bankruptcy attorneyIt’s common for people  in debt to turn to “debt-relief” agencies that advertise how their payment plans are the answer for those trying to dig out of debt. The Federal Trade Commission reached a settlement with one such debt-relief operation for close to $8 million.  No unlike other such debt-relief agencies, DebtPro 123 promised those seeking their help, resolutions for their debt that wasn’t based in reality. DebtPro 123 told people seeking their help that they would reslove thier unsecured debts, including: collection agency debts, student loans, personal loans, medical bills and department store accounts.  DebtPro 123 indicated that their process was quick. Thus, what they promised was entirely unrealistic. Typically, there is no simple, quick solution to paying off debts unless you have the capital to do so by making sizable payments. 
 
Debt 123 made claims of having a two step approach. The first step required their victims to first make payments into the coffers of Debt 123. They represented that this was to allow Debt 123 to have the necessary leverage to negotiate their accounts with their creditors. During the next phase, Debt 123, was said to be dutifully negotiating to magically whittle the debt down to a fraction of what it was. Debt 123 advised people to discontinue their payments and not to communicate with their creditors.  People would learn that Debt 123 wasn’t taking the steps they claimed they would for them and their debts were growing larger from the interest and from being penalized.
 
When DebtPro 123 did manage to reach settlements for the debtors it was usually not much less that the amount originally owing on the accounts.  It had been alleged that some of their victims had wages garnished; lost their homes; ended up with more debt and at times sought protection through filing bankruptcy.Â