Why You Should Avoid Shady Companies Claiming to Reduce Debt

Numerous debt settlement firms promise to make debts disappear.

But lawmakers have classified it a "rouge industry," arguing that debt settlement companies, which say they can negotiate reduced credit card and other debts, are "offering consumers false hope, charging tremendous fees and leaving them in a worse financial situation."

Source:
http://articles.latimes.com/2009/may/08/business/fi-debt-relief8