GHS Solutions, a debt settlement company out of Florida sends out these direct mailings to huge lists obtained through several sources. Naive consumers who believe that the mail is related to an actual federal or national program to reduce credit card debt enroll in the program. Often, the debt settlement agency fails to live up to its promises, doesn't stop collection calls and doesn't negotiate debt soon after payments are received. There are more than a hundred complaints filed with the BBB regarding the misrepresentation of this company and its failure to provide relief to its clients.
It's not surprising that consumers are feeling the burden of mounting credit card debt in these uncertain times. Its also not unusual for the same people to fall prey to such scams. But, it is exactly now, that all of us need to be more selective about the legitimacy of information source or the company providing a solution. There are numerous companies out there that are legitimate which provide debt settlement services.
Before you follow up with any offers from debt relief/settlement companies, look up reviews of those companies online. Contact the Better Business Bureau to see if there are any complaints against the company listed with them. It is imperative that you, as the consumer, are aware of the type of debt relief program that you are dealing with. There are a variety of options available during the debt settlement process. Be aware that the debt settlement procedure involves the negotiation between a company hired by you to represent your interests and your creditors. The aim of the debt settlement company is to negotiate the reduction of your debt liability. It doesn't always turn out that way and there are several risks involved.