Posts Tagged ‘How to Select a Debt Settlement Company’

How to Select a Debt Settlement Company

Posted on: January 23rd, 2008 by Kenneth Long No Comments

DON’T!

That should just about sum it up. Debt settlement companies:

  • Cannot reduce the debt lower than you can negotiate
  • Cannot help you avoid legal action such as judgment and garnishment
  • Charge you monthly fees of $35 or more
  • Charge you a percentage of the savings
  • Fail to disclose potential taxes on forgiven debt that you will owe
  • Have a dismal success rate
  • Have horrible ratings with the Better Business Bureau, with only a few exceptions
  • Are mostly for-profit corporations

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