Got Debt? Bankruptcy may be your best option.

Got Debt? Bankruptcy may be your best option.

Consumer debt is approaching $2 trillion and millions of Americans are in serious financial trouble. Many are turning to debt consolidation services due to television and other large scale advertising campaigns promising lower monthly payments and interest rates. Consumers are drawn to such programs to avoid filing for bankruptcy relief.   However, through the course of my practice I have seen many clients who are far from satisfied with debt counseling and debt consolidation and wish they filed for bankruptcy much earlier.   Below you will find actual sample complaints regarding debt consolidation.

Generally, in a debt consolidation plan one makes a monthly payment, which unfortunately is subject to change because it is not a court supervised plan.  This monthly payment is supposed to go into an account earmarked for future negotiation with the creditors.  However, as the consumer is paying into the debt consolidation account, the credit account balances continue to rise.  In most cases the credit account balances continue to rise faster, due to interest, penalties and late fees, than the consumer can save (especially after debt consolidation fees and costs).  Moreover, the creditor need not accept the proposed settlement and the debtor will still find themselves in collections and lawsuits. Therefore, the consumer who was promised lower monthly payments and interest rates, usually faces a larger amount of debt after commencing debt consolidation.  Government regulation is extremely lax regarding these companies and new laws need to be implemented to better protect the consumers.  Lastly, in some Philadelphia, PA bankruptcy cases tax debts and utilities are included, however, debt consolidation programs they are not.

Below you will find three complaints regarding debt consolidation programs and companies, thousands more may easily be found.  The complaints were submitted to and are posted on http://consumeraffairs.com/debt_counsel.

COMPLAINT #1
I contracted with this debt consolidation company to negotiate on my behalf with my credit card companies to enter into a debt reduction program. I was told payments were made, when in fact they were not, causing the accounts to go into default. This has resulted in the interest rates to increase by up to 13% and my payments to be more than they were previously. My credit has been ruined. They lied to me every time I called them regarding payments made. I had statements reflecting the fact that no payment had been made, but they told me they were. I had to speak to a different person each time because they do not keep employees over 1 week. I tried unsuccessfully to get at least some of my money back.

My credit has been ruined. My payments and interest rate are much higher than they were before. I owe huge payments because of their defaults and nonpayments. I have lost sleep. I am very stressed out because of the financial concequences of their actions.

COMPLAINT #2
I’ve Been paying some of my debtors through American debt management one in particular is C.T.I. (CARE CREDIT). About every 3 months or so I get a call stating they haven’t received a payment since January yet every month they are debiting my checking account 370.00 for the past 4 years. Feel I’m being taken for a ride here

COMPLAINT #3
I entered in on an agreement with Freedom and ended up being late on all my credit card bills and now I owe more to my credit cards than I ever did before. They did not settle any of my big amounts except for a Best Buy for
500.00. I was paying them almost 800 a month for nothing.

COMPLAINT #4
We enrolled with DebtFree America to try to help us with our debt. We have always had good credit and paid our bills but fell on hard times and decided to get help with a credit counselor which was DebtFree AMerica. We were charged $539 up front and a monthly fee in return for them lowering our interest rates and helping us to get on our feet.

We discovered in about 2 months that not only didn’t they lower our interest rates but actually ruined our credit by not sending correct amount of money for the payments and being late which in turn cost us $70 in late fees. We canceled the service but they refused to reinburse us our $539. We feel as though they didn’t live up to their promises and we should receive our money back. Damage Resulting: They have ruined our credit and cost us late fees.

A consumer facing debts should consider a free face-to-face initial
consultation with the Philadelphia Bankruptcy Lawyers at Sadek Law Offices, LLC before making any decision regarding their debts.

If there are any general questions or topics you would like to read about
relating to bankruptcy law in the Philadelphia, Pennsylvania region, you may contact Sadek Law Offices, LLC at 215-545-0008 or email brad@sadek-cooper-site. Thank you.

