The reason I wouldn't use a debt settlement company because they will not get you the lowest settlement possible. When I called almost every debt settlement company and explained my situation they laughed when I asked them if they could settle my debts between 10 and 50%.If people want to use a debt settlement company because they can not handle talking to the creditors or collection agencies that’s fine but don’t think for one minute you are getting the lowest possible settlements.

average_joe...
can you explain again why you wouldn't use a debt settlement company...

personally i think they provide a service for people who don't want to do it themselves..

collection agencies aren't going to settle all of your debts at once in an orderly fashion

The best way to settle your debts are directly with a creditor.The second best way would be with a collection agecny.In my opinion I would not use a debt settlement company.

You have to very careful nowadays. Over the past couple of years, many may have noticed a greater variety of advertisements and other marketing relating to debt relief or debt settlement companies. Though many of these companies are perfectly ethical and do what they promise, there are a lot of them that are frauds. The government has responded with increased regulation and enforcement crackdowns on fraud. However, some still try and evade the laws. I read this here: Debt relief and consolidation scams still rampant post-recession, personalmoneystore.com/moneyblog So it would be better if you negotiate and do business with those you trusted even if it will cost a little higher.

I just put up a form for debt settlement in Canada

re: What is Canadian Debt settlement

/canadian-debt-settlement-signup.html

Have a look and let me know what you think.

If people want to sign up for debt settlement, I have companies that will help them out.

OMG... I missed that pic of the 407 gift of $125,000.
I'm sure that will give alot of people on this forum a warm feeling in their heart.

Good catch Raymond

RE: What is Canadian Debt settlement

I'm just asking randomly...
I looking for input from our members...

Are you guys saving for an emergency fund/ do you have one in place already?

/threadview/1161.html

RE: What is Canadian Debt settlement

Raymond,
Greg Roberts - www.ccdr.ca reported me to the Better Business Bureau because I used his company name in my meta tags...

He was upset that people would get onto this site and read what you wrote about him!

RE: What is Canadian Debt settlement

If www.ccdr.ca was that highly credible and well known, he wouldn't have to worry, in my opinion.

I was just asking him to provide references, which he did on my money maturity blog.

Monty must be psychic. I was just about to ask Average Joe if he had ever met Average Greg fom CCDR. That was going to be my next question.

Ray

RE: What is Canadian Debt settlement

So I get this comment over at http://money-maturity.blogspot.com/2007/11/is-ccdrca-scam-canadian-customer-debt.html which is my other blog.

RE: What is Canadian Debt settlement

Betty Ann Comments,
The financial services community would like an explaination for why you are so interested in our respected colleague's business practices. There is no observable legitimacy to your mindless rambling about a highly desirable candidate in the debt relief industry.
Your embarrassing exhibit only highlights a shortage of serious business to attend to, and lack of skill in obtaining a client base based on your shining ability and integrity.
Your comments demonstrate a severe poverty of judgement in business conduct.
What explaination do you have for your disregard for professional conduct standards?
How do you think anyone will take you seriously when it appears that you are simply attempting to create sensationalism surrounding CCDR without obvious reason?
Your comments give the message that you do not uphold yourself to the highest expectations of moral integrity, including honesty, and you do not expect the same from others.
What kind of professional bases groundless arguements on google searches?

Here's my reply to Betty Anns' comments.
Hey Betty Ann,
I take exception to your comments.
I asked a question: Is ccdr.ca a scam.?!! I've asked this question about several companies and websites on my site:

People look to our site to see if some sites and companies are scams or not. So... It's not an unusual question.

We have helped thousands of Canadians learn about scams sites and have saved people thousands of dollars.

I've been on the phone interviewing the RCMP and phonebusters.com talking about scam sites in Canada.

I asked the question several months back. Is ccdr.ca a scam.?!! It's taken several months for people to finally answer that they've used the site and the service and that they're happy with it.

I get people finding our site by searching for "ccdr.ca scam" on google. That raises red flags for me. People want to know who they're dealing with online. People want to know if a site is a scam or not.

I'm providing a service by asking that type of question.

Many times businesses say things, do something different on the internet. By the tyndall family and Arran getting on this blog and saying that they've used the service, that adds credibility to ccdr.ca's service.

So I guess I've done ccdr.ca a favor then!!

Dear Betty Ann,
Please do your homework before you come on to my blog and accuse me of doing anything wrong. You're the one who has spoken with doing your homework!!