What advice do you have for this reader who is considering debt settlement to get out of debt? I don’t support debt settlement here at One Money Design simply because there are too many companies out there interested in taking money from people versus helping them get out of debt. I wrote an article about debt [...]
Tag Archives | Debt Settlement
Debt Settlement: New FTC Rules Help Protect Customers
There are a number of problems in working with companies that provide for-profit debt related services. I discuss some of them in a recent article [Should You Work with a Debt Settlement Company?]. After writing the article, I felt it was also important to update readers on a new important FTC rule impacting for-profit companies [...]
Should You Work with a Debt Settlement Company?
There are many offers on TV and radio from companies offering to negotiate your unsecured debt for “pennies on the dollar,” reducing balances by 50% or more. Is this for real? What’s the catch? How would this affect your credit rating? These are some great questions recently submitted via Ask One Money Design. As a reminder, you [...]
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One Money Design is a personal finance blog that exists to help people make progress along their journey to true financial freedom and become more generous with their time and money.
