Comments

3 Responses to “Are debt management companies worth the risks?”

  1. Barbara K on August 10th, 2009 10:11 am

    Brenden

    No. Stay away from them. They actually lower your credit score.

  2. KLR on August 12th, 2009 6:21 pm

    Alonso

    No. They charge a fee and it still reports negatively on your credit report. If you ask me you come out the same filing bankrupt.

  3. bean on August 15th, 2009 11:06 am

    Lawrence

    your best bet is to either take out a personal loan from your bank to pay off all of your debts or work out plans with each individual company you owe – those consolidation programs destroy your credit because you don’t pay your bills and then your accounts go to collections and thats when the companies step in to settle the debt – I wouldn’t do it

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