Settle debt with collection agencies for pennies on the dollar
Once a debt is sold to a collection agency you have a chance to settle the debt for a lesser amount, often pennies on the dollar.
Debt Settlement
5 Dangers when using a Debt Settlement Company
While getting out of debt sounds great, consumers using debt settlement companies often fail to realize the dangers. You may be able to reduce your debt but the negative impact on your credit scores may not be worth it.
Debt settlement can hurt credit scores
Debt settlement can hurt credit scores because having late payments are essential to settlement, creditors are motivated to settle when you have multiple lates
Beware of Misleading Debt Elimination Schemes and Scammers
Using a debt elimination firm could cause you to end up with a bad credit score, tax lien, foreclosure, or a debt collector at your heels.
7 CFPB Settlements that might put money in your pocket
Some have criticized the CFPB as an unnecessary bureaucracy but they cannot argue the fact that consumers have benefited from settlements negotiated by the CFPB
