11. I have heard debt settlement is a scam.
This is a common misconception pushed by credit card companies to steer consumers away from these types of programs. This affects their income stream directly. Unfortunately there are also numerous debt settlement companies that have not looked out for the best interests of their clients. As a result the industry has been cast in a poor light.
Most of these companies were not attorney backed and took their clients money without negotiating a single debt. Therefore it is important that you only deal with a company who can refer you to licensed consumer law attorneys with years of proven settlement experience. Our company provides this form of service and takes great pride in our name and reputation.