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Debt negotiators may crush your credit
By Adam | August 14, 2006
Debt negotiators may crush your credit (Bankrate.com via Yahoo! Finance)
Here’s a good advice article about dealing with debt negotiators and how they may not be as good as they seem. Some of the best advice is that you can pretty much do everything they are going to do for free yourself.
Here’s more:
“Whatever you ultimately decide, steer clear of anyone promising to resolve your debt situation instantly and magically.
The bottom line is when it comes down to getting out of debt there is no quick fix or solution.
“Some
folks advertise 1-800-get-out-of-debt,” says Jacobs. “They’re selling
you a dream. Getting out of debt is a very difficult, usually a very
lengthy, painful process.”
-Adam
They could be a big help, but they also could leave you with less money and a credit rating worse than when you started.
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