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Debt Settlement on Today Show The Today Show recently did an expose on debt settlement companies. While I agree wholeheartedly with their negative opinion on most debt settlement firms, they have failed the test of fair and balanced journalism. Investigative Today Show reporter, Lisa Myers, spent all of her time uncovering the ugly...
Debt Settlement Scoundrels And the beat goes on….. How long will it be until Federal regulation appropriately addresses these problems?  Senator Schumer got the ball rolling on April with S.3264 but it didn’t get passed. Hopefully legislation will be under way during the Fall session. In the meantime, we can continue...
Wealth of Debt Settlement Opinions The more I read about debt settlement, the more I realize how much misinformation is flying about.  Since the potential customer for debt settlement is usually in crisis, they are more apt to believe the unbelievable. PEOPLE! Do your research. Here is an article I came across that succinctly explains the...
Debt Settlement Reform And the trend continues…. In the coming months, we will likely see more regulation for debt settlement companies.  You can be sure that those companies speaking the loudest against the regulations are most certainly the most egregious debt settlement companies scamming the consumer. Here are a few...
Debt Settlement Regulation If you are new to the blog, click HERE to start at the beginning of my story. I am out of the woods with my debt settlement tribulations. Having successfully navigated the crazy road, I am intent on paying it forward and providing information for consumers struggling with unsecured debt. One of the...
A Debt Settlement Miracle – Part 2 If you are new to the blog, click HERE to start at the beginning of my story. POST #31? Per my conversation with Billy, I called on March 2nd to speak with his manager, Bucky. While on hold to talk with Bucky, I knew this was the final moment. My last move. Everything I had done for the last 10 weeks had...
A Debt Settlement Miracle – Part 1 If you are new to the blog, click HERE to start at the beginning of my story. POST #30? How do we create an airtight counter offer?  An offer they can’t refuse….not because of the threat of a bloody horse head or anything “silly” like that. More like an offer where the...
A VISA Debt Settlement Offer If you are new to the blog, click HERE to start at the beginning of my story. POST #29 This is the day!!!! Famous last words…..well it wasn’t THE day, but it was a BIG step forward. I got on the phone with my contact in Recovery, let’s call him Billy. I had done my dance of the purgatory...
Trying To Avoid Charge Off If you are new to the blog, click HERE to start at the beginning of my story. POST #28? I was content to let my account charge off at the end of February and go to the Recovery Department until my CRN coach tried to talk me out of it. There was a complication that she wanted to avoid. Very soon, I was going...
VISA Settlement Not In Sight If you are new to the blog, click HERE to start at the beginning of my story. POST #27 ? Image via Wikipedia Here we are, 2 weeks into 2010 and I am still flying high from settling over $100K of debt.  It is hard to describe the feeling, but I imagine the relief is equivalent to that of my...
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