Debt Settlement Traps!

Lea esto en: English
Por: Consumer Action



What you need to know about Debt Settlement companies:

  • Most debt settlement companies charge regardless of whether they ever settle your debts. 
  • Debt settlement services don’t provide instant relief. 
  • Debt settlement services can be very expensive.
  • Claims for success rates can be very misleading.
  • Debt settlement programs don’t stop debt collection. 


How to get Real Debt Relief:

  • Try to resolve debt problems with your creditors first. 
  • Contact a nonprofit credit counseling service. 
  • Know your rights. 
  • Read the fine print. 
  • Take immediate action if you can’t make your mortgage or car payments. 
  • Consider bankruptcy.


Click the link above for more information on each of these points.

Última revisión y actualización: Feb 27, 2024
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