Margaret H. Johnson ACE, RQIC, is a thought leader in the field of credit education and debt management. She offers 100% confidential and unbiased credit counseling and debt consolidation services. If you are a woman in debt, speak with Women and Money first. We specialize in helping women with their personal and business finance.
Consumer Alert: Debt Settlement
Written by Margaret Johnson | Thursday, 10 May 2012
The Ontario Government’s Ministry of Consumer Services is the latest government body to issue a consumer alert “warning consumers to exercise caution when considering a contract for debt settlement services.” They warn that “complaints about companies offering debt settlement services are increasing,” and “most of the complaints are about unclear or misleading contracts, excessive fees, and failure to reduce debts as promised.”
If you are considering using a debt settlement company read the following official government warnings and learn the difference between debt consolidation and debt settlement. Make an informative decision!