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Novadebt: 4 Positive reasons to work with them





Sub: Novadebt: 4 Positive reasons to work with them
Thu, 11/04/2013 05:13

Can anyone tell me anything about Novadebt??



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Debt Samaritan
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Credits: 381825.69881105 Send message to SOAPLADY

Sub: #1 Quote:They say there are non-profit but they get kickbacks from Wed, 08/29/2012 - 05:14



Quote:
They say there are non-profit but they get kickbacks from the credit card companies and the high management can make any were from 60-100k a year


Nonprofits still have bills to pay....rent, utilities, staffing, office expenses, taxes. And $60-100K a year is not a high salary.

The kickbacks are called "voluntary contribution"....Consumer Credit Counseling Service asks for a contribution from the creditor.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html


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Sub: #2 They know how low they can get your apr at the beginning of the Tue, 08/28/2012 - 20:56



They know how low they can get your apr at the beginning of the call.

They care more about the credit card companies because of there partnerships with them. They say there are non-profit but they get kickbacks from the credit card companies and the high management can make any were from 60-100k a year

They tell you that you must put all credit cards on a DMP Program that is untrue they just want the kickback from the creditors.

They treat there employees like crap


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Debt Samaritan
Posts: 17118
Credits: 381825.69881105 Send message to SOAPLADY

Sub: #3 That is very good information to know....any other insider tips Fri, 06/22/2012 - 09:10



That is very good information to know....any other insider tips you can give us on debt management plans?? In your opinion, do you recommend this program or any others like CCCS? Is corporate sponsorship a big thing with non profits???

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html


Unregistered

Sub: #4 I was a Novadebt employeeFri, 06/22/2012 - 09:02



I use to work for Novadebt, there are some counselors who really want to help you, but if you are a Bank of America client the counselors are instructed by the higher up's to push you into a Debt Management Program (DMP).


We were told not to advise Bank Of America clients to file Bankruptcy because they are such a big referral partner.

We also would tell our clients that the conversation was confidential but Bank of America would pull a number of calls each month to review.

The counselors are also held to a strict production we had to enroll a certain amount of people each month or risk being fired, so for many it didn't matter if enrolling was the best thing for a client!!!!!!


Unregistered

Sub: #5 is this site being monitored and comments deleted?????Mon, 05/14/2012 - 11:50



Hello, I have just posted a reply and comment to one of the inputs...
I do not see my comment anywhere in the 3 pages????
is this forum monitored??? I did not say anything bad at all, just a comment about the mistat of the lady who said she paid off 90K in debt in less than 5 years, while I think it should take more...that is all...Hmm, I am definitely suspicious now!!!


Unregistered

Sub: #6 Hello, I am new to this. I also was referred to NovaDebt by B ofMon, 05/14/2012 - 11:34



Hello, I am new to this. I also was referred to NovaDebt by B of A. the more I read about this in these Forums, the more I think, these people who put satisfactory ads like these, are part of the organization. They are here to prey on persuading a lost/disturbed soul who is going into hardship to go into another worst. Please when you give/declare your experiences with any DMP, please substantiate your claim with some numbers. 90K debt will require a payment of more than 1500.00/month for more than 5 years...
Please give out complete details of your deal and help out the lost souls that are going thru this nightmare. Thank you.


Sub: #7 So much more than debt consolidationSat, 09/10/2011 - 11:02



I was a client of NovaDebt back in the mid 1990s when they were Garden State Consumer Credit Counseling. To those who say they are just credit counseling - get your facts straight. They are debt consolidation and credit counseling and SO MUCH MORE. They helped me then when I was a victim of all the credit card marketers targeting college students. I got sucked in and paid dearly for it, but learned my lesson.

I am VERY thankful that many years later, NovaDebt/GSCC is still around, doing SO much more to help the public with many non-profit programs in the current poor economic state of the economy. For those in risk of foreclosure, NovaDebt offers loan mediation that each homeowner at risk of foreclosure is entitled to by mandate.

NovaDebt HAS MANY HOME SAVING OPTIONS IN PLACE RELATED TO LOAN MEDIATION PROGRAMS -- CONTACT THEM FOR MORE INFORMATION. They have helped me tremendously.

So do yourself a favor and personally look into NovaDebt's services and judge for yourself what they can do for you before you simply believe what these ignorant posts are by the people who post negative reviews on them and what NovaDebt has done to their credit report. "NovaDebt" doesn't do that to their credit - THEY do that to their credit - they just can't accept responsibility for their poor financial habits that got them their in the first place.

Other posts said it accurately ... your credit score may go down because of closing out credit cards (hence less 'credit') - not because of NovaDebts service.

I hope this helps.


Unregistered

Sub: #8 I have been with Nova Debt since 5-11-2007, I had a total debt oWed, 07/13/2011 - 12:07



I have been with Nova Debt since 5-11-2007, I had a total debt of over $25,000.00. I now had a balance of debt of less than, $ 2,000.00. which wilo be paid off by December of this year, 2011.
yes it took 4 years to pay down my debt, but it was the best thing I ever did for myself and my husband. I will be debt free, you have no idea how rewarding that feels.
I would have paid alot more with interest and late fees without Nova Bebt. If you need a good hand in your debt consolidation. Nove Debt is the best . I tried another financial company while with Nova Debt, but came to find out before making a dumb mistake and talking to a rep. rom Nova that it was a loan finance company promising pipe dreams. I can recomend Nova Debt highly, it's the only one I would, if you decide togo to a debt consoladation company this is the one. you can call them and they will listen also you can go on the internet and look them up, they are located in Freehold, NJ. good luck in your debt consolodation, it's a relief to know there are people out there willing to help and listen to your debt problems...


Unregistered

Sub: #9 Its not Nove Debt that is hurting your credit scores, its who evMon, 04/04/2011 - 04:34



Its not Nove Debt that is hurting your credit scores, its who ever you owe money to. I applied to my bank for the Help for Home Owners and they screwed my credit up. This time I will use Nove Debt. When I spoke to Chase before I applied, I asked for help in the application and was told many time that they would not allow me to have help. At the time I did not know that they broke Federal Law by denying my request. I finally found someone who told me that Bank of America had given her Nova Debt's information, she got help and told me to use them.


Unregistered

Sub: #10 nova debt really helped meSat, 03/26/2011 - 19:26



Hi i have been using nova debt for two years, just finished paying off my credit card. This company and its employees have really helped me.

Two years ago i was in a financial bind and i went online to find a nonprofit agency that would help -thats when i came across the name nova debt. I called and spoke to a counselor. She explained to me that they would act as the middle person with the credit card company and negotiated for a lower interest rate by sending a proposal which the credit card company accepted. The interest rate on my card went from 19.99% to 6% and i did not miss one payment even at times when things were rough. I have encouraged my uncle as well as other family members to join and they love working with them.

Now that the program is over, i will receive a point on my credit score plus a certificate from nova debt in addition to a letter saying my balance is paid off in full.


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