Beware of Debt Settlement!

 If you have been considering debt settlement as an option to get out of debt, you may want to reconsider. In April 2010 the Government Accountability Office (GAO) released a debt settlement report that studied 20 randomly chosen for-profit debt settlement companies and their level of legitimacy based on a standard rating criteria.  “The GAO found the experiences of its fictitious consumers to be consistent with widespread complaints and charges made by federal and state investigators on behalf of real consumers against debt settlement companies engaged in fraudulent, abusive, or deceptive practices.” (Kutz 2010)

Debt Settlment Deceptive Practices

Watch The Debt Settlement Senate Hearing

Do You Need Help?

There are currently 3,000,000 Americans who owe $10,000 or more in credit card debt. Average credit card debt is $16,000 per household.  Additionally, there are 14,000,000 households that are 30 or more days delinquent on their credit card payments.  If you are one of these people in over your head with debt, there are much better solutions available than debt settlement.

 What Christian Debt Management Does?

Christian Credit Couselors will consolidate all of the debt that you have and combine that debt into one low payment for you. We will acquire benefits which include lowered interest rates and fees to be ceased creating an affordable low monthly payment you can live on. This helps sustain your good credit and avoids bad credit while ensuring you have the necessary finances to live comfortably.

Christian Credit Counselors FAQs