Any one know or have used a reputable debt recovery service.

[AndyHammond1970]

I need to look into one to fix some financial problems I am having but have no clue about which one would be safe and not rip me off and would
also be effective.
Just looking for some names or sites that I may check into to see if they can help me.
Thanks

[taterguy]

1. Yes

[madinmaryland]

2. Thanks for your very detailed response, Francis!

[taterguy]

3. The name's Taterguy, not Francis

[madinmaryland]

4. I make a note that your name is taterguy, Francis.

:D

[taterguy]

7. Fuck off

[madinmaryland]

8. Obviously, you had nothing constructive to offer here, Francis.

So I will just go "fuck off"

[regnaD kciN]

5. Just make sure you get a non-profit...

...otherwise, it's all-too-common to find companies that claim to "help" people, take their cut off the top, and then cut their clients loose to fend for themselves.

Here is one such outfit (one of the "good guys," I mean). I know there's a national association of such groups, which will direct debtors to a similar group in their area.

And I would advise you to stay far away from any company that promises to "cut your debt in half" through "programs the credit-card companies don't want you to know about," particularly if the "fine print" (whether written or spoken) included the phrase "not available in all states." That's a dead giveaway that the company involved follows a strategy of setting up payments to themselves, then telling you to change the address on all your credit cards to their corporate address, and simply stop paying your bills. They claim they will stonewall your creditors until such time as they have accumulated enough monthly payments from you to offer them a lump settlement to clear your record. Aside from the ethical dubiousness of such an approach, and the common occurrence that the company itself folds midway through this process, taking your money and leaving you with all your debts still in place, this really only works if you own and earn so little that going after you wouldn't be worth the creditor's (or collection agency's) legal fees. Otherwise, the creditors, faced with such a situation, will simply go to "plan B" -- get your real address (you don't expect the "change your address" ruse to work, do you?), and get a judgment against you for the contents of your bank account and garnishment of your wages. And, if you own any real property (like a house), your creditors will find it simpler to just get a lien on your property and have you kicked out...with the resulting loss likely far greater than the debt in question.

The non-profit agencies I mention above generally won't get your creditors to "cut your debt in half!!!" -- or even cut the principal at all. However, they can usually manage to work out a reasonable repayment plan that doesn't have you without food on the table because you have to pay your bills, and get your creditors to reduce or even eliminate interest charges (usually the biggest amount of credit-card payments for people in debt trouble) as long as you keep up the repayment schedule.

[Bitwit1234]

6. The financial guy on CNN howard Clark says

that using those systems only leads to more trouble. The best thing to do is file bankruptcy. That you can build back your credit score and you dint have all the trouble these organizations cause. You are correct in saying the skim the money off and leave you with the debt and more in debt.