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Consumer Law

: Caveat Emptor

Debt settlement companies and credit counselors?are they worth the fee?

By Sam Glover

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Perhaps some are. But when NetDebt charges “15% of the amount of debt you bring to their program (regardless of results or the number of creditors it must deal with), plus a ?small? monthly service fee of $50,” I have to wonder. So if a consumer had $20,000 in debt, he or she would owe $3,000, [...]

Full post as published by Caveat Emptor on July 30, 2008 (boomark / email).

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