Radio Collector's Afficionado's Resource

• Shopping around for debt relief programs?

• Getting quotes from dissimilar debt settlement companies?
• Filling out forms on the Internet, looking for aid with credit card debt?

Tempted by Lower Payments?

Don’t be fooled…

DO YOU HAVE ACCOUNTS WITH ANY OF THESE CREDITORS:

Citibank, Discover or Bank of America? (Are you sure?)

JANUARY 2010 UPDATE: Target and Kohl’s have both become highly aggressive. Your program must account for the higher cost and possibleness of lawsuits to be successful. Only work with pros who require creditor info from current affirmations for quotes, and pass the tests below…

BUYER BEWARE:

If you receive quotes from any individual who does NOT ask you who your creditors are, you better RUN!

With so a good deal of people in a financial hardship these days, a good deal of unscrupulous, without being made adept by training or ignorant humans are jumping onto the debt settlement bandwagon… regrettably this could mean big trouble for you!

Did you know Citibank, Discover and Bank of America are much more likely to file a lawsuit versus you if you make the fault of enrolling into a bad program over 24-30 months. Or, in a great deal of cases, even if it’s longer than 12 months?

It all depends on how much debt you have with “aggressive creditors” like Citibank, Discover and Bank of America.

You may have accounts masked as other creditors, but and are in truth owned by these same nasty creditors, like…

* AT&T Universal (Citibank)

* Most gas cards (Exxon, BP, Citgo, Chevron… ALL Citibank)

* Sears (Citibank)

* Sometimes Lowes & Sams (Discover)

* FIA (Bank of America)

* Plus a lot of more mutual names you might recognise all too well, but didn’t recognise were ticking time bombs in your financial plan.

In fact, if you have too much debt with Citibank, Discover or Bank of America, then debt settlement MIGHT NOT WORK for you at all!

JANUARY 2010 UPDATE: Citibank has not so long ago become much having little impact to deal with, settling account for much less and backing off on legal action. In fact, galore creditors are softening. I believe this is due to the economy. Creditors want something rather of nothing, ASAP. This is GOOD NEWS for you!

These rough economic times are in truth the very best time for you to get out of debt for as little as possible, AS SOON AS POSSIBLE! A friend of mine not long ago had $75,000.00 of his personal credit card debt with Bank of America settled for only 10% ($7,500.00).

Take vantage now if you’ve been affected by the economy and are engaged in a struggle with severe debt.

What if you enrolled in one of these debt settlement program who DID NOT account for these “aggressive creditors” (like most debt settlement companies offer today)?

If you’re like one of the some clients I’ve attempted to help when they came to me after dropping out of one of the a good deal of bad debt settlement programs like this, then you too would just get ripped off and left to deal with nasty creditors on your own.

You’d be a year or two into a program that was destined to fail from the start, with a LOT more debt (higher balances due to interest and fees piling up), “a whole bunch of nothing” for a lot of cash salaried in fees to an unsusceptible debt settlement company with a long list of complaints… and your accounts will be too far gone for a rightful debt settlement company to do anything for you that you could perhaps afford. It normally takes a big LUMP SUM at that point, roughly 65%+ of your total debt, to keep away from bankruptcy or worse…

Watch out for the “smoke and mirrors” most debt settlement companies are attempting to pull these days.

There are in a literal sense thousands of debt settlement firms who have jumped on the bandwagon in just the past couple of years. Most of them have come from failed sub-prime mortgage companies, who were behind the slew of bad loans that helped through our economy into the tailspin we’ve been in.

“Three Rules”…Make That, “Four Rules” To Avoid Costly Debt Settlement Mistakes:

RULE #1. Only get quotes from a debt settlement company who requires statements.

Watch out for high pressure sales humans or slick-sters attempting to trade you on the lowest regularly every month payment without even looking at your specific situation. Steer clear of any company or sales person who attempts to enroll you into a program without covering everything included in the “TASC Standard Disclosure.

RULE #2. Only work with a debt settlement company who has been in business over 5 years.

