Debt Consolidation Companies Spring Hill

Debt Consolidation Companies Spring Hill

You may have heard radio ads or received solicitations in the mail from companies who promise that they can settle your debt for pennies on the dollar. While some of these companies might be able to get you some relief, some of these companies are wolves in sheep’s clothing in that they do nothing more than prey upon people in a bad financial situation for their own profit. Some of these companies will actually make your financial situation worse and many of these companies will take more money from you as a fee than they are lawfully entitled to take. Typically, you have to pay a monthly lump sum of money into a settlement fund from which these companies take a percentage each month. In the State of Florida, the company is not allowed to take more than 7.5% of your monthly payment or $35 whichever is higher. It is very hard for these companies to turn a buck at those low values so there have been many instances where our Firm has sued companies for taking more money from you than they are legally allowed to take. If this occurs you may be able to sue the debt consolidation company, have them give you any ill-gotten money back, and also make them pay your attorney’s fees.  If the offer these Debt Consolidation Companies in Spring Hill are offering “sound to good to be true” it is most likely a scam. If you feel like you have been victimized by one of these types of companies please feel free to call our office for a free consultation.