For most people, bankruptcy works. For most people "debt settlement" doesn't work. or most people, bankruptcy works. For most people "debt settlement" doesn't work.
The debt settlement outfits charge enormous fees--FDR and NDR charge at least $6,000 to "settle" $40,000 in credit cards (plus you still have to pay the settlement).
Plus, they usually don't work.
See this email I got this email today from Ed.
Ed is paying the debt settlement company and got sued anyway. Why? Because the debt settlement people usually settle the smallest debts right.
And while you are paying off the small settlements, do the big cards just wait patiently? Or do they sue?
You can read what happened to Ed....What do you think?
