13625 Neutron Rd.
Dallas, TX 75244
Other Business Names: Debt by Debt Settlement
Summary of Business: Debt Settlement
Number of BBB Complaints as of 6/17/08: 37
Members of BBB: No
Business Start Date: November 2003
Number of Employees: N/A
Trade Organization Memberships: none

Note: PayingPaul.com could only locate a very minimal amount of information on Bella Financial. It should be noted that there is government action being taken against Bella Financial. It is unclear what the outcome of the legal case will be, however, the arguments of the Comissioner of the California Department of Corporations concern the following:

1) "Bella Financial claims it is a leader in debt settlement for consumers and that is our exceptional customer service and one-one one professional guidance are keys to our success.� Bella Financial falsely advertises to consumers that we can REDUCE your debt by as much as 40%-75% that consumers can become debt free in 36 months or less� and that Bella Financial provides the �most cost effective and easiest way to pay off your debts!�

2)"Based upon the foregoing findings, the Commissioner is of the opinion that Bella Financial, Inc., Bella Financial, Debt by Debt Settlement Services and Michael Hauser, in concert or participation with others, have been engaging in business as a bill payer or prorater as defined in the Check Sellers, Bill Payers and Proraters Law without licensure by the Commissioner and in violation of that law including overcharging consumers in violation of Financial Code sections 12314 and 12314.1. Pursuant to Financial Code section 12103, the Commissioner hereby orders Bella Financial, Inc., Bella Financial, Debt by Debt Settlement Services and Michael Hauser, in concert or participation with others, to desist and refrain from engaging in business as a bill payer and prorater unless and until they are licensed or exempt and from violating Financial Code sections 12314 and 12314.1."

These findings are from California Department of Corporation

Fees

What is the total fee for the program?

15% of the amount that a client owes

Over how many months is the fee paid?

N/A

Do you have a set up fee?

N/A

Do you have a money back guarantee?

N/A

Do you charge a fee based on how much I save?

N/A

Eligibility

What type of debt do you work with?

N/A

What is the minimum total unsecured debt one must have in order to qualify?

N/A

Does a client need to include all of their unsecured debt in the plan?

N/A

Services

Do you do the negotiations yourselves?

N/A

If back end, who is the company you use for negotiations?

N/A

Creditor Calls

Do you send a Power of Attorney to notify the creditors that a client is enrolled in your program right away?

N/A

Do you send a Cease & Desist letter to my creditors?

N/A

Can I change my phone number & address to your company�s phone number and address?

N/A

Do you have a consumer advocacy group help me with calls?

N/A

Are you concerned about the legitimacy of your debt management company? Check out some of PayingPaul.com's articles on scams, rip offs, and fraud

Want to get a free quote from a debt management company? Fill out a form and PayingPaul.Com will match you up for free!

(Disclaimer: In no way should this be construed as a formal statement made by the company about the services it offers. Moreover, although an effort has been made to keep this information up to date and accurate, in no way is this a comprehensive overview of the company profiled. For complete information, please contact a representative from this company.)