In general I don't like the way they operate. You receive notification that "after extensive…read morenegotiations a settlement amount is being offered.". That usually translates for you to expect them to tell you you have to put x amount of dollars into your account.
In my case, they resolved to pay off the amount owed, that they negotiated down after months of you not making payments to some creditor, your credit score damaged and them fudging the numbers to reflect how much they saved you, which isn't much because they took so much in fees.
That could have been better articulated but it sums it up pretty well. Also in my case, a second debt was quickly resolved. "Oh my! Look how good your doing!!! They basically proclaim.
But now things are beginning to gel and in my case, most people would be heading for serious trouble. Most people would have a lot to worry about. They're going for your throat now, but more specifically trying to get you into having to file for bankruptcy WHICH they just so happen to have the connections to"help" you with. More like help their selves take everything you own, as well as get you into debt with them by, for example, taking out a loan, essentially from them or a partner.
In my opinion, these people are filthy. I monitor everything closely. Fortunately, I only signed up to have four debts settled. I answered a summons from the court personally from a creditor who was suing me. Good thing I did too. It was at that time I learned I had been assigned an attorney to represent me.
Why they assigned an out of state tax attorney is unfolding now.
Whatever you do, DON'T let them persuade you to add another credit card or loan to your account should you take on the daunting task in the first place of debt settlement.
Chances are you WILL - be - sorry. I have one outstanding account to be negotiated. I learned a lot about how they negotiate by having answered the summons that I was being sued. ClearOne settles by getting the debt repaid QUICKLY. NOT to your advantage or as is the case in my own experience.
Believe me. Most people will find their way in a tremendous amount of trouble in a situation similar to mine. After they let you see how well you're doing so-far, they will encourage you to add more accounts to be negotiated. DO NOT DO THAT. YOU WILL BE SORRY.
I am feeling very smart and wise right now but still I am not going to get too comfortable here basking in glory or something.
Those people out of the blue wanted me to put $6,000 into my account, pay just $350 or so for x amount of months OR, take out a loan through one of their partners (who also specialize I Bankruptcy, among other things.)
You don't want this! Again, I have one outstanding debt to be negotiated. That account has been written off as a bad debt, but it still has to be paid long story short.
The $6,000 fiasco is under control but only because I got it under control personally by having answered that summons. It got them scrambling and still they're Legal Club is trailing behind having sent me notification it would be a good idea to put money in the account. It's taken care of now. $180 a month for x months then $200 for x months then $180 until July 2027.
Still with their fees, it came out to pretty much what I owed the creditor in the first place except ClearOne and Global Holdings received what the creditor didn't get.
As for that last account to be negotiated, the one that was written off as a bad debt (but still has to be paid). I still have to pay Global Holdings LLC through or in tandem with ClearOne Advantage until the end of 2029.
This was not dumb luck that I am in the position now I am in rather than the one they were aiming for. If you must seek financial assistance, try an organization sponsored by local organizations designed to help you locally.
If you must however, stay on top of these people. Take nothing for granted as they are out for their interests, not yours. That's my opinion based on my personal experience.
Two stars because I feel generous right now and the company isn't completely void of good employees.
I do not recommend signing up for a Debt Settlement but if you insist, I am not certain other companies will be much different.
Would I do this again? Though it's been an adventure and learning experience in the world of personal debt management, if you read through this you know my answer is not a positive one.
What could improve though you might wonder. Transparency from their people who call you to let you know a settlement has been reached requiring your authorization.
You need to find out what the terms are. They won't tell you, I am pretty sure. I easily recall a lot of beating around the bush regarding many things.
Also communication from their legal team when you need it and chances are you will, Don't do this. In most cases for the general public, You'll be sorry.