B-EZ Enterprises Developed a patent pending Method of Internet Debt Settlement in May of 2009 because the inventor was tired of seeing consumers being deceived by debt settlement companies. Now, it seems that the debt settlement is attempting to utilize a very similar technology to in an attempt to mislead consumers.
Earlier this month B-EZ Enterprises noticed a press release from a Florida based marketing company offering self help debt settlement software. After researching the software being offered, their method seemed to infringe on the intellectual property contained in our patent pending method of internet debt settlement. The software once purchased, basically creates a website that’s features all of the embodiments of our provisional patent. The inventor of our patent pending process had several fruitless conversations with one of the principles of the software company. After providing the principle of the company a copy of the provisional patent filed on May 4, 2009, the inventor was referred to the software company’s intellectual property attorney.
After attempting to reach the Florida based software companies attorney without response, the inventor of our patent pending method of internet debt settlement retained legal counsel to assist in in this matter. After retaining one of Arizona’s most experienced Intellectual property law firms the inventor did finally receive a phone call from the software company’s attorney. The conversation with the attorney was very brief and was as well not fruitful in attempting to resolve any infringement matters.
Over the last several years the debt settlement industry has experienced expansion beyond belief. During the current economic downturn the industry has become very savvy in marketing of consumers with clever advertisement. The majority of this advertisement is designed to prey on the fears of financially burdened consumers. Because of this and growing consumer complaints debt settlement industry has also attracted the attention of numerous State Attorney Generals and the Federal Trade Commission. New York Attorney General Andrew Cuomo, Minnesota Attorney General Lori Swanson, Illinois Attorney General Lisa Madigan, Texas Attorney General Greg Abbott, Montana Attorney General Steve Bullock, Vermont Attorney General William Sorrell, Alabama Attorney General Troy King, Colorado Attorney General John Suthers and other State Attorney General’s as well as the Federal Trade Commission have been cracking down on the debt settlement industry to protect consumers.
We believe this is good news for consumers, however, imagine a scenario where a debt settlement companies start doing business as a “Self Help Debt Settlement” or “DIY Debt Settlement” website. These companies already pay extremely high fees for their marketing leads. These leads come from consumers interested in solutions to their financial problems. Consumers see advertisements on television, hear advertisements on radio or fill out forms on the internet. From these leads, one or several debt settlement companies contact the consumer in an attempt to enroll them in their program. The problem we see with this is, after several years a company could have hundreds of thousands of leads including: the consumers name, address phone number as well as email addresses. These leads could be used by an existing company to deceive consumers into believing they are not dealing with an organization they already decided not to do business with, or worse, a company that was shut down could just start a new website and market with these leads and be right back in business.
The website www.2SettleMyDebt.com was designed to truly help consumers negotiate directly with their creditors at the first sign of financial hardship. The website was designed to be a clear choice for consumers to avoid being ripped off by this industry. This Patent Pending Method of Internet Debt Settlement allows a consumer a low cost option to these companies. Once a consumer enrolls for this self help debt settlement website they can enter creditors, make debt reduction or settlement offers to their creditors, generate letters to their creditors and allows creditors to make counter offers via the internet. Once a consumer enrolls they can be assured that their personal information is secure by state of the art encryption to avoid disclosure to anyone but the consumer.
Consumers beware: if you are offered enrollment to a self help debt settlement website that is not ours, you could be dealing with a debt settlement company without your knowledge.
Here are seven ways can a consumer spot these websites?
1. These websites will have you fill out a form for more information just like most industry websites.
2. These websites at present do not disclose the cost of enrollment just like most industry websites.
3. These websites all utilizes the same type of verbiage and spotlight the same software.
4. These websites will all have different sales pitches, however, if you are quoted a tiered or excessive fee for enrollment be suspicious.
5. If you are speaking with a live person after providing information from a contact form this should be your biggest clue. It’s probably not a self help website.
