You Should Be Cautious About Debt Settlement Companies
DON’T RISK BEING SCAMMED! Hiring a debt settlement company can be RISKY. Some are reputable and legitimate, but unfortunately this industry is rife with companies that are unscrupulous and dishonest. It is difficult, if not impossible, to tell the difference; that is, until it is TOO LATE!
These companies use false advertising, make misrepresentations to their clients and potential clients, exaggerate what they can do, don’t make full disclosure, impose hidden assessments, and charge outrageous fees and costs. Some have been known to take clients’ money, perform no services, then file for bankruptcy or simply disappear. THEY TAKE EXCLUSIVE POSSESSION AND CONTROL OF YOUR DEBT SETTLEMENT FUNDS by requiring you to send them your settlement money for them to deposit in their “trust” account. They are free to take whatever withdraws from your funds they want. For you, THIS IS INDEED A RISKY AND FOOLHARDY STRATEGY. Many are UNLICENSED and UNREGULATED. Merely because a debt settlement company does a lot of advertising or is prominently displayed with multiple listings on the internet is no assurance that it is honest and legitimate. Holding a membership in the Better Business Bureau, Chamber of Commerce, Dun & Bradstreet or other trade organizations is no guarantee of honesty and integrity. Membership in most of these organizations is as simple as paying a membership fee.
In an effort to protect consumers, some states have BANNED non-attorney companies and agencies from doing business in their states. This is one of the reasons that in many debt settlement ads you will see, “Not available in all “states”. In those states where these companies are permitted to operate, many ’states’ Attorneys General and other consumer protection agencies are inundated with complaints from consumers who have fallen victim to debt settlement companies. Regardless of what they say, many debt settlement companies SELL CONFIDENTAL INFORMATION to other companies. With us you can be confident that your confidential information and your privacy will be protected.
Since an Attorney-Client relationship will exist, you are entitled and will get total confidentiality. We will not share your information with anyone who is not part of your debt settlement process. As Attorneys, for us to do so is both unethical and illegal.
Why worry about the honesty and integrity of a debt settlement company when you can get debt relief help from professional, licensed, qualified, and regulated attorneys who have a legal and ethical obligation to represent you honestly, fairly, and competently?
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