| Help U Out of Debt Review |
 Help U Out of
Debt also operates as Help You Out of Debt and is based out of Corona del Mar,
California. They are a “front end” debt settlement company only. This means
that once you have signed up for their program, they sell your account to
another company who will be the servicer of your account in trying to settle
your debts with your creditors.
Quick facts about Help U Out of Debt: Founded in: December 2007 Years in Business: 2 Number of employees: Not disclosed BBB Rating: F BBB complaints: None. The “F” rating is due to the business in which they operate – debt settlement. Free Information: Not disclosed. Escrow or Payment Plan Available: Monthly payment plan. Source of Funds: Your monthly payments. Fee Structure: 15% of your total debt that you enroll in the program PLUS another $15 settlement fee for each settlement. Avg Settlement: Not disclosed. Refund Policy: None given. About the Company 
This is a relative new comer to the debt settlement business, so there is not a lot to disclose about their services. Beginning the Process Call their toll-free number. Types of Debt Serviced Unsecured only. Worth Noting They are not members of The Association of Settlement Companies or the International Association of Professional Debt Arbitrators. This might not seem like a big deal except that almost all other debt settlement companies are and loudly tout their associations as reasons to do business with them. Program Caution and Your Responsibilities Be sure to read and follow all instructions that are contained on the debt settlement agreement before signing up for their services. Will Debt Collectors Still Call? Yes, but they send out “cease and desist” demands on your behalf. Other Information The website for Help U Out of Debt states that they are not taking on any more clients at this time and that if you are a current customer, you should contact them via the toll-free number found in your “Welcome Package” of information. A reviewer of this company was told that they have been in business since 2001, but the BBB shows a start date of December 2007, so something does not add up for this company. It could be that they have changed their name which is always a red flag and something to be concerned about. The fact that they are not accepting new clients, and they are only a “front end” debt settlement company is a concern as well. It is probably a good thing that they are not accepting new clients. There are too many questions and other things that just do not add up about this company. Related Articles: |
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