Anonymous Posted July 2, 2002 Report Share Posted July 2, 2002 HiI was considering going with a debt settlement company that is know as "Harrison Financial" in california. I was just wondering if anyone had any positive/negative experiences with them and what your feelings were in regard to a debt settlement company. Basically, I pay them a set up and maintenance fee and send them money to build up my trust account so they can then settle my debt for me. Good idea/bad idea? Any help would be greatly appreciated.Thanks Link to comment Share on other sites More sharing options...
admin Posted July 2, 2002 Report Share Posted July 2, 2002 These are just debt consolidation companies, but at least they tell you up front how much extra you get to pay to get to pay less on your debts. Make sense??? Prolly not a good idea, but I have not heard anything at all about them. Link to comment Share on other sites More sharing options...
Anonymous Posted July 17, 2002 Author Report Share Posted July 17, 2002 Debt consolodiation companies are not worth it. Call the creditor directly, tell them you want to pay them & explain your situation. CLose the account and work something out with them, if no go, then try a loan, even with a high interest, the responsibility lies on you to make the payment and not a 3rd party. My boyfriend tried NCRC out of Florida (Nat'l consumer credit co) listed on this site and they are totally ignorant and never make payments on time so I am not wasting anymore time calling them and paying directly to the creditor. AVOID debt consolidation! Link to comment Share on other sites More sharing options...
frencheese Posted July 22, 2002 Report Share Posted July 22, 2002 if you want to settle some debts you might try lexington law. they are an actual law firm specializing in credit repair not just a company saying they can repair your credit (of course everytime you're on the phone with them you're not necessarily talking to a lawyer, it's just run by lawyers).they have a program where they can settle your debts for you. the price is 20% of the amount saved. i think they said their average settlement was at about 45%. of course you would also have to let them repair your credit at $35 a month.i set my boyfriend up with them (after dealing with my credit no way do i want to do his if I don't have to). i figure i'll take care of whatever they can't get off.briana Link to comment Share on other sites More sharing options...
Anonymous Posted July 22, 2002 Author Report Share Posted July 22, 2002 Briana,Do you know if you can just hire Lexington to clean up your credit for $35 a month or are you pressured to let them settle your debts also? I tried to get this information from them before and I couldn't pin them down on a price...I am also thinking that it makes sense to have them clean up my husband's report since I have my hands full with my own report. But I don't want to pay a fortune. TIA! Link to comment Share on other sites More sharing options...
ALF Posted July 22, 2002 Report Share Posted July 22, 2002 I am with them now and no they do not pressure you to go settlement. I decided to do it for a judgment and they were able to settle it for about 58% of what it would have cost me. Debt settlement costs you 20% of the difference that they save you. For example if you owe $1000 and they are able to settle for $500, then you pay them $100. (1000-500 = 500 *20% = 100). So the total that you would pay is $600 which is still less than you would have paid! But to answer your other question, you can have them dispute or you can have them try debt settlement for you or do both - with no pressure.Aleta Link to comment Share on other sites More sharing options...
Anonymous Posted July 23, 2002 Author Report Share Posted July 23, 2002 Aleta,Thanks, that is excatly what I was wondering. Link to comment Share on other sites More sharing options...
sisflomi Posted August 8, 2003 Report Share Posted August 8, 2003 Big link about lexingtion at creditreportrights.comHas a lot of pros and cons. Link to comment Share on other sites More sharing options...
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