How NOT to deal with your debts Tip of the Day:
Avoid Debt Settlement companies unless you fully understand how they work.
For the program to work, you have to stop paying your creditors – you then fall behind, compromise your credit rating, and run the risk of having your income garnisheed. Worse yet, the creditors may not agree to the settlement that the Debt Settlement Company offers to them. Wouldn’t it be awful to pay all of that money to the Debt Settlement Company, have your credit ruined in the process, and still owe the money?
Research your debt consultantbefore you sign anything, and be aware of your options.
