Everything About How To Get Out of Debt

Understanding Debt Settlement

Posted by admin on August 7, 2009

Is Debt Settlement for me?

As many people already know, Debt settlement can be a great alternative to filing bankruptcy. In fact, debt settlement can actually serve as a better solution for people that may be struggling to even pay the lower monthly payments offered by a debt consolidation program. However, generally, debt settlement is a program that is better suited for people who have already begun to miss payments or will soon begin to fall behind due to its aggressive nature.

Misunderstandings about damage to credit from Debt Settlement

The ability to make or miss monthly credit card payments should not be dictated by the enrollment of a debt settlement program, but rather by the consumer and their financial situation. For example, if you are unable to make payments to a creditor, due to a loss of income, and suffer damage to credit as a result, this would happen weather you were in a Debt Settlement program or not. Unfortunately, many people think involvement in a Debt Settlement program is what causes damage to credit; however, damage to a credit rating occurs when you misses, or are late, on monthly payments. Anything other than making at least minimum monthly payments can negatively impact your credit rating. Please keep in mind that the purpose of this blog is not to assist you with the modification, improvement or correction of credit entries, credit scores or credit reports and it is true that while in a Debt Settlement program, you may have a negative impact to your credit score.

Making monthly credit card payments or going with Debt Settlement

Let me clarify what is meant by making minimum payments. This means that you have the financial means to make such payments while still meeting all other obligations you owe and still putting aside funds for savings. Borrowing from Peter, to pay Paul, is no way to get out of debt. This is why Debt Settlement is better suited for those that have already fallen or will soon fall behind. But in no way should a debt settlement company ever instruct you to stop making payments to your creditors. If you have the ability to make your monthly payments, you should do so.

Working with a Debt Settlement Company

Typically when someone joins a debt settlement company to achieve debt relief, the debt settlement company will work with clients’ creditors to find a viable debt reduction plan that is acceptable with both the client and creditors. In many cases, clients will find that their debts have been cut in half or more, but this is not always the case and depends on certain factors involving such things as time in the program, ability to save funds, the creditor that is owed and many others. When the program works as planned, which is usually the case when dealing with a reputable and solid company, a client can expect to save a reasonable about off the current balance owed. However, keep in mind that interest and late fees will continue while in a debt settlement program, so the balances will go up until a debt settlement is reached, but this is the case if you were not in a debt settlement program as well.

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Debt Settlement Really Works

Posted by debtfreedallas on July 31, 2009

I would like to offer a testimonial to Debt Regret for their debt settlement services. However, to protect my identity, I will omit a portion of my name and other personal identification.

TO WHOM IT MAY CONCERN

For anyone who is considering debt settlement as a solution to certain financial problems, such as inability to pay off credit cards, I would highly recommend the company called Debt Regret.

I was a client of Debt Regret, Dallas, Texas from about April, 2008 to March, 2009. I was unable to pay tens of thousands of dollars in credit card balances in which my card interest rates were as much as 29.9 %, making it impossible for me to pay my balances off in the future. Debt Regret took my case and negotiated with the card companies and helped me to pay off settlement amounts that were a fraction of the full amount, in about a year to the card companies. Before I contacted Debt Regret I mistrusted debt settlement companies, in general, because of some very negative reports in the media about these types of companies. However, I soon confirmed that Debt Regret was not one of these untrustworthy companies.

Here are some important conclusions I made about debt regret based on my experience with them:

Debt Regret seems to have first class negotiators – they got me very low settlement amounts from the card companies that I thought was not possible. I truly believe that they try to get clients the best settlements. I don’t know exactly how they do it but they seem to know how and when exactly to negotiate with the card companies or their debt collectors.

Debt Regret has employees who seem to be very knowledgeable and experienced in debt settlement.

Debt Regret respects the customer. They sat with me and explained my situation and how they would handle it.

Debt Regret does not try to force you to make decisions (like car sales people do). They gave me time to go home and read their literature and talk to whomever I want and find out more about them before agreeing to hire them. They showed me respect and professional understanding of my dire financial situation.

Debt Regret employees are always available for questions. My phone calls and emails were always promptly answered.

Debt Regret never collected the money to be paid to the card companies. I paid the companies directly after they negotiated the amount. This means that I was in control of my own finances and felt very comfortable.

