In the industry's earlier days, there were many unethical brokers who used an opaque market to take advantage of desperate consumers. (kitces.com)
But be cautious about signing up for debt consolidation services because there are a lot of shady companies looking to profit from desperate consumers. (debthelp.com)
These lenders often bank on catching an inexperienced or desperate consumer in a debt trap, allowing them to make money off of strenuous demands under repayment agreements. (lendedu.com)