How to Legally Settle Your Personal Credit
Card Debt for Pennies on the Dollar.
Know this: No matter what fish story these people invent, the reality is that you'll be ripped off by paying upfront to settle a credit
card debt for pennies on the dollar.
Not exact matches
Financial institutions, credit
card companies, and other creditors typically sell their bad
debt for pennies on the
dollar to «boiler room» collection agencies.
We have all seen the commercials... promises of settlement because of the new credit
card laws, if you have over $ 10,000 in
debt, we can settle your
debts for pennies on the
dollar, etc..
Credit
card banks give bad
debts to
debt collection agencies and eventually sell them to junk
debt buyers
for pennies on the
dollar.
Would just like to mention - and this is from a bankruptcy atty. - that if your credit
card debt goes to «collection», this means it has been sold off to a collection agency or lawyer
for pennies on the
dollar - and almost Never includes the paperwork.
They promise to reduce your credit
card debt to just
pennies on the
dollar without making you file
for bankruptcy.