Debt Regret regularly contacted me and gave me advice on saving my money to pay the card settlements. They made me feel that they wanted to see me out of my problems as much as I wanted to get myself out.

I highly recommend Debt Regret to anyone.

Sincerly,

An Arlington, TX Client’ of Debt Regret

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Get Out of Debt America

Posted by abarnes on July 28, 2009

According to Alan Barnes, of Debt Regret Inc., almost all Americans carry credit card debt! Below, he outlines what that debt really costs you if you don’t get out of debt quickly.

Did you know that over 40% of US families spend more than they earn? If you’re like most of us, you try not to think about how much money you owe and what that debt is really costing you. If you did, you might not sleep too well. With that being said, it is critical you get out of debt if you know what’s good for you. By not fully understanding your current financial situation you are only prolonging a growing problem. In order to get out of debt, you need to face the uncomfortable and often painful fact: it is very possible that your credit card debts may take you 30 years to pay off.

That can’t be possible you say! I only owe $6,000. I should be able to get out ouf debt in a couple of years. My credit card company would not do something so unethical to me, would they?

As a matter a fact, they would. If you took 30 years to repay your debts, you are an ideal credit card customer. If is the people that never get out of debt that are the most profitable to credit card companies! It’s important to realize that the credit card companies only allow you to make minimum payments, because it benefits them! This is not a good thing for the credit card holder. They do not do this out of generosity; this is how they make money.

By paying only the minimum monthly payment each month, you are virtually guaranteeing that you will be a customer for life and that you will never get out of debt. If you are genuinely concerned about your financial wellbeing, you should be adamant about paying more than only the minimum balance on your credit cards each month. You must realize that if you can’t afford to pay more than the minimum balance on your card each month, you can’t afford whatever it is that you are buying.

When making a credit card payment, your funds are separated into two parts; interest and principal. Traditionally, when you only make minimum payments, most of it goes towards interest that is paid to the credit card company, which is why you never seem to be able to get out of debt. Would you pay 20,000 for an item that is priced at $10,000? If you purchase that item on a credit card that is exactly what you’re doing. If your credit card has an 23% interest rate and you only pay the minimum payment each month you will never get out of debt!

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How Debt Settlement Works

Posted by abarnes on July 28, 2009

Debt settlement involves negotiating with a creditor or creditors to pay off a percentage of your total debts at an agreed upon settlement amount. Often, people choose to utilize the services of a debt settlement company rather than attempting to do it on their own. Debt settlement companies traditionally employs various negotiation strategies to help settle your debts for less than the original balances.

Being the president of a debt settlement company, I am often asked how debt settlement works. In order to fully understand and appreciate the process that takes place between debt settlement companies and credit collection agencies, consider the following: Creditors know that roughly 30% of the 2.0 million personal bankruptcies that occurred last year were on debt that was reasonably current. Traditionally, people survive by borrowing from one creditor to pay another. However, this process eventually fails when consumers run out of available credit lines and find themselves unable to make their minimum monthly payments.

If a consumer files for bankruptcy, it is very likely that the creditor will receive nothing of the balance that is owed to them. Therefore, a creditor is better off negotiating with a debt settlement company. Most debt settlement companies work with customers that have legitimate financial problems and honestly need assistance.

The debt settlement process usually takes between 12 to 36 months, so consumers can wait for creditors makes the sensible decision to agree and negotiate. Besides the obvious benefit of debt settlement, another benefit is the help with creditor harassment. Debt settlement companies normally contact all your creditors and inform them that you are working with a debt settlement company and that you are now being represented. This is very important in that it helps minimize or eliminate creditor calls. The standard practice is to direct all communication to the debt settlement company that you are working with. However, it is important to remain cognizant of the fact that original creditors can still contact you legally, but most will comply with such requests.

The most important part of debt settlement is to complete settlement process with your creditors and or collection agencies. In order to do this, it is necessary for a debt settlement company to have you sign a contract and a document that legally authorizes them to negotiate with your creditors on your behalf; this is known as a “Limited Power of Attorney.” During the settlement process, you will make a monthly deposit into a “settlement account” that will eventually be used for your debt repayment. As funds begin to accumulate in the account, the debt settlement company will start to negotiate with your creditors. Once a debt settlement offer has been agreed upon, you will need to send that amount, directly from your account, to the creditor. Once the payment has been made, that debt is considered settled in full. You will no longer owe anything on that debt and the account will be closed.

