Engaging A Debt Settlement Firm Can Bring Debt Collectors Down On You.

Debt settlement firms call for a minimum of $10,000 in credit card debt. Of that $10,000 you have to give them $1500-2000 in upfront fees for them to settle your debt. To save money for a lump sum settlement and their fees, they tell you to stop making credit card payments and to give that money to them for their fees and for an eventual lump sum settlement.

A Phone Call from a Credit Card Debt Collector? . . . You Do Not Need to Take It.

There is little or no legal weight to a phone call from a credit card debt collector. Anyone can say anything and get away with it. Debt collectors use that to their full advantage. The telephone is their weapon of choice. Once things get reduced to writing, they become toothless.