United Debt Management

This company does not actually perform the debt negotiation services that they advertise on their website. They refer clients to their affiliate, U.S. Financial Management. The company advertises that they are able to settle debts for far less than the amount owed, avoid bankruptcy, stop creditors calls, and that the process is more effective than those provided by Debt Counseling Services. Complaints about similar offers allege: that creditors continue to harass them, fees and interest continue to accrue, their credit is worse than before, that creditors were not contacted, and creditors sue for payment. Specifically, these companies rely on negotiating with the creditors for a lump sum payment, which generally requires the consumer to withhold payments for an extended period of time. Also, the fees for these services are generally required to be paid in advance before any services are performed. It is during this time that the creditors will likely take steps to secure payment, such as; telephone calls, derogatory credit reporting, arbitrations or law suits. For the foregoing reasons, we advise caution in dealing with debt negotiation/settlement companies.