Does anyone knows about the liquidela.com program to help you cancel your debt?

Question

I receive a call today from the Company calls Liquidela.com. I'm very bad with my credit cards and they helping me to cancel 35% of my debt with 0% interest until you cancel your debt.

The person who I spoke to looked very sincere. I checked their website and this Company has 30 years helping people with debts.

I'm a littler scare to sign the contract and making the final decision.

Have anyone heard about this Company and what do you think?

Answer 1

First, call legal aid, it is free. Look it up for your state and speak to them first. Never sign anything without a lot of research and advise from a neutral party like legal aid. Some services do exist to give you guideance and may involve paying a smaller fee or using a "sliding scale" where you pay based on income etc...  so check in phone book for a credit counselor. Perhaps google "social services" for your state to see what is available.  Many crooks out there, be careful. Free tip- you can call credit card companies yourself and make deals by asking them to cut bill in half by telling them that is all you can afford, many will work with you b/c if you go bankrupt they get nada. I had a very mean, nasty unprofessional  bill collector giving me a hard time so I had a lawyer call and I told the collector I'd have to gobankrupt and they became much more pleasant and worked with me on a plan I could afford. They hope to reclaim some money at least and you can be your own liquidela..and write letters about any charges you dispute and they must reply, check your credit report as many people find errors.

Answer 2

It sounds VERY BAD, if they cold-called you.  Do not sign!  It's terrible, but there are companies that prey on the people least able to afford it.  They rely on the same poor judgement that these people had in the first place to get into debt, get money from them, and leave them worse off.

What you can do, is look in the phone book, and find a nonprofit credit counselor in your area.  The good ones are free, or nearly free.  And there shouldn't be a contract to sign.  Ask them what they think of this liquidela.com place.