Global Financial services talks about the RIGHT way of performing Debt Settlement Services

Aug. 21, 2012 - PRLog -- Are you currently enrolled in an “attorney model” debt settlement program? More likely than not, you were pitched a program that offers legal protection, representation by an attorney in your state, and a bundled package of services that are available to you above and beyond just the debt settlement services you sought after.

Now, you have spent a few months in the program, you have more than likely seen that you do not have a good communicative relationship with your attorney based company that handles your monthly deposits to your trust account, and most probably, you may not even know how much of your monthly deposit is actually being saved by you, or removed as “fees” by them.

Global Financial Services is here to say firmly that the only way to go in debt settlement is to utilize a performance based, NO UP FRONT FEE company. There are several reasons;

1.The term attorney is simply used in order to get around FTC regulations that do not allow upfront fees to be charged to consumers in a debt settlement program.

2.In your first year, where a substantial amount of settlements should be made, you are paying upwards of 70% OR MORE of your entire payments directly to the attorney. In your contract, the attorney will most likely state that “Without sufficient funds in your trust account to settle your account as well as pay the settlement fee, creditors will not be contacted”. This begs the question of how can you have enough funds for settlement when 70% + of it are going straight to the attorney, for performing no service of settlement. Furthermore, a year is for the most part far too long of a time to wait in order to initiate settlements, especially on relatively small credit cards.

3.Global Financial Services has a simple statement, visible on all of our marketing materials and website, (www.globalfs.org), NO UP FRONT FEES, PERIOD!

Being in a debt settlement program means that you have a documented financial hardship and are not able to continue making minimum monthly payments, and you see no end to your debt, with no chance of paying it off in its current state. Assuming that you need representation in the case of a law suit by one of your creditors, working with an attorney model will not help you, as it is clearly stated that actual representation in court by an attorney is available, but at additional costs. How can a struggling family, who is paying the majority of their payment monthly directly to an attorney, come up with $1,000 or more for an attorney to represent them? Furthermore, they have saved very little, if anything in their trust account, so there is no help from there either.

Global Financial Services believes that with our premier, No Up Front Fees, Debt Relief program, you win on all sides.

1.You have a documented financial hardship and qualify for our program.

2.You start to save 100% of your monthly deposits from day 1.

3.With this accumulated money, comes strength. Our negotiators will settle your accounts for fractions of the total currently owed, and you have the funds available to settle with creditors whom attempt to sue you.