Are you overwhelmed by credit card debt? Are you in debt trouble?
Many debt settlement firms advertise that they will negotiate for you or wipe out your credit card debt for pennies on the dollar! Some of these companies require you to pay thousands of dollars up front for a "promise you may not realize". In all actuality, you may pay out thousands of dollars and get zip in return.
Complaints are skyrocketing to consumer reporting firms about phony debt settlement agencies.
A Safer Credit Plan:
Ask creditors for a payment plan
Find a legit non-profit credit counselor
Stay away from non-profits linked to shady firms
Source: http://www.cnn.com/CNN/Programs/clark.howard/