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A script for when creditors call

By Shirley Gao

Some debt settlement companies give consumers a script to follow when creditors call

Excerpts from this story referencing "Debt settlement":

"… ay, I have 2 lines backed up and I have to go now. Thank you!(HANG UP HERE) …"

"… ry to use withheld funds as leverage when negotiating with creditors. Debt settlement companies also promise to handle most telephone and mail contact with bill …"

Borrower Nightmares: Small town teacher seeks help for big debt, ends up in bankruptcy

By Shirley Gao

Illinois, W.Virginia sue debt settlement companies for using loophole to charge high up-front fees

Excerpts from this story referencing "Debt settlement":

"… er said. “They can file bankruptcy, seek Debt settlement, or do nothing. Debt settlement is appropriate for those people who have the desire to do something about …"

"… gulation of Debt settlement companies, along with the CFPB and the FTC. “Debt settlement was identified as a priority area by the states, but there has not been an …"

Debt settlement company fined, ordered to stop operating in Illinois

By Shirley Gao

Illinois state regulator fines Legal Helpers Debt Resolution
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Real estate mogul built offshore maze as creditors, Swedish government pursued him

Hans Thulin sheltered millions as Swedish government and other creditors pursued him, secret records show.