Debt settlement is a SCAM

Anything other than bankruptcy filing is, in my opinion, a SCAM. Chapter 7 bankruptcy allows you to list your debts, and obtain a court order discharging you of any obligation. Chapter 13 Bankruptcy debt repayment allows you to repay creditors with one lower payment you can afford. Anything else is a scam. Geraci Law is the largest legitimate consumer bankruptcy firm providing debt elimination and debt consolidation using the U.S. Bankruptcy Code and court-supervised plans, for your protection.

Even attorneys offering "debt settlement" are often SCAMS. The attorney generals of Illinois, Wisconsin, New York and other states have sued lawyers posing as "debt settlement attorneys" https://casetext.com/case/consumer-fin-prot-bureau-v-stratfs-llc The largest SCAM "debt settlement" called "Stratford" was sued by the CFPB and closed its doors. It "supported almost 100 SCAM LAWYERS who are listed here: Consumer Financial Protection Bureau, et al. StratFS, LLC ... Regulatory Resolutions https://regulatoryresolutions.com › case › consumer-fin... "approximately 34,000 consumers enrolled in the debt-relief program between approximately January 1, 2016 and March 15, 2021 collectively paid over $104,000,000 in fees to defendants and the intervenor law firms (including service fees, retainer fees, and legal administrative fees) before any debt-relief payments were made to creditors."

Geraci Law is the largest consumer bankruptcy law firm in the country. Read the Complete Book on Bankruptcy by Peter Francis Geraci https://www.bankruptcybookbypeterfrancisgeraci.com/index.html

Don't fall for "debt settlement scams". What is a scam? Most "scams" are fraud involving money. Look it up: scam /skam/

noun INFORMAL

1. a dishonest scheme; a fraud.
2. "an insurance scam"

A lot of SCAMS involve guilt, and desire for an "easy way out of my problem". Debt settlement is an example of a SCAM. Don't take it from me. Even the largest credit bureau, Experian, calls "debt settlement" a SCAM.

Is “Debt Relief” a Scam? Experian https://www.experian.com › blogs › ask-experian › are-... Dec 6, 2023 — Quick Answer. Some debt relief companies are scams, and even the legit ones are risky and expensive. Some creditors refuse to work with debt ...

Law enforcement calls "debt settlement" a SCAM. Here's what the Texas attorney general says: Debt Relief and Debt Relief Scams | Office of the ...

Office of the Attorney General (.gov) https://www.texasattorneygeneral.gov › debt-relief-and-... If you receive an unsolicited call or contact from someone offering to help you eliminate your debt, be extra cautious. There's a good chance they're a scammer.

The Federal Trade Commission calls out Debt Relief and Credit Repair Scams Federal Trade Commission (.gov) https://www.ftc.gov › topics › consumer-finance › debt-r...

Debt relief service scams target consumers with significant credit card debt by falsely promising to negotiate with their creditors to settle or otherwise .

CNBC personal finance warns against these SCAMS How To Avoid A Debt Settlement Scam CNBC https://www.cnbc.com › CNBC Select › Personal Finance Jun 7, 2023 — Being in debt makes you a target for fraudsters, but these tips will help you spot the most common settlement scams.

Yes, filing bankruptcy is scary, but it beats debt settlement scams or paying credit card minimums for 30 years. Get a free phone mini-consultation at Geraci Law https://www.infotapes.com/