Debt Settlement

Debt Settlement: Don't Get Fooled

A few weeks ago I visited a local vocational school to talk to students about credit and to provide them with individual credit counseling assistance. One of the gentlemen, Steve, who stayed after to have an individual appointment, said he wanted to know what his credit looked like now...

Posted on December 23, 2016

Paying the Debts of a Deceased Relative: Who Is Responsible?

We often hear from clients struggling to deal with debt collectors seeking repayment of debts incurred by deceased relatives. This article, from the Federal Trade Commission, outlines your rights and responsibilities when faced with this situation. FTC June 2009 Paying the Debts of a Deceased Relative: Who Is Responsible? After a relative...

Posted on December 23, 2016

Pros and Cons to Debt Settlement

A debt settlement is when a creditor agrees to accept less than what is owed on a principal balance of a debt. Many agencies offer Debt Settlement Services, often charging high upfront or ongoing fees when individuals are already experiencing financial distress. An individual can work directly with a creditor to...

Posted on December 23, 2016