If 90% of businesses fail in the primary five years, why would you ever trust your financial future with an unproven start out up company? Stay away from commence ups or companies with a “business begin date” listed on their BBB Report less than five years ago. Choose a company with a proven track record over time.

RULE #3. Only work with companies with a clean BBB Reliability Report.

Stay away from companies with a long list of complaints… peculiarly “unresolved” complaints. This is a sure sign they over-promise and deliver poor results, in all likelihood getting their clients sued unnecessarily. You need a company, and a consultant, who will be there for ou all around your program to see to it you are taken care of and successful in your attempts to get out of debt.

Bottom Line: Learn what a “satisfactory record”* with the BBB means and require it from any company you consider trusting with your financial future.

*JANUARY 2010 UPDATE: Because of the galore unscrupulous operators in the industry, as brought up brought up above, the BBB rescinded Membership for a great deal of debt settlement companies in most areas of the country. It’s a case of a few bad apples spoiling the barrel. Few elements of the country still concede membership. In addition to this, the BBB has issued “D” ratings to companies just for being in the debt settlement industry, even with no history of complaints or difficulties with consumers.

There is presently no criteria recognized by the BBB to distinguish good companies from bad, other than the length of time in business and the number of complaints.

* The BBB’s believability has come under mass-scrutiny. The BBB is not a government organization, but private entities who have amassed major influence over buyer buying decisions, but have become unfair and corrupt in their own business dealings.

FreedomDebt.com, for example, was an Accredited Member of the BBB until summer 2008 when the company’s membership was rescinded because of the industry the company is affiliated with in the state of Texas. This, the BBB assured, had not one thing to do with the company, it is performance or service to customers. Maintaining a good reputation and trust with clients since 2002, regularly invited back to news programs and talk shows for live TV consultations all over the country, FreedomDebt.com (Debt Freedom, Inc.) services numerous thousands of clients nationwide, and still maintains an outstanding track record with the BBB (only two resolved complaints in the company’s entire eight-year history).

RULE #4. Only work with a debt settlement law firm beneath a licensed attorney rather of a non-attorney based company.

This is because attorney’s are governed by the BAR Association, not the FTC like non-attorney based companies. Pending FTC regulation is a threat to all non-attorney based comapnies, whereas law firms regulated by the BAR Association will not be affected by this future regulation. For this reason, you will have to only consider working with a rightful debt settlement law firm to refrain from future regulation affecting your financial future.

In 2009, the FTC begun cracking down on the debt settlement industry due to the a good deal of unscrupulous, fly-by-night companies sprouting up in recent years who have taken vantage of buyers for quick profits.

Additionally, with an attorney representing you there are significant vantages in dealing with creditor calls or potential lawsuits far beyond that which a non-attorney based company. With a top debt settlement law firm you may oftentimes obtain better results, lower settlements and dandier savings.

Make No Mistake, Debt Settlement *May* Be the Best Option For YOU (By Far), If You’re Facing Financial Hardship…

…But *only* if it’s a quality program that will work for you, in YOUR SPECIFIC SITUATION, and offered by a trusted representative of the little handful of reputable debt settlement companies.

Of course, receiving personal service and expert noesis are likewise nice, exceptionally in the sea of ignorance and desperation swarming the TV, radio and Internet these days..

REMEMBER: You Can Settle Credit Card Debt Yourself

While there are a good deal of gains to having a professional negotiator or debt settlement lawyers do it for you, you may likewise settle credit card debt yourself.

Being in the debt settlement industry myself for over seven years, working with most of the major players and watching bad companies come and go, I SAW THE NEED FOR THIS DEBT SETTLEMENT WARNING FIRST HAND.

My experiences not only inspired me to write this article, but has likewise driven me to spend the past two years manufacturing and creating a financial education program to help persons like you make your best choice, and keep away from these pricey faults and the desolating aftermaths that follow.

Warning Beware Operator T Shirt Various Image

Warning Beware Operator T Shirt Various Picture

Warning Beware Operator T Shirt Various Image

Warning Beware Operator T Shirt Various Picture