Is debt settlement a good option or is it just a ripoff?

I see commercials all the time about debt settlement but is it just a scam? Has anyone ever used this type of program and if so, what were your results? Thanks!

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1 response to “Is debt settlement a good option or is it just a ripoff?”
  1. Kaska says:

    It isn’t a scam. It is actually something you can do yourself. Bills that are in collections sometimes the collection agency will send an "offer letter" They usually deduct about 10% – 30% off the total bill if you pay the entire amount immediately.

    Best to get it all in writing as they will call with an offer like this and only credit your account. They will then continue harassing you for the balance.

    So if it isn’t in writing the answer is no.

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