How do debt settlement programs in California work?
In California, debt settling programs work one of two ways. The first way, the debt settling company gets all their money up front, negotiates something with the lender and passes it off to the consumer and says, “here you go, you’re on your own.” The better debt settlement companies do it this way – they have the consumer pay money into a trust account over time, and you can only do this with a law firm. Once that money accumulates and so much money is in that account, the attorney makes an offer of settlement to the creditors and when that attorney makes that offer of settlement that money is there. That program is much more successful. I’m Vincent Howard, senior and managing partner of Howard Nassiri. We work hard every day representing the consumer from our headquarters in Orange County, California. If you need attorney you can trust, go ahead and give us a call.
