Debt Settlement Companies: Beware the Wolf in Sheep's Clothing

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With the economy continuing to suffer, more and more people have fallen behind on their financial obligations. This can be stressful and most people feel totally helpless when their finances continue to spiral out of control, especially when they are getting continuous phone calls and mailings from debt collectors. It is no wonder that there are now so many professional debt-settlement companies offering up their services. Although there are legitimate credit counselors who are licensed by the State to consult with consumers to resolve their debt and credit issues, there are other companies operating, some of them illegally, which are in it solely for profit and often do more damage than good for consumers. If you are informed, you can protect yourself from financial predators.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Adam Bean | Attorney Advertising

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