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  1. #1

    Debt Settlement Tips - Where to Find the Top Rated

    Clearing your debt is the safest option you have today. The bankruptcy laws have now changed to benefit creditors. Debt-managing companies are your best bet to clear your debt. You should therefore look for a debt settlement company to clear your debt.
    You need to select the settlement company with care and due caution. In order to find a good debt settlement company you must contact the local Association of Settlement Companies. They will have the details of all debt settlement companies in your area. Only good debt settlement companies who have maintained ethical standards are listed by the association.
    Another option to search for a good settlement company is a network for debt management companies. Debt relief networks provide affiliation to only those companies who have a proven track record and are accredited with the Association of Settlement Companies. Ethical standards of the members are also checked.
    The next step is to locate the debt management company that meets your requirement. The rule here is not to approach any debt-managing company directly. You may end up contacting a dubious company. Therefore, go through the debt relief network.
    Usually settlement companies will not ask you to pay any money before the settlement is reached. You can get 50 percent or even more waiver on your net outstanding debt. The industry norm is the company may ask you to pay an equal percentage of money that you have saved. It may be worthwhile for you to check from your friends if they have gone through a similar process. It is only by going through a debt relief network that you have better prospects of contacting a good management company. Also check the track record of the company before signing up.

    If you are considering getting a debt settlement it would be wise to utilize a debt relief network instead of going directly to a particular debt settlement company. The top debt relief networks only allow debt settlement companies into their network who have a proven record of successfully negotiating debt settlements. They must also pass an ethical standards test to ensure they are properly conducting business. Debt relief networks are the most efficient way in locating the best debt settlement companies.



  2. #2
    Join Date
    Jan 2007
    Location
    Stow, OH SOL III
    Posts
    3,234

    Re: Debt Settlement Tips - Where to Find the Top R

    Well, I have no idea why you posted this in the 'Retail Scams' forum.

    Oh, wait. Silly me, it must be to promote the links in you sig.
    So sorry, my bad. Anyway, let's look at their BBB Report shall we.
    Company Rating F
    Our opinion of what this rating means:
    We strongly question the company’s reliability for reasons such as that they have failed to respond to complaints, their advertising is grossly misleading, they are not in compliance with the law’s licensing or registration requirements, their complaints contain especially serious allegations, or the company’s industry is known for its fraudulent business practices.

    Company Profile
    Consolidebt, LLC
    Address:
    505 North Euclid Street Suite 615
    Anaheim, CA 92801
    Tel: (888) 777-6525
    Fax: (888) 640-2849

    Web Site: http://www.consolidebtllc.com
    Contact: Philip Pane - Vice President
    Business Start Date: 8/4/2008
    Company ID: 100079538
    Nature of Business:

    This company's business is providing debt negotiation and debt consolidation services.

    Complaint Experience
    Bureau Summary and Analysis of customer complaints and company responses:
    Our complaint history for this company shows the company gave proper consideration to complaints presented by the Bureau.

    Complaint Closing Statistics
    The following grid displays the number and responses to complaints over the last 36 months:
    No. of Cmpl Type of Response
    1 Making a full refund, as the consumer requested
    0 Making a partial refund
    1 Agreeing to perform according to their contract
    0 Refusing to make an adjustment
    0 Refuse to adjust, relying on terms of agreement
    0 Unanswered
    0 Unassigned
    2 Total
    And per the WhoIs info the domain was registered on 4AUG2008 and per kepler.sos.ca.gov/cbs.aspx the company was registered on 7AUG2008.

    I also couldn't help but notice this from the website,

    Photobucket

    Given the unique spelling you would think a search of these websites would find these feature articles;
    TIME.com,
    Search Results for 'Consolidebt'

    Your search produced no results.
    Forbes.com,
    Your Search for Consolidebt produced No Results.
    CNN.com,
    Did you mean: consolidate ?
    Kiplinger.com,
    Your search - consolidebt - did not match any documents.
    No pages were found containing "consolidebt".
    USAToday.com,
    Your Search 'Consolidebt'

    No Results Available
    I even tried 'consolidebtllc.com'.

    No wonder the BBB mentions something about, "their advertising is grossly misleading."

    Quote Originally Posted by jossclark66 View Post
    Also check the track record of the company before signing up.
    Good advice, did you follow it?

    EDIT:
    Quote Originally Posted by jossclark66 View Post
    In order to find a good debt settlement company you must contact the local Association of Settlement Companies.
    Again, more good advice. Sadly, tascsite.org (The Association of Settlement Companies) cannot find a membership for 'Consolidebt', 'Consolidebt LLC', or 'consolidebtllc.com' in California.
    Last edited by nomaxim; 08-29-2010 at 10:15 AM.
    Ignorance more frequently begets confidence than does knowledge: it is those who know little, and not those who know much, who so positively assert that this or that problem will never be solved by science. -C. Darwin

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