences between both options are unclear to many. For the benefit of our clients, this blog [...]

By |2018-11-13T19:36:11-06:00November 14th, 2016|Bankruptcy, Debt Settlement|Comments Off on Debt Settlement vs. Bankruptcy: What’s the Difference?

Debt Settlement Devise New Tricks To Evade Rules

The Federal Trade Commission's new restrictions on debt settlement companies has not stop some of these firms from devising new strategies so that they can still charge upfront fees to customers. "Instead of complying with the new rules, the majority of debt settlement companies are evolving to evade them," said Chris Viale, CEO of Cambridge [...]

By |2021-01-19T15:44:19-06:00January 7th, 2011|Debt Settlement|Comments Off on Debt Settlement Devise New Tricks To Evade Rules

Debt Settlement Know the Truth

Maybe you're not ready for bankruptcy-or even a good case for it, but you're still suffering from high debt that makes it impossible to pay the really important bills like rent, electricity, gas, or food. You might want to try and "settle" your credit card bills . When you owe a lot of money in [...]

By |2021-01-19T15:44:32-06:00January 4th, 2011|Debt Settlement|Comments Off on Debt Settlement Know the Truth

Considering Debt Settlement? Three Industry Secrets They Don’t Want You To Know About

Debt settlement companies claim that they offer a viable alternative to bankruptcy. But what they don't tell their customers is that debt settlement fails more often than it succeeds. Secrets about debt settlement: The fees are steep and they often reduce the amount of money that will go to pay off your debt. Debt settlement [...]

By |2021-01-19T15:44:51-06:00October 25th, 2010|Debt Settlement|Comments Off on Considering Debt Settlement? Three Industry Secrets They Don’t Want You To Know About

The Truth About Debt Settlement

Well over a million Americans have filed bankruptcy this year and many experts expect that number to increase in 2010. Many Americans who are struggling with debt woes, facing foreclosure and other financial issues delay bankruptcy. Too many of them turn to questionable debt settlement firms who charge the exorbitant fees while failing to deliver [...]

By |2021-02-12T16:09:21-06:00December 31st, 2009|Debt Settlement|Comments Off on The Truth About Debt Settlement

Six Reasons Why Debt Settlement Schemes Often Don’t Work

Debtor's can't afford the payment(s). The number one reason most debt settlement schemes don't work is because the debtor cannot afford the payment(s). Most debt settlement schemes require large upfront payments to the debt settlement firm which will be redirected to the creditor (minus the debt settlement firm's fees). However, most debtors are severely cash [...]

By |2021-02-12T16:09:31-06:00December 17th, 2009|Debt Settlement|Comments Off on Six Reasons Why Debt Settlement Schemes Often Don’t Work

Debt Settlement is Not as Easy as Advertised

Many debtors considering bankruptcy are often holding out hope that they can somehow settle their debts for pennies on the dollar like advertised on the late night debt settlement infomercials. But debt settlement is not as easy or pain free as the debt settlement merchants would have you believe. Let's take a look at some [...]

By |2021-02-12T16:09:42-06:00July 8th, 2009|Debt Settlement|Comments Off on Debt Settlement is Not as Easy as Advertised

How Is Debt Settlement Different From Filing Bankruptcy?

With many Americans struggling to repay debt, advertisements for debt settlement companies are on the rise. Many debt settlement companies claim that they can help debtors pay only a fraction of their debt and walk away debt-free. "Pay only pennies on the dollar!," they say. Many debtors are under the false impression that debt settlement [...]

By |2021-01-21T13:53:28-06:00June 26th, 2009|Debt Settlement|Comments Off on How Is Debt Settlement Different From Filing Bankruptcy?

Beware Of Debt Settlement Pitfalls

According to an article in the Star-Telegram, debt settlement can often leave debtor's worse off than they were before they attempted to settle the debt.The article said: Anybody buried in bills has seen the ads or received letters or calls from companies promising to settle credit card debt for 50 cents on the dollar. The [...]

By |2021-02-12T16:09:48-06:00June 1st, 2009|Debt Settlement|Comments Off on Beware Of Debt Settlement Pitfalls

Debt Settlement Or Bankruptcy?

Most debtors file for bankruptcy as a last ditch effort to dig themselves out of the hole when their debt troubles are just too much to handle. But often their last stop right before bankruptcy is debt settlement. There are a lot of companies out there that offer debtors the opportunity to settle their debts [...]

By |2021-01-21T12:52:42-06:00December 9th, 2008|Bankruptcy, Debt Settlement, FAQ|Comments Off on Debt Settlement Or Bankruptcy?
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