Hi all please give me some comments about my below question. The commercials scheduled television creates it sound like a debt consolidation loan resolve all my financial troubles. Are these loans actually the ideal method to solve my debt issues? Thanks in Advance...
No. They wait until all of your account charge-off so they can try to settle them. This ruins your credit. You might as well file for bankruptcy. They will most likely tell you they settled for 50% when they really settled for 40% and pocket the rest. That is how they make their money. It would be cheaper to give your money to a neighbor or friend to pay your bills for you.
