Debt Settlement is a very real option for consumers who are trying to avoid bankruptcy. Unfortunately, the decision to try it is too often made from an emotional perspective. This has, is, and will forever be; the wrong perspective to use in your decision making regarding this particular debt solution. Many people are understandably unsure, […]
debt settlement
Debt Settlement In Illinois – New Laws – Fair Fees
Last Thursday saw the anticipated signing of new laws governing debt settlement operators in Illinois. Fee Caps of debt settlement and professional credit card debt negotiations. This came on the heels of federal rules announced the prior week that are designed to curb consumer abuse at a national level. Illinois went further than the FTC […]
Debt Settlement Industry On The Verge
Due to business practices that have been deemed unfair and abusive used by many companies offering debt relief services (primarily debt settlement), new federal laws will come in to play that take aim at what are recognized as some of the worst practices. Those companies and industry associations that are most affected by the rules […]
Debt Settlement Company – You Can’t Compete With Liars!
A friend and I were having a conversation several years ago about his and my companies approach to working with consumers who are struggling financially. The context of the discussion was centered on how we both approach consulting with potential customers. His company, like CRN, is direct and honest in their assessment of consumer’s options, […]
Considering Bankruptcy – Is Debt Settlement Right For Me?
A well balanced article by Sandra Block in this morning’s USA Today – “Thinking of debt settlement? New FTC rule can help”, contained some great tips and information for consumers looking into debt settlement as a way to avoid bankruptcy. For the past many years (and through 10/27/10), Debt Settlement service providers have, in large […]
Settling Credit Card Debt in Michigan
What happens to my credit after settling my debt?
Dubious Debt Settlement Marketing Strategies – Don’t Buy into It
Every day, I receive a daily Google alert in my e-mail inbox that features links to articles, press releases and blogs about some aspect of debt settlement. It’s one of the ways that I stay abreast of what is happening in my industry. It’s the kind of information that any financially-troubled consumer might find by […]
How and Why Banks Settle Debt with You
Why are credit card companies willing to accept less than normal payments and even settle for less than the full balance due? The math!
Avoid Debt Settlement Scams
Debt settlement is not a scam. Far from it. Settling with creditors is a great way to deal with debt when you are unable to maintain consistent payments. It is however, not a cake walk, though many debt settlement companies will sell it as such. This post was inspired by a consult I did this […]
Can Settling your Debts make it Easier to Find a Good Job in Today’s Tough Job Market?
In a recent blog post written by Diane Stafford with the Kansas City Star entitled: Bankruptcy filing thwarts re-employment, Stafford highlights a key reason why consumers who can qualify for a Chapter 7 liquidation of debt bankruptcy should research ways to avoid it, if at all possible. The concern here is your credit report when […]