Are you one of those people who stay in California and receive collection calls every day? Wondering how can you finally get out of debt and put an end to these calls? If yes, then it’s high time you enroll into a debt settlement program.
This program basically works in 8 simple steps and these are:
Debtor talks with the debt negotiator
Debtor gives a snapshot of his/her total financial situation to the debt negotiator. Both of them ask various types of questions to each other.
The debt negotiator thinks about a solution
After getting the total financial picture, the debt negotiator starts thinking about the possible solutions and suggest to settle debt in CA.
The debt negotiator explains the whole process
He explains how to settle unsecured debts in California. Both the pros and cons are properly explained.
The agreement is signed by the debtor
A written agreement is given to the debtor who reads it and finally puts down his/her signature.
The California debt settlement program begins
Debtor starts saving an amount in a dedicated account set up by the negotiator. It is simply not possible to negotiate without any amount in hand.
The negotiation process continues
The California debt settlement company starts calling creditors one by one. They use various tricks and tactics to convince creditors for a reduction in the outstanding balance.
A deal is made with creditors
Creditors agree to reduce outstanding balance. Debtor is notified about it and thereafter a settlement agreement is signed.
Payment is done and debt falls from the shoulder
Finally, creditor is paid the negotiated amount and the account is closed.
It won’t be wrong to say that OVLG ranks first in the list of California debt settlement companies and that’s because:
Wait a minute. Before you decide to work with us or any other settlement company, make sure you check out the main provisions of California Debt Settlement Consumer Protection Act. Remember, it’s important to know what protections and rights you have.
California Debt Settlement Consumer Protection Act prevents debt relief companies from indulging into the following kinds of activities:
If debt settlement companies in California violate the laws, then they can be in big trouble due to the following reasons:
* In case of criminal violations, consumers can get up to $10,000 for each violation of law.
Want to save yourself from collection harassment? Eager to know about your powers to fight with collectors at the time of settling debts? Have a look at the 6 California fair debt collection laws that empower you as a consumer.