6. If the website states that they are a member of a National organization of industry professionals; stay away!
7. Finally ask the company if they have licensed the utilized for internet debt settlement from B-EZ Enterprises. If they advise you they have, ask for proof.
Visit our website http://www.2SettleMyDebt.com for more information about our services!
Saturday, April 17, 2010
Saturday, March 20, 2010
Self Help Debt Settlement vs. Debt Settlement Companies and Consumer Credit Agencies
Do It Yourself Debt Settlement or Do It Yourself Debt reduction are viable alternative to resolving your debt. The dirty little secret Debt Settlement Companies and Consumer Credit Agencies do not want you to know is: They can make thousands of dollars for a service that you can accomplish yourself. Hiring either a debt settlement company or a Consumer Credit Agency is like hiring someone to tie your shoes.
Once you have decided to Do It Yourself, you must make an unyielding commitment to the process. It is essential that you understand that your creditors, in almost every case, will not even discuss settlements if you are currently paying them. Once you stop paying your creditors, the debt settlement process begins. The creditor is going to start escalating their collection processes in an attempt to mitigate their financial losses. Your creditors will start calling you to bring your account current. Do not avoid these phone calls; these calls are your opportunities to advise your creditors of your intentions and initiate the negotiation process.
Consumer Credit Agencies do in fact have existing relationships with most creditors, however, what they fail to disclose is the fact that they receive payments from your creditors known as “fair share contributions”. These payments average about 8% of each payment you make to your creditor. In fairness we must advise you this payment is made to the Consumer Credit Agency directly from the creditor.
Now you have to ask yourself one question; if the creditor made the payment to the Consumer Credit Agency and not the consumer, isn’t the creditor losing money? Well it would seem so! But in point of fact, the creditor is making money! How you ask? It’s simple; when Consumer Credit Agencies contact your creditors, they negotiate a reduction of interest from that point on. These reduced interest rates vary in most cases from 10% to 14% instead of the rate you were paying. This means your creditor is still making 2-6% interest after paying the “fair share contribution” to the Consumer Credit Agency.
Debt Settlement Companies make claims that if you make them monthly payments your debt will be resolved within 24, 36 or 48 months. The payment amount seems to be reasonable to most people. A basic rule of thumb should apply to the above: If it seems too good to be true, it probably is! What the debt settlement companies forget to advise their clients (or hide it in the fine print of the contract), is that they take the first several payments to cover their sign up fees.
Most people who enroll with Debt Settlement Companies are under the assumption that the creditors have working relationships with the Debt Settlement Company. This is a false assumption; in point of fact, they have an adversarial relationship at best. This adversarial relationship impedes as well as prolongs the debt negotiation process.
The fact that you are willing to discuss your intentions with your creditors is to your advantage. By attempting to negotiate terms or settle your existing debt at an early stage will save you money. This along with the fact that you will save thousands of dollars by not hiring a debt settlement company, or a Consumer Credit Agency, will assist you in resolving your debt months, if not years earlier.
Visit our website http://www.2SettleMyDebt.com for more information about our services!
Once you have decided to Do It Yourself, you must make an unyielding commitment to the process. It is essential that you understand that your creditors, in almost every case, will not even discuss settlements if you are currently paying them. Once you stop paying your creditors, the debt settlement process begins. The creditor is going to start escalating their collection processes in an attempt to mitigate their financial losses. Your creditors will start calling you to bring your account current. Do not avoid these phone calls; these calls are your opportunities to advise your creditors of your intentions and initiate the negotiation process.
Consumer Credit Agencies do in fact have existing relationships with most creditors, however, what they fail to disclose is the fact that they receive payments from your creditors known as “fair share contributions”. These payments average about 8% of each payment you make to your creditor. In fairness we must advise you this payment is made to the Consumer Credit Agency directly from the creditor.
