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We would like
to give you an example of the many complaints we hear in
regards to debt settlement
companies. This example is from a recent letter by a
young lady. She was contracted by a certain debt
settlement company to negotiate a settlement on a total
of $18,000.00 debt on 4 credit cards. She was told to
send to them $400.00 per month and they would handle the
rest. After 10 months and $4000.00 sent to them, she
noticed that none of the credit card debt was being paid
or reduced.
Upon
contacting the settlement company she was advised that
her set- aside fund was not yet large enough to make an
offer to the credit card company. How can that be?
When she explored it further, she found that only
$1700.00 of the $4000.00 she had sent them was available
in the set aside fund. All the rest of the money
was charged as fees. So, after 10 months with her
credit further damaged she still is unable to reduce
even one card. The settlement company got their
fees but she has gotten no relief. These debt
settlement companies feel that only a small percentage
of people complete or graduate their program.
Therefore, they want to receive all of their fees
upfront first, and then your money will be saved for a
settlement in the future. At this point, why would
they work hard for you to receive a good settlement when
they have already been paid upfront? This is a
win-win situation for these companies and that is why there are so many of
them out there.
What
can be done if you feel you’ve been cheated and want out
of your contract with your debt settlement company?
You want to have all your money returned or at least the
set-aside balance they are holding? On this
particular case we just discussed, the settlement
company was headquartered in Florida. Bad news,
since only Florida and Maryland have no regulations
regarding debt relief companies. Be especially
wary of any debt settlement
companies from these two states.
LET ADS FINANCIAL HELP YOU ACCOMPLISH DEBT NEGOTIATION
ON YOUR OWN AND SAVE THOUSANDS OF DOLLARS IN THE PROCESS
By choosing ADS Financial, you will learn how to negotiate
your settlement on your own. The debt settlement
process works and works well and we will provide you
with all the information necessary to accomplish debt
negotiation on your own. We provide you with
every form and letter you need during the debt
settlement process. By learning how to negotiate
on your own you will be out of debt sooner and save
thousands of dollars during the process. We break
the entire debt settlement process down so it is easy to
understand and by the time you complete our online
tutorial you will have more information than some of
the leading professionals in the debt settlement
industry today. Sign up with ADS Financial and get
back on track to financial freedom.
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