Debt Consolidation Companies
Debt Consolidation Companies
Beware of Debt Relief Services
- Learn about debt relief services from Nardi & Nardi, and the regulations affecting these types of services, you should generally avoid them, without consulting a professional.
Debt relief services, like debt consolidation, debt settlement, and debt management plans, are advertised all over the Internet, radio, and even television, but in most cases, these for-profit companies offering these services provide little or no help after you've paid them
Know your rights - State protections.
Almost all states regulate debt relief companies, and some states prohibit debt settlement companies from doing business. These state laws usually don’t apply to lawyers
State laws that regulate debt relief services often:
- limit the fees that agencies can charge
- require written contracts
- require that the debt relief company keep consumer payments in a separate trust account
- require debt relief companies to post bonds, and
- restrict certain practices.
Attorney Debt Settlement Program
In an attorney debt settlement program, Nardi & Nardi will negotiate the pay-off amount with each creditor. In those negotiations, the focus is on the principal – the money you actually charged on your credit cards. At Nardi & Nardi we diligently negotiate to remove high interest rates, the compounded interest that has built up over time and the late fees and over-limit fees.
If you would like to find out more about debt consolidation and debt settlement, contact us at Nardi & Nardi; for a free consultation, so that you can protect yourself, and your family, and make the right choice. Our team will review your case and will recommend what route is in your best interest. Contact us on (407) 478-0074, email us direct, or complete our contact form