Posts Tagged ‘debt settlement company’
Beware Of So Called Credit Consultants
Not a long time ago, a nice gentleman came over to talk about his issues with debt with me. This man happened to have something close to one hundred thousand dollars in debt, debt that he accumulated over the years when he was hoping to make one of his business succeed. He was under the idea that within some time, like a few months maybe, this business would be doing really well and that he would easily be able to settle his debts. However, time kept on going without the business producing and then all of a sudden, it was out of hand and he came to the realization that he couldn’t deal with it himself and that he was going to go look for some kind of debt or credit counseling. Along the way he came into this company which basically told him that with a payment of fifteen hundred per month for three or four years, that would take care of negotiating his debts with his credits and he would be off the hook. He had to make minimum payments that were beyond that anyways so by just paying debt like that, he would be in debt for another 20 years at least.