Debt Settlement Program

Archive for the ‘Debt Information’ Category

According to the Federal Trade Commission, debt settlement scams prey on thousands of people every year. These debt-laden consumers are scammed out of more than a thousand dollars each in up-front fees by unscrupulous companies promising to make them debt free. The marketing hype makes these debt settlement programs sound like the answer to their prayers only to find out too late that they instead are thrust deeper into the pit of financial ruin. Read the rest of this entry »

If you are comfortable with your negotiation skills and find it unnecessary to use a debt settlement program offered by various companies, you can try to settle your debts by yourself. There are rare instances when the creditors themselves initiate the process of settlement by sending you an offer letter. However, in most instances you have to start the ball rolling. You can do this by sending your creditors a debt settlement letter. Read the rest of this entry »