Hello and welcome to michigandebtsettlement.com. We have one mission and that is to help people living in Michigan who have found themselves to be overextended with credit card debt. The residents of Michigan have been financially devastated by the recent economic collapse; as a result leaving many with large amounts of unsecured credit card debt.
All around the country debt settlement has been becoming a very accepted choice for debt relief amongst overburdened consumers. However the debt settlement industry has gotten a bad reputation over the years and is known to have been full of debt settlement companies that are nothing short of a scam.
THE PROBLEM:
Debt settlement companies were permitted to charge upfront fees prior to settling a client’s account. This model of a debt settlement program led to many companies cutting corners in an effort to sign up as many people as possible and collect those upfront fees.
The capability for these companies to make a lot of money very quickly became their downfall. This greed motivated the sales reps to sign up as many consumers as quickly as they could. This led to many of these companies not having the ability to service the number of clients they had. As a result many consumers were ripped off and paid money for a service they never received.
THE ANSWER:
In 2010 the FTC made significant rulings to regulate the debt settlement industry as a whole. The first major ruling was that debt settlement companies are no longer allowed to charge upfront fees before settling a client account. This is a HUGE benefit to the people who are in need of a debt settlement service, but are nervous about all the negative information they heard about being scammed!
Another noteworthy ruling is that the representatives from a debt settlement company must offer “full disclosure” to their potential clients; meaning they must inform of both the positives and negatives associated with debt settlement. In addition the reps must also explain the other options for Michigan debt relief outside of just debt settlement.
YOUR SOLUTION:
If you have been searching for a company that can legally work in Michigan then look no further. We can offer a debt settlement program that doesn’t charge any of the service fees until after the settlement has been made.
Plus we have an “A” rating with the Better Business Bureau! To find out more information about our debt settlement program click the link below and fill out an application for a free consultation. One of our debt analysts will call you to review your unique financial situation to see what will be the best option for you to take.
CLICK HERE for more information about a Michigan Debt Settlement Program