It certainly isn’t a secret to anyone around here that Michigan has been one of the hardest states hit by the economic downturn over the last few years. Many Michigan consumers are struggling to get out of debt and turn things around financially. They instinctively know that continuing to make high interest rate credit card payments is just going to hinder their ability to climb back out of a financial hole.
Researching online for help from local debt relief professionals that actually understand what Michigan consumers are dealing with is an important first step for consumers struggling to keep up on their bills. I recently did a Google search for Michigan Debt Consolidation and I was surprised that nobody on the first page offering help was even located in the State of Michigan. They were all national companies, some of them even masquerading as local companies but were actually located in a different state.
Zwicker & Associates – Some Things You Should Know
If you’ve received a letter from Zwicker and Associates PC, there’s a pretty good chance that a credit card company is thinking about suing you for an unpaid bill – probably American Express, Discover or Chase.
So, what should you do now?
The last thing you want to do is ignore them because the situation is likely to escalate and get worse. Don’t panic however, because there are solutions.
Although there are many options available to consumers when it comes to paying off credit card debt, this article will focus on just 5 of them.
Before deciding to jump into any program you should always take your time, do some research, and make sure you are making the best decision for your specific financial circumstances.
The top five options that consumers turn to when they are struggling with debt, listed in order of least drastic to the most, are as follows…
Are you receiving calls and/or letters from NCO Financial Systems due to a past due debt? If so, you may have found some very disturbing news on the Internet regarding NCO Financial and its employees.
Fortunately, not all bill collectors at NCO Financial are “bad guys”, but if you happen to have been reached by a rude bill collector your best bet is to simply not deal with this individual. The federal government has in place the Fair Debt Collection Practices Act (FDCPA), designed to protect consumers from harassing bill collectors, and you have the right to notify NCO Financial Systems that you would like all further correspondence to be in written form only. This will ensure that you discontinue receiving calls from NCO.
Encore Receivable Management Inc – What You Need To Know
Encore Receivable Management Inc is a collection agency, which is headquartered in Olathe, Kansas. If you’re receiving calls from Encore Receivable Management, it’s probably because you have a past due credit account which was assigned to their office for collection.
Our company has had several years of dealing with Encore Receivable Management, and I can tell you that they have been known, on occasion to violate the Fair Debt Collection Practices Act (FDCPA). However, once their compliance department learns of any violation of the FDCPA, the situation is immediately rectified, and all violations are discontinued. If you believe that Encore Receivable Management has violated the FDCPA and have a complaint, I suggest contacting their Compliance Department right away. Read more
If you’ve been receiving communications from the law firm of Frederick J. Hanna & Associates, there’s a pretty good chance that you have a past due debt hanging over your head, and your account ended up with this law firm for the purpose of collection. So, what should you do?
First, don’t panic. Even though this account will likely end up as a debt collection lawsuit if you do not take steps to address it, you still have time to work something out.
United Recovery Systems Complaints – Too Many To Count
Quite honestly, we at Donaldson Williams have negotiated thousands of settlements for our clients, and we used to do so frequently with United Recovery Systems. However, in recent years we have decided to stop working with United Recovery Systems. Reason being, they apparently decided to choose intimidating and belittling consumers, rather than amicably reaching settlement agreements for outstanding debts with professional and ethical companies.
If you’re in way over your head financially, and you’re struggling just to get by each month, there’s a good chance that you’ve taken a long and serious look at your options to become debt-free. You’ve probably read more than you care to know about consumer credit counseling, bankruptcy, debt consolidation and debt settlement, but your diligence in finding a solution to your financial predicament has led you to believe that debt settlement may be a viable option.
There are a few considerations, however, that need to be factored into your final decision regarding debt settlement, and probably the most critical of these is the availability of sufficient funds to follow through with the agreed-upon settlements with your creditors. You see, if it’s simply not realistic that you’ll be able to fund the negotiated settlements with your creditors, your choice has already been made for you, and debt settlement is not the solution for you. Read more