Alan Barnes

IAPDA Certified Debt Arbitrator

President and CEO of Debt Regret

http://www.debtregret.com

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Get Out of Credit Card Debt

Posted by abarnes on July 8, 2009

Almost all Americans carry credit card debt. Actually, according to the Federal Reserve, over 40% of US families spend more than they earn. If you’re like most of us, you try not to think about how much money you owe and what that debt is really costing you. If you did, you might not sleep too well. After everything is said and done, most of us really need to get out of debt!

However, by not fully understanding your current financial situation you are only prolonging the problem. In order to get out of debt, you need to face the uncomfortable and often painful fact: it is very possible that your current debts may take you 30 years or more to pay off.

That can’t be possible you say! I only owe $6,000. This should be paid off a couple of years. My credit card company would not do something so unethical to me, would they? As a matter a fact, they would. In fact, if you took 30 years to repay your debts, you are an ideal credit card customer.

It’s important to realize that the credit card companies only allow you to make minimum payments because it benefits them. This is not a good thing for the credit card holder. They do not do this out of generosity; this is how they make money. By paying only the minimum monthly payment each month, you are virtually guaranteeing that you will be a customer for life and never get out of debt.

If you are genuinely concerned about your financial wellbeing, you should be adamant about paying more than only the minimum balance on your credit cards each month. You must remain cognizant of the fact that if you can’t afford to pay more than the minimum balance on your card each month, you can’t afford whatever it is that you are buying.

When making a credit card payment, your funds are separated into two parts; interest and principal. Traditionally, when you only make minimum payments, most of it goes towards interest that is paid to the credit card company, which is why it takes so long to pay off your debts. Would you pay $10,000 for an item that is priced at $5,000? If you purchase that item on a credit card that is exactly what you’re doing and this will not help you get out of debt. If your credit card has a 23% interest rate and you only pay the minimum payment each month you will never get ahead!

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How To Get Debt Relief

Posted by abarnes on June 19, 2009

Wherever you live, chances are that you are finding yourself stretched beyond your financial limits – both physically and emotionally. Are you looking for answers to what should be a simple question: How can I get debt relief? Often, bankruptcy seems like the best solution to your problems; however, it is one decision certain to haunt you for years to come. A bankruptcy can stay on your credit report for years to come; in most cases, seven to ten years. Bankruptcy can even hurt you when it comes to future employment. Often, employers will not hire someone who has gone through a bankruptcy!

It is important to realize that no one wants to lose their house, car, paycheck, or damage their credit history. Like most financial situations, the key to true debt relief is proper financial management. Debt management involves several simple steps designed to get your finances under control; such as figuring out a reasonable budget that will allow you to make headway on your monthly bills, avoiding unnecessary interest charges and late fees, and consolidating your debts into a manageable monthly payment.

To achieve debt relief, you will need a professional debt management specialist who can work with both you and your creditors to structure an arrangement that is best for you. With a proper understanding of financial management and a bit of discipline, it is possible to get back on track to a bright financial future.

Alan Barnes IAPDA Certified Debt Arbitrator

President and CEO of Debt Regret

http://www.debtregret.com

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Debt Consolidation – The Worst Thing You Can Do!

Posted by abarnes on June 19, 2009

Using home equity or retirement savings to pay off credit card debt is never a good idea. In fact, it is financial suicide. Unfortunately, more and more lenders are pushing people in that direction. If debt consolidation is such a great way to get out of debt, why are so many Americans still struggling just to make minimum payments? The real question is why are debt consolidation loans such a bad idea? They are a bad idea, because so many Americans are still in debt!

In recent years, many Americans have taken advantage of debt consolidation loans in an honest attempt to repay their credit card debts only to find that they are now deeper in debt and worse off then ever before. In fact, according to the Federal Reserve, by the end of 2004, Americans borrowed a total of nearly $830 billion dollars against the equity in their homes, but just 7 years earlier, Americans borrowed roughly $415 billion. That is a 50% increase in borrowing; not debt reduction, but loans that are pushing Americans further in debt. Debt consolidation loans to not address the real problem….spending. People need to be educated as to why they are getting into debt in the first place. In the long term, education is critical in correcting debt related problems.

