Settling excessive debt is not easy. Doing it yourself may take significant time and energy, and may not be successful. Hiring a debt relief group to do the job for you is an often preferred choice. One such company, Debt Settlement USA, has been in the business for about ten years. DSUSA has a fairly clear and easy to maneuver website that explains much of their process in settling debt. They handle debts of $12,000 or more, with at least $1,000 of debt due to each of your creditors. Most credit card, medical, rent, and unsecured loan debts are dealt with.
DSUSA presents itself as a advising and negotiating company. Upon your qualification and contract, they are to contact each of your creditors and settle debt for anywhere between 40% and 60% of your debt. Settlements are to occur between 18 to 36 months, and result in a lower payment and less amount of time that you’ll actually be in debt. It seems that they settle you for a single lump payment that wipes clear all the debt.
The problem, however, arises when you read Debt Settlement USA reviews. Nearly all the reviews available online are negative. Some mildly so, others aggressively so. It seems that many complaints have been filed against the company, to the point that the Better Business Bureau (BBB) has given Debt Settlement USA Inc an F rating on their scale of A+ to F. The company is not accredited by the BBB.
Dect Settlement USA complaints range from unprofessional employees, to debts not being fully settled, to unreturned phone calls, to outright refusal to return owed money or keeping payments for work that was never done. According to a number of customers, the company takes monthly payments from your account, some to be set aside and “saved” for the final negotiated payment to creditor, and some as their own company fees or payment. After a number of months, debts are still unsettled and DSUSA seems to back out on their word. Clients rage that they were able to do a better job at settling on their own, without DSUSA as mediator.
To counter these complaints, one Debt Settlement USA review points out that this company has been around for a number of years and has over 20,000 clients. This means service is not personalized, and complaints are filed; that is the norm and the expectation for such a large company. Especially a company in such a touchy business.
All in all, be a cautious consumer. Before making use of DSUSA’s services, do further research to confirm their validity and trustworthiness.
DSUSA presents itself as a advising and negotiating company. Upon your qualification and contract, they are to contact each of your creditors and settle debt for anywhere between 40% and 60% of your debt. Settlements are to occur between 18 to 36 months, and result in a lower payment and less amount of time that you’ll actually be in debt. It seems that they settle you for a single lump payment that wipes clear all the debt.
The problem, however, arises when you read Debt Settlement USA reviews. Nearly all the reviews available online are negative. Some mildly so, others aggressively so. It seems that many complaints have been filed against the company, to the point that the Better Business Bureau (BBB) has given Debt Settlement USA Inc an F rating on their scale of A+ to F. The company is not accredited by the BBB.
Dect Settlement USA complaints range from unprofessional employees, to debts not being fully settled, to unreturned phone calls, to outright refusal to return owed money or keeping payments for work that was never done. According to a number of customers, the company takes monthly payments from your account, some to be set aside and “saved” for the final negotiated payment to creditor, and some as their own company fees or payment. After a number of months, debts are still unsettled and DSUSA seems to back out on their word. Clients rage that they were able to do a better job at settling on their own, without DSUSA as mediator.
To counter these complaints, one Debt Settlement USA review points out that this company has been around for a number of years and has over 20,000 clients. This means service is not personalized, and complaints are filed; that is the norm and the expectation for such a large company. Especially a company in such a touchy business.
All in all, be a cautious consumer. Before making use of DSUSA’s services, do further research to confirm their validity and trustworthiness.
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