What’s the Deal With Those Debt Settlement Services?
I’m fascinated by bad or corny television commercials. Some are downright charming . I’m mesmerized by the underwater-motion and creepy interaction common to pharmaceutical commercials. And who hasn’t been jarred from a peaceful couch nap by shouted announcements of Big Big RV sales or drag races (“Sunday! Sunday! Sunday!”)? Naturally I’m intrigued by the seemingly endless parade of “debt settlement” offers. Surely you’ve seen these commercials too. They might begin with ominous music and actors in crisis, similar to many tax relief commercials. Or they might open with some good news: “As a result of today’s economic crisis, banks are willing to accept significantly less than you owe!” Either way, they want to let you know: “If you owe more than $10,000 in credit card debt, our specialists will show you how you can lower your monthly payments, reduce or eliminate your debt, and get your life back on track.” A “real person” will then tell you: “I cut my payment