When settling credit card debt, watch out for scams

Courtesy USATODAY.com Money - Block  Mon, 07/20/2009 - 19:07

Debt-settlement companies typically try to negotiate with credit card companies to reduce the amount you owe. Rising unemployment has led to a sharp increase in the number of consumers who are behind on their payments, creating a receptive audience for their services.

But like a weight-loss product that causes you to gain 10 pounds, some of these programs could leave you even deeper in debt.


 

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