Thursday, January 8, 2009

You MUST Read This Article To Find Out Whether Your Credit Card Debt Relief Company Is A Scam Or Not!

Many people are in such bad shape and so desperate it puts them at a state of mind that makes it easy for them to get taken advantage of by an unscrupulous credit card debt relief company. After you get done reading this article you will have a much better understanding how to differentiate between a bad company and a good one.

26 comments:

Sire said...

That was a fairly long article wasn't it. I suppose the best solution is to not get into that kind of debt in the first place. While the system may work where you stop making payments so that they will accept a lesser amount, I could not do it unless I honestly could not meet payment. Then again, I don;t believe I would allow myself to get into such a situation because I only buy what I can afford.

Steve Martin said...

Unfortunately Sire, quite a lot of people do not live by the way of only paying for what they can afford. Most people simply buy what they want when they want and end up suffering for it later.

I understand you saying you would not stop making payments unless you honestly cannot, however it is also quite a shame when people pay on debts for decades and lose tens of thousands in interest. Especially with the way the economy is nowadays.

Imagine a family that is neglecting to save for their children's college fund because they are paying monthly minimum payments for years. Then their child either A) wont go to school or B) racks up student loan debt.

This unfortunate scenario is playing out all over America everyday.

Ringo said...

What are the chances we clients face if we pursue legal action because our credit card company practices predatory lending?
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Daphany said...

That is one of Americans biggest problem right now is being in debt. Most people have the lack of knowledge of even knowing where to start to get out of debt. You have to find some sources to help you get out of debt which also states here http://www.debtreliefgrants.org. People have to want to get out of debt and conduct their own research finding ways and companies who are legit and are trying to help people not scam them.

Jess said...

Being in debt is the worst thing that can happen to someone. Trust I know what I'm talking about. I found a company that really helped.
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Mike said...

Credit card debt consolidation seems to be the buzzword in financial circles these days, given the fact that the economic crisis only seems to be getting worse.We see the ads on TV, radio, and the net. We keep hearing about the virtues of debt consolidation and how these programs not only help consolidate your debt, but also offer to reduce it. Seems too good to be true. But the majority of scams rely on being untraceable and anonymous, it is important to check whether the company you are dealing with is upfront about their contact information or not?

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Anna said...

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Lenny said...

How to know which debt settlement company to proceed foward with? First and formost is this company a member of TASC? USOBA? IAPDA? BBB? These organazations play a vital role in which company to proceed foward with. National Debt Relief Group has an outstanding track record, and is an accredited, and reputable company.
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alen mcmilan said...

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donnamoore01 said...

This post is awesome..i've been reading tons of crap posts from other blogs, but shows you have a more educated reader base.
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MsCFaith said...

I guess we all share the same sentiments here. We want to be debt free not add more expenses!

However, I have come across this website, Debt Counseling Iowa It doesn't give crappy promises. My sis has tried their services and it all worked out great.

ameri2387 said...

I agree with Faith, not all debt consolidation companies are scams. When looking for credit card help, it's important to avoid solutions such as settlement, elimination or negotiation as those are scams in my opinion.

renee alberts said...

I have gotten into trouble with my business credit cards, with the economy in the state that it is, I am unable to pay any more than the minimum payment.

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Joy said...

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max ooi said...

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CCC said...

Nice article and blog. Being in the credit repair business it is amazing how many people we run across that are motivated to fix their credit for one reason. So they can borrow even more money and get farther into debt. For some reason it doesn't occur to them that is headed in the wrong direction

Adam said...

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talha said...

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Anna Smith said...

Really nice post.. Every one is seeking for debt relief now a days.. you shared great information.

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