Business and Finance Week
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Morgan Drexen, Inc.
Morgan Drexen Explains Why Debt Settlement is Superior to Credit Counseling for Many American Families
February 13th, 2010
As credit card companies race to change their fee structures and terms of service ahead of the tougher regulations that will take effect in February 2010, many cardholders are coming out on the short end of the stick: rates are still rising, credit limits are being reduced and a growing list of new fees threatens to drain your bank account one new charge at a time. Ultimately, the already record number of American families facing years and years of payments, fees and penalties will proliferate.
Also expanding is the number of credit counseling services that promise aid to families swamped by credit card debt. For many consumers, unfortunately, this kind of 'help' is making...
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Source: Business and Finance Week (2010-02-13)