Is Bankruptcy Right For Me?
That is a question a lot of consumers have been asking themselves the last few years. There are several different options a consumer must consider when trying to determine which specific course of action to take when dealing with troublesome debt. Even though at New Era Debt Solutions, we offer an Debt Relief alternative option to reduce debt and avoid the need to file for bankruptcy, we still feel strongly that a consumer must explore all options before they can make an educated decision about which strategy will make the most sense for...
read moreBest Debt Settlement Companies
With all the negative press surrounding the debt settlement industry, it is clear to most consumers that there is certainly an abundance of bad players in the marketplace. Consumers must take their time and really do their research to discover who the Best Debt Settlement Companies are. With every program claiming to be “the best” and consumers feeling the constant stress of debt collector phone calls and bills piling up, it makes it very difficult for a consumer to take their time and really investigate every program they come...
read moreNegotiating With Credit Card Companies
Many consumers are under the false assumption that they need to hire an attorney when negotiating with credit card companies to settle debts. The reality is that anyone can attempt to negotiate with creditors including the consumers themselves. I don’t want to imply that there are not attorneys out there who can effectively negotiate with creditors, but unfortunately there are many sales organizations working for large debt relief attorney firms that often utilize scare tactics and misinformation to sell their services. Negotiating With...
read moreDebt Settlement Los Angeles
In business for over 10 years with an A+ BBB rating, New Era Debt Solutions is the Go To source for help with Debt Settlement in Los Angeles. The above article, written by Jenny Werth describes an exhaustive search for an honest debt settlement company. She goes on to share that she just never felt comfortable with any of them until she was introduced to New Era and their “consumer friendly” approach, which is highly unique to the industry. Debt Settlement Los Angeles Like many California cities, Los Angeles has been hit hard by...
read moreCalifornia Debt Consolidation
California has been hit especially hard by the recession over the last 5 years and consumers across the state have been struggling to keep up on their high interest credit card payments as debt consolidation loans have become almost non existent. The easy credit that came during the boom times played a major role in hiking the cost of living in California to one of the highest in the nation. Many consumers were compelled to borrow money simply to afford to stay living in the state. Before 2006 it was painfully simple to get a California debt...
read moreHave You Been Scammed or Ripped Off? How to Get Help and Get The Problem Resolved.
If you feel like a company you paid for a service has not delivered the best place to start to attempt to resolve the issue is to contact the company directly. If you’ve tried repeatedly to get your issue resolved by sending an email or leaving voicemail and that’s not getting any attention, send a letter by some traceable means that provides you with proof of delivery. A signature or name of who signed for it is even more beneficial. The least expensive service to use of to send your letter through the post office by certified...
read moreHow Does Debt Settlement Work
Consumers are often confused about how exactly debt settlement works. Much of the confusion comes from debt settlement sales affiliates trying to sell a strategy that in reality they know very little about. It is first very important to understand what Debt Settlement is and what it is not. Debt Settlement is not a pain free way to cut your debt in half by making small payments for 4 or 5 years. However, under the right circumstances, although not fun and painless, Debt Settlement is the fastest and least expensive way out of debt short of a...
read moreNew Era Offers A Professional Referral Partnership Program – A Trusted Resource For Your Clients
Debt Settlement Affiliate Program If you are a Financial Planner, CPA, Bankruptcy Attorney, or any other professional who works with consumers to improve their financial situations, New Era Debt Solutions would like to speak with you about our Debt Settlement Affiliate Program. Our Debt Settlement Affiliate Program provides financial professionals with a great referral resource for their clients who are deep in debt and in need an honest consultation about a possible debt settlement option. As a leader in the debt settlement industry for over...
read moreDebt Relief Scams Dominate Debt Settlement Says NY Department of Consumer Affairs
Debt Relief Scams The New York Department of Consumer affairs recently announced that they consider debt settlement companies who charge consumers upfront fees to be the biggest fraud of the year. We couldn’t agree more. Even though recent laws have thankfully forced debt settlement companies to stop charging upfront fees and finally start putting their clients first, there are still a large number of programs who seem to have not quite gotten the message. In the past year, regulators have sent a clear message to upfront fee debt relief...
read moreIs Debt Settlement A Good Idea
I was recently on a financial forum and a reader asked “is debt settlement a good idea?” Of course he received all of the classic responses one would usually get asking a question like that on the Internet. There was the debt settlement sales affiliate, predictably praising all the virtues that debt settlement has to offer. The former consumer credit counseling employee attacking the debt settlement affiliate for scamming people out of their money and advising the client to never look into debt settlement. The...
read moreDebt Settlement FAQ – Straight From the Experts
With so much misinformation floating around the Internet about debt settlement, we would like to provide consumers with a resource for getting honest answers to their debt settlement questions. Deciding whether or not to employ a debt settlement strategy to climb out of debt is not a decision that should be taken lightly and without the straight facts, a consumer is very likely to make the wrong decision. So rather than make important financial decisions based on information learned from a random debt settlement affiliate sales person, the...
read moreCredit Card Debt Lawsuit – 5 Things You Must Know Before Settlement
When consumers are forced to fall behind on their maxed out credit card bills in order to pay for their necessities, one of their biggest fears is the possibility of receiving a debt collection lawsuit for their unpaid credit card debts. For many, the fear is so strong that they will unwisely drain all of their savings and retirement accounts in an attempt to fight a losing battle maintaining minimum payments. Often times, consumers facing this situation will explore the option of negotiating their debts down to a lower amount, in an attempt...
read moreNew Era Debt Solutions Complaints
At New Era Debt Solutions we are extremely proud of our extensive, 10 year plus, track record of assisting consumers with financial issues. If you pull up our record with the Better Business Bureau to take a look at the New Era Debt Solutions Complaints, you will find that there have only been 7 resolved complaints over the past 3 years and none within the last 12 months. This is pretty impressive considering that we have assisted thousands of clients to resolve their debt issues with their creditors. New Era Debt Solutions Complaints are very...
read moreDoes Debt Settlement Hurt Your Credit Score?
Does debt settlement hurt your credit score? The answer is an absolute YES. Any time you are unable to pay a debt in full and according to the terms of the agreement it could potentially get reported to the credit bureaus and have a negative effect on your FICO score. How much of an effect will depend on your own unique situation. To understand how debt settlement will hurt your credit score, you need to have a basic understanding of the debt settlement process. Typically a consumer who is looking at a debt settlement solution to get out of...
read moreTop 5 Reasons You Should Never Pay a Debt Settlement Company Upfront Fees
These days there is more confusion in the Debt Relief market than ever with the passage of new consumer protection laws in 2010 banning debt settlement companies from charging their clients fees before they perform settlements. Sadly, this has not stopped numerous shady operators from looking for loop holes and continuing to gouge consumers with high, unnecessary and unethical upfront fees. Legality aside we put together a list of the Top 5 reasons that a consumer should never consider enrolling with a debt settlement company that charges...
read moreAlex Viecco – Trials and Tribulations of Navigating a Legitimate Company in a Sea of Ne’er-do-wells
As one of the founding members of the newly formed American Association of Credit Counselors (AACC), Alex Viecco was invited to contribute an article to GetOutOfDebt.org, sharing his thoughts on the state of the Debt Settlement industry today. Alex sheds some light on how the industry has changed over the last decade and how “shady operators” continue to make things difficult for legitimate companies to reach consumers in need. Here are some excerpts from the article: Plenty of wrong doing, money hungry people have come and gone....
read moreNew Era Debt Solutions Scam or Not?
With all of the upfront fee debt settlement programs, and just flat out financial scams floating around out there today, it is more important than ever for consumers to take their time and properly review any company they are potentially entrusting their financial futures to. Given that this article is posted on the New Era Debt Solutions Blog, you might feel that an article titled New Era Debt Solutions Scam, is going to obviously show New Era not to be a scam. So rather than explain all of the reasons why we feel that we are one of the best...
read moreAs an Accredited Member of The BBB For 10 Years, New Era Debt Solutions is Proud of Their A+ Rating
New Era Debt Solutions BBB Among the many industry badges you can often find plastered on debt settlement websites, the one badge typically missing is for the BBB. The reason for the absence is simple. If a company has a lot of complaints, or a very unfavorable rating, they certainly are not going to highlight that blemish by providing consumers with a direct link to it. Over the years, the blatant consumer abuse by most operators in the debt settlement space has caused the BBB to give most all debt settlement companies very unfavorable...
read moreNew Era Offers Consumers a Free Copy of Gerri Detweiler’s New Book, Reduce Debt – Reduce Stress
Gerri Detweiler: Reduce Debt, Reduce Stress For a limited time New Era Debt Solutions is giving away free copies of Gerri Detweiler’s new book, Reduce Debt Reduce Stress – Real Life Solutions For Solving Your Credit Crisis. Gerri’s newest book, was written with co-authors Marc Eisenson and Nancy Castleman, and is designed to help you find a solution for your money troubles. Starting with a simple effective “Debt Triage” chart, you’ll learn which options for conquering debt can work for you, including...
read moreNew Era Debt Solutions Announces 50% Off Debt Reduction Program For Our Military Personnel
Massive debt is an alarming problem among United States military personnel. A recent study conducted by the Investor Education Foundation of the Financial Industry Regulatory Authority (FINRA) in consultation with the Treasury Department and the President’s Advisory Council on Financial Literacy found that military personnel and spouses are generally heavier users of credit cards than civilians, and they are more heavily indebted to credit card issuers. New Era Debt Solutions has set out to help fix that situation. The debt...
read moreNew Era Debt Solutions – Proud to be a Founding Member of the American Association of Credit Counselors
American Association of Credit Counselors After taking a stand for consumers and revoking its membership in TASC several months ago, New Era Debt Solutions has been working with a small handful of consumer focused debt settlement companies and consumer advocates to form the New American Association of Credit Counselors (AACC). This small and unique group of companies have been running their businesses in a very consumer focused way for many years and were doing right by their clients long before the FTC was forced to step in and require the...
read moreNew Era Debt Solutions Takes a Stand For Consumers and Publicly Revokes Its Membership in TASC
When New Era first applied for membership with The Association of Settlement Companies (TASC) several years ago, it was to become part of an organization with a very noble goal of creating Debt Settlement standards and practices to help protect consumers. Unfortunately, TASC took its eye off the ball and eventually became what appeared to be an industry association simply looking out for the best interests of the association members and not for consumers themselves. As a company we started to see these changes taking place rapidly over the...
read moreNew Era Debt Solutions Backs FTC Ban on Upfront Fees With Enthusiasm
Last week the Federal Trade Commission announced its breakthrough FTC regulation aimed at protecting unsuspecting consumers from unscrupulous practices by some debt relief and debt settlement companies. Although surprising to some, New Era Debt Solutions had a one-word response: “Finally!” Among other things, beginning October 27, it will be illegal for companies to charge any fees before a debt is settled, and New Era Debt Solutions feels this is the way business should be done. The FTC regulation became necessary due to...
read moreTerry Savage and The Chicago Sun Times Put New Era Debt Solutions To The Test
The following article appeared today in the Chicago Sun Times… Firm accepts challenge and saves reader big bucks — but it’s still buyer beware June 28, 2010 BY TERRY SAVAGE Over the years, I have written several columns about the dangers of debt settlement firms. My main complaint is that they are expensive, unregulated and may cause more problems for your credit than they solve. Most of these companies suggest you stop paying your credit card bills — and instead divert that monthly amount to a set-aside account. When...
read moreNew Era Debt Settlement Pushes the Bar Higher With an Industry First Triple Guarantee
New Era Debt Solutions, a national leader in providing consumers and small businesses financial relief through debt settlement, today launched yet another first in the market– the Triple Guarantee. This policy, included in New Era’s updated client contract, enhances the company’s existing performance-based compensation model, a fee structure that allows the majority of fees to be paid only after the client’s debts have been satisfactorily settled. The Triple Guarantee offers customers an increased level of...
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