30 March 2008
Credit Card Debt Relief and Card Credit Debt Relief
Posted by James Breen at 3/30/2008 11:36:00 AM
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Like credit counselors, debt-settlement firms generally collect a single monthly payment from clients. But rather than disbursing the money to credit-card companies to cover the borrowers' bills, they withhold it. The settlement firms then use the money as a bargaining chip in an attempt to negotiate a lump-sum payout with lenders. The booming business has caught the attention of prosecutors and regulators, who say such programs can leave consumers in worse financial shape. When banks ..read more.
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