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Thumbnail image for Debt Settlement Consumer Protection Act Aims To Drastically Cut Fees

Debt Settlement Consumer Protection Act Aims To Drastically Cut Fees

May 3, 2010

Last week Senators Schumer and McCaskill announced the Debt Settlement Consumer Protection Act, which is a bill they have written that aims to protect consumers and curb predatory practices that are all too common in the debt settlement industry today. The actual text of the bill became available recently, so let’s dive in and take [...]

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How Much Will Debt Settlement Cost You?

April 27, 2010

If you have done your research and have concluded that debt settlement is the best strategy for your particular circumstances, and you have decided not to handle your own negotiations, then your next step is to hire a company to do it for you. This is a very important decision because hiring the right debt [...]

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4 Warning Signs When Looking For A Debt Settlement Company

April 20, 2010

If you have decided that debt settlement is the best strategy for your particular debt situation and you have decided to not handle your own negotiations, then you need to find a third party debt settlement company to work with. Given all of the scams and fraudulent companies operating in this industry these days, now [...]

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Hiring A Debt Settlement Company Is Like Throwing Away Money

March 24, 2010

Regular readers of the DIY Debt blog know that a debt settlement company can’t do anything for you that you can’t do yourself. Debt settlement companies charge extremely high fees, usually in one of two ways: as a percentage of your total debt amount, or as a percentage of your savings. They are also notorious [...]

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3 Reasons To Choose Do It Yourself Debt Settlement

March 3, 2010

If you have decided that debt settlement is the best way to approach your debt situation, then the next thing you need to do is decide to do it yourself or to hire a third party company to do it for you. Here are three critical reasons why consumers, professionals and small business owners should [...]

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