Debt settlement program – Risks involved in the program

4 Answers

Yes, there are lots risks involved in a debt settlement program. One risk is that most debt settlement companies don't offer legal protection to the consumers. The creditors can still sue you.


Debt settlement programs are risky.  There are many scam programs out there.  Plus they charge ridiculous fees.  It is not difficult to do your settlements yourself if you do the research and you will save a lot of money!!

Your credit will take a major hit ...but time will heal it.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html


Your credit score might take a hit initially, but in the long run it will get better as you become debt free.


You can glance through the following link. I hope it will help you to get a vast knowledge about debt settlement program:
http://www.debtconsolidationcare.com/debt-settlement.html

 


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