If you have enrolled or are thinking of enrolling in a debt negotiation program I have one point of information for you to consider. If the company you are speaking to promises that they will be able to get the credit calls to stop with letters or a cease and desist, you may be in for a shock. Once a creditor knows that you are in a debt settlement program they are more likely to sue you. A debt negotiation company that tells you they can get the calls to stop, probably doesn't know what they are doing. This is just a sales tactic to get your money. A reputable debt settlement company will tell you to stop taking the calls or change your number frequently. I hope this helps. There are good debt management companies out there. Unfortunately there are a lot of bad ones as well. Do your homework, ask for references, check with the better business bureau but don't do anything unless all of your questions have been answered and you are satisfied.
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1 comment:
Good words of advice.
Http://www.netdebt.com has a clean easy to use site
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