Moderator Emerita
Posts: 28,098
Registered: ‎04-01-2007
Re: FTC webpage: Knee Deep in Debt plus a Yahoo Finance article
Over on Credit in the News, marty56 posted a link to an article on Yahoo Finance that vivdly describes how "debt settlement" or "debt negotiation" programs work. For those of us who stay confused, these are the baddies that we don't allow to be recommended here.

But if you're wondering what all those TV and radio commercials are about, here's the skinny:

Can You Settle Credit Card Debt for Pennies?
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007