Thrifty Times has from time to time had requests to take on sponsors of Debt Consolidation, Debt Elimination or Bankruptcy Companies. I always decline because our goal is to help individuals spend wisely and because such decisions should always be with the advice of experts.
I have become increasingly concerned with advertising promising all kinds of “relief” by simply calling some 1-800 number or with promises to eliminate substantial amounts of interest from credit card loans so I decided to look into these claims to see what the story was.
I found an excellent website from the US government called “Knee Deep in Debt.” This site covers the differences between programs as well as the hype and claims. Included are explanations on Debt Relief Services, Debt Management Plans, and Debt Settlement Programs. There is also a section on how to protect yourself and what your rights are when dealing with debt.
If you are in debt trouble I strongly recommend you check out this site:
All articles are copyrighted by Thrifty Times, 2004 - 2011. You may not reproduce or share or repost without express written permission from the Thrifty Times except to quote up to 60 words of an article with a link back to this site. For more information contact us at email@example.com or Thrifty Times, 2616 Cynwyd Avenue, Broomall, PA 19008.
Disclaimer - Articles are intended for personal information. Not intended to be financial, tax or legal advice. All financial plans as well as financial decisions, tax decisions and legal decisions should be made carefully and with the advice of a professional.