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The New Poor - Peddling Relief, Firms Put Debtors in Deeper Hole


Business  (tags: recession, debt settlement programs, buyer beware, rip-off, virtual ponzi schemes, predatory lending, preying on the poor, BBB, state attorneys general, US Organization for Bankruptcy Alternati, scam )

Judy
- 1649 days ago - nytimes.com
Consumers rarely emerge from debt settlement programs with their credit card balances eliminated, these critics say, and many wind up worse off, with severely damaged credit, ceaseless threats from collection agents and lawsuits from creditors.



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Comments

Mack David (100)
Sunday June 20, 2010, 1:37 am
Thanks-Judy
 

Enricks S. (0)
Monday June 21, 2010, 1:46 am
I would like to see some of these companies go through the same process of some of their clients end up being unhappy - bankruptcy.
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