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Debt relief service scams target consumers with significant credit card debt by falsely promising to negotiate with their creditors to settle or otherwise reduce consumers' repayment obligations. These operations often charge cash-strapped consumers a large up-front fee, but then fail to help them settle or lower their debts – if they provide ...
Well if you don’t mind your credit being destroyed during the program you could do the debt settlement. They also have credit counseling services. But honestly you should just throw money at the biggest debt and do the snow ball method. Also, I don’t recommend national debt relief because I think they don’t offer litigation protection.
Generally speaking, debt relief is any program or service that offers to change the terms of a debt between a person and one or more creditors or debt collectors, including a reduction of the loan balance, interest rate, or fees owed. Companies may offer relief from different kinds of debt, including home mortgages (often called Mortgage ...
Panda Benefit Services, LLC., FTC v. In June 2024, the Federal Trade Commission announced that it took action to stop Prosperity Benefit Services, a student loan debt relief scheme that the agency says bilked more than $20.3 million from consumers seeking debt relief by pretending to be affiliated with the Department of Education.
krazeKrayola. • 10 mo. ago. I enrolled with National Debt Relief a year ago since I felt like I was in over my head with the amount of debt I had and making minimum payments weren’t worth it. I started the journey with them in October of last year and I only put in $131.50 each paycheck.
While National Debt Relief isn't necessarily a scam (it isn't a government agency either), their method of negotiation may yield less than an attorneys, and an attorney can sue (or threaten to sue) for violations of debt collection laws. They are going to tank your credit score intentionally to lower what you owe.
Then periodically based on the money you paid in, they will contact each of the places where your unsecured debt ended up and settle your debts. They will likely give you an agreed amount that you are paying them that is 50 cents on the dollar, and then they will negotiate a settlement of the debt for 5-25 cents on the dollar and pocket the ...
Don't listen to Candy. National Debt relief will help there are just negative impacts. I'm only on this thread to find credit impact information. National Debt relief will cut your debt in half! Then they take a 20% fee so you're really slashing 30% of your debt. They do this by having you stop all payments and default.
Now, the FTC is mailing 5,942 checks to people who didn’t cash their first payment. If you get a check, please cash it within 90 days. You can find answers to common questions about refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-844-578-2645. Who was eligible for a refund? To be ...
Debt Relief will ruin your fico for a number of years so that needs to be taken into consideration vs. boosting income, lowering apr via balance transfer cards and gauss.money on the cc debt. Chipping away there until all cc debt is gone and then shifting attention towards the loans. Reply. Dag0223.