Comments on: Debt Collection Industry Still #1 Source of Complaints at FTC http://www.zipdebt.com/blog/debt-collection-industry-complaints Straight Talk by Charles Phelan on Debt Settlement & Other Debt Reduction Strategies Thu, 04 Dec 2008 18:39:02 +0000 http://wordpress.org/?v=2.6.1 By: Charles http://www.zipdebt.com/blog/debt-collection-industry-complaints#comment-14963 Charles Mon, 07 May 2007 23:26:38 +0000 http://zipdebt.com/blog/?p=27#comment-14963 Sure, and the consumer will pay fees around 20-25% of their debt for this service. It's great to have a lawyer on your side in certain situations, but it's simply not necessary across the board. Also, if the law firm is based in one state, but the consumer lives in a different state (where the law firm doesn't have a bar license), then this is no different than hiring a regular debt settlement company. Consumers can settle their own accounts and save the steep fees. All that's needed is a little coaching and training. Sure, and the consumer will pay fees around 20-25% of their debt for this service.
It’s great to have a lawyer on your side in certain situations, but it’s
simply not necessary across the board. Also, if the law firm is based in one
state, but the consumer lives in a different state (where the law firm
doesn’t have a bar license), then this is no different than hiring
a regular debt settlement company. Consumers can settle
their own accounts and save the steep fees. All that’s needed is a
little coaching and training.

]]> By: Steve "The Debt Settlement Man" B http://www.zipdebt.com/blog/debt-collection-industry-complaints#comment-14961 Steve "The Debt Settlement Man" B Mon, 07 May 2007 20:53:37 +0000 http://zipdebt.com/blog/?p=27#comment-14961 Many third party collectors are extremely ruthless and will lie any given chance just to get you to send them money. More often than not alot of these collectors collect a 50% commission on the amount of debt that they can bring in. However by hiring a debt settlement law firm to handle negotiating with your collectors they by law of the FDCPA must not call you and deal only with your attorney Many third party collectors are extremely ruthless and will lie any given chance just to get you to send them money. More often than not alot of these collectors collect a 50% commission on the amount of debt that they can bring in. However by hiring a debt settlement law firm to handle negotiating with your collectors they by law of the FDCPA must not call you and deal only with your attorney

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