Warning! Don't Join a Debt Settlement Program Before Reading This Web Article!

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Debt Settlement Scams Exposed!

Debt Settlement & Debt Consolidation Companies take Advantage of People in an Emotional, High Pressure State caused from their mounting Debt. They Scam them out of Thousands of Dollars in Up Front Fees and Hidden Costs. Don't be a Victim of these Predators. Beware of them!

The Concept of "Debt Settlement" Scams 

Going by many web advertisements and corresponding websites, there "seems" to be a better way of saving money on your bills - debt settlement. The idea is that these companies are able to reduce all your debts that aren't tied to property by 50, 60, or 70%. Seems that the big creditors are willing to give these professional companies large reductions.

These sites also claim that they will bring you peace of mind from creditor calls, guarantee results, and do all this based on what you can afford to pay. Sounds too good to be true... doesn't it?

Well, the websites that are using this opportunity to scam are claiming that they can predict the future and promise precise payoffs and results in 1 or 2 years. Absolute non-sense, I assure you. No one can predict the future. How does one know? Every time the interest rates change or two banks merge, the policies change and this means that settlements also change. These scam companies also offer this to their takers:

- No Better Business Bureau (BBB) to prove reliability and good track record. Instead they have things like a Dunn and Bradstreet or Chamber of Commerce that any company can get.

- On the phone, promise future and wonderful results, but send a contract that reflects no guarantee nor promise of any results.

- Charge you a flat commission on your debts instead of a percentage of what you are saved.

- Suggest you sign up for a debt consolidation program and pay back your debts in full with interest.

- Suggest that debt consolidation doesn't appear on your credit report - it does, and costs you much more than debt settlement.

- Get you started and you never hear from them again.

- Actually get you deeper in debt by not doing anything on your accounts.

As a watchdog of debt settlement, debt consolidation, and consumer credit counseling companies, each company in the industry has been thoroughly reviewed and evaluated by talking to many past clients, checking credentials, and speaking with workers. Based on extensive research and evaluations, we can only recommend one debt settlement website out of the hundreds that have been evaluated, as they have proven themselves as a legitimate means for an individual or small business to get out of debt. That Company is Curadebt. Curadebt provides an initial free consultation. Their counselors guide you through the entire process, and personally help you resolve your debts.

Curadebt offers a guarantee if you meet certain requirements. It has been verified that this company lives up to its word.

If you have credit card, personal loans, or any type of business debts, you stand an excellent chance of saving a lot of money and having peace of mind that you have a solution in place.

Fill Out The Web Form Found Here To Get A FREE Debt Analysis From Curadebt.

Review:

Curadebt with many satisfied clients, local legal representation, a clean Better Business Bureau rating dating back to 2000.

It has friendly, knowledgeable staff and a variety of programs to best meet your needs and specific goals.

Money back guarantee. (Speak with a counselor to review details).

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Tips For Getting Out of Debt 

How do I get out of debt?

Need some quick ideas and useful tips to get out of debt? This video will open your eyes.

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Debt Settlement Scams Feedback 

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  • Reply
    millstonerobert millstonerobert Oct 18, 2009 @ 1:51 pm
    Excellent lens on Debt Negotiation Settlement, I found it very informative and user friendly, it's important that people are made aware of their options if they ever fall into an insurmountable level of debt.
  • Reply
    DebtResNow DebtResNow Oct 9, 2009 @ 5:40 pm
    You are right about Debt Settlement companies. You can never know what they will settle for in the future.

    There is a program, Debt Resolution, that can tell you exactly what you will pay, and give you an exact timeline for getting out of debt. It is run by attorney's and does not have the downsides that Settlement does. (example: Settlement makes you pay taxes on forgiven amount, Debt Resolution does not!)

    Debt Resolution is a better method of Debt Relief! Check it out at:
    http://www.DebtSettle4me.com/now

    To your financial health!
  • Reply
    Resolutions Resolutions Jan 5, 2009 @ 4:39 pm
    Great lens. I have been researching the same problems with debt reduction companies and have found the same facts. Keep up the good work!

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