Now you have to ask yourself one question; if the creditor made the payment to the Consumer Credit Agency and not the consumer, isn’t the creditor losing money? Well it would seem so! But in point of fact, the creditor is making money! How you ask? It’s simple; when Consumer Credit Agencies contact your creditors, they negotiate a reduction of interest from that point on. These reduced interest rates vary in most cases from 10% to 14% instead of the rate you were paying. This means your creditor is still making 2-6% interest after paying the “fair share contribution” to the Consumer Credit Agency.
Debt Settlement Companies make claims that if you make them monthly payments your debt will be resolved within 24, 36 or 48 months. The payment amount seems to be reasonable to most people. A basic rule of thumb should apply to the above: If it seems too good to be true, it probably is! What the debt settlement companies forget to advise their clients (or hide it in the fine print of the contract), is that they take the first several payments to cover their sign up fees.
Most people who enroll with Debt Settlement Companies are under the assumption that the creditors have working relationships with the Debt Settlement Company. This is a false assumption; in point of fact, they have an adversarial relationship at best. This adversarial relationship impedes as well as prolongs the debt negotiation process.
The fact that you are willing to discuss your intentions with your creditors is to your advantage. By attempting to negotiate terms or settle your existing debt at an early stage will save you money. This along with the fact that you will save thousands of dollars by not hiring a debt settlement company, or a Consumer Credit Agency, will assist you in resolving your debt months, if not years earlier.
Visit our website http://www.2SettleMyDebt.com for more information about our services!
Sunday, August 23, 2009
Debt Settlement Companies Using Deceptive Tactics to Entice Consumers?
Do Debt Settlement Companies use deceptive tactics to entice you into signing up for their services? We don’t know if they do or not, you can be the judge as to the legitimacy of this blog post! The following post was made on our blog today:
Jennifer said...
Hi,I used ”Credit Solution” to settle my debt and avoid bankruptcy. They managed to reduce my debt up to 58% and improve my credit score. It's legitimate . I came across this company on NBC News Special Edition. Check it out here:http://creditsolution.com/
So to find out if Jennifer’s claims are true, we have drafted an open letter to Jennifer on our Blog to find out more. Our open letter to Jennifer is below:
Dear Jennifer,
This was a very informative post on our blog, http://2settlemydebt.blogspot.com/2009/08/self-help-debt-settlement-creditors-no.html?showComment=1251050331139#c4310639803881860448 today. I was wondering if you could elaborate more for the readers of this blog how the company Credit Solution helped you. Could you also provide copies of settlement letters you received from your creditors? I am sure the people who read this blog would love to have some proof of how much money you saved. If you could provide proof of your claims, I am positive you would also be happy to sign a release under privacy laws to verify your claims with your creditors.
If you do provide verified proof via email, or a hyperlink on the internet, we will be happy to verify these claims with your creditors and bolster your contentions on the following webpage http://www.2SettleMyDebt.com/Jennifers-credit-solution-story.htm.
Visit our website http://www.2SettleMyDebt.com for more information about our services!
Thank you in advance
Ian Stanton
Director of Marketing
2SettleMyDebt.com
Jennifer said...
Hi,I used ”Credit Solution” to settle my debt and avoid bankruptcy. They managed to reduce my debt up to 58% and improve my credit score. It's legitimate . I came across this company on NBC News Special Edition. Check it out here:http://creditsolution.com/
So to find out if Jennifer’s claims are true, we have drafted an open letter to Jennifer on our Blog to find out more. Our open letter to Jennifer is below:
Dear Jennifer,
This was a very informative post on our blog, http://2settlemydebt.blogspot.com/2009/08/self-help-debt-settlement-creditors-no.html?showComment=1251050331139#c4310639803881860448 today. I was wondering if you could elaborate more for the readers of this blog how the company Credit Solution helped you. Could you also provide copies of settlement letters you received from your creditors? I am sure the people who read this blog would love to have some proof of how much money you saved. If you could provide proof of your claims, I am positive you would also be happy to sign a release under privacy laws to verify your claims with your creditors.
