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10,000+ settlements?


djmacc
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1) They're a scam and don't do anything you really can't do yourself.

2) It's likely that they make money based on what they save you - and they want you to have MORE debt to reduce so that they can make more money. They likely don't make enough profit on a few hundred dollars worth of debt for the work that is done so they only take accounts that can be made profitable.

3) the larger the debt, the more room you have to negotiate. You're more likely to talk 10k of debt down than you are $600.

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The advantage is that they get a bigger fee. 18% of 10K is a nicer fee than 18% of 1K. The work is exactly the same.

You can negotiate your own debts. I have a friend who recently negotiated a number of his debts with the primary creditors down to 30% of what was owed.

These companies are generally seen as scams.

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