Very interesting reading….goes into the inner workings of debt settlement companies, which I advice people under no circumstances to enter. Some disturbing excerpts:

There were clients at my company whose income was only $900 a month, who were being asked to save $400 a month, and then put $200 a month towards the program’s fee. If they miss a month, they are canceled with no refund as per the signed contract.

Although, I wasn’t one of the employees that were talking people out of their hard earned money and financial security, I felt sickeningly guilty knowing I was working at a place that basically stole from people.

My favorite line is:

The “client service agreement”, which I referred to as a “contract with Satan”, confounded most clients.

http://consumerist.com/371210/confessions-of-a-debt-settlement-company-worker

Related posts:

1. Is it Possible to Find a Good Debt Settlement Company? Perhaps we’ve asked an impossible question –  are there even...
2. Debt Settlement Industry Warns Against Non-Professionals Tackling Debt Settlement Ridiculous! That was our first thought when reading the title...
3. A Real-Life Debt Settlement Application Thought you all would like to see this. A friend...
4. Florida State Attorney General Files Suit Against Debt Settlement Firms Florida State Attorney General Bill McCollum recently filed two lawsuits...
5. Credit Repair or Debt Settlement Information – What Do People Want Most Today ? Over the last 12 years, this website has evolved to...