If you do provide verified proof via email, or a hyperlink on the internet, we will be happy to verify these claims with your creditors and bolster your contentions on the following webpage http://www.2SettleMyDebt.com/Jennifers-credit-solution-story.htm.
Visit our website http://www.2SettleMyDebt.com for more information about our services!
Thank you in advance
Ian Stanton
Director of Marketing
2SettleMyDebt.com
Monday, August 3, 2009
Self Help Debt Settlement – Creditors No Longer Working With Debt Settlement Companies?
Several major creditors have implemented programs aimed at debt settlement companies in an attempt to reduce losses. The current trend is expected to grow over the next several months as creditors stop negotiating with debt settlement companies.
Over the last year, debt settlement companies have increased their aggressive marketing of consumers to enroll for their services. Their marketing tactics seem to prey on the fears of consumers, or make misleading statements to entice consumers to enroll for their services. This is a trend that several State Attorney Generals have not been able to ignore, to the dismay of the entire debt settlement industry.
If you are a consumer who is experiencing financial hardship and have heard the advertisements that make claims like:
“We use insider secrets your creditors don’t want you to know about!”
“Banks have already received their bailouts, now it’s your turn”
These and other like minded statements used in debt settlement companies’ advertisements are at best to be regarded with a high level of suspicion.
Consumers who have already hired a debt settlement company could be causing themselves additional expenses due to this trend. Since January 2009, two (2) of the top five (5) credit card issuers (Chase, Bank of America, Citi Bank, American Express and Capitol One) have already stopped dealing with debt settlement companies in general. Our sources indicate this trend does not mean that creditors are not willing to negotiate with consumers directly. The trend seems targeted specifically at debt settlement companies, due to that methods and tactics they utilize.
2SettleMyDebt.com believes this is good news for consumers who are savvy in basic negotiation strategy. By negotiating directly with creditors you will save money if you understand how the debt negotiation process works. Utilizing a “Work with you creditors approach”, self help debt settlement is not a difficult process.
2SettleMyDebt.com provides their users with secure internet access to “user specific databases” and preformatted letters that assist individuals in negotiating directly with their creditors. The website also provides the users to choose either debt reduction or debt settlement programs. Both programs are fully explained and facilitated by their Patent Pending method of debt negotiation.
Once a consumer signs up for their self help debt negotiation web based program they have secure individual access to the databases, video tutorials, explanations of both the debt settlement and debt reduction methods. We also provide the users a complimentary copy of a Do It Yourself Debt Settlement eBook written by Madeline Lee. This eBook was written by a woman who researched the internet then settled her debts without the use a debt settlement company. This saved her thousands of dollars because she was able to control the negotiations with her creditors.
Madeline Lees website states: “This is an ingenious new completely out of the box method of stepping you through the actual process. This method will help you through the confusion of which letter to send and when, Starting with the initial hardship letters and then provide an ongoing space for you to enter all your creditors information for each outstanding debt, and then be able to monitor them. By going through this secure confidential process, you have a direct communication path open to the creditors/collectors, thereby eliminating the anger and frustrations both parties go through. It truly is ingenious and along with my book, and utilizing you have everything you need to tackle your unsecured debt head on”.
DIY Debt settlement is not that difficult if you have the knowledge and the tools you need. We provide our subscribers with both the knowledge and tools to successfully negotiate directly with their creditors. To see a video demonstration of the process utilized visit for more information on our Patent Pending Method of debt reduction visit our website.
Ian Stanton
Director of Marketing B-EZ Enterprises
(480) 278-3717
email media@2settlemydebt.com
website http://www.2settlemydebt.com/
Over the last year, debt settlement companies have increased their aggressive marketing of consumers to enroll for their services. Their marketing tactics seem to prey on the fears of consumers, or make misleading statements to entice consumers to enroll for their services. This is a trend that several State Attorney Generals have not been able to ignore, to the dismay of the entire debt settlement industry.
If you are a consumer who is experiencing financial hardship and have heard the advertisements that make claims like:
“We use insider secrets your creditors don’t want you to know about!”
