What Is The Difference Between Debt Settlement, Debt Consolidation and Credit Counseling?

When struggling with debt, consumers often do not know what their best options are. There are three different services that some of our clients frequently consider before filing for bankruptcy: Debt Settlement, Debt Consolidation and Credit Counseling. These terms are sometimes used interchangeably but they are indeed different and have very different costs, effects and […]

Can I Cancel My Contract With A Debt Settlement Company?

More and more frequently, we are finding that some debtors with whom we meet, have already hired a debt settlement company to attempt to resolve their debt issues, prior to coming in to meet with us. The debt settlement companies advertise that they can settle with credit card companies for a fraction of the debt […]

Is Debt Settlement a Good Idea?

Consumers who are struggling with credit card debt are often not sure where to turn for help. Recognizing this, for-profit debt settlement companies, who utilize savvy advertising methods, attempt to prey upon consumers and entice them into resolving debt issues through debt settlement “programs.” In these so-called programs, the debt settlement companies claim they will […]

Debt Settlement Companies: What They Don’t Want You To Know

Debt settlement companies are for-profit, multi-million dollar businesses that typically promote their services as debt consolidation “programs”. Debt settlement companies sell their services by stating that they can significantly reduce their client’s credit card balances by negotiating with creditors to achieve a lump sum settlement. Typically, debt settlement companies advertise that they can save consumers […]