Unfortunately, banks always advertise that using a home equity loan or line of credit is the fastest and most effective way of getting rid of high interest rate credit card debt, but nothing could be farther from the truth. Such programs rarely work for people who are suffering from debt. While some of the fundamental ideas behind a debt consolidation loan are sound, people can not borrow their way to financial freedom!

The concept is simple; a home equity or debt consolidation loan promises to provide a lower interest rate than the one currently being paid to creditors. Additionally, debt consolidation loans boast that that the interest you pay will most likely be considered tax deductible. Based on these concepts, debt consolidation would seem like a great idea. Remember the old adage of if it’s too good to be true, than it probably is?

Looking at this logically, based upon statistics, most of the people that choose the debt consolidation route to help eliminate their debts usually end up charging more in the near future; it is a vicious cycle. In the end, when all is said and done, debt consolidation loans typically leave consumers with less equity in their home to use when a real emergencies happens; they cause people to replace unsecured debts with secured ones. What was once unsecured debt, which could most likely be resolved through debt settlement, credit counseling or even bankruptcy, has now been exchanged and secured with the value of something far more important, your home.

If you are suffering from credit card debt and are searching for help, consider debt settlement, credit counseling and, as a last resort, bankruptcy before ever considering a debt consolidation loan as a way to achieve debt relief. In most cases, you will be far better off.

Alan Barnes, IAPDA Certified Debt Arbitrator and President | CEO Debt Regret, Inc. http://www.debtregret.com

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Five Ways To Avoid Bankruptcy

Posted by abarnes on June 12, 2009

Unfortunately, credit card debt has become a way of life for many Americans. Are you considering filing chapter 7 or 13 and trying to find a way to avoid bankruptcy? The tragic truth is that many consumers feel the only way out is bankruptcy and needlessly file what was, in many cases, totally avoidable. Because a bankruptcy filing can have such a destructive impact on your credit score, it’s much better, when at all possible, to seek other alternatives before filing Chapter 7 or Chapter 13 bankruptcy. If you are able to find a solution to resolve the debts, avoid bankruptcy, and save money and impact your credit less negatively than a bankruptcy, it’s better to take it, even if it will take longer or cost more to get rid of your debt.

Re-Pay Your Way Out of Debt

When looking at debt, and trying to avoid bankruptcy, the process can often feel overwhelming. It is important to remain calm and to think clearly and objectively about the situation; try and remove the emotional factors. For example, you must ask the question, can you afford to pay off your debts over a period of time? In the short term, it may seem like you simply can’t afford your debt; however, in many cases, a second opinion or another set of eyes may be able to help you find some extra money to re-pay debts and avoid bankruptcy. A great place to begin is the extras that just are not necessary. Fro example, do you have cable television with all the extra channels or the latest cell phone? To that point, do you have a cell phone and a home phone? If so, one of these expenses can be removed and save you a bunch of money. When you begin to add up all the payments you no longer have to make, you can save quite a bit by just making small sacrifices and these are just a few examples of some expenses you can cut without too much trouble.

Debt Settlement or Debt Negotiation

Debt settlement can often be a good alternative to bankruptcy and prove beneficial for everyone involved. In most cases, your creditors would rather get some money from you than no money at all, which is what happen in a chapter 7 bankruptcies. A reputable debt settlement company can assist in letting your creditors know you are having financial difficulty and help negotiate lump sum settlements that will allow you to settle your debts for less than the full. Debt settlement is often a good way to get out of debt and to avoid bankruptcy, but keep in mind that it does have its drawbacks as well. With debt settlement, you may experience damage to credit continued interest accrual and possible collection activities until all debts are settled. However, this is the case if you were in a debt settlement program or not. Simply by not being able to make these payments, you run the risk of late fees, increased interest and collection activities.

Consumer Credit Counseling Services

If you are looking to avoid bankruptcy, in many cases, a credit counselor can help reduce interest rates and eliminate late fees; however, this is different than debt settlement in that you will still pay back the full balance owed plus a reduced interest rate. With debt settlement, you will typically repay a portion of the full balance owed. With that being said, a consumer credit counselor has experience working with creditors and often knows the right things to say to get your payments and interest rates reduced. However, similar to debt settlement CCCS will most likely damage credit while in the program. Although CCCS does not necessarily damage your credit score, most banks and lenders consider CCCS as a similar program to a Chapter 13 bankruptcy filing, so they may not extend you credit despite a positive credit score.

