How would you know if a debt settlement company is legitimate?  When times get tough and people get desperate, the schemers and scam artists start popping up all over the place.  You have probably started seeing the commercials on tv advertising credit debt settlement and debt settlement services.  The concept of debt negotiation is excellent the follow through by some companies can be poor.  You want to make sure that you are dealing with a reputable company.  If you do a Google search on the web you will see tons of people that are disatisfied with a debt settlement company.  Many debt settlement companies are scams and they have taken peoples money.  Just do a Google search on Jubilee Financial.  This was a debt settlement company in Scottsdale that ran off with the clients money.

How Can You Tell If A Debt Negotiation Company Is Legitimate?  You may see the rip off report show up.  If you see it a lot, it is probably not a good sign. Continue Reading »

In regards to communications with third parties, a collection agency may not contact other people except to locate you.  When contacting other people, the collection company must state his or her name and that he or she is just confirming you location information.  The collection agency may not give their company name unless they are asked.  They are not allowed to state whether or not you owe a debt.  A collection agency may not contact a third party more than one time unless the person allows additional communication.  If the collection agency thinks the information was wrong they can call again.

Can A Creditor Call Third Parties If I Have An Attorney

If a creditor or collection agency knows that you have an attorney, they may only contact the attorney.  They may only contact you if they have your permission to do so.  The original creditor is always allowed to contact you.  They are under a different set of rules than a collection agency would be.