Debt Settlement Companies: How to Tell The Good From The Bad

a couple looks worried over debt - debt settlement companies
a couple looks worried over debt - debt settlement companies

Debt settlement companies can be very useful tools when it comes to reining in an out-of-control debt spiral. Unfortunately, a number of individuals, some criminal and unethical, others just inept and inefficient, have set up companies that end up making a consumer's debt problems worse rather than better. In this series, WalletPop takes a look at the debt settlement industry, explaining how it works and talking to some of its players. This is the first installment in our debt settlement series.

When the holidays are over, there are bound to be some cash-strapped Americans who are going to take a long, hard look at their financial situation and ponder whether it's time to get some help from a debt settlement company.