| Debt Regret Review |
 The main webpage of Debt Regret is slammed with paragraphs of information on debt settlement, debt negotiation, debt relief, avoid bankruptcy, and bankruptcy alternatives. Feeling overwhelmed is a good way of putting it. Quick facts about Debt Regret: Founded in: December 2004 Years in Business: 4 Number of employees: Not disclosed BBB Rating: F BBB complaints: Nine complaints in the last 36 months in these categories: contract issues, billing or collections, delivery issues, customer service, refund or exchanges. Eight have been resolved and one was closed administratively. Free Information: Via their website or toll-free number Escrow or Payment Plan Available: Yes, this account is your own savings account and Debt Regret has nothing to do with the money placed therein. They make it clear that you are the only one responsible for the disbursements of funds from this account. Source of Funds: Your monthly payments. Fee Structure: 15% of your total indebtedness entered into the program. There is no monthly fee or settlement fee. The 15% fee is spread out over the first 15 months of the program and your first four payments into the program go exclusively to their fee. Avg Settlement: Not disclosed. Refund Policy: None stated. About the Company 
Debt Regret is based in Frisco, Texas and has been in business since 2004. They do not have any other DBA names or locations which is a positive thing in this industry. Beginning the Process Types of Debt Serviced Worth Noting They claim to be able to settle accounts at 40% of the debt amount owed which is somewhat of a concern since the standard is around 50%. Too aggressive of a claim leads one to believe that they are over-inflating their abilities just to capture your attention – otherwise called “false or misleading advertising.” Program Caution and Your Responsibilities You must check them out and ask the right questions as it pertains to your situation and fully review your responsibilities in the program before you sign a contract. Will Debt Collectors Still Call? Yes, but they try to help you out by providing information for you to send to your creditors including a “hardship letter” detailing your situation. They make no claims as to contacting them in order to stop the calls and acting on your behalf. There is nothing about a limited power of attorney assignment which is seen with some other debt settlement companies. Other Information Their Frequently Asked Questions web page is full of good straight-talk on debt settlement and the issues surrounding the process and procedures. One gets the feeling that they are being as open as possible so that you have more than enough information from which you will find helpful. Related Articles: |
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