Are debt relief companies legal?

Almost all states regulate debt relief companies, and some states prohibit debt settlement companies from doing business. These state laws usually don’t apply to lawyers and nonprofit organizations. State laws that regulate debt relief services often: limit the fees that companies can charge.

Is there a company called Debt Solutions?

About Debt Solutions We are a private company offering debt advice and solutions for people in debt. We will talk you through the options available to you. We provide free and confidential advice and assistance with debt repayment plans.

Can collection agencies sue you?

If debt collectors have trouble reaching you and settling the debt, they may legally be able to sue you. Depending on the laws of your state, if you ignore a summons — even if you believe the debt is too old — the debt collector may get a judgment to go after your assets or garnish your wages.

What is the best solution for debt?

There are various options that exist to help you deal with your debt problems. These include bankruptcy, debt relief orders, debt management plans, administration orders, debt consolidation and Individual Voluntary Arrangements (IVAs). We explain how they work and whether they might be right for you.

What are debt relief companies and what do they do?

Debt relief companies are for-profit organizations that help consumers settle their debts for less than what they owe. These companies gear their services to clients who are so overwhelmed with debt that they cannot figure out a solution on their own.

Where can I find convergent debt collection agency partner?

Renton, WA | formerly ER Solutions, Inc. 1.1/5 (81 ratings) 5 stars 0 4 stars 0 3 stars 2 2 stars 3 1 stars 76 Are you this business? Save Saved Live agent Are you this business? Find a Debt Collection Agencies partner

Is there a company that will settle your debt?

While Freedom Debt Relief cannot guarantee it will settle your debts, it claims that many of its clients wind up paying significantly less than the amounts they once owed.

Which is the best company to get out of debt?

National Debt Relief has several examples of massive reductions of credit card balances on their website, showcasing their abilities. National Debt Relief was founded in 2009 with the main mission of helping consumers get out of debt through a reliable debt settlement program.