Atty. Raymond Bulaon

Why hiring a debt settlement company can make your problems worse

Tuesday, 10 November 2009 22:33 Atty. Raymond Bulaon

ARE you thinking of hiring a debt settlement company to help you solve your debt problems? Before you do, maybe you should read this article as it could save you a lot of money and frustration.

One reason many consumers hire a debt settlement company is because their debt amounts have become simply unaffordable to them and they would like to avoid bankruptcy as much as possible. They see an ad by a debt settlement company on TV, in the newspapers or on the internet and it promises to get them out of debt for "pennies on the dollar." These consumers are fed up with the fact that the credit card companies have increased their interest rates to as high as 28-30% and they realize that with these outrageous rates, they are bound to remain in debt forever. So hiring a debt settlement company looks like an attractive option. Unfortunately, for a lot of people, it becomes their worst nightmare.

Debt settlement ‘scams’ you should be aware of

Tuesday, 03 November 2009 22:01 Atty. Raymond Bulaon

ARE you thinking of hiring a debt settlement company to help you get out of debt? Were you told that this was a better alternative to filing for bankruptcy? As the economy continues to decline, more and more people are turning to debt settlement companies for help in eliminating their debts. Warning: Be very careful. As a bankruptcy attorney, I have seen a lot of people who have become victims of deception and misrepresentation by unscrupulous debt settlement companies.

Don’t get me wrong, there are some debt settlement companies that are completely legitimate. However, a lot of them are also just out there to scam people. I have heard a lot of horror stories about them from people who have come to my office for advice. These fly-by-night companies misrepresent the nature of the services they are offering, don’t tell you what you need to know and are simply interested in taking your money without actually helping you. They often prey on desperate consumers who see no way out of their debt problems short of filing bankruptcy. But instead of seeing light at the end of the tunnel, a lot of their victims find themselves hitting a brick wall instead. Don’t be one of these people.

Why wait until your debt problems become a financial emergency?

Sunday, 01 November 2009 22:21 Atty. Raymond Bulaon

ARE you struggling with unpaid bills, lawsuits or perhaps an imminent judgment or wage garnishment by a creditor? Are you afraid of what creditors may do to you, your property or your assets? Most people have no clue so sometimes, the tendency is to ignore their debt problems and pretend that they don’t exist. The truth, however, is that ignoring your debt problems can be the worst mistake you’ll ever make.

People with debt problems often act like they can run away from their own shadow. Their shadow follows them wherever they go and whatever they do. They could change jobs, start another business, move to a new neighborhood or a different state but they just can’t get away from their "shadow" no matter how hard they try.

Why wait until your debt problems become a financial emergency?

Thursday, 29 October 2009 20:59 Atty. Raymond Bulaon

Are you struggling with unpaid bills, lawsuits or perhaps an imminent judgment or wage garnishment by a creditor? Are you afraid of what creditors may do to you, your property or your assets? Most people have no clue so sometimes, the tendency is to ignore their debt problems and pretend that they don’t exist. The truth, however, is that ignoring your debt problems can be the worst mistake you’ll ever make.