“Banks have already received their bailouts, now it’s your turn”
These and other like minded statements used in debt settlement companies’ advertisements are at best to be regarded with a high level of suspicion.
Consumers who have already hired a debt settlement company could be causing themselves additional expenses due to this trend. Since January 2009, two (2) of the top five (5) credit card issuers (Chase, Bank of America, Citi Bank, American Express and Capitol One) have already stopped dealing with debt settlement companies in general. Our sources indicate this trend does not mean that creditors are not willing to negotiate with consumers directly. The trend seems targeted specifically at debt settlement companies, due to that methods and tactics they utilize.
2SettleMyDebt.com believes this is good news for consumers who are savvy in basic negotiation strategy. By negotiating directly with creditors you will save money if you understand how the debt negotiation process works. Utilizing a “Work with you creditors approach”, self help debt settlement is not a difficult process.
2SettleMyDebt.com provides their users with secure internet access to “user specific databases” and preformatted letters that assist individuals in negotiating directly with their creditors. The website also provides the users to choose either debt reduction or debt settlement programs. Both programs are fully explained and facilitated by their Patent Pending method of debt negotiation.
Once a consumer signs up for their self help debt negotiation web based program they have secure individual access to the databases, video tutorials, explanations of both the debt settlement and debt reduction methods. We also provide the users a complimentary copy of a Do It Yourself Debt Settlement eBook written by Madeline Lee. This eBook was written by a woman who researched the internet then settled her debts without the use a debt settlement company. This saved her thousands of dollars because she was able to control the negotiations with her creditors.
Madeline Lees website states: “This is an ingenious new completely out of the box method of stepping you through the actual process. This method will help you through the confusion of which letter to send and when, Starting with the initial hardship letters and then provide an ongoing space for you to enter all your creditors information for each outstanding debt, and then be able to monitor them. By going through this secure confidential process, you have a direct communication path open to the creditors/collectors, thereby eliminating the anger and frustrations both parties go through. It truly is ingenious and along with my book, and utilizing you have everything you need to tackle your unsecured debt head on”.
DIY Debt settlement is not that difficult if you have the knowledge and the tools you need. We provide our subscribers with both the knowledge and tools to successfully negotiate directly with their creditors. To see a video demonstration of the process utilized visit for more information on our Patent Pending Method of debt reduction visit our website.
Ian Stanton
Director of Marketing B-EZ Enterprises
(480) 278-3717
email media@2settlemydebt.com
website http://www.2settlemydebt.com/
Saturday, July 25, 2009
Self Help Debt Settlement is a viable alternative to hiring a debt settlement company
Do It Yourself Debt Settlement also known as Self Help Debt Settlement is a viable alternative to resolving your debt. The dirty little secret Debt Settlement Companies do not want you to know is: They charge you thousands of dollars for a service that you can accomplish yourself. Hiring a debt settlement company is like hiring someone to tie your shoes.
If you are like millions of Americans, you are searching for solutions to your financial problem. With an unemployment rate of 9.7 percent as of June 2009, many economists are concerned that the current trend could have catastrophic implications on the economy as a whole.
The State by State unemployment rates are even more disturbing.
As of May 2009 twelve States have unemployment rates that exceed 10 percent. Of the twelve States four have unemployment that exceeds 12 percent. These States South Carolina and Rhode Island with 12.1 percent, Oregon with 12.4 percent and of course Michigan with an astounding 14.1 percent unemployment is clearly suffering the most.
The above statistics are not good news for the average consumer who is already experiencing financial difficulties. The outlook through the remainder of 2009 and early 2010 does not look encouraging either. In stating this, if you are already considering debt settlement, the question arises; how do I start negotiating with my creditors directly?
The first step to Self Help Debt Settlement is to research the entire process. There are a myriad of websites devoted to the process of debt negotiation. Most of these websites (In the interest of full disclosure, our website as well) are attempting to sell you something. The majority of these websites provide you with information that was gathered from the internet. Individuals can find all of this information on the internet with just a little research.
