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Positive Feedback on Debt Consolidation Companies
I've gotten so many letters complaining about debt consolidation companies and only a few praising positive experiences with debt consolidation companies, debt settlement companies, or debt negotiation companies. So, I thought I'd provide a list showing the few positive feedback letters I've received. Let me put this in perspective, according to an article published in the Star Tribune, the debt consoldiation industry is a $20 billion/year industry, with literally thousands of companies out there.
| Companies About Whom I've Received Positive Feedback | ||
| Company Name | Number of Positive Feedbacks | Number of Negatives |
| Ameridebt | 3 | 185 |
Yep, that's it, one company. And sorry kiddies, Ameridebt declared bankruptcy and has been shut down, in that order.
I get so many letters asking me which of these companies I would recommend. My answer: Stay away from ALL of them. Whatever they can do, you can do yourself. However, if you still feel compelled to seek one out, here is our tipsheet. If you are already enrolled in one, then here are some tips to get out. Again, be very cautious. Before you do business with any company, check it out with your local consumer protection agency and the Better Business Bureau in the company's location.
Have we said not to use any of these debt consolidation/debt negotiation/debt settlement companies enough? I counted four times. Hopefully, you will take our hint!
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