Can anybody recommend a legitimate debt settlement companY?

Question

Can anybody recommend a legitimate debt settlement companY?

Answer 1

Hi Jason,

I am a Reference Librarian.  It will take me a few minutes to research your question.

I highly recommend the nonprofit Consumer Credit Counseling agency (CCC).  As I understand it, they do not take any money;  they help you work out an arrangement with your creditors, and you pay your bills.  You should always check out the credentials before giving anyone any money.  

Every state should have at least one nonprofit CCC.  Since I don't know what state you are in, the first is where I suggest you start.  The second is a west coast service, and the third is East Coast.  

Remember that everyone falls into a difficult time at some point.  Don't let this get you down.  The hardest part is asking for help, and you just did it.

Good luck!

K

Answer 2

I know one ligitimate debt settlement company, it is http://www.debtreduction123.net they have helped me a lot in settling my debts. I m very much thank ful to those people who helped me out in my bad days. I only recommend to go for this company, they have professional smart staff, having good contacts out side. They will definately solve your problem.  

Answer 3

Yes the federal Bankruptcy Chapter 13 court is the only one. Sorry but you asked. These so called companies will not pay your creditors till they have trashed your credit and all are in charged off status and they charge you to trash your own credit. BK 13 is paid to the trustee and they pay off your creditors. Yes your credit is hurt but after paid out you can come back from bk. Besides this almost all lenders look at these settlement companies as a chapter 13 any way since you are reorganizing your debts

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I am a mortgage banker in TN & KY