8/13/2010 9:43 AM (PST)
If you call them up you will find that they do primarily debt management or credit counseling. They do offer debt settlement as well in certain circumstances, which is what the other post is referring to re the FTC ruling. Debt settlement is a good avenue for consumers in certain financial situations, if handled by a legitimate attorney backed company.
Compared to all the other companies I have spoken to Consolidebt seems to be upfront and legit as to what they are advising me to do. Also, they use attorneys to work with the creditors, so you are not trusting your financial future to a guy in his garage.. Pretty much if I am current on my bills I should go towards debt management, if I am way behind and BK is my only thought, then look at debt settlement.
Also, their website has some good reviews on it..I don't trust the BBB rating on any company, if you take a look at Consolidebt's rating it is an F, but they only have 1 complaint which was resolved?? So not sure why they would have such a bad rating unless the BBB just doesn't like any company that offers debt programs??
Hope this helps, again they seem to be one of the more upfront legit debt companies out there..
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