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

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?

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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