Debt Settlement
--Donaldson Williams, Inc.
Offering an Honest and Ethical Solution to EliminateYour Debt
 

Debt Settlement Company Myths

What is the Truth About Debt Settlement?


Debt Related Resources

Credit Payment Calculator 
 Bill Collectors - Know Your Rights 
 Debt Negotiation And Your Credit Score 
 Debt Negotiation And Income Taxes 
 Your Debt - Consolidation or Elimination? 
    How To Choose A Debt Settlement Company
Charge-Off - What Does It Mean and What Should You Do About It?
Is Debt Negotiation the Right Choice For You?
Debt Negotiation - What the "Experts" Don't Tell You



The landscape of the debt settlement (debt negotiation) industry has changed a great deal over the past few years, and as a result there is a significant amount of information circulating related to debt settlement that simply couldn’t be further from the truth.

 

For instance, I recently read an article whose author claims that all debt settlement companies charge hundreds of dollars for an initial “admin fee,” as well as a monthly service fee. True? Not necessarily. You see, there are indeed many debt settlement companies that model their fee structure this way, but to say that “all” debt settlement firms are the same is extremely irresponsible. Fortunately, there are several firms that do not charge an administration fee, nor do they charge a monthly service fee. Believe it or not, there are legitimate firms who do take pride in customer service and providing what’s best for their clients, as opposed to running a scam to rip people off.

 

Also, there seems to be a misconception that all debt settlement firms set up trust accounts, into which their clients are required to deposit funds each month so that the debt settlement company may withdraw their fees prior to the funds being made available to the client’s creditors for the purpose of debt settlement. Again, while some debt settlement firms operate this way, many do not. As a matter of fact, there are several debt settlement firms who work on a contingency basis and don’t require their fees until after settlements have been reached with their clients’ creditors. These same companies very rarely require that you set up a trust account, but rather prefer that you set funds aside each month so that settlement offers may be extended to your creditors at a later date. Many consumers considering debt settlement don’t have the necessary income to set funds aside each month, and must instead resort to a 401K loan, home equity loan or a personal loan from a family member.

 

As you can see, critics of debt settlement are often misinformed and should probably stick to a totally different topic, or perhaps conduct sufficient research prior to reporting on the subject of debt negotiation firms.

 

Admittedly, debt settlement is not a pain-free process, and it’s certainly not for everyone, but it has certainly saved thousands of dollars for individuals and businesses that otherwise would have been forced into bankruptcy. If you’d like to learn more about debt settlement – the good, the bad and the facts – click here.

 

If you should have any questions, or need assistance, feel free to contact us. For a free consultation, click here. Remember, Donaldson Williams, Inc. charges absolutely no monthly fee and no set-up costs because we work on a contengency basis, and you don't pay a fee for our services until after a satisfactory settlement has been reached with your creditor(s).

Debt Settlement

 

 

 

Better Business Bureau

Better Business Bureau

Providing Customer Service You Can Rely On!

Debt Settlement

"I'm not sure how you work your magic, but thank you for everything you have done. I would highly recommend your company."
(C.C. Attorney)

"Marie, we can't thank you enough for everything you have done for us. We had a lot of question throughout this entire process and you have been so patient and understanding. We never felt alone because we always knew we could call or send an email and you would get right back to us. Excellent customer service and an incredible end result. We really do appreciate it!"
C.E.H (Insurance Adjuster)

"Again I find myself in awe of how you have been able to help. Thank you."
G.B. (Educator)

"Outstanding! Thank you for investing the time and attention to get this outcome- we truly appreciate your help and kindness."
M.M. (Regional Manager)

"I appreciate all you have done for us. I would recommend your company in a heart beat to anyone that has been experiencing problems such as our own."
J.M. (Q.I. Supervisor)

“Thanks so much for all you did for us. If we hadn’t found Donaldson Williams we would have surely filed for bankruptcy. You were straightforward from the beginning and we ended up with better results than we thought possible. Every one of our phone calls was returned and your professionalism proved to be unmatched. Again, thanks for saving us over $30,000 and helping us avoid bankruptcy.”

(E.Z. Carpenter)  


“Hi…I just wanted to drop you a line to let you know that we appreciate all you did for us during the worst financial crisis we’ve ever faced. I’m so glad we found you and decided to hire you…your dedication to helping us through a difficult time literally saved us thousands of dollars, as well as allowed us to end our financial problems with dignity and ease.”

(D.D. Communications Supervisor)

 

“Thank you for your help and your patience. Not only did you save us $27,000, but you were very patient with our questions and worries. You really helped to get us through a very bad financial period. Thanks again!"

(J. G. Operations Manager)

 

"Thanks to you I can sleep again and I can answer my phone again. You were so helpful and kind and there aren't enough words to describe my appreciation. The savings I gained through your program was something I wouldn't have thought could be achieved..."

(E. H. Teacher)

 

"Enclosed is a check for my final account. Thanks for all your help...it's finally over, but I wanted to let you know that we're so happy we chose your company. We started out scared to death, and here we are  paying off our last account. You've been great through this whole mess, and we want you to know that we'll gladly recommend you to other people in the same situation."

(D. H. Administrative Assistant)

 

"Preston and I cannot thank you enough for all your hard work (HFC-especially) in helping us move towards debt freedom. A weight has been lifted and we are finally free. Thanks again."

(P. G. Systems Technician)

"Thank you for being a caring person and having compassion and empathy there are so few left in this crazy world. I know you will have an abundance of blessings in your life. You have helped us more than you'll ever know and I feel like we were sent an angel when we met you. Truly I know it sounds cheesy but it's the honest truth from the bottom of my heart thank you."
(B. D. Nurse)
(B.D. Nurse)