I owe a substanstial amount on credit cards 30K which I can no longer make payment. There is this debt settlement company that says they will settle my account for %45 there fees included? It will be in a 3 year payment plan. Is this all some sort of a scam? Has anyone had experience with these types of companies?

Have searched and searched for a debt settlement company that has a good reputation of standing. So far, all seem have a lot of customer dissatisfaction. I never seem to read more than one or two compliments on any given company. Any way to find a legit one?

I’ve been researching debt settlement programs and they sound like a good option. Has anyone been able to negotiate with CC companies on their own to avoid the several thousand dollar fees?

I have a debt on one credit card (my first) and was thinking about seeking the assistance of a debt settlement agency. Is this a good idea? Which company is most trustworthy? How can you tell which company to trust?

Thanks!

Settlement Reached with Bank of America in Case Accusing Credit Card Companies of Colluding on Arbitration Terms
Berger & Montague, P.C. announces a tentative settlement with Bank of America, N.A. and a related company in a 4-year-old lawsuit accusing Bank of America and other credit card companies of unlawfully colluding to require cardholders to arbitrate disputes, including debt collections.

Read more on PR Newswire via Yahoo! Finance

I have some credit card debt and I don’t know what credit card company to consider, either a “CCCS” or Debt Settlement company. Is there a better alternitive to either?