Tag Archives | Debt Settlement

Ask The Readers: Should You Use a Debt Settlement Company?

By in Debt

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 [...]

Read full story · Comments { 1 }

Debt Settlement: New FTC Rules Help Protect Customers

By in Debt

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 [...]

Read full story · Comments { 0 }

Should You Work with a Debt Settlement Company?

By in Debt

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 [...]

Read full story · Comments { 5 }