debt consolidation

debt consolidation: "One of the worst debt consolidation companies has actually had a federal lawsuit filed against it and the FTC and five individual states have filed separate lawsuits against the company. This company declared Chapter 11 bankruptcy but the reality is that they have not gone out of business themselves, they have simply changed into so many other companies that they are most likely around in some form.

Interestingly, many companies do not call themselves ‘debt consolidation companies’ anymore because of the bad press that all of the legal action against this first company generated. You may hear of ‘debt negotiation’ companies or ‘debt settlement’ companies who are basically ‘debt consolidation companies’ who are using illegal tactics and should be avoided."