Smart Borrower Blog

Archive for the ‘Debt Consolidation’ Category

Go for Credit Counseling, Not Debt Settlement

Dire economic circumstances bring out the desperate side of a lot of people. And there are plenty of companies ready to take advantage of that weakness. Enter debt settlement companies. They make promises that they will cut your debt in half, or otherwise greatly improve your financial situation. Many sources recently have cried foul when it comes to these “money genies.” A CBS news  post today decried these companies as shady corporations more likely to hurt than help. The author quoted New York Attorney General Andrew Cuomo who is fighting against unscrupulous debt settlement companies in his state: “Today, millions... more »