The next step is to gather all of your monthly bills together and establish a monthly budget. Make a list of your necessary monthly expenses to include your mortgage or rent, car payments, utilities, Insurance, gasoline, food and other household bills. Take this amount and multiply that sum by 1.2; this will give you an additional 20 percent cushion for unexpected expenses or emergencies. The difference between your total household income and the previously calculated amount is your monthly settlement budget.Start setting this amount aside as your settlement fund, as this fund accumulates use this as your benchmark for amounts you offer your creditors.
At this point you need to make an unyielding commitment to the process. It is essential that you understand that your creditors, in almost every case, will not even discuss settlements if you are currently paying them. Once you stop paying your creditors, the debt settlement process begins. The creditor is going to start escalating their collection processes in an attempt to mitigate their financial losses. Your creditors will start calling you to bring your account current. Do not avoid these phone calls; these calls are your opportunities to advise your creditors of your intentions and initiate the negotiation process.
When you are negotiating settlements with your creditors it is always in your best interest to offer settlements in one lump sum payments. If you have access to immediate cash, this is the best time to use it. Creditors are also experiencing financial difficulties in these trying economic times. If you decide to utilize investments (401k, Stocks, Bonds, IRA's and like investments) to settle your debt, seek the guidance of an experienced accountant first. The question you should ask any accountant is: Will I save money in the long term by utilizing these funds. Remember, your investments at best are generating 10 -12 percent interest. Your creditors are most likely charging you 2 - 2.5 times this amount in interest on your outstanding balance.
Now that we have described the basics, is it any wonder why Debt Settlement Companies are flooding the airwaves (both television and radio) with their commercials. These Settlement companies are preying on your fears and lack of knowledge with commercials that make it sound like they are doing something special. The fact is (as several State Attorney Generals have recently stated) several settlement companies are making promises they cannot, or never intended to keep just to separate you from your money.
The Debt Settlement Industry utilizes the basic method described earlier in this article to settle the majority of debts. The majority of these settlement companies make consumers believe that they utilize "secret programs your creditors don't want you to know about". This and other like minded statements could not be further from the truth.
Debt Settlement Companies make claims that if you make them monthly payments your debt will be resolved with in 24, 36 or 48 months. The payment amount seems to be reasonable to most people. A basic rule of thumb should apply to the above: If it seems too good to be true, it probably is! What the debt settlement companies forget to advise their clients (or hide it in the fine print of the contract), is that they take the first several payments to cover their sign up fees.
Most people who enroll with Debt Settlement Companies are under the assumption that the creditors have working relationships with the Debt Settlement Company. This is a false assumption; in point of fact, they have an adversarial relationship at best. This adversarial relationship impedes as well as prolongs the debt negotiation process.
If you have read this article up to this point, you are clearly interested in settling or negotiating your debt. By now you have already started researching how the process of debt settlement works. We would like invite you to visit our website http://www.2settlemydebt.com/ for more information on our services. We have developed a self help debt settlement module that is Patent Pending as to the method utilized. We provide secure internet access to "user specific databases" and preformatted letters that assist individuals in negotiating directly with their creditors. The website also provides the users to choose either debt reduction or debt settlement programs.
Ian Stanton
Director of Marketing
B-EZ Enterprises
(480) 278-3717
email media@2settlemydebt.com
website http://www.2settlemydebt.com/
If you are like millions of Americans, you are searching for solutions to your financial problem. With an unemployment rate of 9.7 percent as of June 2009, many economists are concerned that the current trend could have catastrophic implications on the economy as a whole.
The State by State unemployment rates are even more disturbing.
As of May 2009 twelve States have unemployment rates that exceed 10 percent. Of the twelve States four have unemployment that exceeds 12 percent. These States South Carolina and Rhode Island with 12.1 percent, Oregon with 12.4 percent and of course Michigan with an astounding 14.1 percent unemployment is clearly suffering the most.