Sell Assets to Pay Debts

Prior to seeing the help of a professional, it is first wise to evaluate your situation and see what can be done with things you already have available to you. If you own any assets of value and are able to part with them, this may help you avoid bankruptcy. You can try selling some of these items for cash and then use the money to pay off your debts or even settle them if possible. To avid bankruptcy, it is especially important to take action when you realize that you can no longer afford to make the minimum required monthly payments on the asset, for example a home or car. It is always best to take action as soon as possible when you notice you’re unable to pay or begin to borrow from “Peter to pay Paul”. To avoid bankruptcy, it is important to realize you can’t borrow your way out of debt. In most cases, if you wait until you’re reasonably far behind on payments; it can be too late to take the necessary action to correct the debt problem. While it may be an inconvenience you for to take such measures, it is also necessary if and when possible. In the end, if you want to avoid bankruptcy, you have to decide if the temporary inconvenience is worth saving your credit and getting out of debt.

Put Together a Get-Out-of-Debt Plan

Once you have evaluated all the way you can cut expenses and found nothing else to trim, you make need to make a different approach to avoid bankruptcy. If you can’t cut any expenses, try increasing your income as an alternative approach? There are many ways to go about this. For example, your employer may be willing to consider increasing your hours? If this is not the case, perhaps you can get a second income from another job. While this may seem difficult, it can often be a big help. You won’t have to do it forever; just until the bills are under control. Coming up with some extra money might be the best way for you to avoid bankruptcy.

Additionally, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 mandates that you take credit counseling classes prior to bankruptcy filings. Though you may be convinced that bankruptcy is the only answer, it’s in your best interest to open-mindedly consider credit counseling of debt settlement as an alternative.

Note: Please keep in mind that none of the information provided in this blog is to be considered legal advice. If you need legal advice, you should seek the assistance of a licensed attorney.

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Consumers Better Served by Debt Settlement Companies

Posted by abarnes on June 1, 2009

According to a press release issued on May 30, 2009 by TASC, consumers seeking to manage their debt have higher success rates when using credible debt settlement companies rather than credit counseling services, The Association of Settlement Companies (TASC) revealed today in its analysis of both industries.

Below is a brief portion of the article to provide further information for those who may need it. The full article may be found at http://www.prweb.com/releases/2009/05/prweb2478884.htm.

TASC, the non-profit watchdog organization for self-regulating the debt-settlement industry, gathered the information from various sources, including the Consumer Federation of America and National Consumer Law Center, the Executive Office for the U.S. Trustees and testimony by credit counseling companies.

“The main difference is that debt settlement companies work on behalf of consumers to reduce the outstanding balance of debt,” Chris Kesterson, President of TASC, said. “In contrast, credit counseling companies work for credit cards and banks and usually only obtain concessions on interest rates. Thus, many consumers cannot afford credit counseling payment plans.”

Other differences between the two services:

Debt settlement companies do not receive any fees, contributions or other forms of compensation from any entities other than the debtor client. Meanwhile, credit counseling companies get money each month from their customers, plus they receive “contributions” from credit card companies and “fair shares” from banks.

Debt settlement programs are typically 36 months or fewer. Credit counseling programs are usually 60 months or more.

For consumers that complete programs, the total cost of a debt settlement program is usually about half the cost of a debt management program offered by a credit counseling company.

Debt settlement programs achieve individualized and customized results depending on a consumer’s circumstances and needs. Credit counseling payment plans are fixed payments over a length of time.

With both shorter program durations and lower budgeted monthly payments, debt settlement programs frequently see higher success rates and fewer dropout rates.

“It should be noted that since credit counseling does not seek reductions in the principal amount owed while only getting some reduction in the fees and interest, a consumer using credit counseling can make payments for some time and never get ahead,” Kesterson said. “In other words, credit counseling often does no better than a consumer simply making minimum payments, which often cannot be afforded anyways.”

About The Association of Settlement Companies

The Association of Settlement Companies (TASC) promotes fair business practices, consumer protection and industry standards for the debt settlement industry. TASC, founded in 2005, serves to protect consumers through an organization seal that represents best practices and standards of reputable companies. The organization also protects its member companies through lobbying efforts at the state and national levels, as well as awareness initiatives to educate consumers on debt settlement as a financial solution. All TASC member companies pledge compliance to strict association bylaws governing business practices and ethics. For more information, visit TASC.

