Start New Settlement LLC d/b/a Start New Financial If you are aware of a debt settlement company that is operating in Montana but is not on the list of registered debt settlement companies, please call the Office of Consumer Protection at (406) 444-4500 or (800) 481-6896 and report it immediately.īeyond Finance, Inc, f/k/a Accredited Debt Relief If you choose to work with a debt settlement company, it is critical that you read and understand the entire contract before signing. It simply means the company has met the minimum legal requirements to provide debt settlement services to Montana residents. A registered debt settlement company is not supported or recommended by the Office of Consumer Protection. Your creditors may sue you in court and you may be responsible for any legal fees you accrueĭebt settlement companies operating in Montana are regulated by the Department of Justice and are required to register with the Office of Consumer Protection.You may have difficulty obtaining credit in the future.Your credit report may contain damaging information.If you have stopped paying down the balance on your debts, even if on the advice of your debt settlement provider, the following could occur: There are other risks associated with debt settlement companies. Some debts forgiven are considered reportable income under the Internal Revenue Code. You should be aware that no matter which method you use, you may have to pay more in taxes on your next tax return as a result of negotiating a lowered debt balance. You can also hire an attorney to act on your behalf or you can use a debt settlement company. Consumers can arrange their own settlements by using advice found on this and other websites. The debtor and the creditor agree upon a reduced balance that is considered payment in full. If a debt management company states that it is endorsed by the State of Montana that is not the case.ĭebt settlement is a way to decrease debt. No State Endorsement: Licensing with the Office of Consumer Protection does not imply any endorsement or promotion of these debt management companies. * Businesses marked with an asterisk have a Debt Management renewal application that is pending. Springboard Nonprofit Consumer Credit Management, Inc. North Seattle Community College Foundation d/b/a American Financial Solutions Garden State Consumer Credit Counseling, Inc. d/b/a ApprisenĬonsumer Education Service d/b/a Start Fresh Today d/b/a Affordable Bankruptcy Courses d/b/a CESI Debt SolutionsĬonsumers Alliance Processing Corporationįamily Credit Counseling Service, Inc. d/b/a National Foundation for Debt ManagementĬonsumer Credit Counseling Foundation, Inc.Ĭonsumer Credit Counseling Service of the Midwest, Inc. If you are aware of a debt management company that is operating in Montana but is not on the list of licensed debt management companies, please call the Office of Consumer Protection at (406) 444-4500 or (800) 481-6896 and report it immediately.Īmerican Consumer Credit Counseling, Inc.Ĭonsumer Credit and Budget Counseling, Inc. It simply means the company has met the minimum legal requirements to do business in Montana. #Freedome debt relief license#This license does not mean the Office of Consumer Protection endorses, supports or recommends any debt management company. You will generally have to pay a monthly fee to cover the debt management company’s services.Īny company that offers consumer debt management plans to Montana residents must be licensed by the Office of Consumer Protection. During that time, you may be required to close all open credit accounts and not open any new ones. It can take several years to completely pay off your debt under a debt management plan. Debt management companies offer a variety of financial education programs and may be able to obtain other benefits from your creditors such as lower interest rates, lower monthly payments or having your account marked as current. The debt management company then makes payments to your creditors on your behalf. When you work with a debt management company, you make one monthly payment to the debt management company instead of multiple payments to each creditor. There may be help available from an attorney, a debt management company or a debt settlement company. We recommend you first meet with a credit counselor to determine which course of action is best for you.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |