California
Debt Settlement
How to find the right California
debt settlement company
San Diego, California, August
7, 2007 - - In order to keep up
with high housing, living, and entertainment
costs, Californians are increasingly racking
up significant credit card debt. The use
of credit cards is also common in resolving
financial hardships, such as unemployment
and medical problems, which contribute to
over 50% of all California personal bankruptcies.
But thankfully, consumers overwhelmed with
high credit card debt and minimum payment
challenges can find effective debt relief
through debt settlement
If you’re in debt, California
debt settlement companies can offer
you a superior solution to bankruptcy and
debt consolidation. Debt settlement, also
known as “debt negotiation”,
is a very aggressive debt elimination benefit.
Its results are so powerful, that you could
be debt free in a short 12 to 36 months.
There’s no better choice to reduce
40 to 60 percent on unsecured debts, such
as steep credit card balances, medical bills,
and business debt and want to avoid long-term
credit damage caused by bankruptcy. But
to find the right California debt settlement
company, you must first do your research
and look for the following key points:
1. A reputable California debt
settlement company.
A common question asked in finding a reputable
California debt settlement company, is “does
the company have to be a member of the Better
Business Bureau?” The answer is “no.”
But the BBB website (www.bbb.org) and other
consumer group websites, such as Ripoff
Report (www.ripoffreport.com) publish public
information about bad companies’ customer
service records. If you research on the
Internet, you will find various debt settlement
companies that claim affiliation with professional
associations like the International Association
of Debt Arbitrators or United States Organization
of Bankruptcy Alternatives (USOBA) or memberships
with the Chamber of Commerce or Netcheck
Commerce Bureau. Yet these companies have
excessive consumer complaints filed against
them because of bad customer service or
refund issues. The bottom line is that if
you see a company has a bad reputation,
despite their affiliations and memberships
don’t do business with them.
2. A California debt settlement
company that employs experienced professional
debt negotiators.
Some companies falsely represent that they
provide complete debt settlement services.
However, many do not employ their own debt
negotiators. Instead they contract out to
third-party debt negotiators to settle your
debts. The problem with this business model
is that it sometimes lessens the chances
of your debts being settled timely and effectively.
A good California debt settlement company
employs their own debt negotiation staff
that is assigned exclusively to your accounts.
This streamlines the process for your negotiators
to directly negotiate with creditors, attorneys,
and bill collectors to reach satisfactory
settlements of your debts.
You should also ensure that the California
debt settlement company has debt negotiators
experienced in settling a variety of unsecured
accounts including:
• Medical bills
• Credit cards
• Department store cards
• Gas cards
• Personal loans
• Collection accounts
• Charge off accounts
• Credit union accounts (non-collateralized)
• Student loans (unsecured)
• Bounced checks
• Finance company accounts
• Home foreclosure deficiency balances
• Timeshare sale deficiency balances
• Automobile repossession deficiency
balances
3. A California debt settlement
company that doesn’t make false promises.
Some California debt
settlement companies offer a guaranteed
outcome of their services or a guarantee
of actual debt settlement results although
this is not legal. In fact, a general consumer
complaint against some of the worse debt
settlement companies is that they misrepresent
over the phone, through Internet ads, or
in writing that they will settle your debt
for a specific percentage. But legally,
no debt settlement company can make you
any type of promise or guarantee. Furthermore,
no creditor is legally required to negotiate
with any debt settlement company or accept
any settlement offer. Remember, in life
there are no guarantees, so if what you’re
promised sounds too good to be true, it
probably is. Thus ensure the California
debt settlement company doesn’t make
any promises or guarantees, but has a good
debt settlement track record and experienced
debt negotiators.
4. A California debt settlement
company that does not have care, custody,
or control of your client funds.
Some debt settlement companies
have been fined or forced to go out of business
because they held or misused client funds.
Under the California Check Sellers, Bill
Payers and Proraters Law, any company that
“contracts with delinquent debtors
and intercedes with creditors to settle
debts on behalf of the debtor” or
“pays its customers' bills as part
of its management of its customers' affairs”,
must be licensed as a Prorater and must
maintain a minimum of $10,000 net worth
and a surety bond of $25,000. This licensing
requirement applies to any California debt
settlement company that claims to have
“care, custody, and control”
of your client funds. So ensure that the
company you decide on complies with all
applicable laws in not having any impropriety
or misuse of your money.
Ensuring you take all of the above safeguards
will give you peace of mind knowing you
found a reputable California debt settlement
company to settle your debt. One of these
companies is Debt Free League. This company
is responsive to your needs, has high consumer
confidence, and provides the highest standards
in customer service. While many debt settlement
companies do not have their own debt negotiators
or only negotiate consumer debt, Debt Free
League employs experienced negotiators that
also settle business debt, including business
loans, business credit cards and lines of
credit, overdue account payables, and business
contract disputes.
Don’t settle for a company that makes
empty promises. But look for a company like
Debt Free League that under-promises and
over-delivers and upon request, that can
give you actual proof of debt settlement
results with and testimonials from satisfied
clients.
About Debt Free League
Debt Free League is a Debt Settlement organization
that works on behalf of consumers and small
businesses to negotiate the settlement of
unsecured debt. Working through key relationships
with creditors, collection agencies, and
collection attorneys throughout the country,
their Debt Liquidation Program has produced
substantial unsecured debt reductions and
a variety of credit improvement benefits
for many clients.
For more information, Contact
Debt Free League’s Web site at www.debtfreeleague.com
Contact:
Sales
sales@DebtFreeLeague.com
(800) 213-9968
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