Debt Settlement Blog

There are two different types of debt settlement agencies operating in the United States of America. The first kind is a debt settlement company like Everest Debt Solutions that not only provides debt consolidation services such as debt settlement but also consults clients with no obligation or cost. This type of debt settlement company has formed bonds with creditors, collectors and credit card companies in order to settle debts qualified for the program in an efficient manner. Call 1-800-258-4131 for more information about how a debt settlement company like Everest Debt Solutions can help you.

The second type of debt settlement company is law firm debt settlement also known as attorney debt settlement programs. These attorney debt settlement programs rarely produce results other than getting their clients deeper in to credit card debt. Law firm debt settlement programs operate in the opposite manner of collection agencies and are usually able to circumnavigate the law in some states in order to provide their services. The laws for these states were created to keep companies like this out however some law firm debt settlement agencies operate with impunity. With these law firm programs your fees are paid as a retainer for the service. In most cases you will pay the fees over the first 15 months of a 3 year program. Recently some of these debt settlement law firms have come under scrutiny by attorney generals and the FTC for violating numerous laws and acting in an unethical manner in regards disclosures about debt settlement and the potential consequences.

If you are a victim of a debt settlement law firm or a attorney debt settlement program contact us immediately for a free consultation to see if we can help you before your creditors take legal action to collect debts and force you into bankruptcy. Call 1-800-258-4131 for free help with your credit card debts.