Beware Telemarketers Bearing Debt Relief Promises Fox Business
Dear Opening Credits,
I keep getting calls about settling my credit card debt and want to know if this is really a good thing. I owe about $20,000 on a few cards, and if I can get it down to $10,000 that would really help me. How does it affect a credit report though, and does it really work? Should I use one of the companies that is calling me or can you recommend another company?
-Dan
Dear Dan,
Oh yes, I'm familiar with those calls. I've received them, too. In the future, when you get them, I'd like you to say,"Thanks but no thanks, and please take me off your call list." Then hang up. If I were to suggest a debt settlement company, it certainly would not be a company that makes random marketing calls.
In fact, I generally do not recommend that people use debt settlement companies at all, even though there are some good ones out there. I'm sure it does sound fantastic to have what you owe magically sliced in half, but unless you have extenuating circumstances, it's really not the right thing to do. After all, I presume that you charged up the cards and got the stuff. I see no reason that you should you get a 50% discount from the credit card companies just because you don't want to pay the entire bill.
Debt Relief Programs
www.youricw.com "Are you thinking about using a debt relief program, but not sure how to find a company that is reputable, honest ...
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