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Myths About Credit Scores And Credit Reports

Posted by abarnes on May 12, 2009

Don’t be misled by credit myths. Understand what truly affects your credit score so you can work to improve it. Unfortunately, a lot of credit score myths about fico score ratings get spread around and some of them are just outdated information. Whether you are considering a home loan refinance to take advantage of low rates, looking into purchasing a car to benefit from the sales tax credit, or concerned about whether you can pay off your credit card debt, odds are, you are concerned about your credit score this year.

The question is, are you concerned about the right things? Many Americans hold mistaken beliefs about credit scores. The array of misinformation on television and in hearsay from friends and neighbors only compounds the problem. Following, learn about 10 commonly held myths about credit scores — and the corresponding truth. According to Andrew Housser, the following are the top ten myths about credit scores and credit reports.

Myth #1: A credit score is a credit report.

The credit report is a detailed listing of all your debts and payments, going back throughout your entire payment history. It shows creditors’ names, the amount owed, the highest balance owed, the available credit, whether the account is open or closed (and who closed it), the number of times a payment was past due and whether the account is in default. A credit score is a number between 300 and 850 that is assigned to your record, based on complex formulas incorporating all the data in the credit report.

Myth #2: If you are not in default, there is no need to check your credit report. Everyone should check his or her credit report once a year to be sure the report contains no erroneous information; visit Annual Credit Report for a free, no obligation copy of the report.

Myth #3: Checking your credit report damages credit.

Reviewing your own credit information has no effect on a credit score. Neither does a credit report review by prospective landlords or employers.

Myth #4: Everyone has one credit score.

In fact, the data compiled by three different credit scoring agencies (Equifax, Experian and TransUnion) form the basis for three different credit score calculations. The resulting scores might vary slightly among the three agencies if they have slightly different information, but they will be similar.

Myth #5: Married couples share a credit score.

If all of your accounts are joint-accounts, your scores will likely be similar, but each individual maintains a unique credit record and credit score. On the flip side, after a divorce, you will need to follow protocol to have creditors remove one party from a joint account.

Myth #6: Shopping for a loan destroys credit.

It is true that “hard inquiries” — examinations of your credit score in preparation for extending credit — can have a small negative impact on credit. However, credit bureaus take into account that consumers might inquire about a loan from multiple mortgage companies or auto lenders. If multiple inquiries are received from the same type of lender within a 14-day period, the credit scoring companies do not count each inquiry against the borrower. Note that credit card account inquiries to open new accounts are counted individually.

Myth #7: To improve a score, close unused accounts.

An important component of a credit score is available credit, or the unused credit that has been offered (on a credit card, for instance) but not used. Closing unused cards removes those available balances from the equation and can actually lower your score. Today, some banks are automatically lowering limits or closing accounts for you to reduce their own credit exposure. If your debt load is manageable, the effect on your score should not be extreme.

Myth #8: To boost credit fast, just pay off bills.

Credit scores reflect performance over time. Scores will not change overnight.

Myth #9: For a fee, vendors can fix a bad score.

Again, credit scores show historic behavior. Be cautious about companies that claim to “fix” or “repair” credit. You yourself can remove inaccurate information. Beyond that, be aware that some companies send credit scorers a deluge of letters asking that they verify – and in the process, remove — all past negative information. If and when truthful information is verified, however, it will quickly return to the credit report.

Myth #10: Never get help — it is too hard on your credit.

It is true that credit counseling, debt settlement and bankruptcy all can cause significant black marks on your credit. If you are in real trouble, however, you can and should seek help. Which option you choose will depend on the severity of your situation. Credit counseling can help to manage bills, and lower interest rates and monthly payments to creditors. Debt settlement firms can negotiate to lower the principal amount of your debts, typically providing a faster path to debt freedom than credit counseling. Bankruptcy, an even more serious alternative, should be discussed with a bankruptcy attorney.

Credit is important, but knowing the truth about credit might be even more important. Before taking action that might hurt or help your score, check your facts to be sure your actions will help your financial picture

Note: This information was provided for educational purposes only and is not to be considered credit repair advice of any kind. Debt Regret, Inc. does not assist clients with the modification, improvement or correction of credit entries, credit scores or credit reports. The settlement services of Debt Regret may have a negative impact on some clients’ credit reports and or credit scores.

Posted in Credit Scores and Credit Reports | 2 Comments

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