Warning About Debt Settlement Companies

http://www.DebtWorkoutCoach.org

The New York Times has an article about credit card companies and banks making offers to consumers to settle debts for a fraction of the original amount they owe. If consumers can get these offers from banks, why do they need debt settlement companies? And why are they paying such large amounts of money to debt settlement companies? Is this a scam?

Category:

Howto & Style

Tags:

• bankruptcy
• credit
• cards
• debt
• settlement

[chelanchris50]

we went with morgan drexan for our debt settlement. they are expensive but they DID get the phone calls and mail stopped. in the process we did get a few offers directly from the coll. agencies to settle(they were tired of waiting). this way we did'nt have to pay the settlement fee.yes our credit scores are now low but i consider that a blessing because my wife is addicted to credit. with low scores she won't be able to charge anything for a long time.:) :)

[asianinthepacific]

thanks info was great. keep up the good work.

[1SexyLucian]

Thanks For Sharing Your Knowledge

[nfwvideo]

the only way they stop mailing or calls is if you file for bankrupsy

[dahlia8666]

anadadebtconsolidationnow com - provides 7 alternative ways to get out of debt for Canadians

[LBrobie]

Thank you for your videos!!