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Thomas Wright
Thomas Wright
15:09 24 Apr 18
Sadek and Cooper Law did a great job on my bankruptcy case. I really appreciate their assistant. Thank you
Kelly McKenna
Kelly McKenna
11:57 19 Apr 18
This form - specifically Yoninah Orenstein and Patrick Cooper are PHENOMENAL. They were great to work with, very fair with legal fees, and successful in getting an excellent settlement for my divorce (short term marriage
Dessiana Cruz
Dessiana Cruz
13:11 04 Apr 18
I was nervous about bankruptcy, but from the moment I stepped in your office I felt at ease. This process was so easy with your help, that yesterday I was talking to my coworkers about it and recommending your firm to them. You make something that’s scary seem easy and I thank you so much for helping me!
Valerie Nesbitt
Valerie Nesbitt
14:51 03 Apr 18
Sadek and Cooper have been excellent. Everyone has been extremely helpful and patient. The lawyers I have worked with, Matt and Brad, are extremely knowledgeable. I felt very comfortable with them handling my case.
Marlena Lucas
Marlena Lucas
16:08 02 Apr 18
Very simple. Any time I had questions, they were answered quickly. The lawyers are just great. Just a fast painless process.
James Smith Sr
James Smith Sr
13:19 14 Mar 18
Everything has been great. Really awesome job with my case... You and your staff have done a perfect job in my opinion.
Michkel Davis
Michkel Davis
17:02 09 Mar 18
Mr. Sadek was the best and most thorough lawyer I’ve ever met. He’s very human and caring about our case. His whole staff is great too. Highly recommend...
Tamika Richardson
Tamika Richardson
14:56 01 Mar 18
My bankruptcy went very smoothly with your firm. No issues. You are all very nice. That’s why I recommend my sister to your firm and your now helping her too! Thanks again.
Geraldine Ross
Geraldine Ross
14:14 28 Feb 18
This is an Excellent firm to work with; my questions were answered in a timely manner and I felt very supportive in handling my bankruptcy. I would highly recommend this firm to others who have found themselves in a position like mine.
Lavern Baker
Lavern Baker
17:03 23 Feb 18
You are all super lawyers. Brad and Matt made me feel comfortable. Every one in your office so nice and just made it easy. You’re the best!
peter b
peter b
19:42 21 Feb 18
Thank you, Sadek and Cooper Law offices for your dedication on my behalf. I appreciate Matthew and Patrick and your staff and all that everyone did to support me in this legal matter. You took an embarrassing, sad experience, for me, and turned it into a successful solution without all the emotional pain expected. After dealing with a loan modification company for over eighteen months without going to an attorney first that is the biggest mistake anyone can make. The Modification Companies set out to sell you lies, broken promises and dilute the homeowner's assets with no knowledge of any kind of law. I can't stress enough stay away from Modification companies, as a Military Veteran and family man, protect you or your family best interest. Go directly to Sadek and Copper you will not regret it! This firm moves with Super speed and diligence protecting you and your family's the entire process, even after watching some of these other attorneys in the courtroom appearing to mishandled their clients’ cases before the Trustee. You made it easy and I’m finally getting my financial life back on track! Thank you for your prompt replies to me, your clear information and preparation needed when at the courthouse. I would of course recommend you to others and I am glad you were the one who had my case. Kind genuine law firm who treats you like family. God bless you all and I pray for your continued success in your field of expertise. This firm is Super Lawyers for a reason. They are the best at what they do! Pete
Doug Tinlin
Doug Tinlin
06:55 15 Feb 18
Brad Sadek gave me hope when he decided to handle my mortgage for enclosure defense. I had exactly 10 days left of the 30 days ultimatum given me, but he was able to bargain for an extra 30 days for me to pay up. That duration turned out just right.
Jacinth Jacinth
Jacinth Jacinth
16:07 31 Jan 18
Excellent service. Brad and Matt were outstanding and friendly. They helped me through this. I’ve never met attorneys like these. Thank you!
julie njoku
julie njoku
12:29 24 Jan 18
Brad Sadek is excellent!. He understands and he's fair. You feel like you have someone fighting for you. The staff is friendly, professional, and courteous. These guys are the best at what they do !
Owen Black
Owen Black
20:14 09 Jan 18
Thanks for the great service! I would recommend this firm highly. Throughout the years I have been helped by this firm greatly and very much appreciated.
Steven Rychalsky
Steven Rychalsky
15:30 09 Jan 18
Sadek and Cooper law office was a wonderful experience to work with. Bankruptcy is a difficult experience but they helped with the stress so much and made it easy. I would recommend Sadek and copper too anyone.
Chris Kourelias
Chris Kourelias
19:09 28 Dec 17
Working with both Brad & Matthew was a pleasure. Both gentlemen are extremely knowledgeable and helpful in providing me the right assistance needed to make the correct decision to benefit me in the long run. I would recommend both candidates to anyone looking for assistance with a reputable law firm.
Jennyfer Santana
Jennyfer Santana
21:17 21 Dec 17
Highly Recommended. Matt & Brad assisted with my case. I felt comfortable throughout the entire process. Matt was very understanding, patient, and ensured he answered all my questions! Both great guys and very friendly! It was a pleasure working with Matt and Brad.
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