More details to this question:
I have been contacting to a company about my unsecured debts. They sent me a few options to fix my situation through an attorney. In the beginning it was a good idea, however a few friends told me"these isn't true", "It's a scam". I'm concerned about these situations because I would like to fix it asap.
10 ANSWERS
Debtor's Rights Attorney serving Atlanta, GA
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Theodore N. Stapleton, P.C.
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You must be wary of "credit counselors" who say send them money and they will work out payments with creditors. You are better off sending the money to creditors yourself.
Answered on Sep 06th, 2011 at 9:51 AM
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You should visit with a Bankruptcy Attorney to discuss these issues. You didnt provide sufficient details for me to answer your question. Keep in mind that your friends are neither attorneys nor experts in anything other than being your friend. Just because they say something is bad, doesnt mean that it is bad. Nor is it necessarily good.
Answered on Sep 06th, 2011 at 9:11 AM
File for bankruptcy and get rid of it if you qualify.
Answered on Sep 03rd, 2011 at 6:39 PM
Bankruptcy Attorney serving Hayward, CA
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Carballo Law Offices
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Most, if no all, debt negotiation programs you see advertising on TV and publications are not good for you because they charge too much and don't pay your debts until they get paid first (although the government now limits that) and don't pay any debts until they have accumulated sufficient funds to settle each account. While the funds accumulate the bank gets tired of waiting and sues you. Also, there is no guarantee that the banks will accept what the programs represent to you will be accepted and some of those companies have disappeared with the money. Therefore, bankruptcy is usually a better choice to discharge all the unsecured debts such as credit card bills, medical bills, balances of repossessed vehicles and second loans after foreclosures. Talk to a bankruptcy attorney about that option to see if that would be better for you. There are legitimate debt negotiation companies where the fee is small because the companies are subsidized by the creditors and they can reduce the interest and eliminate late charges but you will pay the entire amount owed over a number of years. Banks participating in the consolidation program will not bother you while you are paying since they are members of the consolidation program (and pay some of the bills of the consolidation companies).
Answered on Sep 02nd, 2011 at 7:55 PM
Bankruptcy Attorney serving Concord, CA
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William Rubendall Attorney at Law
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To avoid bankruptcy and to set up a payment plan for consumer debts you should contact a legitimate company. Unfortunately, there are many companies that are scams or that misrepresent what they can do. One company that is ethical is MMI or Money Management International. Consult your phone directory or the Internet for a local office.
Answered on Sep 02nd, 2011 at 7:45 PM
Spencer Hale
Well, you have a few options on what to do with unsecured debts. Among those options are debt settlement and bankruptcy.
Answered on Sep 02nd, 2011 at 7:24 PM
Glen Edward Ashman
Almost every debt "resolution" program is a scam. See a real bankruptcy lawyer who will discuss real options you may have. The odds are you will see your money stolen with no recourse.
Answered on Sep 02nd, 2011 at 5:24 PM
Bankruptcy Attorney serving Herndon, VA
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Maureen O'Malley
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They're right about these places being scams. Pay a good lawyer instead and file bankruptcy.
Answered on Sep 02nd, 2011 at 5:18 PM
Bankruptcy Attorney serving Seattle, WA
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Symmes Law Group, PLLC
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A bankruptcy will most likely discharge all of your unsecured debts and allow you to start fresh.
Answered on Sep 02nd, 2011 at 4:49 PM
Bankruptcy Attorney serving Livonia, MI
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Charles J. Schneider, P.C.
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File a bankruptcy if you qualify.
Answered on Sep 02nd, 2011 at 4:30 PM