During my ordeal with the debt settlement company, I figured out what they do not tell you and that is taxes after the fact. The truth is hidden somewhere in fine print you have to look carefully. They do not mention that you will be paying taxes so if you owe ten of thousand expect a letter down the road from federal and state asking for their cut in the deal.
Sometimes I just like to search on the internet anything about debt settlement and I like how some of the companies present their bio to debt strap people. They boast about the millions of dollars they have settled but they do not mention how much fees this poor people had to pay and the taxes attached.
Try reading the different newspapers online that report on credit and you will see the serious problems with debt settlement. I wish they could tell the unsuspecting clients the truth because honestly if you are in deep debt the notion that you will be able to pay a hefty fee, save and survive is a dream that will end being a nightmare.
Call your credit card company and negotiate your own debt and maybe you might end up on the right side but if you go with the debt settlement companies then be prepared for a roller coaster.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment