lbhi2005 commented on Confessions Of A Debt Settlement Company Worker, at 1:17 PM on Apr 18 That would be true Brian....unless you require the creditor to put it in writing. Here is an excerpt from a recent settlement with CHASE.The original balance was $17,828.33 "We are pleased we found a settlement that works for you. more »

lbhi2005 commented on Confessions Of A Debt Settlement Company Worker, at 2:47 PM on Apr 4 One last thing I forgot to mention, for some people that may not know the difference. Debt Consolidation companies work on reducing the interest rates of your credit card companies, some companies don't participate in these interest lowering programs, and usually if you miss a payment or two they bump your interest back up. more »

lbhi2005 commented on Confessions Of A Debt Settlement Company Worker, at 1:47 PM on Apr 4 I work in the settlement industry and there is some truth in what "c" has said, unfortunately there are companies out there to only squeeze money out of people that are down on their luck. more »