There are few things quite as painful as looking ahead at your future and seeing nothing but debt. So many people today graduate from college with extensive student loans and consumer debt on top of that. They struggle to find a job and, sometimes, they never find the job that they want. Sometimes, people get married. Sometimes, people buy a home and get themselves into a giant mortgage. One day–often in a person’s mid- to late twenties–they wake up and take an assessment of their life and all they see for the foreseeable future is crippling debt.
Are any of the following statements true for you? If so, you may need some debt relief!
- You don’t know your total debt amount. Maybe you’re in denial or it just snuck up on you. You should always know exactly how much you owe and whether or not your income can cover your expenses.
- You have no savings. All your earnings are going to paying your expenses and your credit card monthly payments.
The Debt Pro has worked with a number of bankruptcy attorneys for years. There are times when bankruptcy is not the answer, and the bankruptcy attorneys refer their clients to us for debt settlement services. By negotiating a settlement of the client’s debt, we can provide debt relief without them having to go through bankruptcy.
The debt settlement industry has changed dramatically in the last few years. In 2007 there were more than 2000 debt settlement companies; now there are fewer than 200. Before December of 2010, bad debt settlement companies took money up-front and then never settled their client’s debt. In December 2010, the FTC amended the Telemarketing Sales Rule to protect consumers from these debt-relief scams.