The above statistics are not good news for the average consumer who is already experiencing financial difficulties. The outlook through the remainder of 2009 and early 2010 does not look encouraging either. In stating this, if you are already considering debt settlement, the question arises; how do I start negotiating with my creditors directly?
The first step to Self Help Debt Settlement is to research the entire process. There are a myriad of websites devoted to the process of debt negotiation. Most of these websites (In the interest of full disclosure, our website as well) are attempting to sell you something. The majority of these websites provide you with information that was gathered from the internet. Individuals can find all of this information on the internet with just a little research.
The next step is to gather all of your monthly bills together and establish a monthly budget. Make a list of your necessary monthly expenses to include your mortgage or rent, car payments, utilities, Insurance, gasoline, food and other household bills. Take this amount and multiply that sum by 1.2; this will give you an additional 20 percent cushion for unexpected expenses or emergencies. The difference between your total household income and the previously calculated amount is your monthly settlement budget.Start setting this amount aside as your settlement fund, as this fund accumulates use this as your benchmark for amounts you offer your creditors.
At this point you need to make an unyielding commitment to the process. It is essential that you understand that your creditors, in almost every case, will not even discuss settlements if you are currently paying them. Once you stop paying your creditors, the debt settlement process begins. The creditor is going to start escalating their collection processes in an attempt to mitigate their financial losses. Your creditors will start calling you to bring your account current. Do not avoid these phone calls; these calls are your opportunities to advise your creditors of your intentions and initiate the negotiation process.
When you are negotiating settlements with your creditors it is always in your best interest to offer settlements in one lump sum payments. If you have access to immediate cash, this is the best time to use it. Creditors are also experiencing financial difficulties in these trying economic times. If you decide to utilize investments (401k, Stocks, Bonds, IRA's and like investments) to settle your debt, seek the guidance of an experienced accountant first. The question you should ask any accountant is: Will I save money in the long term by utilizing these funds. Remember, your investments at best are generating 10 -12 percent interest. Your creditors are most likely charging you 2 - 2.5 times this amount in interest on your outstanding balance.
Now that we have described the basics, is it any wonder why Debt Settlement Companies are flooding the airwaves (both television and radio) with their commercials. These Settlement companies are preying on your fears and lack of knowledge with commercials that make it sound like they are doing something special. The fact is (as several State Attorney Generals have recently stated) several settlement companies are making promises they cannot, or never intended to keep just to separate you from your money.
The Debt Settlement Industry utilizes the basic method described earlier in this article to settle the majority of debts. The majority of these settlement companies make consumers believe that they utilize "secret programs your creditors don't want you to know about". This and other like minded statements could not be further from the truth.
Debt Settlement Companies make claims that if you make them monthly payments your debt will be resolved with in 24, 36 or 48 months. The payment amount seems to be reasonable to most people. A basic rule of thumb should apply to the above: If it seems too good to be true, it probably is! What the debt settlement companies forget to advise their clients (or hide it in the fine print of the contract), is that they take the first several payments to cover their sign up fees.
Most people who enroll with Debt Settlement Companies are under the assumption that the creditors have working relationships with the Debt Settlement Company. This is a false assumption; in point of fact, they have an adversarial relationship at best. This adversarial relationship impedes as well as prolongs the debt negotiation process.
If you have read this article up to this point, you are clearly interested in settling or negotiating your debt. By now you have already started researching how the process of debt settlement works. We would like invite you to visit our website http://www.2settlemydebt.com/ for more information on our services. We have developed a self help debt settlement module that is Patent Pending as to the method utilized. We provide secure internet access to "user specific databases" and preformatted letters that assist individuals in negotiating directly with their creditors. The website also provides the users to choose either debt reduction or debt settlement programs.
Ian Stanton
Director of Marketing
B-EZ Enterprises
(480) 278-3717
email media@2settlemydebt.com
website http://www.2settlemydebt.com/
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