Debt Settlement in Florida. Protecting the Consumer

We all have heard it before; debt settlement is a nice solution for those who have debt problems.

There are aspects about debt settlement in Florida that need to be mentioned, so people can have a better understanding as to how debt settlement in Florida works, and if they think this method can help their specific [...]

How Will Debt Settlement Affect my Credit Report ?

Once you’ve overdue bills and collections on your credit report, you generally do not have much choice. You could pay up your bills entirely. However, it is almost always impossible. If you were capable of raising the full amount of money, you would have anted up a long time ago. Alternatively, you can disregard the [...]

How do I know if the debt settlement company I’m working with is competent?

I’m so worried about getting screwed by an incompetent company. Also, I checked with Debtmerica and they’re trying to charge me a 15% fee to do the debt negotiation. I’ve checked with a few other places too and somebody recommended going with an attorney-based debt settlement company to get better results. [...]

What is the best debt settlement for $12,000 and lower debt?

I recently switched jobs making significantly less money. Now I am past due with bills and am getting some pretty rude calls from creditors. I want to pay them but am having a hard time. I have been seeing commercials about debt settlement and needed some help deciding who to go through. I have a [...]

Will I have to pay income taxes on savings after a debt settlement program if income is low?

I am having to go through a program with a reputable debt settlement company and I understand I will get a 1099 at the end of the year after settlements are completed. I have extremely low income and was wondering if I would have to pay taxes on the savings?

Weighing the Benefits of Debt Settlement

Debt settlement is an agreement with a creditor to accept a lower amount of money to resolve the money owed.  Debt settlement can be attempted with the original creditor, but it is usually after the debt has been sold to a collection agency that debt settlement comes into play.  There is, of course, no guarantee [...]