Projected growth in consumer account balances from time of enrollment until settlement.

Debt Settlement Programs Often Do More Harm Than Good For Consumers

In the past we’ve told readers about the a number of bogus debt-relief operations that scammed already vulnerable consumers. But a new report from the Center for Responsible Lending points out that it’s not just shady companies that hurt consumers. Sometimes legitimate debt settlement programs can leave consumers in more debt than they started out with. [More]